The IPO market is set to witness significant activity next week, with 7 companies planning to launch their Initial Public Offers (IPOs) on Dalal Street.
Three of these companies will opt for the main route, while the remaining four will list their shares through the SME route.
The IPOs aim to raise over ₹1,600 crore from the market, with the SME issues expected to raise ₹110 crore.
- ideaForge IPO: Drone manufacturer IdeaForge Technology will initiate its IPO on June 26. The company has set a price band of ₹638-672 per share and aims to raise around ₹567 crore.Prior to the IPO opening, the company has already raised ₹254.88 crore from anchor investors on June 23. The IPO will close on June 29, and the shares will be listed on the stock exchange on July 7.
- Cyient DLM IPO: Cyient DLM, a subsidiary of IT services firm Cyient, will launch its second public offering next week. The bidding for this IPO will start on June 27 and conclude on June 30.The IPO comprises only fresh issue of 2.23 crore shares, with a price band of ₹250-265 per share. The company aims to raise approximately ₹592 crore.
- PKH Ventures IPO: Construction and development company PKH Ventures will also open its IPO next week. Bidding for the IPO will begin on June 30 and end on July 4.The company plans to raise around ₹380 crore, although the price band has not been announced yet.The IPO will include a total of 2.56 crore shares, with 1.82 crore shares offered as fresh issue and the remaining shares being sold by the promoters. PKH Ventures is fully owned by the promoters.
- Pentagon Rubber IPO: Conveyor belt manufacturer Pentagon Rubber will launch the first IPO in the SME segment next week. The IPO will open on June 26 and close on June 30.The company aims to raise ₹16.17 crore by issuing 23.1 lakh equity shares at a price band of ₹65-70 per share. The offer consists of 100% fresh shares.
- Global Pet IPO: Global Pet Industries will launch another IPO in the SME segment. The bidding for this IPO will begin on June 29 and end on July 3.
The shares are priced at ₹49 per share, and the company aims to raise ₹13.23 crore. The funds raised will primarily be used for the construction of the factory building. - Tridhya Tech IPO: Tridhya Tech, a software development services company, will also open its IPO for bidding next week.The company has set a price band of ₹35-42 per share for its IPO. It plans to raise ₹26.41 crore by issuing 62.88 lakh shares at the upper price band.
- Synoptics Technologies IPO: IT services company Synoptics Technologies will open its IPO for bidding next week. The company has fixed a price of ₹237 per share for its IPO.
The IPO includes the issuance of new shares worth ₹35.08 crore and an offer for sale (OFS) of ₹18.96 crore by the promoters.
These upcoming IPOs offer investors an opportunity to participate in the growth potential of various sectors, including drones, IT services, construction, manufacturing, and software development.
