Investors and market enthusiasts have a slew of upcoming initial public offerings (IPOs) to look forward to in the coming days.
These IPOs span various sectors, offering fresh opportunities to invest in emerging companies.
Here’s a detailed look at the top 10 IPOs to watch out for.
1. Allied Blenders and Distillers IPO
Overview
Allied Blenders and Distillers, the maker of Officer’s Choice whisky, is gearing up for its Rs 1,500-crore IPO.
The offering includes a fresh issuance of equity shares worth Rs 1,000 crore and an offer-for-sale (OFS) of shares worth Rs 500 crore by the promoters.
Key Dates
- Subscription Opens: June 25
- Subscription Closes: June 27
Price Band
- Per Share: Rs 267-281
This IPO is highly anticipated, given the company’s strong market presence in the alcoholic beverages industry.
2. Vraj Iron and Steel IPO
Overview
Vraj Iron and Steel, a Chhattisgarh-based manufacturer of sponge iron, MS billets, and TMT bars, is set to launch its Rs 171-crore IPO, comprising only a fresh issue.
Key Dates
- Subscription Opens: June 26
- Subscription Closes: June 28
Price Band
- Per Share: Rs 195-207
This IPO presents a solid opportunity for investors looking to diversify into the steel manufacturing sector.
3. Shivalic Power Control IPO
Overview
Shivalic Power Control, a maker of electric panels, is coming to the market with a Rs 64.32-crore IPO. This issue is solely a fresh issuance of 64.32 lakh equity shares.
Key Dates
- Subscription Opens: June 24
- Subscription Closes: June 26
Price Band
- Per Share: Rs 95-100
The company’s focus on electric panels positions it well in the growing power control industry.
4. Sylvan Plyboard India IPO
Overview
Sylvan Plyboard India, known for its wood products, is offering its IPO worth Rs 28.05 crore. This fixed price issue is expected to attract significant attention.
Key Dates
- Subscription Opens: June 24
- Subscription Closes: June 26
Price
- Per Share: Rs 55
Investors interested in the wood products industry should keep an eye on this offering.
5. Mason Infratech IPO
Overview
Mason Infratech, a real estate construction company, is launching its Rs 30.46-crore IPO. The book-built issue consists solely of a fresh issue of 47.60 lakh shares, with no OFS component.
Key Dates
- Subscription Opens: June 24
- Subscription Closes: June 26
Price Band
- Per Share: Rs 62-64
This IPO offers a unique investment opportunity in the real estate sector.
6. Divine Power Energy IPO
Overview
Divine Power Energy, a manufacturer of fiberglass-covered wires and strips, is set to launch its Rs 22.76-crore IPO. This book-built issue includes a fresh issue of 56.9 lakh shares.
Key Dates
- Subscription Opens: June 25
- Subscription Closes: June 27
Price Band
- Per Share: Rs 36-40
This IPO is an interesting option for those looking to invest in the energy sector.
7. Akiko Global Services IPO
Overview
Akiko Global Services, a distributor of financial products with partnerships with banks and NBFCs, is raising Rs 23.11 crore through its IPO.
Key Dates
- Subscription Opens: June 25
- Subscription Closes: June 27
Price Band
- Per Share: Rs 73-77
This offering is particularly appealing to investors interested in financial services.
8. Visaman Global Sales IPO
Overview
Visaman Global Sales, a supplier of steel pipes, structural steels, HR coils, GC sheets, CR, and roofing PUF panels, is planning to raise Rs 16.05 crore through its IPO.
Key Dates
- Subscription Opens: June 24
- Subscription Closes: June 26
Price
- Per Share: Rs 43
Investors in the construction materials sector may find this IPO particularly compelling.
9. Diensten Tech IPO
Overview
Diensten Tech, an IT support and consulting services provider, is launching its Rs 22.08-crore IPO next week.
Key Dates
- Subscription Opens: June 26
- Subscription Closes: June 28
Price Band
- Per Share: Rs 95-100
The IT sector continues to grow, making this IPO a noteworthy investment opportunity.
10. Petro Carbon and Chemicals IPO
Overview
Petro Carbon and Chemicals, a producer of calcined petroleum coke, is planning to mobilize Rs 113.16 crore through its IPO. This issue comprises only an OFS at the upper end of the price band.
Key Dates
- Subscription Opens: June 25
- Subscription Closes: June 27
Price Band
- Per Share: Rs 162-171
This is the largest IPO among SME companies after KP Green Engineering’s IPO earlier this year, making it a significant event in the market.
Conclusion
These upcoming IPOs present a diverse range of investment opportunities across various industries, from alcoholic beverages and steel manufacturing to IT services and energy.
Each IPO has its unique appeal, depending on the sector and the company’s growth potential.
Investors should carefully consider these offerings and stay updated on the subscription dates and price bands to make informed investment decisions.