Busy Week Ahead for Primary Market with Multiple IPO Launches and Listings
The upcoming week promises a flurry of activity in India’s primary market as ten new companies prepare to launch their Initial Public Offerings (IPOs), with a notable presence in both the mainboard segment and the Small and Medium Enterprise (SME) sector.
Robust Investor Response to Recent Offerings
Last week, DEE Development Engineers and Akme Fintrade garnered substantial investor interest, achieving subscription levels of 99 times and 55 times, respectively.
Optimistic Outlook for India’s IPO Market
Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd., expressed optimism about the IPO market’s prospects in India, citing a strong domestic economy, a thriving stock market, and increased participation from retail investors.
Upcoming IPOs Open for Subscription
Allied Blenders and Distillers IPO
- Opens: June 25, Closes: June 27
- Issue Size: ₹1,500 crore
- Price Band: ₹267 to ₹281 per share
Vraj Iron and Steel IPO
- Opens: June 26, Closes: June 28
- Issue Size: ₹171 crore
- Price Band: ₹195 to ₹207 per share
Stanley Lifestyles IPO
- Opened: June 21, Closes: June 25
- Issue Size: ₹537 crore
- Price Band: ₹351 to ₹369 per share
Shivalic Power Control IPO
- Opens: June 24, Closes: June 26
- Issue Size: ₹64.32 crore
- Price Band: ₹95 to ₹100 per share
Sylvan Plyboard IPO
- Opens: June 24, Closes: June 26
- Issue Size: ₹28.05 crore
- Price: ₹55 per share
Mason Infratech IPO
- Opens: June 24, Closes: June 26
- Issue Size: ₹30.46 crore
- Price Band: ₹62 to ₹64 per share
Visaman Global Sales IPO
- Opens: June 24, Closes: June 26
- Issue Size: ₹16.05 crore
- Price: ₹43 per share
Akiko Global Services IPO
- Opens: June 25, Closes: June 27
- Issue Size: ₹23.11 crore
- Price Band: ₹73 to ₹77 per share
Divine Power Energy IPO
- Opens: June 25, Closes: June 27
- Issue Size: ₹22.76 crore
- Price Band: ₹36 to ₹40 per share
Petro Carbon and Chemicals IPO
- Opens: June 25, Closes: June 27
- Issue Size: ₹113.16 crore
- Price Band: ₹162 to ₹171 per share
Diensten Tech IPO
- Opens: June 26, Closes: June 28
- Issue Size: ₹22.08 crore
- Price Band: ₹95 to ₹100 per share
New Listings
The week will also witness 11 new listings, adding to the market’s dynamism and providing opportunities for investors to engage with newly listed companies across various sectors.
Conclusion
The upcoming week in India’s primary market promises an active period with multiple IPO launches and new listings, reflecting strong investor interest amid favorable economic conditions and market sentiment.
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