From DEE Development Engineers To Akme Fintrade: 9 IPOs To Hit Market This Week

India's financial markets promise a surge of activity with the launch of nine new initial public offerings (IPOs). From Durlax Top Surface to Stanley Lifestyles IPO, these companies will go public this week. Let's look at the details of these nine issues, including three mainboards and six SME IPOs.

The IPOs of Akme Fintrade India Limited, DEE Development Engineers Limited and Stanley Lifestyles Limited are the three mainboard issues that will open for bidding this week.

1. DEE Piping Systems IPO (DEE Development Engineers Limited)

Among the notable offerings set to hit the market is DEE Piping Systems, whose IPO opens on June 19, 2024, and closes on June 21, 2024. This book-built issue aims to raise Rs 418 crore through a combination of fresh issue and offer for sale, with a price band set between Rs 193 and Rs 203 per share.

2. Aasaan Loans IPO (Akme Fintrade India Limited)

Simultaneously, Akme Fintrade India IPO will also open for subscription from June 19 to June 21, 2024, aiming to raise Rs 132 crores through a fresh issue of shares priced between Rs 114 and Rs 120 per share. Gretex Corporate Services Limited is the book-running lead manager of the Aasaan Loans IPO.

3) Stanley Lifestyles IPO (Stanley Lifestyles Limited)

Stanley Lifestyles IPO will open for subscription on June 21 and close for bidding on June 25, 2024. Stanley Lifestyles plans to raise Rs 537.02 crore through a mix of fresh issue and offer for sale. The IPO includes 0.54 crore fresh shares and 0.91 crore shares for sale, priced between Rs 351 and Rs 369 per share. Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead managers of the IPO.

4. GEM Enviro IPO (GEM Enviro Management Limited)

Another SME IPO to watch is GEM Enviro, scheduled to open on the same date with a price band of Rs 71 to Rs 75 per share, aiming to raise Rs 44.93 crores. The offering includes both a fresh issue and an offer for sale, the minimum lot size for an application is 1600 shares. The minimum amount of investment required by retail investors is Rs 1,20,000.

5. Durlax Top Surface IPO (Durlax Top Surface Limited)

Durlax Top Surface IPO will open for bidding on June 19 and close on June 21, 2024, The company aims to raise Rs 40.80 crore through its IPO. The offering includes a fresh issue of 42 lakh shares and an offer for sale of 18 lakh shares, totalling Rs 28.56 crore and Rs 12.24 crore, respectively. Priced between Rs 65 and Rs 68 per share, the IPO is managed by Expert Global Consultants Private Limited, with Bigshare Services Pvt Ltd acting as the registrar.

6. Falcon Technoprojects IPO (Falcon Technoprojects India Limited)

Falcon Technoprojects India IPO will open for bidding on June 19 and close on June 21, 2024, aiming to raise Rs 13.69 crore through the issuance of 14.88 lakh fresh shares. Priced at Rs 92 per share, Falcon Technoprojects India focuses on providing technologically advanced solutions in various sectors. Kunvarji Finstock Pvt Ltd is the appointed book-running lead manager, while Kfin Technologies Limited serves as the registrar.

7. EnNutrica IPO (Dindigul Farm Product Limited)

EnNutrica’s IPO will be open for subscription from June 20 to June 24, 2024. The company plans to raise Rs 34.83 crore through a fresh issue of 64.5 lakh shares, priced between Rs 51 and Rs 54 per share. Managed by Beeline Capital Advisors Pvt Ltd, the IPO aims to capitalise on the growing demand for nutritional supplements and health products. The minimum lot size for an application is 2000 shares amounting to an investment of Rs 1,08,000 required by retail investors.

8. Winny Immigration IPO (Winny Immigration and Education Services Limited)

Winny Immigration IPO is scheduled to open from June 20 to June 24, 2024, aiming to raise Rs 9.13 crore through its initial public offering. The company will issue 6.52 lakh fresh shares at a fixed price of Rs 140 per share, facilitated by Interactive Financial Services Ltd as the book-running lead manager.

9. Medicamen Organics IPO (Medicamen Organics Limited)

Medicamen Organics IPO will be open for bidding on June 21 and close on June 25, 2024, with the company aiming to raise Rs 10.54 crore through a fresh issue of 31 lakh shares, priced between Rs 32 and Rs 34 per share. The minimum lot size for an application is 4000 shares amounting to Rs 1,36,000 as the minimum amount of investment required by retail investors. GYR Capital Advisors Private Limited is managing the IPO.