Upcoming IPOs: Nine public issues and one new listing scheduled for next week; check full list here
₹740.10 crore at the upper price band, received healthy response from investors.Around 24 companies are in-line to hit the primary market in the next few months to collectively raise over ₹30,000 crore from IPOs, according to Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd.
- A Leading Mid-Market Investment Bank.Also read: Hyundai Motor India IPO: How the auto major compares with listed peers on valuation, key financial metrics“The growing momentum of new public offerings over the last two years has made India the second-largest IPO market in the world. With election results settled, our analysts predict the IPO wave will gain further momentum in the coming months.
We witness strong investor confidence in the market post-elections with the Modi government returning to power. A total of 24 companies are ready to hit the market in the next couple of months, aiming to raise approximately ₹30,000 crore through IPOs," Lunawat said.DEE Piping Systems IPO opens for subscription on June 19, 2024 and closes on June 21, 2024.
The IPO is a book-built issue amounting to ₹418.01 crores. The offering comprises a fresh issue of 1.6 crore shares totaling ₹325 crores and an offer for sale of 0.46 crore shares amounting to ₹93.01 crores.Also read: DEE Development IPO to kick off for subscription on June 19; check out 10 key things to know from RHP before investingThe price band for the DEE Piping Systems IPO is set between ₹193 and ₹203 per share.
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