IPO calendar: 5 IPOs opening for subscription to keep investors busy; SBI Funds among 4 listings scheduled

The IPO market enters a busy week with five issues opening for subscription, including two mainboard offerings. Xtranet Technologies will open a Rs 166.8 crore mainboard IPO on July 23 at a price band of Rs 120-127, while Cube Highways Trust InvIT will open a Rs 5,000 crore issue on July 22. SBI Funds Management's Rs 9,813 crore IPO was subscribed over 40 times with a grey market premium of around 16%, signalling a positive listing, alongside three SME IPOs from Shree Balaji Mala Textiles, Metalic Technoforge, and Gulf Lloyds India.