Dalal Street Prepares for a Busy Week with 10 Mainboard and 11 SME IPOs

Strategic Insights -

A high-octane week is on the cards for Dalal Street as five mainboard initial public offerings (IPOs) and eleven SME issues are set to open for subscription in the coming days. From non-banking financial companies to steel manufacturers, the diverse range of companies across sectors is lining up to raise funds amid strong market sentiment. The primary market is abuzz with over Rs 15,800 crore worth of IPOs lined up between June 23 and June 30, offering investors a plethora of options to choose from.

Key Takeaways:

  • Five mainboard IPOs, including HDB Financial Services, Globe Civil Projects, Ellenbarrie Industrial Gases, Kalpataru, and Sambhv Steel Tubes, are set to open for subscription this week.
  • The largest IPO of the year, HDB Financial Services, opens on June 25 with a Rs 12,500 crore issue, a mix of a fresh equity issue worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore.
  • Kalpataru's Rs 1,590 crore IPO opens on June 24 and includes a fresh issue of Rs 1,590 crore, with a price band of Rs 387 to Rs 414 per equity share.
  • Eleven SME IPOs, including AJC Jewel Manufacturers, Abram Food, Icon Facilitators, and others, are set to open for subscription this week, with the smallest issue being Rs 13.99 crore and the largest being Rs 44.39 crore.
  • Eight companies, including Patil Automation, Samay Project Services, and others, are set to make their market debut on the NSE platform this week.

Statistics:

  • Total value of mainboard IPOs: **Rs 15,800 crore**
  • Size of HDB Financial Services IPO: **Rs 12,500 crore**
  • Number of SME IPOs: **11**
  • Smallest SME IPO: **Rs 13.99 crore** (Abram Food)
  • Largest SME IPO: **Rs 44.39 crore** (Suntech Infra Solutions)
  • Number of mainboard IPOs: **5**
  • Number of companies making their market debut: **8**

Sources:

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  • contify is a business and financial news aggregator