India’s primary market is abuzz with activity in the next five trading session. As the calendar flips into June, the IPO season is in full bloom. A total of 10 companies are set to debut on the stock exchanges, and one new SME IPO is opening for subscription. From hospitality to petrochemicals, here is a closer look at the companies hitting the market.
IPO opening this week
Ganga Bath fittings IPO: The only fresh issue this week
While several firms will hit the market with their listing bells, Ganga Bath Fittings is the only company opening its IPO this week. Scheduled to run from June 4 to June 6, the SME player is looking to raise around Rs 32.65 crore through a completely fresh issue.
The price band has been set between Rs 46 to Rs 49 per share, with a face value of Rs 10. The IPO is being managed by Jawa Capital Services, and KFin Technologies is the registrar.
Listings this week
Monday: Two Companies to Debut on Dalal Street
The week kicks off with two mainboard listings on Monday, June 2.
First is Leela Hotels, better known as Schloss Bangalore, which raised funds at Rs 435 per share and had a last-seen grey market premium (GMP) of Rs 4.
The second is Aegis Vopak Terminals, priced at Rs 235 with a modest GMP of Rs 1.5.
Both companies were moderately subscribed during their IPO phases, with Leela Hotels seeing a 4.72 times subscription and Aegis Vopak closing at 2.20 times.
Tuesday: Four Companies to hit the market together
Tuesday, June 3, will be the busiest day of the week in terms of listings. Tech player Prostarm Info Systems is among the most anticipated, having seen a 9.2 times subscription and carrying a GMP of Rs 17.
Alongside it, three SME firms – Blue Water Logistics, Nikita Papers, and Astonea Labs will also make their market debut. While these SMEs had lower visibility and muted GMPs as of June 1.
Wednesday belongs to the industrials
On June 4, the industrial sector takes center stage. Pipe manufacturer Scoda Tubes leads the charge on the mainboard with an issue price of Rs 140 and a GMP of Rs 20.5.
Joining it are SME firms NR Vandana Tex Industries, a textile player with a GMP of Rs 14, and Neptune Petrochemicals, which did not have a visible grey market premium.
Friday wraps Up with 3B Films listing
The final listing of the week is 3B Films, an SME packaging material company. Priced at Rs 50 per share, it is scheduled to debut on Friday, June 6. As of the latest update, the stock was commanding a small GMP of Rs 3.