A total of nine IPOs are in the pipeline in the coming week. Out of these, two are in the mainboard segment, while the remaining seven are in the SME segment.
Mainboard IPOs:
Allied Blenders
The company will open its issue to retail investors on June 25. It will raise Rs 1,500 crore by offering a total of 53.4 million equity shares. The bidding will end on June 27. The company set the price band between Rs 267 and Rs 281 per equity share. Nuvama Wealth Management, ITI Capital, and ICICI Securities are working as lead book runners.
Vraj Iron and Steel
The company is bringing an entirely fresh issue of 8.3 million shares to raise Rs 171 crore. It kept the price band in a range of Rs 195 to 207 per equity share. The company will open the IPO bid on June 26 and will end it on June 28. For retail investors, the company has reserved not more than 35% of the net issue.
SME IPOs:
Shivalic Power Control
It is a Rs 64.32 crore IPO offering 6.4 million fresh shares. Shivalic Power Control kept the price between Rs 95 and Rs 100. The company will open the issue for investors on June 24 and close it on June 26. It raised a total of Rs 18.29 crore from the anchor investors.
Sylvan Plyboard
An issue of Rs 28.05 crore will open for subscription in the SME segment on June 24 and will close on June 26. The issue is of fixed price that has been kept at Rs 55 per equity share. As of now, the tentative date for listing has been set for July 01.
Mason Infratech
The company will raise Rs 30.46 crore by offering 4.76 million shares. The bidding for subscription will open on June 24 and end on June 26. Mason Infratech kept the price band between Rs 62 – Rs 64. Kfin Technologies is working as the registrar for the issue.
Visaman Global Sales
An SME IPO opening on June 24 and June 26 will raise a total of Rs 16.05. The company offers 3.73 million fresh shares. The company that supplies round pipes, square pipes, rectangle pipes, and many other products kept the quoting price at Rs 43 per equity share.
Akiko Global Services
The company, better known as ‘The Money Fair,’ will open the issue to investors on June 25 and close on June 27. It will collect a sum of Rs 23.11 crore by offering three million shares of the company. Akiko Global kept the price band in a range of Rs 73 to Rs 77. The company has already raised Rs 6.58 crore from the anchor investors.
Divine Power
The company that manufactures copper and aluminium’s wires and strips wants to raise a total of Rs 22.76 crore. It is an entirely fresh issue of 5.7 million equity shares. The company kept its bidding price range between Rs 36 and Rs 40 per share. According to the company, the raised funds will be utilised for working capital expenditure and other general corporate purposes. The issue will open on June 25 and close on June 27.
Petro Carbon and Chemicals
The promoters and other selling shareholders of Petro Carbon and Chemicals will be dumping their 6.6 million shares to pocket Rs 113.16 crore. The issue will open for bidding on June 25 and end on June 27. The company set the price band at Rs 162 – Rs 171 per equity share. Bigshare Services is handling the work of the registrar for the issue.
Diensten Tech
The company, which was earlier known as JKT Consulting, is in the business of providing information technology professional resourcing, IT consulting, IT training, and software AMC services. It will open the issue on June 26 to collect a sum of Rs 22.08 crore from investors. The company will offer 2.2 million fresh shares. Diensten has kept the price band in a range of Rs 95 to Rs 100 per equity share.
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