IPO Avalanche: 7 New Offers, 19 Listings Set Dalal Street Abuzz This Week

India's largest market is on overdrive as the first week of July starts on a roll with a flurry of IPO activity. With seven new offerings hitting the road and 19 companies listing on the exchanges, investors can look forward to a high-voltage trading week.

Subscription Highlight

Crizac, an international student recruitment portal, is the sole mainboard IPO to be listed this week. The ₹860 crore issue is available for subscription on July 2 to July 4 at a price band of ₹233–₹245 per share.

Travel Food Services, funded by marquee investors, opens its ₹2,000 crore issue on July 3 and closes July 7.

In the SME segment, five IPOs—Silky Overseas, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions, and Vandan Foods—opened on June 30 and will be closing on July 2.

Cryogenic OGS will finish the SME action, opening July 3 and closing July 7.

Lineup Listing

Six mainboard firms are to list next week: Kalpataru, Ellenbarrie Industrial Gases, and Globe Civil Projects on July 1; HDB Financial Services and Sambhv Steel Tubes on July 2; and Indogulf Cropsciences on July 3.

Thirteen SME businesses will also be making their entry, some of which are AJC Jewel Manufacturers, Shri Hare-Krishna Sponge Iron, Icon Facilitators, Abram Foods, Supertech EV, Suntech Infra Solutions, Rama Telecom, PRO FX Tech, Ace Alpha Tech, Valencia India, Moving Media Entertainment, Adcounty Media India, and Neetu Yoshi.

Investor Pulse

Oversubscription trends continue strong, especially in the SME segment, where investor demand continues to outstrip expectations.

Analysts warn of caution since grey market premiums are very unstable and some of the recent ones have had poor debuts.

Market Mood

From education and dining to style, chemicals, and EVs, this week's IPO pipeline is indicative of India's widening capital market universe. High-voltage week lies ahead to test investor mood and liquidity, especially with back-to-back listings and concurrent subscription periods.

Sources: Moneycontrol, Financial Express, NDTV Profit, Economic Times, BloombergQuint
 

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