The primary market is gearing up to resume activity after a quiet period due to the Lok Sabha elections. This week, nine new initial public offerings (IPOs) will open for subscription.
Last week, the Ixigo IPO raised over Rs 740.10 crore at the upper price band, receiving a strong response from investors.
List of Upcoming IPOs for this Week
Here is a list of initial public offerings (IPOs) opening for subscription this week:
Durlax Top Surface IPO
The Durlax Top Surface IPO will open for subscription on Wednesday (June 19, 2024) and close on Friday (June 21, 2024).
This book-built issue is valued at Rs 40.80 crores. It includes a fresh issue of 42 lakh shares worth Rs 28.56 crores and an offer for sale of 18 lakh shares totaling Rs 12.24 crores.
The price band is set at Rs 65 to Rs 68 per share. Expert Global Consultants Private Limited is the book-running lead manager, with Bigshare Services Pvt Ltd as the registrar. Globalworth Securities is the market maker for the Durlax Top Surface IPO.
Falcon Technoprojects India IPO
The Falcon Technoprojects India IPO will be open for subscription from Wednesday (June 19, 2024) to Friday (June 21, 2024). This fixed price issue is valued at Rs 13.69 crores and consists of 14.88 lakh fresh shares.
The price band is set at Rs 92 per share. Kunvarji Finstock Pvt Ltd is the book-running lead manager, with Kfin Technologies Limited as the registrar. Nikunj Stock Brokers has been appointed as the market maker for the Falcon Technoprojects India IPO.
DEE Piping Systems IPO
The DEE Piping Systems IPO will be open for subscription from Wednesday (June 19, 2024) to Friday (June 21, 2024).
This book-built issue is valued at Rs 418.01 crores, comprising a fresh issue of 1.6 crore shares worth Rs 325 crores and an offer for sale of 0.46 crore shares totaling Rs 93.01 crores.
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The price band is set between Rs 193 and Rs 203 per share. SBI Capital Markets Limited and Equirus Capital Private Limited are the book-running lead managers, with Link Intime India Private Ltd serving as the registrar.
GEM Enviro IPO
The GEM Enviro IPO will be open for subscription from Wednesday (June 19, 2024) to Friday (June 21, 2024).
This book-built issue aims to raise Rs 44.93 crores, consisting of a fresh issue of 14.98 lakh shares worth Rs 11.23 crores and an offer for sale of 44.93 lakh shares totaling Rs 33.70 crores.
The price band is set between Rs 71 and Rs 75 per share. Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book-running lead managers, with Skyline Financial Services Private Ltd serving as the registrar.
Winny Immigration IPO
The Winny Immigration IPO will be open for subscription from Thursday (June 20, 2024) to Monday (June 24, 2024). This fixed price issue is valued at Rs 9.13 crores, consisting solely of 6.52 lakh fresh shares.
The price band is set at Rs 140 per share. Interactive Financial Services Ltd is the book-running lead manager, with Bigshare Services Pvt Ltd as the registrar.
EnNutrica IPO
The EnNutrica IPO will be open for subscription from Thursday (June 20, 2024) to Monday (June 24, 2024). This book-built issue aims to raise Rs 34.83 crores, consisting entirely of a fresh issue of 64.5 lakh shares.
The price band is set between Rs 51 and Rs 54 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, with Link Intime India Private Ltd as the registrar. Spread X Securities is the market maker for EnNutrica.
Also Read: Pros and Cons of investing in IPO
Medicamen Organics IPO
The Medicamen Organics IPO will be open for subscription from Friday (June 21, 2024) to Tuesday (June 25, 2024). This book-built issue aims to raise Rs 10.54 crores, consisting entirely of a fresh issue of 31 lakh shares.
The price range is set between Rs 32 and Rs 34 per share. GYR Capital Advisors Private Limited is the book-running lead manager, with Kfin Technologies Limited serving as the registrar.
Stanley Lifestyles IPO
The Stanley Lifestyles IPO will be open for subscription from Friday (June 21, 2024) to Tuesday (June 25, 2024).
This book-built issue is valued at Rs 537.02 crores, comprising a fresh issue of 0.54 crore shares totaling Rs 200 crores and an offer for sale of 0.91 crore shares amounting to Rs 337.02 crores.
The price band is set between Rs 351 and Rs 369 per share. The book-running lead managers for the initial public offering are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited, with Kfin Technologies Limited serving as the registrar.
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Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investment advisor before making any investment decision.
