After nearly three weeks of quiet activity in the mainboard IPO segment, the primary market is finally picking up pace again.
Between June 1 and June 5, a total of five companies are set to launch their IPOs.
Together, these public offerings are expected to raise more than ₹900 crore, making this one of the busiest weeks for the IPO market in recent months.
Most of the fundraising will come from two major mainboard IPOs, while three SME issues will also hit the market.
Mainboard IPOs Make a Comeback
The first mainboard IPO of the week is from CMR Green Technologies, a company involved in non-ferrous metal recycling.
The IPO will open for subscription on June 3.
The company plans to raise ₹631 crore through an Offer for Sale (OFS) of 3.28 crore shares. Since the issue is entirely an OFS, the company itself will not receive any funds from the IPO.
The price band has been fixed at ₹182 to ₹192 per share.
Another major IPO comes from Hexagon Nutrition, a company focused on nutrition and health solutions.
Its public issue will open on June 5 and aims to raise nearly ₹139 crore.
The IPO consists of an Offer for Sale of 3.08 crore shares by existing promoters, with a price band of ₹42 to ₹45 per share.
SME Segment Remains Active
While the mainboard segment is returning to action, the SME market continues to see strong participation.
Three SME IPOs are collectively looking to raise more than ₹138 crore this week.
Merritronix, an electronics systems design and manufacturing company, has already opened its ₹70 crore IPO.
The company has fixed a price band of ₹141 to ₹149 per share.
Next is Vahh Chemicals, a manufacturer of textile auxiliary chemicals.
Its IPO will open on June 4 and aims to raise ₹13.45 crore through a fixed-price issue.
The shares have been priced at ₹60 each.
The third SME issue comes from Genxai Analytics, a company that provides enterprise performance and analytics solutions.
The company plans to raise ₹54.8 crore through a fresh issue of 47.28 lakh shares, with a price band of ₹110 to ₹116 per share.
Two IPOs Are About to Close
Investors interested in ongoing IPOs should also keep an eye on closing dates.
Aureate Tradde, a supplier of industrial and technology materials, will close its ₹27 crore IPO on June 2.
So far, the issue has received around 15% subscription.
Meanwhile, SMR Jewels has extended the closing date of its ₹64 crore IPO until June 3.
The issue has attracted approximately 42% subscription so far.
Busy Week for Stock Market Listings
The action is not limited to new IPO launches. Several companies are also scheduled to make their stock market debut this week.
M R Maniveni Foods was listed on the NSE on June 1 at ₹42.55 per share, which was about 18.2% below its issue price of ₹52.
Upcoming listings include:
Yaashvi Jewellers on June 2
Rajnandini Fashion India on June 3
IPO Market Showing Signs of Revival
With five new IPOs opening, multiple listings scheduled, and investor activity increasing, the primary market appears to be regaining momentum after a slow phase.
The return of mainboard IPOs, combined with strong SME participation, suggests that the coming weeks could be much more active for investors looking for new opportunities in the stock market.
