IPO Watch: Nine Public Issues Open This Week, Six Companies Set to List

Mumbai | June 22 

The primary market has picked up pace in the current truncated week starting June 22, with nine public issues opening for subscription and six companies set to make their stock market debut. 

Which Mainboard IPOs Are Opening This Week? 

Three companies from the mainboard segment are launching their public issues this week. Waterways Leisure Tourism is the first to open, with its Rs 585 crore maiden public issue opening on June 23. The price band has been fixed at Rs 769 to Rs 808 per share. The issue comprises an entirely fresh issue of shares. 

Jaipur-based handcrafted fine jewellery maker Advit Jewels will also open its Rs 165 crore IPO for public subscription on June 23. The price band for the offer stands at Rs 130 to Rs 138 per share, with the issue consisting solely of a fresh issue of 1.19 crore shares. Both Waterways Leisure Tourism and Advit Jewels will close their issues on June 25. 

IT services company CSM Technologies will be the last mainboard entrant, launching its Rs 146 crore public issue on June 24 with a price band of Rs 107 to Rs 113 per share. The issue comprises only a fresh issue of 1.29 crore shares. 

Which SME IPOs Are Opening This Week? 

Six companies in the SME segment are launching their public issues this week. 

June 23 

 Aluminium railings and fixtures maker Jivial Industries and cotton yarn manufacturer Shreedhar Spinners will open their maiden public issues, both closing on June 25. Jivial Industries is mobilising nearly Rs 32 crore at a fixed price of Rs 196 per share. 

 Shreedhar Spinners aims to raise Rs 30.7 crore at the upper end of its price band of Rs 51 to Rs 53 per share. 

June 24: Sri Priyanka Geo Commex and Dhanwel Hybrid Seeds will open their book-building issues. Sri Priyanka Geo Commex, a commodity focused group engaged in supplying minerals and manufacturing rice bran oil, is mobilising Rs 94.5 crore at a price band of Rs 207 to Rs 212 per share.  

Dhanwel Hybrid Seeds, a seed manufacturer, targets raising Rs 26.7 crore at a price band of Rs 95 to Rs 99 per share. 

June 25: IC Electricals and Crazy Snacks will open for subscription. IC Electricals, a manufacturer of electronic equipment for railway applications, is raising Rs 47.91 crore through a public issue of 48.39 lakh shares at the upper end of its price band of Rs 94 to Rs 99 per share.  

North-based bakery and snacks company Crazy Snacks aims to mobilise Rs 31.5 crore through an IPO of 74.94 lakh shares, with the price band fixed at Rs 39 to Rs 42 per share. 

 What Is the Status of Ongoing IPOs? 

Digital-first insurance distribution platform Turtlemint Fintech Solutions’ Rs 883 crore IPO remains open for subscription till June 23. The mainboard offer was subscribed 45 percent by June 19, the first day of bidding. 

In the SME segment, Avience Biomedicals and Riyaasat Lifestyle are set to close their public issues on June 22, having been subscribed 39.96 times and 13 percent, respectively, in the last two days. Anubhav Plast, which saw 1.13 times subscription till June 19, will remain open till June 23. 

Which Companies Are Listing This Week? 

Six companies will be available for trading on the bourses this week, all from the SME segment, with no new mainboard debuts. 

Diksha Polymers, Leapfrog Engineering Services and Liotech Industries will list on the BSE SME platform on June 24, while trading in Clay Craft India shares will commence on NSE Emerge the same day. This follows Avience Biomedicals and Riyaasat Lifestyle, whose shares will be available for trading on the BSE SME platform from June 25. 

The current week sees heightened primary market activity across both mainboard and SME segments, with subscription windows and listings spread through June 25. Investors tracking these issues should refer to official subscription figures and listing updates as they are announced. 

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