A flurry of IPOs set to hit the market next week; key highlights and details

The upcoming week, starting June 24, 2024, is poised to be a bustling period for the primary market, with significant activity anticipated in both the mainboard and SME segments. Investors can look forward to a total of 10 new public issues seeking to raise approximately Rs 1,991 crore, alongside the listings of 11 companies on the stock exchanges. Here's a detailed breakdown of the IPOs opening next week and the anticipated listings.

Key IPOs Opening Next Week

Allied Blenders and Distillers IPO:

Opening Date: June 25, 2024

Closing Date: June 27, 2024

Issue Size: Rs 1,500 crore

Price Band: Rs 267-281 per share

Details: The maker of Officer's Choice whisky is launching an IPO comprising a fresh issue of Rs 1,000 crore and an offer-for-sale (OFS) worth Rs 500 crore by the promoters.

Vraj Iron and Steel IPO:

Opening Date: June 26, 2024

Closing Date: June 28, 2024

Issue Size: Rs 171 crore

Price Band: Rs 195-207 per share

Details: The company, based in Chhattisgarh, focuses on producing sponge iron, MS billets, and TMT bars. The IPO is solely a fresh issue.

Shivalic Power Control IPO:

Opening Date: June 24, 2024

Closing Date: June 26, 2024

Issue Size: Rs 64.32 crore

Price Band: Rs 95-100 per share

Details: This IPO includes only a fresh issue of 64.32 lakh equity shares, with no OFS component.

Sylvan Plyboard India IPO:

Opening Date: June 24, 2024

Closing Date: June 26, 2024

Issue Size: Rs 28.05 crore

Fixed Price: Rs 55 per share

Details: This company deals in wood products and has set a fixed price for its IPO.

Mason Infratech IPO:

Opening Date: June 24, 2024

Closing Date: June 26, 2024

Issue Size: Rs 30.46 crore

Price Band: Rs 62-64 per share

Details: The IPO includes only a fresh issue of 47.60 lakh shares. Mason Infratech is involved in real estate construction.

Visaman Global Sales IPO:

Opening Date: June 24, 2024

Closing Date: June 26, 2024

Issue Size: Rs 16.05 crore

Fixed Price: Rs 43 per share

Details: This company supplies steel pipes and other structural materials.

Akiko Global Services IPO:

Opening Date: June 25, 2024

Closing Date: June 27, 2024

Issue Size: Rs 23.11 crore

Price Band: Rs 73-77 per share

Details: Akiko Global Services distributes financial products and has partnerships with banks and NBFCs.

Divine Power Energy IPO:

Opening Date: June 25, 2024

Closing Date: June 27, 2024

Issue Size: Rs 22.76 crore

Price Band: Rs 36-40 per share

Details: The company manufactures fiberglass-covered wires and strips.

Petro Carbon and Chemicals IPO:

Opening Date: June 25, 2024

Closing Date: June 27, 2024

Issue Size: Rs 113.16 crore

Price Band: Rs 162-171 per share

Details: This SME IPO is purely an OFS. The company specializes in producing calcined petroleum coke.

Diensten Tech IPO:

Opening Date: June 26, 2024

Closing Date: June 28, 2024

Issue Size: Rs 22.08 crore

Price Band: Rs 95-100 per share

Details: The company provides IT support and consulting services.

Upcoming Listings

June 26, 2024:

DEE Development Engineers

Akme Fintrade India

June 28, 2024:

Stanley Lifestyles

These listings are expected to attract considerable attention, with DEE Development Engineers and Akme Fintrade India showing premiums of 40% and 38% respectively in the grey market. Stanley Lifestyles is also trading at a premium of over 40% above its upper price band .

SME Segment Listings:

June 24, 2024:

United Cotfab

GP Eco Solutions India

June 26, 2024:

Falcon Technoprojects India

Durlax Top Surface

GEM Enviro Management

June 27, 2024:

Dindigul Farm Product

Winny Immigration and Education Services

June 28, 2024:

Medicamen Organics

These SME listings are expected to add to the vibrant activity on Dalal Street, providing varied opportunities for investors across different sectors .

The information provided is based on the views and opinions of investment experts and market analysts. Potential investors are advised to consult with certified financial advisors before making any investment decisions.