India’s primary market is set for a busy week ahead, with three mainboard IPOs collectively looking to raise Rs 4,063 crore. The line-up includes renewable energy player Clean Max Enviro Energy Solutions, jewellery retailer PNGS Reva Diamond Jewellery and engineering solutions provider Omnitech Engineering. Alongside them, multiple SME issues will also hit the market.

The combined mainboard and SME fundraising will be close to Rs 4,300 crore in the next week. This will test investor appetite at a time when markets remain selective and sector-specific.

Clean Max Enviro Energy Solutions IPO

The largest issue of the week is Clean Max Enviro Energy Solutions, which is aiming to raise Rs 3,100 crore through a combination of a Rs 1,200 crore fresh issue and a Rs 1,900 crore offer for sale. The IPO opens on February 23 and closes on February 25.The price band is set at Rs 1,000 to Rs 1,053 per share. Shares are scheduled to list on March 2 on the BSE and NSE. In the grey market, the GMP is muted at just close to 1% over the IPO price.

Clean Max is India’s largest commercial and industrial renewable energy provider as of March 2025, according to a CRISIL report. As of July 2025, it had 2.54 GW of operational, owned and managed capacity, along with 2.53 GW under execution.
The company sells renewable power under long-term power purchase agreements and energy attribute purchase agreements. It also provides EPC, operations and maintenance services, along with carbon credit solutions.
Financially, the company reported total income of Rs 1,610 crore in FY25 with profit after tax of Rs 19.43 crore. Axis Capital is the book running lead manager.
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PNGS Reva Diamond Jewellery IPO

PNGS Reva Diamond Jewellery plans to raise Rs 380 crore through a fully fresh issue. The IPO opens on February 24 and closes on February 26. The price band has been fixed at Rs 367 to Rs 386 per share, with listing expected on March 4. The shares are commanding a moderate premium of 4% in the grey market.

The company operates under the brand “Reva” and offers diamond and precious stone jewellery set in gold and platinum. As of September 2025, it operated 34 stores across 25 cities in Maharashtra, Gujarat and Karnataka under FOCO, FOFO and COCO models.

For FY25, PNGS Reva reported total income of Rs 259.11 crore and profit after tax of Rs 59.47 crore. The IPO has a heavy institutional skew, with not less than 75% of the net issue reserved for QIBs. Smart Horizon Capital Advisors is the lead manager.

Omnitech Engineering IPO

Omnitech Engineering is looking to raise Rs 583 crore via a mix of Rs 418 crore fresh issue and Rs 165 crore offer for sale. The issue opens on February 25 and closes on February 27. The price band is Rs 216 to Rs 227 per share, with listing scheduled for March 5.

The company manufactures precision-engineered components and provides turnkey industrial automation and mechanical systems across sectors such as automotive, aerospace, pharmaceuticals and general manufacturing.

Omnitech operates three manufacturing facilities in Gujarat and had 1,807 permanent employees as of September 30, 2025. In FY25, the company reported total income of Rs 349.71 crore and profit after tax of Rs 43.87 crore.

Proceeds from the fresh issue will be used for debt repayment of Rs 50 crore, setting up new projects across two facilities, capital expenditure at an existing facility and general corporate purposes. Equirus Capital is the book running lead manager.

SME IPOs also lined up

Alongside the mainboard offerings, six SME IPOs are scheduled next week. Shree Ram Twistex is set to raise Rs 110.24 crore and will open between February 23 and February 25. Kiaasa Retail plans to raise Rs 69.72 crore on the BSE SME platform during the same window. Accord Transformer and Switchgear, with an issue size of Rs 25.59 crore, and Mobilise App Lab, aiming to raise Rs 20.10 crore, are also scheduled to open on February 23.

Striders Impex will open on February 26 to raise Rs 36.29 crore on NSE SME, while Yaap Digital is also expected to hit the SME platform.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Humanoid robots showcased their capabilities at China’s Spring Festival Gala by performing acrobatic dances and kung fu routines. The event highlighted advances in robotic technology, with these humanoids captivating audiences through their impressive agility and coordinated movements during the cultural celebration.

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Humanoid robots have recently captured the attention at the Spring Festival Gala, China’s most celebrated annual event. Marking a significant technological milestone, these robots showcased advanced artificial intelligence and interactive abilities, surprising viewers with their lifelike movements and conversational skills. Their presence symbolizes China’s rapid progress in robotics and futuristic innovation, highlighting the nation’s commitment to integrating technology into cultural celebrations.

During the gala, humanoid robots performed singing, dancing, and even engaging in dialogues with hosts, demonstrating the blend of entertainment and science. Their smooth coordination and expressive gestures impressed audiences worldwide, earning widespread admiration. Such displays of robotic prowess not only entertain but also promote interest in STEM fields among the younger generation.

The appearance of humanoid robots at the Spring Festival Gala signals a new era of technological integration in entertainment and daily life. Experts believe these innovations will pave the way for smarter cities, healthcare, and service industries. As China leads in robotics development, the event underlines the transformative potential of AI-powered humanoid robots in shaping the future.

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Brent crude prices rose in late-day short-covering on Friday as investors worried about U.S. military action, as President Donald Trump presses the Islamic Republic to halt nuclear weapon development. Brent crude futures settled at $71.76 a barrel, up 10 cents, 0.14%. U.S. West Texas Intermediate crude finished at $66.39 a barrel, down 4 cents, 0.06%.

For ‌most of Friday, ⁠Brent ⁠and WTI were down, with the market awaiting developments in the struggle between Iran and the U.S. “We’re caught in between anticipation what’s going to happen with the U.S. and Iran and denial an attack’s going to happen,” said Phil Flynn, senior analyst with Price Futures Group.

The oil market shrugged off a U.S. Supreme Court decision ruling unconstitutional Trump’s use of a law to levy tariffs in national emergencies, Flynn said.

“The tariffs decision didn’t seem to move us too much,” he said. “I think there is a sense the tariffs are going to get done another way.” Over the week, Brent ⁠and WTI ‌were both up more than 5%.

Trump said this week that “bad things” would happen to Iran if there was not a deal to end the Islamic Republic’s development of nuclear weapons.

Iran’s foreign minister said ⁠on Friday he expected to have a draft counterproposal ready within days following nuclear talks this week as Trump said he was considering limited military strikes.

BETTING ON HIGHER PRICES

Iran, a major oil producer, lies opposite the oil-rich Arabian Peninsula across the Strait of Hormuz, through which about 20% of global oil supply passes. Conflict in the area could limit oil entering the global market and push up prices.
“We’re waiting for a potential binary outcome, if we should take Trump’s words at face value,” said Ole Hansen, head of commodity strategy at Saxo Bank. “The market is nervous, it’s going to be a wait-and-see day.”

Traders and ‌investors ramped up purchases of call options on Brent crude in recent days, betting on higher prices, Saxo Bank analysis shows.

Also supporting oil were reports of falling crude stocks and limited exports in the world’s biggest oil-producing and exporting countries.

U.S. crude inventories ⁠dropped by 9 million barrels as refining utilisation and exports climbed, an Energy Information Administration report showed on Thursday. Markets were also considering the impact of ample supply, with talks of OPEC+ leaning towards a resumption in oil output increases from April.

The oil surplus that was evident in the second half of 2025 continued in January and is likely to persist, JP Morgan analysts Natasha Kaneva and Lyuba Savinova said in a note.

“Our balances continue to project sizeable surpluses later this year,” they said, adding that output cuts of 2 million barrels per day would be needed to prevent excess inventory builds in 2027.

Oil prices climbed and the Dow Jones Industrial Average fell more than 260 points Thursday, with investors monitoring the U.S. military buildup in the Middle East ahead of a possible strike on Iran.

The regional deployment of U.S. aircraft and naval ships raises the risk the U.S. could attack Iran’s nuclear program or missile stockpile, or try to topple its regime. Analysts say Iran could close the world’s busiest oil thoroughfare, the Strait of Hormuz, which sees roughly 20 million barrels of petroleum running through it daily, equivalent to almost a fifth of global oil demand.

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