7 IPOs open for subscription, 19 firms make their market debut this week

IPO Market Update This week

The primary market is set for a packed schedule in the week starting June 30, with seven new IPOs—including one mainboard offering—slated to open for subscription. Additionally, 19 companies are lined up to make their stock market debut during the week, making it a busy period for investors and market watchers alike.

In the mainboard segment, international student recruitment solutions provider Crizac is the only company launching its Rs 860-crore IPO this week, opening during July 2-4 with price band of Rs 233-245 per share, while Indogulf Cropsciences will close its Rs 200-crore offer on June 30.

The strong action will be seen in SME segment with six companies opening their maiden public issues this week. Amongst them, five corporate firms - Silky Overseas, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions, and Vandan Foods -- are launching in single session today, June 30, and will close on July 2.

Silky Overseas is raising Rs 30.68 crore via IPO, Pushpa Jewellers intends to mobilise Rs 98.65 crore, Cedaar Textile Rs 60.90 crore, Marc Loire Fashions Rs 21 crore, and Vandan Foods Rs 30.36 crore.

Cryogenic OGS will be the last IPO of this week in the SME segment, opening during July 3-7. It is raising Rs 17.77 crore and the price band for its IPO has been fixed at Rs 44-47 per share.

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Further, PRO FX Tech, Ace Alpha Tech, Valencia India, and Moving Media Entertainment will close their IPOs on June 30, followed by Adcounty Media India, and Neetu Yoshi scheduled for closing on July 1.

Listing

Investors will see six companies available for trading on the bourses in the mainboard segment. Kalpataru, Ellenbarrie Industrial Gases, and Globe Civil Projects will debut on the bourses on July 1, after their IPOs closed with 2.26 times, 22.19 times, and 86.04 times subscription, respectively.

This followed HDB Financial Services, and Sambhv Steel Tubes which are scheduled for listing on July 2 after their IPOs saw nearly 17 times and 28.5 times subscription last week.

Indogulf Cropsciences shares will also be available for trading in later part of this week on July 3. The issue was subscribed 93 percent in last two days.

In the SME segment, there will be 13 listings scheduled next week with AJC Jewel Manufacturers, Shri Hare-Krishna Sponge Iron, Icon Facilitators, and Abram Food making their debut on July 1.

Further, Supertech EV, Suntech Infra Solutions, and Rama Telecom shares will list on July 2, followed by PRO FX Tech, Ace Alpha Tech, Valencia India, and Moving Media Entertainment on July 3. Adcounty Media India, and Neetu Yoshi will be the last two debut this week on July 4.