The Indian primary market will continue buzzing in the week, starting on June 24 with two mainboards and eight small and medium-sized enterprises' issuances.
The initial public offering of Allied Blenders and Distillers Ltd., the maker of Officer's Choice whisky, will open on June 25 for subscription. Investors who bid for the issue can check the Allied Blenders and Distillers IPO Allotment status here.
The whisky makers aim to raise up to Rs 1,500 crore in the primary market through an offer-for-sale totaling Rs 500 crore and a fresh issue of shares worth Rs 1,000 crore in the price band of Rs 267–281 per share.
Vraj Iron and Steel Ltd., with a Rs 171 crore IPO offering, is the other mainboard issue. The IPO will open on June 26 with a fresh issue of 82.6 lakh shares.
The IPOs of Diensten Tech Ltd., Akiko Global Services Ltd., Mason Infratech Ltd., Shivalic Power Control Ltd., Divine Power Energy Ltd., Petro Carbon and Chemicals Ltd., Sylvan Plyboard (India) Ltd., and Visaman Global Sales Ltd. will open for subscription in the SME space.
The street will also see the listing of the stocks of Dee Development Engineers Ltd. and Akme Fintrade Ltd. in the mainboard space, in the upcoming five trading sessions. There will be nine more listings in the SME space this week.
The fresh issue of Akme Fintrade (India) Ltd., which operates Aasaan Loans, was subscribed 55.12 times on its third and final day, led by non-institutional investors. Meanwhile, the issue of Dee Development Engineers was subscribed to 99.56 times on its final day.
So far in 2024, 33 companies have collectively raised Rs 27,845.38 crore, compared to the Rs 49,400 crore raised by 58 companies throughout 2023.
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