IPO wrap: Jainik Power booked 1.52x on last day, Monolithisch sees strong demand on day 1; Oswal Pumps issue to open tomorrow

The primary market witnessed decent movement on June 12. SME IPO of Jainik Power saw decent demand on the last day, while Monolithisch India was fully subscribed on its first day. Subscriptions for Oswal Pumps will begin on Friday, June 13.

Jainik Power IPO Day 3

According to NSE data, till 5 PM on Thursday, the issue has received bids for 7,076,400 shares as compared to 4,663,200 shares on offer, leading to a 1.52 times subscription.

The SME issue aims to raise ₹51.30 crore through a fresh issue of 46.63 lakh equity shares.

The Jainik Power and Cables IPO opened for bidding on June 10. The allotment of shares is expected to be finalised on June 13.

Monolithisch India IPO Day 1

Monolithisch India's initial public offering has been subscribed to 2.07 times on the first day of subscription. It has secured bids for 8,497,000 shares compared to 4,103,000 shares on offer, according to the NSE data till 5 PM.

The ₹82.02 crore initial share sale is a fresh issuance of 5,736,000 equity shares. There is no offer for sale component.

Monolithisch India IPO allotment is expected to be finalised on June 17. The listing on the NSE SME platform will take place on June 19. Hem Securities Limited is the issue's book-running lead manager, while Kfin Technologies is the registrar.

Oswal Pumps' IPO opens June 13

Oswal Pumps on Tuesday had said it has fixed a price band of ₹584 to ₹614 per share for its ₹1,387-crore IPO.

The IPO is a combination of a fresh issue of shares valued at ₹890 crore and an offer-for-sale (OFS) of 81 lakh stocks worth ₹497.34 crore at the upper end of the price band by promoter Vivek Gupta. This aggregates the issue size at ₹1,387.34 crore.

Adani Airports IPO

Billionaire Gautam Adani-led Adani Group is priming for listing its airports unit by 2027, Bloomberg reported, adding that it is part of a plan to invest $100 billion to expand businesses over the next few years.

AAHL, India's largest airport infrastructure company, is a 100% subsidiary of Adani Enterprises. It has eight airports in its management and development portfolio and accounts for 23% of passenger footfalls and more than 29% of the country's air cargo traffic.

Patil Automation IPO

Patil Automation IPO will open for subscription on June 16. Automation solutions provider aims to raise ₹69.61 crore through its initial public offering. The IPO will remain open till June 18.

Patil Automation aims to raise ₹69.61 crore through its SME IPO. The issue is 100% book-built and made up entirely of a fresh issuance of over 58 lakh shares, with no offer-for-sale (OFS) component.