Hectic week for Dalal Street. After last week’s high-voltage action, the IPO market is set for another fresh round of mega action. This week, one mainboard IPOs and five SME IPOs will open for subscription. But what makes this week more interesting is the massive wave of listings. Yes, you heard it right. A total of 19 companies, both big and small, are all set to make their stock market debut in just one week.
From mega NBFC player HDB Financial Services to niche players in jewellery, infrastructure, and EVs, this week, Dalal Street is about to get crowded. Let’s take a look at the listing lined up, and also the new issues opening for subscription this week:
Listings to dominate the week
Six mainboard companies and 13 SME companies are set to be listed on Indian stock exchanges this week, marking one of the busiest listing weeks of the year.
In the mainboard space, six companies are lined up for listing. These include Kalpataru, Ellenbarrie Industrial Gases, and Globe Civil Projects, all of which are scheduled to be listed on Tuesday, July 1.
The high-profile HDB Financial Services IPO and Sambhv Steel Tubes will debut on Wednesday, July 2, while Indogulf Cropsciences is tentatively scheduled to be listed on Thursday, July 3.
Meanwhile, the SME segment is buzzing with even more action, with 13 companies preparing for their debut.
On Tuesday, July 1, four companies – AJC Jewel Manufacturers, Shri Hare-Krishna Sponge Iron, Icon Facilitators, and Abram Foods are set to be listed. Following them, Supertech EV, Suntech Infra Solutions, and Rama Telecom will list on Wednesday, July 2.
Another four SME companies – PRO FX Tech, Ace Alpha Tech, Valencia India, and Moving Media Entertainment are expected to hit the bourses on Thursday, July 3. The listing parade wraps up on Friday, July 4, with Adcountry Media India and Neetu Yoshi making their debut.
Mainboard IPOs opening this week
Crizac
Crizac is making headlines this week with its Rs 860 crore IPO, entirely an offer for sale of 3.51 crore shares. The price band is set between Rs 233 to Rs 245 per share. Backed by Equirus Capital and Anand Rathi Securities, the IPO opens for subscription on July 2 and will close on July 4. Listing is likely on July 9..
Five SME IPOs to open this week
Vandan Foods
This food industry player is launching a Rs 30.36 crore IPO at a fixed price of Rs 115 per share. The issue opens on June 30 and closes on July 2, with listing expected on July 7 on BSE SME.
Marc Loire
A fresh issue of Rs 21 crore, Marc Loire is offering shares at Rs 100 per share. The IPO window is also from June 30 to July 2, with a likely listing on July 7. Finshore is leading the issue, and Black Fox Financial acts as market maker.
Cedaar Textile
This Rs 60.90 crore issue will follow a book-building route, with a price band of Rs 130 to Rs 140. The IPO opens on June 30 and closes on July 2, and is expected to list on July 7 on NSE SME.
Pushpa Jewellers
A mix of fresh issue and OFS, the Rs 98.65 crore Pushpa Jewellers IPO is priced between Rs 143 to Rs 147. It opens on June 30 and will close on July 2, followed by a listing on July 7.
Silky Overseas
With a fresh issue of Rs 30.68 crore, Silky Overseas plans to list on NSE SME after opening for subscription on June 30 and closing on July 2. The price band is between Rs 153 to Rs 161, and the listing is expected on July 7.