After a subdued period owing to the Lok Sabha elections, the primary market is gearing up for a significant revival. The upcoming week is poised to be busy with the opening of nine new initial public offerings (IPOs) and the debut of one new listing.
This resurgence follows a week marked by the successful IPO of Ixigo, which raised over ₹740.10 crore at the upper price band. The offering saw a robust response from investors, signaling renewed investor interest and market optimism.
Here are the IPOs which will open for subscription this week –
DEE Piping Systems IPO
DEE Piping Systems is set to open its initial public offering (IPO) for subscription from June 19, 2024, to June 21, 2024. The IPO is a book-built issue totaling Rs 418.01 crores. The offering includes a fresh issue of 1.6 crore shares, amounting to Rs 325 crores, and an offer for sale of 0.46 crore shares, totaling Rs 93.01 crores.
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The DEE Piping Systems initial public offering (IPO) has set its price band between Rs 193 and Rs 203 per share. SBI Capital Markets Limited and Equirus Capital Private Limited are serving as the book-running lead managers for the IPO, while Link Intime India Private Ltd will act as the registrar for the issue.
Akme Fintrade India (Aasaan Loans IPO)
Aasaan Loans’ initial public offering (IPO) is scheduled to open for subscription on June 19, 2024, and close on June 21, 2024. This book-built issue aims to raise Rs 132 crores through a fresh issue of 1.1 crore shares. The offering marks a significant milestone for Aasaan Loans as it seeks to expand its operations and enhance its market presence.
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The Aasaan Loans initial public offering (IPO) has set its price band between Rs 114 and Rs 120 per share. Gretex Corporate Services Limited is acting as the book-running lead manager for the offering, with Bigshare Services Pvt Ltd serving as the registrar.
GEM Enviro IPO
GEM Enviro’s initial public offering (IPO) will be available for subscription from June 19 to June 21, 2024. This book-built issue aims to raise Rs 44.93 crores. The IPO includes a fresh issue of 14.98 lakh shares, amounting to Rs 11.23 crores, and an offer for sale of 44.93 lakh shares, totaling R 33.70 crores.
The GEM Enviro initial public offering (IPO) has set its price band between Rs 71 and Rs 75 per share. Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers for the offering, while Skyline Financial Services Private Ltd will act as the registrar.
Durlax Top Surface IPO
The Durlax Top Surface initial public offering (IPO) is set to open for subscription from June 19 to June 21, 2024. This book-built issue aims to raise Rs 40.80 crores. The IPO comprises a fresh issue of 42 lakh shares, totaling Rs 28.56 crores, and an offer for sale of 18 lakh shares, amounting to Rs 12.24 crores.
The Durlax Top Surface initial public offering (IPO) has set its price band between Rs 65 and Rs 68 per share. Expert Global Consultants Private Limited is serving as the book-running lead manager, with Bigshare Services Pvt Ltd appointed as the registrar. Globalworth Securities will act as the market maker for the Durlax Top Surface IPO.
Falcon Technoprojects India IPO
The Falcon Technoprojects India initial public offering (IPO) will be open for subscription from June 19 to June 21, 2024. This fixed price issue aims to raise Rs 13.69 crores through the issuance of 14.88 lakh fresh shares.
Falcon Technoprojects India has fixed the price of its initial public offering (IPO) at Rs 92 per share. Kunvarji Finstock Pvt Ltd has been appointed as the book running lead manager for the IPO, overseeing the process of bringing the company to the public markets.
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Kfin Technologies Limited will serve as the registrar, managing the administrative aspects of the IPO, including handling investor queries and refunds. Nikunj Stock Brokers has been designated as the market maker for the Falcon Technoprojects India IPO.
EnNutrica IPO
EnNutrica’s initial public offering (IPO) is scheduled to open for subscription from June 20 to June 24, 2024. This book-built issue aims to raise Rs 34.83 crores through a fresh issue of 64.5 lakh shares.
The EnNutrica initial public offering (IPO) has established a price band of Rs 51 to Rs 54 per share. This IPO is managed by Beeline Capital Advisors Pvt Ltd as the book running lead manager.
Link Intime India Private Ltd has been appointed as the registrar for the issue, managing the administrative aspects including investor services and refunds. Spread X Securities has been designated as the market maker for the EnNutrica IPO
Winny Immigration IPO
The Winny Immigration initial public offering (IPO) is set to open for subscription from June 20 to June 24, 2024. This fixed price issue aims to raise Rs 9.13 crores through the issuance of 6.52 lakh fresh shares.
Winny Immigration has fixed the price of its initial public offering (IPO) at Rs 140 per share. Interactive Financial Services Ltd is serving as the book running lead manager for the IPO, overseeing the process of bringing Winny Immigration to the public markets.
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Bigshare Services Pvt Ltd has been appointed as the registrar, responsible for managing the administrative aspects of the IPO, including investor services and refunds. Beeline Broking has been designated as the market maker for the Winny Immigration IPO, ensuring liquidity and market stability post-listing.
Stanley Lifestyles IPO
The Stanley Lifestyles initial public offering (IPO) will be available for subscription from June 21 to June 25, 2024. This book-built issue is valued at Rs 537.02 crores and comprises a fresh issue of 0.54 crore shares, raising Rs 200 crores, along with an offer for sale of 0.91 crore shares amounting to Rs 337.02 crores.
The price band for Stanley Lifestyles’ initial public offering (IPO) has been fixed at Rs 351 to Rs 369 per share. Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book running lead managers for the IPO.
Overseeing the process of bringing Stanley Lifestyles to the public markets. Kfin Technologies Limited has been appointed as the registrar for the issue, managing the administrative aspects including investor services and refunds.
Medicamen Organics IPO
The Medicamen Organics initial public offering (IPO) will be open for subscription from June 21 to June 25, 2024. This book-built issue amounts to Rs 10.54 crores and consists entirely of a fresh issue of 31 lakh shares.
The price range for the Medicamen Organics initial public offering (IPO) has been set at Rs 32 to Rs 34 per share. This IPO is managed by GYR Capital Advisors Private Limited as the book running lead manager. Kfin Technologies Limited has been appointed as the registrar for the issue, overseeing administrative tasks such as investor services and refunds.
New Listings next week –
ixigo IPO
The allotment process for the ixigo IPO was finalized on Thursday, June 13, 2024. Investors eagerly await the listing of ixigo’s shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), scheduled for June 18, 2024.
The Grey Market Premium (GMP) for the Ixigo IPO stands at Rs 23 With the IPO’s price band set at Rs 93.00, analysts estimate the IPO’s listing price to be around Rs 116. This suggests an expected percentage gain per share of 24.73%.
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