Upcoming IPOs next week: Aastha Spintex, Knack Packaging, 8 other issues to open, 10 listings scheduled

The improving geopolitical conditions in West Asia have revived the primary market, with two mainboard initial public offerings launching next week and setting the stage for more public issues in the pipeline.

Packaging solutions provider Knack Packaging and cotton yarn and cotton bale maker Aastha Spintex will launch their IPOs over the next few days.

SME issues that will launch next week include Adon Agro Commodities, Twinkle Papers, Kratikal Tech, Vinit Mobile, Sampark India Logistics, Seemax Resources, Atharva Polyplast and Teja Engineering Industries.

Listings scheduled for next week include Turtlemint Fintech Solutions, Waterways Leisure Tourism, Advit Jewels, CSM Technologies, Anubhav Plast, Shreedhar Spinners, Riyaasat Lifestyle, Jivial Industries, Sri Priyanka Geo Commex and Crazy Snacks.

Aastha Spintex IPO

Aastha Spintex's ₹170-crore IPO will open for subscription on June 29 and conclude on July 1. The company has set a price range of ₹125 to ₹136 per share for the issue, which consists of a fresh issue of 1.25 crore equity shares.

The money raised will be used for part-payment of the purchase consideration for the acquisition of Falcon Yarns Pvt Ltd, working capital requirements of Falcon Yarns and corporate general purposes.

A lot consists of 110 shares and multiples thereof. The company's shares will be listed on the NSE and the BSE on July 6.

Aastha Spintex is into manufacturing and trading of combed, carded and compact combed cotton yarns and cotton bales.

Knack Packaging IPO

Knack Packaging has fixed a price band of ₹161 to ₹170 per share for its ₹439.50-crore initial share sale. It will open for public subscription on July 1 and close on July 3.

The issue is a mix of a fresh issue of shares worth ₹380 crore and an offer for sale of ₹59.50 crore. The company intends to utilise the funds for capital expenditure towards establishing a new manufacturing facility and general corporate purposes.

Investors can apply for a minimum of 88 shares and multiples thereof. Half of the net offer has been reserved for qualified institutional buyers, 15% for non-institutional investors and the remaining 35% for retail investors.

Knack Packaging is a leading integrated packaging solutions provider. Its product portfolio includes Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP pinch-bottom bags, serving diverse sectors like food products and pet foods.

SME IPOs next week