IPO Frenzy Expected: 11 Public Issues and 10 New Listings Set to Dominate Dalal Street This Week
The financial market is poised for a massive flurry of activity this week. A total of 11 new public issues are scheduled for subscription, generating significant capital across various sectors. Furthermore, investors can look forward to the debut of 10 new companies across both mainboard and SME platforms.Major IPOs Set to Raise Over ₹900 Crore This Week
The upcoming public offerings are set to raise substantial funds. These IPOs are anticipated to mobilize more than ₹900 crore collectively. Of this amount, two key mainboard issues are expected to contribute ₹609.5 crore.Aastha Spintex is among the primary mainboard listings, starting its IPO on June 29 and closing on July 1. This entirely fresh issue aims to raise ₹170 crore, with a price band set between ₹125-₹136 per share.
Knack Packaging, a provider of packaging solutions, will open its offering on July 1. The company is aiming for ₹439.5 crore in the initial share sale, with a set price band ranging from ₹161-₹170 per share. This IPO includes a fresh issuance worth ₹380 crore and an offer-for-sale (OFS) of 35 lakh shares valued at ₹59.5 crore at the upper price band.
SMEs Drive Significant Capital Mobilization in Public Issues
The SME segment is seeing focused action, with nine public issues set to mobilize over ₹300 crore via IPOs. Twinkle Papers and Adon Agro Commodities are key players among these offerings starting on June 29.Twinkle Papers, a packaging and material handling products maker, plans to raise ₹27.5 crore. The company's upper price band is set at ₹64-₹69 per share. Similarly, the fruits, nuts, seeds and berries processing firm Adon Agro Commodities is targeting ₹44 crore, with a higher end price range of ₹66-₹70 per share.
On June 30, investors will face six available IPOs in a single session. Teja Engineering Industries is a fixed price issue, while Kratikal Tech, Atharva Polyplast, Seemax Resources, Sampark India Logistics, and Vinit Mobile are book-building offers that all close on July 2.
Diversified Offerings Target Key Sectors
Various industries are represented in the upcoming offerings. Teja Engineering Industries is mobilizing ₹37.4 crore at a fixed price of ₹220 per share. SaaS-based cyber risk management provider Kratikal Tech is raising ₹39.7 crore, with a price band set between ₹128-₹135 per share.Precision plastic components Atharva Polyplast aims to raise ₹27 crore at the higher end of its price band (₹55-₹60 per share). The material handling equipment solutions provider Seemax Resources is also open, targeting nearly ₹20 crore with a fixed price range of ₹134-₹141 per share.
Logistics and supply chain solutions firm Sampark India Logistics seeks over ₹27 crore at the higher end of its offering (₹80-₹84 per share). Mobile phone retailer Vinit Mobile has approached capital markets to raise over ₹34 crore, with a price band fixed between ₹150 and ₹158 per share.
IPO Closures and Market Debuts Snapshot
IC Electricals Company represents the last planned IPO in this batch, following a postponement. It is scheduled to open on July 3, raising ₹47.91 crore through a public issue of 48.39 lakh shares at the upper price band (₹94-₹99 per share).In a notable development, IT solution provider CSM Technologies is closing its maiden public issue on June 29. The company's IPO was already subscribed 66 percent since its opening on June 24.
On the listing front, insurance distribution platform Turtlemint Fintech Solutions will debut on June 29 from the mainboard segment. Waterways Leisure Tourism and Advit Jewels are scheduled for July 1, while CSM Technologies is set to trade starting July 2.
SME Listing Schedule Revealed
The SME segment features several listings throughout the week. Anubhav Plast marks the first listing in this category on the BSE SME platform on June 29.Subsequent listings include Jivial Industries and Riyaasat Lifestyle, both scheduled for trading on the BSE SME platform on July 1. Shreedhar Spinners will commence trading on the NSE Emerge on July 1.
The schedule continues with Sri Priyanka Geo Commex listing on the NSE Emerge on July 2. Crazy Snacks is set for a debut on the BSE SME platform on July 3, concluding the reported IPO activity.
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