IPO Calendar Next Week (June 23–27): Cordelia Cruises, CSM Technologies, Turtlemint & More: Check Full List

The IPO season is ongoing in full swing and multiple ipo activity is lined up for next week. Two mainboard IPOs opening for subscription, one mainboard issue closing, a handful of SME issues in play, and three companies debuting on the exchanges. Lets find out the full list of all IPO activity in the week beginning June 23rd.

Turtlemint Fintech Solutions IPO Closing on June 23

The week opens with the subscription window for Turtlemint Fintech Solutions closing on Monday, June 23. The Rs. 882.67 crore insurtech IPO, priced at Rs. 144 -Rs. 152 per share, has seen a muted response so far. The grey market premium (GMP) is hovering around Rs .2-Rs. 2.25 per share, hinting at marginal listing gains of around 1%.

Turtlemint is a leading insurance distribution platform founded in 2015. The company's revenue from operations surged to Rs.662.71 crore in FY25 from ₹78.64 crore in FY24, but it is currently loss-making, reporting a net loss of Rs. 194.11 crore in FY25. Allotment is expected on June 24, and the stock is set to list on BSE and NSE on June 29.

Waterways Leisure Tourism (Cordelia Cruises) IPO Opens June 23

The headline IPO of the week is the Rs. 585 crore mainboard issue from Waterways Leisure Tourism, parent company of Cordelia Cruises. The price band is set at Rs. 769-Rs.808 per share, with a lot size of 18 shares and a minimum retail investment of Rs. 14,544.

As per the Investorgain website, the GMP is currently at Rs. 28-Rs. 30, suggesting a potential listing price of around Rs. 836 per share and gains of approximately 3%. The issue is entirely a fresh issue with no offer-for-sale component. Allotment is expected on June 29, and shares will list on July 1.

CSM Technologies IPO Opens June 24

Bhubaneswar-based IT company CSM Technologies will open its mainboard IPO for subscription on June 24, with the issue closing on June 29. The Rs. 145.78 crore issue is priced at Rs .107-Rs. 113 per share, with a lot size of 132 shares and a minimum retail investment of Rs. 14,916. The issue is entirely a fresh issue with no OFS component. Founded in 1998, CSM Technologies specialises in GovTech and digital transformation, serving government and enterprise clients across sectors including mining, agriculture, healthcare, education, and citizen services. Allotment of the shares is expected on June 30, and listing on BSE and NSE is set for July 2.

SME IPOs To Watch

On the SME front, Jivial Industries opens for subscription from June 23 to June 25 and is set to list on BSE SME on July 1. Dhanwel Hybrid Seeds, priced at Rs. 95-Rs. 99 per share, opens from June 24 to June 29 and lists on July 2.
Listings This Week

Three companies are going to make their stock exchange debuts on Tuesday, June 24 which includes, Leapfrog Engineering Services IPO, Diksha Polymers IPO and Clay Craft India (Rs. 193-Rs.203). All three were SME issues that closed last week.