The stock market is showing signs of recovery after tensions in West Asia eased. Taking advantage of the improving market mood, three companies are set to launch their IPOs this week.
The upcoming IPOs include cruise service provider Waterways Leisure Tourism, Jaipur-based jewellery company Advit Jewels,
and IT solutions provider CSM Technologies. Several other companies are also preparing to enter the market in the coming weeks.
SBI Mutual Fund and Zepto IPOs in Focus
Market sources suggest that quick-commerce giant Zepto could launch an IPO worth more than ₹10,000 crore in the near future.
Meanwhile, SBI Mutual Fund, India’s largest mutual fund company, is reportedly planning an IPO of around ₹13,000 crore, which could arrive as early as next month.
Apart from these, packaging solutions company NAC Packaging may announce its IPO price band next week.
Earlier this month, CMR Green Technologies and Hexagon Nutrition launched their IPOs. Digital insurance company Turtlemint Fintech Solutions also opened its IPO on June 19, which will remain open until June 23.
Waterways Leisure Tourism IPO Details
Waterways Leisure Tourism aims to raise ₹585 crore through its IPO.
The company has fixed a price band of ₹769 to ₹808 per share. The IPO will open on June 23 and close on June 25.
Advit Jewels IPO Opens on June 23
Advit Jewels is launching a ₹165.16 crore IPO.
The company has set a price band of ₹130 to ₹138 per share. The issue will open on June 23 and close on June 25.
As part of the offering, the company will issue 1.2 crore new equity shares.
CSM Technologies and NAC Packaging Plans
CSM Technologies has fixed its IPO price band at ₹107 to ₹113 per share for its ₹146 crore public issue.
The IPO will open on June 24 and close on June 27.
NAC Packaging is also expected to move ahead with its IPO process soon. The proposed issue includes fresh shares worth ₹475 crore along with an Offer for Sale (OFS) of 70 lakh equity shares by existing promoters and shareholders.
The company plans to use around ₹435 crore from the fresh issue to set up a new manufacturing plant in Borisana, located in Gujarat’s Mehsana district.
