Despite global economic uncertainty, the domestic IPO market is poised for significant activity next week.
New Delhi: The Indian stock market is set to open a new window of opportunities for IPO investors in the upcoming week, beginning June 16th. Six new issues will open for investment, while five companies are preparing for their stock market listings. This week will be particularly crucial for investors active in the primary market or seeking to capitalize on new listings.
Renewed Buzz in the Primary Market
Although volatility persists in global markets, enthusiasm in the Indian IPO market remains high. Significant activity is observed, particularly in the SME segment. This week features five issues from small and medium-sized enterprises (SMEs), and one mainboard issue, offering investors diverse options.
Arisinfra Solutions Issue on the Mainboard
The most prominent issue this week is Arisinfra Solutions, launching on the mainboard. This company supplies construction materials related to real estate and infrastructure development. Arisinfra's issue will be open from June 20th to June 22nd. The price band is set at ₹210 to ₹222 per share. The company aims to raise ₹499.6 crore, a completely fresh issue with no OFS component. Investor interest remains high, driven by the company's b growth and the demand in the infrastructure sector.
Five New Issues in the SME Segment
Patil Automation Limited
This Pune-based company provides welding and line automation solutions. Its issue opens on June 16th and closes on June 18th. The price band is ₹114 to ₹120, and the issue size is ₹69.61 crore.
Samay Project Services
This company provides EPC services. The issue will be open from June 16th to June 18th. The price band is ₹32 to ₹34, and the total amount to be raised is approximately ₹15 crore.
Eppeltone Engineers Limited
This Delhi-based company manufactures electronic energy meters. Its issue opens on June 17th. The price band is ₹125 to ₹128, and the total amount is ₹43.96 crore.
Influx Healthtech
This healthtech company will be open to investors from June 18th to June 20th. The price band is set at ₹91 to ₹96. The total issue size is ₹58.6 crore, comprising ₹48 crore of fresh issue and the remainder as OFS.
Mayasheel Ventures
This company operates in the road construction sector. Its issue opens on June 20th. The issue size is ₹27.28 crore, and the price band is set at ₹44 to ₹47.
Two Issues Closing This Week
- Oswal Pumps Limited: This issue closes on June 17th. The price band is ₹584 to ₹614, and the total size is ₹1,387.3 crore. It was already 42% subscribed on the first day.
- Monolithisch India: This company's ₹82 crore issue closes on June 16th.
- Aten Papers & Foam: The closing date for this issue is June 17th, with a total size of ₹31.7 crore.
Upcoming Listings
- Sacheerome: Listing on NSE Emerge on June 16th.
- Jainik Power and Cables: Will list on June 17th.
- Monolithisch India: Listing on June 19th.
- Aten Papers & Foam: Listing on BSE SME on June 20th.
- EKI Energy Services: A listing is also anticipated.
Investment Strategy for Investors
Investors aiming for short-term gains can leverage listing gains by investing limited capital in SME IPOs. However, it's crucial to note that SME issues exhibit higher volatility and may face liquidity challenges.
Long-term investors can rely on companies with b fundamentals like Arisinfra. The company's financial position and sector prospects make it a stable investment option.
