Mainboard IPOs Surge: Advit Jewels and Waterways Lead Market

Jyoti Rathi - Kolkata Bureau Jun 21, 2026 1,600 Views

The Indian primary market is seeing a surge in activity this week with the launch of major mainboard IPOs from Waterways Leisure Tourism, Advit Jewels, and CSM Technologies. Collectively, these companies are seeking to raise significant capital, providing investors with a diverse range of opportunities in the cruise, jewellery, and IT sectors.

Investors are eyeing a busy week in the Indian capital markets, with three prominent mainboard initial public offerings (IPOs) scheduled to open for subscription starting June 23, 2026. This cluster of offerings, alongside several ongoing SME issues, is expected to draw significant attention from both retail and institutional investors as they look to capitalize on the sustained momentum in India’s primary market.

Major Mainboard Offerings This Week

The mainboard segment is set to see substantial activity with the launch of public issues from Advit Jewels, Waterways Leisure Tourism, and CSM Technologies. These companies are collectively aiming to raise over ₹890 crore, reflecting continued appetite for diverse business models in the Indian market.

Waterways Leisure Tourism Limited: Operating India’s premium cruise line, Cordelia Cruises, the company is set to launch its ₹585-crore IPO. The subscription window opens on June 23 and closes on June 25. With a price band set between ₹769 and ₹808 per share, the issue is entirely a fresh offering intended to support lease-related payments for its subsidiary and bolster general corporate growth.
Advit Jewels Limited: This Jaipur-based manufacturer, known for its "Rambhajo" brand of handcrafted fine jewellery, will launch its ₹165.16-crore IPO on June 23. The issue will close on June 25, with shares priced in the ₹130–₹138 band. The company plans to deploy the proceeds toward working capital and debt repayment.
CSM Technologies Limited: The IT consulting and digital solutions provider is scheduled to open its ₹145.78-crore IPO on June 24, with the subscription period closing on June 29. The company has fixed its price band at ₹107–₹113 per share.

Ongoing IPO Activity

In addition to these new launches, the Turtlemint Fintech Solutions IPO, which opened on June 19, is entering its final stages, with the subscription period slated to conclude on June 23. Investors are also monitoring several SME segment offerings, including Shreedhar Spinners, Jivial Industries, and Dhanwel Hybrid Seeds, all of which are hitting the market this week.

Official Sources

Market data regarding these public offerings has been consolidated from regulatory filings and official press releases from the respective companies. According to the Securities and Exchange Board of India (SEBI) and stock exchange updates, the listing timeline for these issues is expected to unfold in early July 2026, with the first wave of debutants appearing on the BSE and NSE on July 1.

Quote Section

"The market continues to show resilience as companies from diverse sectors, ranging from cruise tourism and luxury jewellery to specialized IT services, tap into public funds for expansion," financial market analysts stated in recent industry reports.

Why It Matters

For investors, this influx of primary market offerings presents a diverse range of opportunities across the retail, manufacturing, and technology sectors. The significant activity in both mainboard and SME segments underscores a broader trend of liquidity and confidence in the Indian equity markets. Potential applicants are encouraged to review the Red Herring Prospectus (RHP) for each company to assess financial performance, risk factors, and the proposed use of funds before committing capital.

Key Facts at a Glance

Total IPO Wave: Over six companies across mainboard and SME segments are hitting the market this week.
Key Mainboard Dates: Subscriptions for Advit Jewels and Waterways Leisure Tourism open on June 23, while CSM Technologies follows on June 24.
Sectoral Diversity: Offerings span cruise hospitality, fine jewellery, IT digital solutions, and textile manufacturing.
Investment Access: Retail investors can apply through BSE and NSE platforms using UPI-based mandates.

FAQ

What are the primary investment risks for these IPOs?

Investors should consider risks related to market volatility, the company's dependency on specific sectors like tourism or luxury retail, and the potential for project delays in capital-intensive expansions.

How can I apply for these public issues?

Applications can be submitted through ASBA-enabled bank accounts or via most major stock brokerage mobile applications using UPI payment methods.