Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
The primary market will be super busy for the coming week starting from June 24 as there will be full of action in both segments - mainboard as well as SME. A total of 10 public issues worth Rs 1,991 crore will hit Dalal Street, while 11 companies will make their debut on the bourses.
Allied Blenders and Distillers IPO
The maker of Officer's Choice whisky is set to commence its initial public offering (IPO) on June 25, aiming to raise Rs 1,500 crore. The IPO includes a fresh issuance of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 500 crore by promoters. The subscription will close on June 27, with shares priced between Rs 267 and Rs 281 per share.
Based in Chhattisgarh, this manufacturer of sponge iron, MS billets, and TMT bars plans to launch its Rs 171 crore IPO on June 26. The IPO will only feature a fresh issue of shares and will close on June 28. The price band for the public issue has been fixed at Rs 195-207 per share.
Petro Carbon and Chemicals IPO
This SME company's IPO will run from June 25-27, aiming to raise Rs 113.16 crore through an offer-for-sale (OFS). The price band is Rs 162-171 per share, marking it as one of the largest SME IPOs after KP Green Engineering's earlier launch this year.
Electric panels maker Shivalic Power Control will debut its Rs 64.32 crore IPO on June 24, with a price range of Rs 95-100 per share. The IPO, consisting solely of a fresh issue of 64.32 lakh equity shares, will conclude its bidding on June 26.
Scheduled from June 24-26, the IPO of wood products company Sylvan Plyboard India will feature a fixed price issue worth Rs 28.05 crore at Rs 55 per share.
Manufacturer of fiberglass-covered wires and strips, Divine Power Energy, will launch its Rs 22.76 crore IPO on June 25, closing on June 27. The price band is set at Rs 36-40 per share, with the IPO including a fresh issue of 56.9 lakh shares.
Opening on June 24 and closing on June 26, Visaman Global Sales plans to raise Rs 16.05 crore through an IPO of 37.32 lakh shares priced at Rs 43 per share. The company deals in steel pipes, structural steels, and various industrial materials.
Real estate construction company Mason Infratech will launch its Rs 30.46 crore IPO on June 24, closing on June 26. The IPO, priced at Rs 62-64 per share, will only include a fresh issue of 47.60 lakh shares with no offer-for-sale (OFS) component.
Financial products distributor Akiko Global Services will conduct its maiden public issue from June 25-27, aiming to raise Rs 23.11 crore. The IPO will feature a price band of Rs 73-77 per share, comprising solely a fresh issue of shares.
IT support and consulting services provider Diensten Tech will launch its Rs 22.08 crore IPO on June 26, closing on June 28. The book-built issue will have a price band of Rs 95-100 per share.
In the mainboard segment, Stanley Lifestyles' offer will close its IPO on June 25, while from the SME segment, the last day for bidding Dindigul Farm Product, and Winny Immigration and Education Services IPOs will be June 24, and Medicamen Organics will close its public issue on June 25.
DEE Development Engineers and Akme Fintrade India are set to list their shares on the stock exchanges on June 26, while trading in Stanley Lifestyles will begin from June 28.
Ahead of their listings, DEE Piping Systems saw its shares trading at a premium of more than 40 percent, while Akme Fintrade India attracted a 38 percent premium in the grey market, an informal platform for IPO share trading before listing, as noted by market observers. Stanley Lifestyles' shares were also reportedly available at a premium exceeding 40 percent over the upper price band.
Additionally, the SME segment will witness a busy listing schedule next week with a total of 8 companies making their debut. United Cotfab and GP Eco Solutions India are scheduled to list shares on June 24, followed by Falcon Technoprojects India, Durlax Top Surface, and GEM Enviro Management on June 26.
Trading in Dindigul Farm Product and Winny Immigration and Education Services will commence from June 27, while Medicamen Organics is slated to list its shares on June 28.
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