Upcoming IPOs: Nine Public Issues and One New Listing Scheduled for Next Week
Upcoming IPOs: The primary market is gearing up for a bustling week ahead with nine new initial public offerings (IPOs) and one new listing on the horizon. This surge comes on the heels of the recent Lok Sabha elections, signaling a rejuvenated investor confidence. The IPO landscape is vibrant, with 24 companies lined up to collectively raise over ₹30,000 crore in the coming months. Let’s dive into the details of the upcoming IPOs set to open for subscription next week and understand what they bring to the table.
Current Market Scenario
The political climate often casts a long shadow over the stock market, and the recent Lok Sabha elections were no exception. However, with the election results now settled and the Modi government returning to power, investor sentiment has received a significant boost. According to Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd., India has emerged as the second-largest IPO market globally, reflecting robust growth and confidence.
Upcoming IPOs Overview
The upcoming week will witness the launch of nine IPOs across various sectors, each offering unique opportunities for investors. These IPOs include:
- DEE Piping Systems IPO
- Akme Fintrade India (Aasaan Loans IPO)
- Stanley Lifestyles IPO
- GEM Enviro IPO
- Durlax Top Surface IPO
- Falcon Technoprojects India IPO
- EnNutrica IPO
- Winny Immigration IPO
- Medicamen Organics IPO
Detailed Analysis of Each IPO
DEE Piping Systems IPO
Subscription Dates: June 19, 2024 – June 21, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹418.01 crores
- Fresh Issue: 1.6 crore shares (₹325 crores)
- Offer for Sale: 0.46 crore shares (₹93.01 crores)
- Price Band: ₹193 – ₹203 per share
Key Stakeholders:
- Book Running Lead Managers: SBI Capital Markets Limited, Equirus Capital Private Limited
- Registrar: Link Intime India Private Ltd
Akme Fintrade India (Aasaan Loans IPO)
Subscription Dates: June 19, 2024 – June 21, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹132 crores
- Fresh Issue: 1.1 crore shares
- Price Band: ₹114 – ₹120 per share
Key Stakeholders:
- Book Running Lead Manager: Gretex Corporate Services Limited
- Registrar: Bigshare Services Pvt Ltd
Stanley Lifestyles IPO
Subscription Dates: June 21, 2024 – June 25, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹537.02 crores
- Fresh Issue: 0.54 crore shares (₹200 crores)
- Offer for Sale: 0.91 crore shares (₹337.02 crores)
- Price Band: ₹351 – ₹369 per share
Key Stakeholders:
- Book Running Lead Managers: Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, SBI Capital Markets Limited
- Registrar: Kfin Technologies Limited
GEM Enviro IPO
Subscription Dates: June 19, 2024 – June 21, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹44.93 crores
- Fresh Issue: 14.98 lakh shares (₹11.23 crores)
- Offer for Sale: 44.93 lakh shares (₹33.70 crores)
- Price Band: ₹71 – ₹75 per share
Key Stakeholders:
- Book Running Lead Managers: Share India Capital Services Private Limited, Fintellectual Corporate Advisors Private Limited
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Share India Securities
Durlax Top Surface IPO
Subscription Dates: June 19, 2024 – June 21, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹40.80 crores
- Fresh Issue: 42 lakh shares (₹28.56 crores)
- Offer for Sale: 18 lakh shares (₹12.24 crores)
- Price Band: ₹65 – ₹68 per share
Key Stakeholders:
- Book Running Lead Manager: Expert Global Consultants Private Limited
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Globalworth Securities
Falcon Technoprojects India IPO
Subscription Dates: June 19, 2024 – June 21, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹13.69 crores
- Fresh Issue: 14.88 lakh shares
- Fixed Price: ₹92 per share
Key Stakeholders:
- Book Running Lead Manager: Kunvarji Finstock Pvt Ltd
- Registrar: Kfin Technologies Limited
- Market Maker: Nikunj Stock Brokers
EnNutrica IPO
Subscription Dates: June 20, 2024 – June 24, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹34.83 crores
- Fresh Issue: 64.5 lakh shares
- Price Band: ₹51 – ₹54 per share
Key Stakeholders:
- Book Running Lead Manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Link Intime India Private Ltd
- Market Maker: Spread X Securities
Winny Immigration IPO
Subscription Dates: June 20, 2024 – June 24, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹9.13 crores
- Fresh Issue: 6.52 lakh shares
- Fixed Price: ₹140 per share
Key Stakeholders:
- Book Running Lead Manager: Interactive Financial Services Ltd
- Registrar: Bigshare Services Pvt Ltd
- Market Maker: Beeline Broking
Medicamen Organics IPO
Subscription Dates: June 21, 2024 – June 25, 2024
Financial Details and Price Band:
- Total Issue Amount: ₹10.54 crores
- Fresh Issue: 31 lakh shares
- Price Band: ₹32 – ₹34 per share
Key Stakeholders:
- Book Running Lead Manager: GYR Capital Advisors Private Limited
- Registrar: Kfin Technologies Limited
New Listing: ixigo IPO
The ixigo IPO, which raised over ₹740.10 crore at the upper price band, received a robust response from investors. The allotment for the ixigo IPO was completed on June 13, 2024, and it is scheduled to be listed on both the BSE and NSE on June 18, 2024. This listing is eagerly anticipated by the market, with high expectations for its performance.
Read more: Upcoming IPOs: A Surge of New Public Issues and Listings in the Market
Conclusion
The upcoming week is set to be an exciting period for the primary market with nine Upcoming IPOs and one new listing. These IPOs span various industries, offering diverse investment opportunities. With strong investor confidence post-elections, the market is poised for significant activity. Investors should carefully evaluate each IPO, considering their financial details and market potential, to make informed decisions.
FAQs
1. What is an IPO? An IPO, or Initial Public Offering, is the process through which a private company offers shares to the public for the first time to raise capital.
2. How can investors apply for these IPOs? Investors can apply for IPOs through their stockbrokers or via online platforms provided by depository participants (DPs) like NSDL or CDSL.
3. What factors should investors consider before investing in an IPO? Investors should consider the company’s financial health, market position, future growth potential, and the credibility of its promoters before investing in an IPO.
4. How are IPOs priced? IPOs are typically priced through a book-building process where investors bid for shares within a specified price range, or through a fixed price offering.
5. What is the significance of the price band in an IPO? The price band sets the minimum and maximum price at which investors can bid for shares. It helps the company gauge investor interest and determine the final issue price.
