IPO Calendar: 8 Hot Picks to Fuel Primary Market Surge Post-Election

After a quiet previous week, the upcoming week is set to witness a flurry of initial public offerings (IPOs), including seven new issues. Among them, three companies are launching IPOs on the mainboard segment.

Mainboard Segment:

Dee Development Engineers and Akme Fintrade are set to commence their IPO subscriptions on June 19, while Stanley Lifestyles will follow on June 21.

SME IPOs: Five SMEs are also scheduled to launch IPOs next week. These include Medicamen Organics, Dindigul Farm Product, GEM Enviro Management, Durlax Top Surface, and Falcon Technoprojects.

Ixigo Debut: Additionally, Ixigo, whose IPO garnered strong investor interest last week, will see its shares debut in the market.

Post-Election Market Sentiment: Analysts anticipate a heightened IPO wave following the recent elections, with expectations that 24 companies will collectively raise approximately Rs 30,000 crore through IPOs in the coming months.

Dee Development Engineers IPO Details: DEE Development Engineers, specializing in process piping solutions for various industries, will offer shares from June 19 to June 21. The IPO includes a fresh equity sale of Rs 325 crore and an offer for sale of 45.82 lakh shares. The price range is set at Rs 193-203 per share, aiming to raise Rs 418 crore at the upper end.

Stanley Lifestyles IPO: Luxury furniture retailer Stanley Lifestyles will open its IPO from June 21 to June 23, with shares priced between Rs 351-369. The company plans to raise Rs 537 crore through a mix of fresh equity and offer for sale shares.

Akme Fintrade IPO: Udaipur-based NBFC Akme Fintrade’s IPO will open on June 19 and close on June 21, priced between Rs 114-120 per share. The IPO consists entirely of fresh equity shares to bolster its capital base and comply with regulatory norms.

These IPOs reflect a growing optimism in the market post-elections, as companies aim to capitalize on investor confidence and expand their operations.