Upcoming IPOs: A Surge of New Public Issues and Listings in the Market
Upcoming IPOs: Get ready, investors! The primary market is buzzing with activity as we anticipate a wave of nine new initial public offerings (IPOs) and one fresh listing.
This surge comes after a period of quiet due to the Lok Sabha elections, signaling a robust return to market action.
If you’re considering diving into these opportunities, here’s everything you need to know about the upcoming IPOs.
Market Context: A Post-Election Resurgence
The conclusion of the Lok Sabha elections has rejuvenated the market,
with the Modi government’s return boosting investor confidence.
This optimism is reflect in the recent success of the Ixigo IPO, which rais over ₹740.10 crore.
Analysts predict that this trend will continue, with 24 companies set to hit the market in the coming months, aiming to raise around ₹30,000 crore.
Detailed Overview of Upcoming IPOs
DEE Piping Systems IPO
Subscription Dates: June 19, 2024, to June 21, 2024
DEE Piping Systems aims to raise ₹418.01 crores through a book-built issue.
This includes a fresh issue of 1.6 crore shares worth ₹325 crores and an offer for sale of 0.46 crore shares totaling ₹93.01 crores.
The price band is set between ₹193 and ₹203 per share.
SBI Capital Markets Limited and Equirus Capital Private Limited are the lead managers,
with Link Intime India Private Ltd as the registrar.
Akme Fintrade India (Aasaan Loans IPO)
Subscription Dates: June 19, 2024, to June 21, 2024
Akme Fintrade India, also known as Aasaan Loans, plans to raise ₹132 crores through a fresh issue of 1.1 crore shares.
The price band is between ₹114 and ₹120 per share. Gretex Corporate Services Limited is the lead manager,
with Bigshare Services Pvt Ltd as the registrar.
Stanley Lifestyles IPO
Subscription Dates: June 21, 2024, to June 25, 2024
Stanley Lifestyles’ IPO aims to raise ₹537.02 crores, comprising a fresh issue of 0.54 crore shares worth ₹200 crores and an offer for sale of 0.91 crore shares totaling ₹337.02 crores. The price band is set at ₹351 to ₹369 per share.
The lead managers are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited,
and SBI Capital Markets Limited. Kfin Technologies Limited is the registrar.
GEM Enviro IPO
Subscription Dates: June 19, 2024, to June 21, 2024
GEM Enviro is set to raise ₹44.93 crores through a book-built issue.
This includes a fresh issue of 14.98 lakh shares worth ₹11.23 crores and an offer for sale of 44.93 lakh shares totaling ₹33.70 crores.
The price band is between ₹71 and ₹75 per share.
Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the lead managers, with Skyline Financial Services Private Ltd as the registrar.
Durlax Top Surface IPO
Subscription Dates: June 19, 2024, to June 21, 2024
Durlax Top Surface aims to raise ₹40.80 crores through a fresh issue of 42 lakh shares totaling ₹28.56 crores and an offer for sale of 18 lakh shares worth ₹12.24 crores.
The price band is set at ₹65 to ₹68 per share.
Expert Global Consultants Private Limited is the lead manager, with Bigshare Services Pvt Ltd as the registrar.
Falcon Technoprojects India IPO
Subscription Dates: June 19, 2024, to June 21, 2024
Falcon Technoprojects India plans a fixed-price IPO to raise ₹13.69 crores, consisting of 14.88 lakh fresh shares.
The IPO price is set at ₹92 per share. Kunvarji Finstock Pvt Ltd is the lead manager,
with Kfin Technologies Limited as the registrar.
EnNutrica IPO
Subscription Dates: June 20, 2024, to June 24, 2024
EnNutrica aims to raise ₹34.83 crores through a fresh issue of 64.5 lakh shares.
The price band is between ₹51 and ₹54 per share. Beeline Capital Advisors Pvt Ltd is the lead manager,
with Link Intime India Private Ltd as the registrar.
Winny Immigration IPO
Subscription Dates: June 20, 2024, to June 24, 2024
Winny Immigration plans to raise ₹9.13 crores through a fixed-price issue of 6.52 lakh fresh shares.
The IPO price is set at ₹140 per share. Interactive Financial Services Ltd is the lead manager,
with Bigshare Services Pvt Ltd as the registrar.
Medicamen Organics IPO
Subscription Dates: June 21, 2024, to June 25, 2024
Medicamen Organics aims to raise ₹10.54 crores through a fresh issue of 31 lakh shares.
The price range is set at ₹32 to ₹34 per share. GYR Capital Advisors Private Limited is the lead manager,
with Kfin Technologies Limited as the registrar.
New Listing: ixigo IPO
The ixigo IPO, which successfully raised over ₹740.10 crores, is schedule for listing on both the BSE and NSE on June 18, 2024.
This new listing is expect to draw significant attention from investors and could impact market trends positively.
Investor Considerations
Before diving into these IPOs, consider a few crucial factors: evaluate the company’s financial health, market position,
and growth potential.
Look into the credibility of the promoters and understand the current market sentiment.
Investing in IPOs can be rewarding, but it requires careful analysis and informed decision-making.
Conclusion
The upcoming week presents a plethora of opportunities for investors with nine new Upcoming IPOs and a fresh listing.
With the market showing signs of resurgence post-elections, this is a promising time for new investments.
Make sure to evaluate each IPO thoroughly and stay informed about market dynamics to make the most out of these opportunities.
FAQs
1. What is an IPO?
An IPO, or Initial Public Offering, is when a private company offers shares to the public for the first time to raise capital.
2. How can investors apply for these IPOs?
Investors can apply for IPOs through their stockbrokers or via online platforms provided by depository participants (DPs) like NSDL or CDSL.
3. What factors should investors consider before investing in an IPO?
Investors should consider the company’s financial health, market position,
future growth potential, and the credibility of its promoters before investing in an IPO.
4. How are IPO prices determine?
IPO prices are typically determine through a process call book building,
where the price is set base on demand from institutional and retail investors within a price band.
5. What are the risks associat with investing in IPOs?
Investing in IPOs carries risks such as market volatility, the company’s potential for growth,
and the overall economic environment.
It’s essential to conduct thorough research and consider these factors before investing.
