Upcoming IPOs in India: A Look Ahead to Next Week

India’s primary market is gearing up for an exciting week starting June 9, with four companies set to launch their initial public offerings (IPOs). Collectively, these IPOs aim to raise over ₹300 crore, showcasing a diverse range of sectors including manufacturing, engineering, and chemicals. This surge in IPO activity is expected to maintain the momentum seen in recent weeks, despite the broader market’s volatility.

Overview of Upcoming IPOs

The upcoming IPOs will be available across various platforms, including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Small and Medium Enterprises (SME) platforms. Here’s a detailed breakdown of each IPO launching next week:

1. Sacheerome IPO

Company Overview:
Sacheerome is a prominent manufacturer specializing in aromas and fragrances.

IPO Details:

• Issue Size: ₹61.62 crore
• Shares Offered: 60.41 lakh shares (fresh issue)
• Subscription Window: June 9 to June 11
• Price Band: ₹96 to ₹102 per share
• Expected Allotment Date: June 12
• Tentative Listing Date: June 16 on NSE SME

Sacheerome’s IPO is anticipated to attract significant interest due to its established position in the fragrance industry.

2. Jainik Power and Cables IPO

Company Overview:
Jainik Power and Cables focuses on manufacturing electrical cables and related products.

IPO Details:

• Issue Size: ₹51.30 crore
• Shares Offered: 46.63 lakh shares (fresh issue)
• Subscription Window: June 10 to June 12
• Price Band: ₹100 to ₹110 per share
• Minimum Lot Size: 1,200 shares (investment of ₹1,20,000)
• Expected Allotment Date: June 13
• Tentative Listing Date: June 17 on NSE SME

Investors are advised to bid at the cutoff price to avoid oversubscription, which could increase the investment requirement to ₹1,32,000.

3. Monolithisch India IPO

Company Overview:
Monolithisch India is engaged in providing engineering and infrastructure solutions.

IPO Details:

• Issue Size: ₹82.02 crore
• Shares Offered: 57.36 lakh shares (fresh issue)
• Subscription Window: June 12 to June 16
• Price Band: ₹135 to ₹143 per share
• Minimum Investment: ₹1,35,000
• Expected Allotment Date: June 12
• Tentative Listing Date: June 16 on NSE SME

This IPO is expected to attract investors looking for opportunities in the engineering sector.

4. Oswal Pumps IPO

Company Overview:
Oswal Pumps specializes in manufacturing pumps and related equipment.

IPO Details:

• Issue Size: ₹890 crore (including fresh issue and offer for sale of 0.81 crore shares)
• Subscription Window: June 13 to June 17
• Expected Allotment Date: June 18
• Tentative Listing Date: June 20 on both BSE and NSE

While the price band for this IPO is yet to be announced, it is being managed by a consortium of leading financial institutions, including IIFL Capital Services and Axis Capital.

Recent IPO Listing: Ganga Bath Fittings

In addition to the upcoming IPOs, Ganga Bath Fittings is set to list on June 11. This SME IPO, which opened for subscription from June 4 to June 6, focuses on manufacturing CP fittings and sanitary ware. The successful listing of Ganga Bath Fittings will serve as a bellwether for investor sentiment in the SME segment.

Conclusion

The upcoming IPOs present a variety of investment opportunities across different sectors, catering to a wide range of investor interests. As the primary market continues to thrive, these offerings are likely to attract significant attention from both retail and institutional investors. With the potential for robust returns, this week promises to be an exciting time for those looking to participate in India’s growing equity market.