After tensions in West Asia eased, investor confidence has started returning to the stock market.
As market sentiment improves, three companies are set to launch their IPOs this week, while several other firms are preparing to enter the primary market in the coming months.
Three Companies Launching IPOs This Week
Cruise service provider Waterways Leisure Tourism, Jaipur-based jewellery company Advit Jewels, and IT solutions firm CSM Technologies will open their IPOs this week.
Waterways Leisure Tourism plans to raise ₹585 crore through its IPO. The company has fixed a price band of ₹769 to ₹808 per share. The IPO will open on June 23 and close on June 25.
Advit Jewels will also open its ₹165.16 crore IPO on June 23, with the issue closing on June 25. The company has set a price band of ₹130 to ₹138 per share and will issue 1.2 crore new equity shares.
More IPOs Are in the Pipeline
Several other companies are also preparing to launch IPOs. Packaging solutions company NAC Packaging is expected to announce its IPO price band next week.
According to market sources, quick-commerce giant Zepto may launch an IPO worth more than ₹10,000 crore.
Meanwhile, SBI Mutual Fund, India’s largest mutual fund company, could bring an IPO worth around ₹13,000 crore as early as next month.
Recently, CMR Green Technologies and Hexagon Nutrition launched their IPOs in June. Digital insurance platform Turtlemint Fintech Solutions also opened its IPO on June 19, and the issue will close on June 23.
CSM Technologies IPO Details
CSM Technologies has fixed a price band of ₹107 to ₹113 per share for its ₹146 crore IPO. The issue will open on June 24 and close on June 27.
NAC Packaging’s proposed IPO includes a fresh issue of shares worth ₹475 crore along with an Offer for Sale (OFS) of 70 lakh equity shares by existing promoters and shareholders.
The company plans to use around ₹435 crore from the fresh issue proceeds to set up a new manufacturing plant in Borisana, located in Gujarat’s Mehsana district.