New Delhi: The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline.
Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band.
Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country’s largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development.
The biggest issue scheduled for the coming week is Waterways Leisure Tourism IPO. The company plans to raise Rs 585 crore entirely through a fresh issue of shares. The subscription window will open on June 23 and close on June 25. The company has fixed a price band of Rs 769-808 per share and is expected to make its stock market debut on July 1.
Joining it is Adit Jewels IPO, which aims to raise around Rs 165 crore through a fresh issue. The jewellery company will also open for subscription on June 23 and close on June 25. The issue is priced in the range of Rs 130-138 per share, with listing expected on July 1.
Technology-focused CSM Technologies will be the third mainboard issue. The company plans to raise nearly Rs 146 crore and will open for bidding on June 24. The issue closes on June 29, with a proposed listing date of July 2. The company has fixed a price band of Rs 107-113 per share.
SME segment remains active
While the spotlight often remains on larger issues, activity in the SME segment continues to remain strong.
Jivial Industries will launch its public issue on June 23. The offering consists of both a fresh issue and an Offer for Sale (OFS), with listing proposed on the BSE SME platform.
Shreedhar Spinners will also hit the market on June 23. The textile-focused company plans to raise approximately Rs 31 crore and has fixed a price band of Rs 51-53 per share.
Another SME issue to watch is Dhanwel Hybrid Seeds IPO. The company plans to raise around Rs 27 crore and has fixed a price band of Rs 95-99 per share. The issue opens on June 24 and closes on June 29.
Ongoing IPOs will continue
Apart from fresh launches, several IPOs that opened this week will continue receiving bids in the coming sessions.
Among the larger offerings, Turtlemint Fintech Solutions IPO remains one of the most closely tracked issues. The company is looking to raise nearly Rs 883 crore through a combination of fresh issue and Offer for Sale. The issue, which opened on June 19, will close on June 23.
