Upcoming IPOs: 3 mainboard, 6 SME IPOs to open this week; check key details

As many as three mainboard public offers and six SME IPOs are opening for subscription this week to raise a total of ₹1,241 crore from investors.

The IPO street witnessed a quiet period last week. Only one mainboard initial public offer hit the capital market, raising around ₹740 crore. On the SME counter, two IPOs opened for bidding, raising a total of ₹67 crore.

However, the primary market is going to be busy this week. Three mainboard public offers, including DEE Development Engineers, Akme Fintrade India and Stanley Lifestyles IPO, will open for subscription this week.

Here are the key details of IPOs which are opening for subscription this week.

Mainboard IPOs

DEE Development Engineers (19 to 21 June)

The public offer of DEE Development Engineers is opening for subscription on June 19 to raise around ₹418 crore. The IPO closes on June 21. The public offer comprises a fresh issue of 1.6 crore shares worth up to ₹325 crore and an Offer-for-Sale (OFS) of 46 lakh shares worth up to ₹93 crore.

DEE Development Engineers IPO price band has been fixed at ₹193-203 per share. The minimum lot size is 73 shares for retail investors. The minimum investment is ₹14,819. The company has proposed to list shares on the NSE and BSE on June 26.

SBI Capital Markets Ltd and Equirus Capital Private Ltd are the book running lead managers.

To know more and pre-apply for in DEE Development Engineers IPO, CLICK HERE

Akme Fintrade India Ltd (19 to 21 June)

The ₹132 crore public offer of Akme Fintrade India Ltd (Aasaan Loans) will also open on June 19. The IPO subscription will close on June 21.

Akme Fintrade India IPO price band has been fixed at ₹114 to ₹120 per share. The public offer comprises a fresh issue of 1.1 crore shares and no Offer for Sale component. The minimum lot size for retail investors is 125 shares, amounting to an investment of ₹15,000. Gretex Corporate Services is the book-running lead manager.

The company will list its shares on the NSE and BSE with the listing date tentatively fixed as June 26.

To know more and pre-apply for in Akme Fintrade India IPO, CLICK HERE

Stanley Lifestyles Limited (21 to 25 June)

The IPO of Stanley Lifestyles Ltd is opening for subscription on June 21 and closes on June 25. The company seeks to raise a total of ₹537.02 crore through an issue of 1.45 crore equity shares. The IPO comprises a fresh issue of 54 lakh shares and an OFS portion of 91 lakh shares.

The company has fixed the price band at ₹351 to ₹369 per share. The minimum lot size is 40 shares, aggregating to an investment of ₹14,760 for retail investors.

The company has proposed to list shares on the NSE and BSE on June 28. Axis Capital Ltd, JM Financial Ltd, ICICI Securities Ltd and SBI Capital Markets Ltd are the book running lead managers.

SME IPOs

In addition to these mainboard IPOs, six SME public offers are opening this week to raise around ₹154 crore from investors. These SME IPOs include Falcon Technoprojects India Limited, Durlax Top Surface Limited, GEM Enviro Management Limited, Winny Immigration and Education Services Ltd, Dindigul Farm Product Limited and Medicamen Organics Limited.

Here are the key details of the SME IPOs ahead of the subscription:

Falcon Technoprojects India Ltd (19 to 21 June)

The ₹13.69-crore Falcon Technoprojects India IPO opens for subscription on June 19 and closes on June 21 on the NSE SME platform. The company has fixed the price at ₹92 per share for IPO that comprises a fresh issue of 14.88 lakh shares. The minimum lot size is 1,200 shares.

Durlax Top Surface Ltd (19 to 21 June)

The public offer of Durlax Top Surface Ltd also opens on June 19 and closes on June 21. The NSE SME IPO price band has been fixed at ₹65-68 per share. The ₹40.8-crore public offer comprises a fresh issue of 42 lakh shares and an OFS of 18 lakh shares. The minimum lot size is 2,000 shares.

GEM Enviro Management Limited (19 to 21 June)

The GEM Enviro Management Ltd initial public offering (IPO) is opening for subscription on June 19 and closes on June 21. The ₹44.93-crore BSE SME IPO comprises a fresh issue of 14.98 lakh shares and an OFS of 44.93 lakh shares. The company has fixed the price at ₹71 to ₹75 per share. The minimum lot size is 1,600 shares for retail investors.

Winny Immigration and Education Services Ltd (20 to 24 June)

Winny Immigration and Education Services Ltd IPO opens for subscription on June 20 and closes on June 24. The NSE SME IPO is worth ₹9.13 crore. The company has fixed the price at ₹140 per share. The minimum lot size is 1,000 shares for retail investors.

Dindigul Farm Product Limited (20 to 24 June)

The ₹34.83-crore IPO of Dindigul Farm Product Ltd opens for subscription on June 20. The BSE SME IPO will close for subscription on June 24. The public offer comprises a fresh issue of 64.5 lakh shares. Dindigul Farm Product Ltd IPO price band has been fixed at ₹51 to ₹54 per share. The minimum lot size is 2,000 shares for retail investors.

Medicamen Organics Limited (21 to 25 June)

The ₹10.54-crore public offer of Medicamen Organics Limited opens for subscription on June 21 and closes on June 25 on the NSE SME platform. The IPO price band has been fixed at ₹32 to ₹34 per share. The public offer comprises a fresh issue of 31 lakh shares. The minimum lot size for retail investors is 4,000 shares.

To know more about IPOs listing, schedule and upcoming IPOs, CLICK HERE