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 Officer's Choice whisky maker will open its Rs 1,500-crore initial public offering for subscription on June 25, with a price band at Rs 267-281 per share. The IPO, which comprises a fresh issuance of equity shares worth Rs 1,000 crore, and an offer-for-sale (OFS) of shares worth Rs 500 crore by promoters, will close on June 27.
Vraj Iron and Steel IPO
The Chhattisgarh-based sponge iron, MS billets, and TMT bars manufacturer's Rs 171-crore public issue will open on June 26, comprising only a fresh issue. The price band for the public issue, which closes on June 28, has been fixed at Rs 195-207 per share.
The Rs 64.32-crore IPO of the electric panels maker, comprising only a fresh issue of 64.32 lakh equity shares, will hit the street on June 24, with a price band at Rs 95-100 per share. The final day for bidding on the issue will be June 26.
Sylvan Plyboard India IPO
The subscription for the maiden public issue of the wood products company will also take place from June 24-26. The price for the fixed price issue worth Rs 28.05 crore has been fixed at Rs 55 per share.
The real estate construction company, too, will open its Rs 30.46-crore IPO on June 24 and the same will close on June 26, with a price band at Rs 62-64 per share. The book-built issue comprises only a fresh issue of 47.60 lakh shares with no offer-for-sale (OFS) component.
This will be the fourth initial public offering opening on the same day, i.e. June 24, and closing on June 26. The company that supplies steel pipes, structural steels, HR coils, GC sheets, CR, and roofing PUF panels is planning to raise Rs 16.05 crore through an IPO of 37.32 lakh shares at Rs 43 per share.
The financial products distributor, having partnerships with banks and NBFCs, intends to raise Rs 23.11 crore through its maiden public issue during June 25-27. The price band for the IPO, comprising solely a fresh issue, has been fixed at Rs 73-77 per share.
The fiberglass-covered wires/strips manufacturer will also open its Rs 22.76-crore book built issue on June 25, with a price band at Rs 36-40 per share. The IPO, consisting of a fresh issue of 56.9 lakh shares will close on June 27.
Petro Carbon and Chemicals IPO
This will be the third SME company opening its public issue for subscription during the same period, i.e. June 25-27. The calcined petroleum coke producer is planning to mobilise Rs 113.16 crore through its IPO, comprising only an OFS, at the upper end of the price band of Rs 162-171 per share. In fact, this is the largest IPO amongst SME companies after KP Green Engineering IPO launched in March this year.
The IT support and consulting services provider will also launch its maiden public issue worth Rs 22.08 crore next week on June 26. The book-built issue will close on June 28, with a price band of Rs 95-100 per share.
IPOs Closing Next week
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.
Listings
DEE Development Engineers and Akme Fintrade India will list their shares on the bourses on June 26, while trading in Stanley Lifestyles will commence effective June 28.
DEE Piping Systems shares traded at more than 40 percent premium, and Akme Fintrade attracted a 38 percent premium in the grey market, an unofficial platform for trading in IPO shares till the listing, the market observers said. According to them, Stanley shares were available at more than 40 percent premium over the upper price band.
Furthermore, the listing schedule in the SME segment will be busy as a total of 8 companies will make their debut next week. United Cotfab, and GP Eco Solutions India will be listing shares on June 24; while Falcon Technoprojects India, Durlax Top Surface, and GEM Enviro Management will debut on June 26.
The trading in Dindigul Farm Product and Winny Immigration and Education Services will commence effective June 27, while Medicamen Organics will list shares on June 28.
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