According to a report by Mint, nine new IPOs (initial public offerings) are expected to launch next week.
Approximately 24 companies are expected to launch IPOs (initial public offerings) in the coming months, bringing in a total of ₹30,000 crore, Mahavir Runawat, managing director at leading mid-market investment bank Pantomas Capital Advisors, told Mint.
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“With the election results now finalized, analysts expect the IPO boom to gain further momentum in the coming months,” Lunawat told Mint. “With the Modi government back in power, investor confidence in the market post-election has risen.”
Last week, Ixigo's IPO ₹According to the report, India has received positive response from investors with total IPO volume reaching Rs 7,400 crore. India is the second largest IPO market in the world.
As per the Mint report, here is the list of IPOs scheduled for next week:
DEE Piping System
DEE Piping Systems' IPO will open for subscription on June 19, 2024 and close on June 21, 2024. The IPO is a bookbuild offering. ₹418.01 crore. The offering comprises a total of 160 million fresh shares. ₹325 crore and the proposed sale of shares worth Rs 0.46 crore. ₹93.01 billion rupees.
The price range for the DEE Piping Systems IPO is: ₹193 and ₹203 per share. SBI Capital Markets Limited and Equirus Capital Private Limited are acting as lead managers for the IPO while Link Intime India Private Ltd is acting as the registrar for the issue.
Acme FinTrade India (Arthur Lawn)
Aasaan Loans' IPO will open for subscription on June 19, 2024 and close on June 21, 2024. The IPO is a bookbuild offering. ₹132 crores.The public offer will comprise of fresh issue of shares of 1.1 crores only.
The IPO price range of Aasaan Loans is ₹114 and ₹120 per share. Gretex Corporate Services Limited is acting as the lead manager and Bigshare Services Pvt Ltd is the registrar for the issue.
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Stanley Lifestyle IPO
The Stanley Lifestyle IPO will open for subscription on June 21, 2024 and close on June 25, 2024. The IPO is a bookbuild offering and has a market capitalization of ₹537.02 billion rupees, which includes fresh issue of a total of 0.54 million shares. ₹200 crores and the proposed sale of shares of 0.91 crores. ₹337.02 billion rupees.
What is the price range for Stanley Lifestyle's IPO? ₹From 351 ₹369 per share. The lead managers for the IPO are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited. Kfin Technologies Limited is acting as the registrar for the issue.
GEM Enviro IPO
The GEM Enviro IPO will be open from June 19, 2024 to June 21, 2024. The bookbuild offering is ₹44.93 billion. The IPO comprises of a fresh issue of 1.498 million shares. ₹11.23 crore, offering of 44.93 lakh shares, total ₹33.70 billion rupees.
The IPO price range is ₹From 71 ₹75 per share. Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are acting as book-running managers for the IPO while Skyline Financial Services Private Ltd is acting as registrar. Share India Securities is the market maker for the GEM Enviro IPO.
Dulux Top Surfaces IPO
The Dulux Top Surface IPO will open for subscription on June 19, 2024 and close on June 21, 2024. The bookbuild issue is ₹40.80 crore. The IPO comprises of a fresh issue of 420,000 shares, total ₹28.56 crore, proposed sale of 18 lakh shares, aggregate amount ₹12.24 billion rupees.
Durlax Top Surface IPO Price Range ₹From 65 ₹68 per share. Expert Global Consultants Private Limited is acting as the bookrunning lead manager for the IPO while Bigshare Services Pvt Ltd has been appointed as the registrar. Globalworth Securities will act as market maker for the Durlax Top Surface IPO.
Falcon Techno Project India IPO
The Falcon Techno Project India IPO will be open for subscription from June 19, 2024 to June 21, 2024. It comprises of a total fixed price issue. ₹13.69 crore, the total issue amount comprises 14.88 million fresh equity shares.
Falcon Techno Project India IPO price ₹92 per share. Kunvarji Finstock Pvt Ltd is acting as the book-running lead manager for the IPO and Kfin Technologies Limited is acting as the registrar. Nikunj Stock Brokers has been appointed as market maker for the Falcon Technoprojects India IPO.
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Ennutrica IPO
EnNutrica's IPO will be open from June 20, 2024 to June 24, 2024. ₹348.3 crore, all consisting of a fresh issue of 6.45 million shares.
The price range for EnNutrica's IPO is set as follows: ₹From 51 ₹54 per share. Beeline Capital Advisors Pvt Ltd is acting as lead manager for the bookrunning and Link Intime India Private Ltd is acting as registrar for the issue. Spread X Securities has been appointed as market maker for the EnNutrica IPO.
Winnie Immigrant IPO
The Winnie Immigrant IPO will be open from June 20, 2024 to June 24, 2024. This will be a fixed price issue in total. ₹9.13 crore, of which 6.52 lakh shares are fresh shares.
The IPO price is ₹140 per share. Interactive Financial Services Ltd is acting as the bookrunning lead manager for the Winny Immigration IPO and Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Beeline Broking will act as market maker for the Winny Immigration IPO.
Medicamen Organic IPO
The Medicamen Organic IPO will be offered from June 21, 2024 to June 25, 2024. This is ₹1,054 crore, consisting of 3.1 million shares, all freshly issued.
What is the price range for Medicamen Organic IPO? ₹From 32 ₹34 per share. GYR Capital Advisors Private Limited is the lead manager for the IPO and Kfin Technologies Limited is the registrar handling the issue.
