As of May 2024, the market had launched 31 mainboard IPOs, with an average listing gain of 26.39%. In addition, small and medium-sized enterprise IPOs have attracted significant interest, with more than 100 small and medium-sized enterprise IPOs listed.
“With the domestic economy performing well, the equity market thriving and retail investor engagement on the rise, India is set to witness a surge in the IPO market. The IPO market is looking to maintain its sustained momentum over the long term and this year has the potential to be the best ever year for IPOs. India's robust macroeconomic environment and promising growth prospects so far have created an ideal backdrop for this vibrant IPO market. Moreover, there has been active participation from both domestic institutional and retail investors,” said Mahavir Lunawat, Managing Director, Pantomas Capital Advisors.
Indian IPO investors are anticipating June 2024 to be an exciting month with several promising small and medium sized enterprises and mainboard companies set to go public this month. These organisations operate across a range of industries including engineering, chemicals, pharmaceuticals and logistics.
Here's a comprehensive rundown of the most significant IPOs in June 2024 and the key information you need to know.
1) Stanley Lifestyle
Stanley Lifestyles' IPO will open for subscription on June 21 and close on June 25. Stanley Lifestyles' IPO is a bookbuilt issue worth Rs 5,370 crore. The offering includes a fresh issue of 0.54 million shares worth Rs 2,000 crore and an offer for sale of 0.91 million shares worth Rs 3,370 crore.
Stanley Lifestyle's IPO price band is Rs 351-369 per share. The bookrunners for the IPO are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited and the registrar is Kfin Technologies Limited.
2) Allied Blenders & Distillers IPO
Allied Blenders' IPO opened for subscription on June 25 and will close on June 27. The IPO is a bookbuilt issue worth Rs 1,500 crore. The offering includes a fresh issue of 3.56 crore shares worth Rs 1,000 crore and a second offer for sale of 1.78 crore shares worth Rs 5,000 crore.
Allied Blenders' IPO has a price band of Rs 267-281 per share. The bookrunners for the IPO are ICICI Securities Limited, Nuvama Wealth Management Limited and Iti Capital Ltd, while Link Intime India Private Ltd is the registrar.
3) Vraj Steel IPO
Vraj Iron and Steel's IPO opened for subscription on June 26 and will close on June 28. The IPO is a bookbuilt issue worth Rs 1,710 crore. The offering comprises an all-new issue of 0.83 crore shares.
The IPO price band has been set at Rs 195-207 per share. Aryaman Financial Services Limited is acting as the lead manager for the IPO and Bigshare Services Pvt. Ltd. is the registrar.
4) June 26, 2024: Akme Fintrade India (Aasaan Loans) IPOs under new category
5) June 26, 2024: Dee Development Engineers IPO listed under new category
FAQ
What is the IPO Calendar?
The IPO Calendar shows the schedule and timeline of current and upcoming IPOs.
Why is the IPO calendar important?
The IPO calendar shows important dates for various upcoming IPOs, including issue start and end dates, allotment date, listing date, etc.
What are the big IPOs in June 2024?
Here's a roundup of initial public offerings (IPOs) from June.
a) Chronox Lab Science – June 3, 2024
b) Le Travenne Technology (Ixigo) – June 10, 2024
c) Acme Fintrade India (Ahsan Loan) – June 19, 2024
d) D Development Engineer – June 19, 2024
e) Stanley Lifestyle – June 21, 2024
f) Allied Blenders & Distillers – June 25, 2024
g) Vraj Steel – June 26, 2024
