Last Updated:September 07, 2025, 21:19 IST

Nine IPOs, including Urban Company and Airfloa Rail, will launch between September 8 and 18, 2025.

Upcoming IPOs.

Upcoming IPOs: The primary market is set for an action-packed week as nine companies are scheduled to launch their initial public offerings (IPOs) between September 8 and September 15, 2025. These offerings include a mix of small and medium enterprises (SMEs) and mainboard listings.

Nilachal Carbo Metalicks (NCM SME)

Nilachal Carbo Metalicks will open its IPO between September 8 and 10, 2025, at a fixed price of Rs 85 per share. The company’s listing is scheduled for September 15.

Karbonsteel Engineering (KARBONSTEEL SME)

Karbonsteel Engineering will hit the market during the same window of September 8–10. With a price band of Rs 151 to Rs 159, the engineering firm is looking to attract SME investors ahead of its listing on September 15.

Krupalu Metals (KRUPALUMETALS SME)

Krupalu Metals, another SME in the metals sector, will also open its IPO from September 8 to 10. The company has fixed its share price at Rs 72, and it will make its stock market debut on September 15.

Taurian MPS (TAURIAN SME)

Taurian MPS will join the cluster of early movers with its IPO running from September 8 to 10. Priced between Rs 162 and Rs 171, it will be among the higher-value SME offerings of the week, with its listing scheduled for September 15.

Jay Ambe Supermarkets (JAYAMBE SME)

Jay Ambe Supermarkets will open its IPO a day later, between September 9 and 11. With a price band set at Rs 74 to Rs 78, the retail-focused chain will list on September 16, seeking to tap into consumer-driven investor interest.

Shringar House of Mangalsutra (SHRINGAR)

Jewellery brand Shringar House of Mangalsutra will launch its IPO between September 10 and 12. Priced in the range of Rs 155 to Rs 165, the issue will list on September 17, offering investors exposure to the ornament and accessories market.

Urban Company (URBANCO)

One of the most awaited IPOs, Urban Company, will also open its books from September 10 to 12. With a price band of Rs 98 to Rs 103, the home services platform is set to make its stock market debut on September 17.

DevX (DEVX)

DevX, a provider of co-working and incubation services, will launch its IPO alongside Urban Company between September 10 and 12. Shares will be offered at Rs 56 to Rs 61, with the listing expected on September 17.

Airfloa Rail Technology (AIRFLOA SME)

Rounding off the week, Airfloa Rail Technology will open its IPO from September 11 to 15. The company has set a price band of Rs 133 to Rs 140 and will list on September 18, marking the final debut in this cluster of offerings.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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London Underground services were disrupted on Sunday at the start of walkouts by thousands of workers which will cause travel disruption in the capital.

Members of the Rail, Maritime and Transport union (RMT), including drivers, signallers and maintenance workers, launched a series of strikes over pay and conditions which will lead to huge disruption for millions of travellers.

Transport for London (TfL) warned there will be few or no services between Monday and Thursday, as disruption started on Sunday.

TfL has offered a 3.4% pay rise which it described as “fair” and said it cannot afford to meet the RMT’s demand for a cut in the working week.

Nick Dent, London Underground’s (LU) director of customer operations, said union demands for a cut in the 35-hour week were “simply unaffordable” and would cost hundreds of millions of pounds.

The last Tube-wide strike was three years ago, over pay and pensions, but Mr Dent said next week’s action will be different because separate groups of workers will walk out on different days.

“It will be very damaging for us,” he added.

An RMT spokesperson said: “We are not going on strike to disrupt small businesses or the public.

“This strike is going ahead because of the intransigent approach of TfL management and their refusal to even consider a small reduction in the working week in order to help reduce fatigue and the ill health affects of long-term shift work on our members.

“We believe a shorter working week is fair and affordable, particularly when you consider TfL has a surplus of £166 million last year and a £10 billion annual operating budget.

“There are 2,000 fewer staff working on London Underground since 2018 and our members are feeling the strain of extreme shift patterns.

“London Underground is doing well financially and all our members want is fair consideration. But TfL is refusing to even consider marginally reducing the working week, citing costs ranging from tens of millions to now hundreds of millions.

“We remain open to talks, securing a negotiated settlement and call on the Mayor of London to intervene.”

Passengers have been urged to check before they travel, with Tubes that do run, as well as buses, which are expected to be busier than usual.

Docklands Light Railway services will also be hit next Tuesday and Thursday because of a strike by RMT members in a separate pay dispute.

New Delhi: India’s foreign exchange reserves rose by USD 3.5 billion in the week that ended August 29 to USD 694.230 billion, driven largely by a rise in foreign currency assets and gold, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement’.

The country’s forex kitty is hovering close to its all-time high of USD 704.89 billion touched in September 2024. For the reported week, India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 583.937 billion, a rise of USD 1.7 billion.

The RBI data showed that the gold reserves currently amount to USD 86.769 billion, witnessing a rise of USD 1.8 billion. After the latest monetary policy review meeting, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country’s imports.

In 2023, India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022. In 2024, the reserves rose by a little over USD 20 billion. So far in 2025, the forex kitty has cumulatively increased by about USD 53 billion, according to data.

Foreign exchange reserves, or FX reserves, are assets held by a nation’s central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.

The RBI often intervenes by managing liquidity, including selling dollars, to prevent steep depreciation of the rupee. The RBI strategically buys dollars when the Rupee is strong and sells when it weakens.