IPO Frenzy Next Week: 10 New Public Issues To Go Live On Dalal Street; 11 Listings On The Table

The primary market is poised for a bustling week ahead, with a flurry of activity featuring ten new initial public offerings (IPOs) and eleven new listings. Investors have a lot to look forward to as both the mainboard and small and medium enterprise (SME) segments gear up for significant movements. This surge follows the successful public offerings of DEE Development Engineers and Akme Fintrade last week, which garnered substantial interest with overall subscriptions reaching 99 times and 55 times, respectively.

Upcoming IPOs to Watch

Allied Blenders and Distillers IPO

The Allied Blenders and Distillers IPO is scheduled to open on June 25 and close on June 27. This book-built issue aims to raise Rs 1,500 crore, consisting of a fresh issue of 3.56 crore shares worth Rs 1,000 crore and an offer for sale of 1.78 crore shares amounting to Rs 500 crore. The price band is set between Rs 267 and Rs 281 per share. ICICI Securities Limited, Nuvama Wealth Management Limited, and Iti Capital Ltd are the book-running lead managers, while Link Intime India Private Ltd will serve as the registrar.

Vraj Iron and Steel IPO

Opening for subscription on June 26 and closing on June 28, the Vraj Iron and Steel IPO is a book-built issue amounting to Rs 171 crore, consisting entirely of a fresh issue of 0.83 crore shares. The price band for this IPO is set at Rs 195 to Rs 207 per share. Aryaman Financial Services Limited is the lead manager, with Bigshare Services Pvt Ltd as the registrar.

Stanley Lifestyles IPO

The Stanley Lifestyles IPO, which began on June 21, will close on June 25. This Rs 537 crore book-built issue includes a fresh issue of 0.54 crore shares worth Rs 200 crore and an offer for sale of 0.91 crore shares amounting to Rs 337 crore. The price band is set between Rs 351 and Rs 369 per share. The book-running lead managers are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited, with Kfin Technologies Limited as the registrar.

Shivalic Power Control IPO

Opening on June 24 and closing on June 26, the Shivalic Power Control IPO is a book-built issue worth Rs 64.32 crore, consisting entirely of 64.32 lakh fresh shares. The price band is set at Rs 95 to Rs 100 per share. Corporate Capital Ventures Pvt Ltd is the lead manager, with Skyline Financial Services Private Ltd as the registrar. Ss Corporate Securities will serve as the market maker.

Sylvan Plyboard IPO

The Sylvan Plyboard IPO, open from June 24 to June 26, is a fixed price issue totalling Rs 28.05 crore, comprising 51 lakh fresh shares priced at Rs 55 per share. Finshore Management Services Limited is the lead manager, and Bigshare Services Pvt Ltd is the registrar. Black Fox Financial will act as the market maker.

Mason Infratech IPO

Mason Infratech IPO will be open from June 24 to June 26. This SME IPO is a book-built issue amounting to Rs 30.46 crore, with a price band set at Rs 62 to Rs 64 per share. Expert Global Consultants Private Limited is the lead manager, Kfin Technologies Limited the registrar, and Globalworth Securities the market maker.

Visaman Global Sales IPO

Scheduled to open on June 24 and close on June 26, the Visaman Global Sales IPO is a fixed-price offering of Rs 16.05 crore, comprising 37.32 lakh fresh shares priced at Rs 43 per share. Shreni Shares Limited is the lead manager and registrar, also acting as the market maker.

Akiko Global Services IPO

Opening on June 25 and closing on June 27, the Akiko Global Services IPO is a book-built issue of Rs 23.11 crore, with a price band of Rs 73 to Rs 77 per share. Fast Track Finsec Pvt Ltd is the lead manager, Skyline Financial Services Private Ltd the registrar, and Nikunj Stock Brokers the market maker.

Divine Power Energy IPO

The Divine Power Energy IPO will open for subscription from June 25 to June 27. This book-built issue totals Rs 22.76 crore, with a price band set between Rs 36 and Rs 40 per share. Khambatta Securities Limited is the lead manager, Bigshare Services Pvt Ltd the registrar, and Nikunj Stock Brokers the market maker.

Petro Carbon and Chemicals IPO

Petro Carbon and Chemicals IPO, opening on June 25 and closing on June 27, is a book-built issue worth Rs 113.16 crore, entirely an offer for sale of 66.18 lakh shares. The price band is Rs 162 to Rs 171 per share. GYR Capital Advisors Private Limited is the lead manager, Bigshare Services Pvt Ltd the registrar, and Giriraj Stock Broking the market maker.

Diensten Tech IPO

The Diensten Tech IPO will be open from June 26 to June 28. This book-built issue is worth Rs 22.08 crore, consisting entirely of a fresh issue of 22.08 lakh shares. The price band is set at Rs 95 to Rs 100 per share. Corporate Professionals Capital Private Ltd is the lead manager, Kfin Technologies Limited the registrar, and Share India Securities the market maker.

New Listings on the Horizon

The primary market will not only see new IPOs but also a series of listings next week, highlighting a vibrant period for investors.

DEE Development Engineers IPO: The allotment for the DEE Development Engineers IPO will be finalized on June 24, 2024. The IPO will list on BSE and NSE on June 26, 2024.

Akme Fintrade India IPO: The allotment for the Akme Fintrade India IPO will be finalized on June 24, 2024, with the listing on BSE and NSE on June 26, 2024.

Stanley Lifestyles IPO: The allotment for the Stanley Lifestyles IPO will be finalized on June 26, 2024, and the listing on BSE and NSE is set for June 28, 2024.

United Cotfab IPO: The allotment for the United Cotfab IPO was finalized on June 20, 2024. The IPO will list on BSE SME on June 24, 2024.

GP Eco Solutions India IPO: The allotment for GP Eco Solutions India IPO was finalized on June 20, 2024. The IPO will list on NSE SME on June 24, 2024.

Falcon Technoprojects India IPO: The allotment for the Falcon Technoprojects India IPO will be finalized on June 24, 2024, with the listing on NSE SME set for June 26, 2024.

Durlax Top Surface IPO: The allotment for the Durlax Top Surface IPO will be finalized on June 24, 2024, and it will list on NSE SME on June 26, 2024.

GEM Enviro Management IPO: The allotment for the GEM Enviro Management IPO will be finalized on June 24, 2024, with the listing on BSE SME on June 26, 2024.

Winny Immigration and Education Services IPO: The allotment for the Winny Immigration and Education Services IPO will be finalized on June 25, 2024. The IPO will list on NSE SME on June 27, 2024.

Dindigul Farm Product IPO: The allotment for the Dindigul Farm Product IPO will be finalized on June 25, 2024, with the listing on BSE SME on June 27, 2024.

Medicamen Organics IPO: The allotment for the Medicamen Organics IPO will be finalized on June 26, 2024, and it will list on NSE SME on June 28, 2024.

With ten new IPOs and eleven listings, the coming week promises a vibrant and dynamic primary market environment. Investors can expect a wide range of options across various sectors, from industrial manufacturing to financial services and consumer goods. This busy schedule reflects the underlying confidence in the market and a robust pipeline of companies seeking to leverage public investment to fuel their growth.

The strong investor response to recent offerings, such as DEE Development Engineers and Akme Fintrade, underscores the potential for robust participation in the upcoming IPOs. As companies navigate through the subscription phases, the market's pulse will be closely monitored by analysts and investors alike.