Next week will see 9 new IPOs (Initial Public Offerings), according to a Mint report.
Around 24 companies are in-line to launch IPOs (Initial Public Offerings) in the next few months to collectively raise over ₹30,000 crore, Mahavir Lunawat, Managing Director of Pantomath Capital Advisors, a leading mid-market investment bank told Mint.
“With election results settled, our analysts predict the IPO wave will gain further momentum in the coming months,” Lunawat told Mint. “We witness strong investor confidence in the market post-elections with the Modi government returning to power.”
Last week saw Ixigo’s IPO raising over ₹740 crore, receiving a healthy response from investors, according to the article. India is the second-largest IPO market in the world.
Here’s a list of IPOs coming next week, according to the Mint report:
DEE Piping Systems
DEE Piping Systems’ IPO opens for subscription on June 19, 2024 and closes on June 21, 2024. The IPO is a book-built issue amounting to ₹418.01 crores. The offering comprises a fresh issue of 1.6 crore shares totaling ₹325 crores and an offer for sale of 0.46 crore shares amounting to ₹93.01 crores.
The price band for the DEE Piping Systems IPO is set between ₹193 and ₹203 per share. SBI Capital Markets Limited and Equirus Capital Private Limited are serving as the book-running lead managers for the IPO, with Link Intime India Private Ltd acting as the registrar for the issue.
Akme Fintrade India (Aasaan Loans)
Aasaan Loans IPO to open for subscription on June 19, 2024 and close on June 21, 2024. The IPO is a book-built issue amounting to ₹132 crores. The offering consists entirely of a fresh issue of 1.1 crore shares.
The Aasaan Loans IPO price band has been set between ₹114 and ₹120 per share. Gretex Corporate Services Limited is serving as the book running lead manager, while Bigshare Services Pvt Ltd is the registrar for the issue.
Stanley Lifestyles IPO
The Stanley Lifestyles IPO will open for subscription on June 21, 2024, and close on June 25, 2024. This IPO is a book-built issue valued at ₹537.02 crores. It includes a fresh issue of 0.54 crore shares totaling ₹200 crores, and an offer for sale of 0.91 crore shares amounting to ₹337.02 crores.
The price band for Stanley Lifestyles’ IPO has been set at ₹351 to ₹369 per share. The book running lead managers for the IPO are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited. Kfin Technologies Limited will serve as the registrar for the issue.
GEM Enviro IPO
The GEM Enviro IPO will be open for subscription from June 19, 2024, to June 21, 2024. This book-built issue aims to raise ₹44.93 crores. The IPO comprises a fresh issue of 14.98 lakh shares, amounting to ₹11.23 crores, and an offer for sale of 44.93 lakh shares, totaling ₹33.70 crores.
The price band of the IPO is set at ₹71 to ₹75 per share. Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers for the IPO, with Skyline Financial Services Private Ltd serving as the registrar. Share India Securities is the market maker for the GEM Enviro IPO.
Durlax Top Surface IPO
The Durlax Top Surface IPO will open for subscription on June 19, 2024, and close on June 21, 2024. This book-built issue amounts to ₹40.80 crores. The IPO consists of a fresh issue of 42 lakh shares, totaling ₹28.56 crores, and an offer for sale of 18 lakh shares, amounting to ₹12.24 crores.
The price band for the Durlax Top Surface IPO is fixed at ₹65 to ₹68 per share. Expert Global Consultants Private Limited serves as the book running lead manager for the IPO, with Bigshare Services Pvt Ltd appointed as the registrar. Globalworth Securities acts as the market maker for the Durlax Top Surface IPO.
Falcon Technoprojects India IPO
The Falcon Technoprojects India IPO will be open for subscription from June 19, 2024, to June 21, 2024. It comprises a fixed price issue totaling ₹13.69 crores, with the entire issue consisting of 14.88 lakh fresh shares.
The IPO price of Falcon Technoprojects India is set at ₹92 per share. Kunvarji Finstock Pvt Ltd is the book running lead manager for the IPO, with Kfin Technologies Limited serving as the registrar. Nikunj Stock Brokers has been appointed as the market maker for the Falcon Technoprojects India IPO.
EnNutrica IPO
The EnNutrica IPO will be open for subscription from June 20, 2024, to June 24, 2024. It involves a book-built issue of ₹34.83 crores, consisting entirely of a fresh issue of 64.5 lakh shares.
The price band for the EnNutrica IPO has been fixed at ₹51 to ₹54 per share. Beeline Capital Advisors Pvt Ltd is the book running lead manager, with Link Intime India Private Ltd serving as the registrar for the issue. Spread X Securities has been appointed as the market maker for the EnNutrica IPO.
Winny Immigration IPO
The Winny Immigration IPO will be open for subscription from June 20, 2024, to June 24, 2024. It involves a fixed price issue totaling ₹9.13 crores, comprising solely of 6.52 lakh fresh shares.
The IPO price is set at ₹140 per share. Interactive Financial Services Ltd acts as the book running lead manager for the Winny Immigration IPO, with Bigshare Services Pvt Ltd appointed as the registrar for the issue. Beeline Broking serves as the market maker for the Winny Immigration IPO.
Medicamen Organics IPO
The Medicamen Organics IPO will be open for subscription from June 21, 2024, to June 25, 2024. It involves a book-built issue amounting to ₹10.54 crores, entirely comprising a fresh issue of 31 lakh shares.
The price range for the Medicamen Organics IPO has been fixed at ₹32 to ₹34 per share. GYR Capital Advisors Private Limited is the book running lead manager for the IPO, and Kfin Technologies Limited is the registrar handling the issue.
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