The surge in IPO activity comes amid a cautious yet optimistic market sentiment, as investors continue to evaluate new listings despite broader market volatility. The response to these offerings could set the tone for the rest of June.
Here’s a breakdown of the IPO action to watch:
Oswal Pumps IPO
Oswal Pumps, a prominent manufacturer of water pumps and pumping systems, is launching its IPO on June 13 in the mainboard segment, with subscriptions open until June 17. The shares will be listed on both BSE and NSE. IIFL Capital is managing the issue. The price band will be announced shortly.
Investors interested in India’s growing infrastructure and agricultural water management sectors will be watching this IPO closely.
Monolithisch India IPO
Opening on June 12, Monolithisch India—an engineering solutions firm—aims to raise up to Rs 82.02 crore with a price band of Rs 135–143 per share. The IPO closes on June 16 and will be listed on the NSE SME platform. Hem Securities is the lead manager.
Jainik Power and Cables IPO
Jainik Power and Cables’ IPO opens on June 10 and closes on June 12. With a price band of Rs 100–110 per share and an issue size of Rs 51.30 crore, the IPO targets the NSE SME platform. Fast Track Finsec is the lead manager. The company specializes in power cables and wiring solutions, catering to India’s expanding power infrastructure sector.
Sacheerome IPO
Sacheerome, a chemicals and fragrances firm, will open its IPO on June 9 and close on June 11. Priced at Rs 96–102 per share, with an issue size of Rs 61.62 crore, the shares will list on the NSE SME platform. GYR Capital Advisors is managing the issue.Apart from the new IPO openings, shares of Ganga Bath Fittings will be listed on the NSE SME platform on June 11.
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