Starting from June 24, ten new companies are set to launch their initial public offerings (IPOs). Alongside, eleven new companies will get listed on the stock market next week.
Recent IPO Success
Last week, DEE Development Engineers and Akme Fintrade had highly successful IPOs, with subscriptions reaching 99 times and 55 times, respectively.
Expert View
Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd., remarked, “India’s strong economy and growing stock market involvement from retail investors are setting the stage for a huge surge in IPO activity. This year might turn out to be the best ever for IPOs. With robust participation from both domestic institutional and retail investors, India’s solid economic environment creates the perfect backdrop for a vibrant IPO market.”
Upcoming IPOs Open for Subscription
1. Allied Blenders and Distillers IPO
- Subscription Dates: June 25-27
- Issue Size: ₹1,500 crore
- Price Band: ₹267 to ₹281 per share
- Lead Managers: ICICI Securities, Nuvama Wealth Management, Iti Capital
- Registrar: Link Intime India
2. Vraj Iron and Steel IPO
- Subscription Dates: June 26-28
- Issue Size: ₹171 crore
- Price Band: ₹195 to ₹207 per share
- Lead Manager: Aryaman Financial Services
- Registrar: Bigshare Services
3. Stanley Lifestyles IPO
- Subscription Dates: June 21-25
- Issue Size: ₹537 crore
- Price Band: ₹351 to ₹369 per share
- Lead Managers: Axis Capital, ICICI Securities, JM Financial, SBI Capital Markets
- Registrar: Kfin Technologies
4. Shivalic Power Control IPO
- Subscription Dates: June 24-26
- Issue Size: ₹64.32 crore
- Price Band: ₹95 to ₹100 per share
- Lead Manager: Corporate Capital Ventures
- Registrar: Skyline Financial Services
5. Sylvan Plyboard IPO
- Subscription Dates: June 24-26
- Issue Size: ₹28.05 crore
- Price: ₹55 per share
- Lead Manager: Finshore Management Services
- Registrar: Bigshare Services
6. Mason Infratech IPO
- Subscription Dates: June 24-26
- Issue Size: ₹30.46 crore
- Price Band: ₹62 to ₹64 per share
- Lead Manager: Expert Global Consultants
- Registrar: Kfin Technologies
7. Visaman Global Sales IPO
- Subscription Dates: June 24-26
- Issue Size: ₹16.05 crore
- Price: ₹43 per share
- Lead Manager: Shreni Shares
- Registrar: Link Intime India
8. Akiko Global Services IPO
- Subscription Dates: June 25-27
- Issue Size: ₹23.11 crore
- Price Band: ₹73 to ₹77 per share
- Lead Manager: Fast Track Finsec
- Registrar: Skyline Financial Services
9. Divine Power Energy IPO
- Subscription Dates: June 25-27
- Issue Size: ₹22.76 crore
- Price Band: ₹36 to ₹40 per share
- Lead Manager: Khambatta Securities
- Registrar: Bigshare Services
10. Petro Carbon and Chemicals IPO
- Subscription Dates: June 25-27
- Issue Size: ₹113.16 crore
- Price Band: ₹162 to ₹171 per share
- Lead Manager: GYR Capital Advisors
- Registrar: Bigshare Services
11. Diensten Tech IPO
- Subscription Dates: June 26-28
- Issue Size: ₹22.08 crore
- Price Band: ₹95 to ₹100 per share
- Lead Manager: Corporate Professionals Capital
- Registrar: Kfin Technologies
New Listings Next Week
1. DEE Development Engineers IPO
- Expected Allotment Date: June 24, 2024
- Listing on: BSE, NSE
- Listing Date: June 26, 2024
2. Akme Fintrade India IPO
- Expected Allotment Date: June 24, 2024
- Listing on: BSE, NSE
- Listing Date: June 26, 2024
3. Stanley Lifestyles IPO
- Expected Allotment Date: June 26, 2024
- Listing on: BSE, NSE
- Listing Date: June 28, 2024
4. United Cotfab IPO
- Allotment Finalised: June 20, 2024
- Listing on: BSE SME
- Listing Date: June 24, 2024
5. GP Eco Solutions India IPO
- Allotment Finalised: June 20, 2024
- Listing on: NSE SME
- Listing Date: June 24, 2024
6. Falcon Technoprojects India IPO
- Expected Allotment Date: June 24, 2024
- Listing on: NSE SME
- Listing Date: June 26, 2024
7. Durlax Top Surface IPO
- Expected Allotment Date: June 24, 2024
- Listing on: NSE SME
- Listing Date: June 26, 2024
8. GEM Enviro Management IPO
- Expected Allotment Date: June 24, 2024
- Listing on: BSE SME
- Listing Date: June 26, 2024
9. Winny Immigration and Education Services IPO
- Expected Allotment Date: June 25, 2024
- Listing on: NSE SME
- Listing Date: June 27, 2024
10. Dindigul Farm Product IPO
- Expected Allotment Date: June 25, 2024
- Listing on: BSE SME
- Listing Date: June 27, 2024
11. Medicamen Organics IPO
- Expected Allotment Date: June 26, 2024
- Listing on: NSE SME
- Listing Date: June 28, 2024
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
