As the fiscal year 2026-27 kicks off, the Indian IPO market is witnessing a shift toward specialized industrial and yield-based assets. This week is headlined by the Safety Controls & Devices Ltd (SCDL) SME IPO opening on April 6, followed by the highly anticipated PropShare Celestia REIT on April 10. While Mainboard equity remains quiet, these launches offer a diverse palette for investors, ranging from industrial safety manufacturing to Grade-A commercial real estate.