New IPOs Next Week: Kusumgar IPO, Laser Power IPO, Knack Packaging Allotment, Aastha Spintex Listing & More

Over the past few months, investor interest in IPO-bound companies has increased manifold, as some IPOs have given solid returns to investors who secured allotment.

More recently, the Advit Jewels IPO debuted with a strong 35% listing gain over issue price. Though it saw some profit-booking afterward, it's still trading well above issue price.

Several SME names also posted solid premiums during this window, taking SME IPOs' average listing gain to roughly 5.6% for the year so far, well ahead of the mainboard average of 1.7%.

Another week of high IPO activity is lined up, with major listings, allotments, and issue subscriptions opening. Here's the full list:

Kusumgar IPO Opens on July 8

The Kusumgar IPO will open for subscription on Tuesday, July 8, and close on Thursday, July 10. The public issue is a book-built offer worth Rs. 650 crore and consists entirely of an Offer for Sale (OFS) of 1.55 crore equity shares.

The company has fixed a price band of Rs. 398-Rs. 419 per share, with a lot size of 35 shares. Retail investors will need to invest a minimum of Rs. 14,665 at the upper end of the price band.
The basis of allotment is expected to be finalized on July 13, while the shares are likely to be listed on the NSE and BSE on July 15.
According to the latest market trends, the Grey Market Premium (GMP) stands at Rs. 165 as of July 5. So investors can expect a potential listing gain of nearly 39.4%, if the premium sustains until listing.

Laser Power & Infra IPO to Open on July 9

Another key public issue next week is the Laser Power & Infra IPO, which will open for bidding on July 9 and close on July 13.
The IPO aims to raise Rs. 742 crore. The allotment is expected to be finalized on July 14, while the shares are tentatively scheduled to debut on the NSE and BSE on July 16.

The company has not yet disclosed its price band.

Aastha Spintex IPO Listing on July 6

The next major IPO to keep an eye on is the Aastha Spintex IPO, which is scheduled to make its stock market debut on July 6.

The Rs. 170 crore IPO, comprising entirely a fresh issue, received an overall subscription of 5.05 times during the bidding period. The IPO was priced at Rs. 136 per share. As of July 5, the latest GMP stands at Rs. 4, suggesting an estimated listing price of around Rs. 140 per share hinting at a modest listing premium of approximately 2.9%.

Knack Packaging IPO Allotment and Listing

The Knack Packaging IPO, which closed for subscription on July 3, saw overwhelming investor demand across all categories.
The Rs. 439.5 crore issue, comprising a fresh issue of Rs. 380 crore and an Offer for Sale of Rs. 59.5 crore, was subscribed 87.17 times overall. The retail category was subscribed 21.09 times, while the QIB and NII portions were subscribed 160.22 times and 146.64 times, respectively.

The basis of allotment is expected to be finalized on July 6, while the company's shares are likely to list on the NSE and BSE on July 8.

The IPO was priced in the range of Rs .161-Rs. 170 per share. The latest Grey Market Premium is Rs. 20, indicating an estimated listing price of Rs. 190 per share and a potential listing gain of around 11.8%.