Upcoming IPOs: June 2025 Set for Busy Period

October 26, 2024

The ⁣domestic primary ⁢market ‍anticipates ⁤a‌ flurry of activity with ‍several companies planning initial public⁢ offerings (IPOs) between June 23 and⁤ July 1, 2025. ​Both mainboard and SME⁢ issues are slated to open for subscription, representing sectors including financial services, infrastructure, technology, manufacturing,​ and electric mobility.

HDB Financial Services’ IPO is the moast prominent, seeking to raise Rs 12,500 crore. Other companies,‌ including Kalpataru​ and ‍Ellenbarrie Industrial Gases, along with a ​number of SME players, are also preparing ‌to launch ‍their IPOs.

Here’s a‍ look at the scheduled public ‍issues:

HDB Financial Services⁢ IPO

HDB⁣ Financial Services plans ​to open its IPO​ from June 25 to June 27, aiming ‌to raise Rs 12,500 ‌crore. The price band is set between‌ Rs 700 and Rs 740. the ⁣non-banking financial services company is expected⁢ to list on both the BSE and NSE on July⁤ 2, 2025.

The IPO’s book running lead managers (BRLMs) include BNP Paribas, JM Financial,⁣ Bofa Securities India, Goldman Sachs India, HSBC ‍Securities & ​Capital Markets, IIFL Capital Services, Jefferies⁤ India, Morgan Stanley India, Motilal ​Oswal Investment Advisors, Nomura Financial Advisory And Securities India, Nuvama wealth ⁢Management, and⁣ UBS‍ Securities India. Link ‍Intime India‌ Pvt Ltd is the registrar.

Kalpataru‌ IPO

Kalpataru Limited will open its IPO from June 24 to June 26,⁣ seeking to raise Rs 1,590 crore. The⁢ price band is between Rs 387 and Rs 414. Listing on the BSE and NSE is expected ‌on July​ 1, 2025.

ICICI Securities, ⁢JM Financial, and Nomura Financial Advisory are the brlms.⁢ MUFG Intime India Pvt Ltd (Link Intime) is the registrar.

Ellenbarrie​ Industrial Gases ‍IPO

Ellenbarrie Industrial Gases is also launching its IPO from June 24 to June 26,with an issue of Rs​ 852.53 crore. The ⁢price​ band ‍is fixed between Rs 380 and Rs​ 400. Tentatively slated for listing on July 1, 2025, on the BSE⁣ and NSE.

Motilal Oswal ⁤Investment Advisors, IIFL Capital Services, and‍ JM Financial are the BRLMs. KFin Technologies Ltd is the registrar.

Sambhv Steel ‌Tubes IPO

Sambhv Steel Tubes⁤ will launch its IPO from June 25 to June ⁢27, offering shares within a price band‍ of ⁢Rs 77 to ⁢Rs⁤ 82. The company targets‍ a total issue size ⁤of Rs 540 crore. Listing ⁣is expected ‌on July 2, 2025,‍ on⁤ the BSE⁢ and NSE.

Nuvama ‍Wealth management and Motilal Oswal Investment Advisors​ are the BRLMs. KFin Technologies Ltd⁣ is the registrar.

Globe Civil ⁢Projects IPO

Globe Civil Projects will open its Rs 119 crore IPO from ⁢June 24 to June 26, with shares⁣ priced between Rs 67 and Rs 71. ​The infrastructure development firm aims to raise funds for ongoing and future civil⁢ engineering projects. Listing is expected on July 1,2025,on the BSE ⁢and⁤ NSE.

Mefcom Capital Markets is the ‌BRLM. KFin ​Technologies⁤ Ltd is the registrar.

Indogulf Cropsciences IPO

Indogulf Cropsciences will launch its IPO from June 26 to June 30. While the price band and ‍issue size are ⁢yet to be ⁢announced, the ‌company will⁣ list its shares on both BSE and NSE, tentatively expected on July 3, 2025.

Systematix⁢ Corporate Services Ltd is the BRLM.Bigshare Services⁢ Pvt Ltd is the registrar.

AJC Jewel Manufacturers SME ⁤IPO

Among the SME listings, AJC‌ Jewel Manufacturers will open its⁤ Rs 14.59 crore IPO ⁤from June 23 to June 26.The price band is fixed at Rs 90 to Rs‍ 95. Specialising in jewelry manufacturing,the company will debut on the BSE SME platform,expected on July 1,2025.

Smart Horizon Capital Advisors is the BRLM. Bigshare Services Pvt ⁢Ltd is​ the registrar.

Abram Food⁣ SME⁣ IPO

opening from ⁢June 24 to June 26, Abram Food Limited will raise Rs 13.29⁢ crore through a fixed-price ⁢issue at Rs⁤ 98 per share.‌ The company, involved in food production ‍and packaging, will be listed on BSE SME, expected on July 1, 2025.

Corporate Makers Capital ltd is the BRLM. KFin Technologies Ltd is the registrar.

Icon Facilitators ⁢SME⁢ IPO

Also scheduled from June 24 to June 26, Icon Facilitators⁢ will issue‌ shares within a price band of ​Rs 85 to Rs 91. The company aims to raise Rs‍ 18.15 crore.Its stock listing ‍is planned on⁢ the BSE SME platform, expected on July 1, 2025.

Khambatta Securities Ltd is the⁢ BRLM. Maashitla Securities Pvt Ltd is the⁢ registrar.

Shri Hare-Krishna Sponge Iron SME IPO

Shri Hare-Krishna Sponge Iron‍ will⁤ launch its IPO ⁢from ‍June 24 to June 26. The Rs 28.39 crore issue is priced between Rs 56 and Rs 59. The firm, engaged in sponge iron production, will be listed on the BSE SME platform, expected ⁤on July 1, 2025.

Hem Securities Limited is the BRLM. KFin Technologies Ltd is the registrar.

Suntech Infra Solutions SME IPO

Suntech Infra Solutions will open its⁣ IPO from June 25 to June 27 with a price band⁤ of Rs 81 to Rs 86. The company⁢ aims to raise Rs 42.16 crore. Operating in the construction ⁤and engineering sector, suntech will​ list on NSE SME, expected‍ on July 2, ‌2025.

GYR Capital ⁣Advisors Pvt Ltd ‌is the BRLM. MAS Services Ltd is the registrar.

Supertech EV IPO

Supertech EV, focusing on electric vehicle ⁢solutions, will launch its IPO ​from June ​25 to June 27. with a price band of Rs‌ 87​ to Rs 92, the company plans to⁢ raise Rs 28.39 ​crore.⁤ It will be listed on BSE SME, expected on July 2, 2025.

Corporate Makers Capital ⁤Ltd is the‍ BRLM. Skyline Financial Services pvt⁢ Ltd is the registrar.

PRO FX Tech SME IPO

Opening from ‍June 26⁢ to June 30, PRO FX Tech will raise Rs 38.21 crore through an IPO priced between Rs 82 and Rs 87. The company’s stock will be listed⁢ on the NSE SME platform, expected on July⁤ 3, 2025.

Hem ⁣Securities ​Ltd ‍is the BRLM. KFin Technologies Ltd is the registrar.

Valencia India SME IPO

Valencia⁣ India ‌will open its SME IPO from June 26 to‍ June 30. The company aims to raise Rs 46.49 crore at a price band of Rs 95 to ‌Rs 110. It will list⁢ its shares on BSE SME, expected on July 3, 2025.

KFin Technologies Ltd‍ is ⁢the registrar.

Ace Alpha Tech ‍SME ⁣IPO

Also scheduled from​ June 26 to June 30,‍ Ace Alpha Tech is bringing a Rs 47.15 crore issue with shares priced ​between Rs 101 and Rs ⁣107. The listing will take place‌ on BSE SME, expected on⁣ July 3, 2025.

KFin Technologies Ltd is the registrar.

Moving‌ Media Entertainment‍ SME IPO

Moving Media Entertainment’s IPO will run from June ‍26 to June 30.The company is set to list on ⁣NSE SME,​ tentatively expected‌ on July 3, 2025. Pricing and issue size details ⁣are yet to be disclosed. The firm operates in the digital media and content production space.

Neetu Yoshi SME‍ IPO

Neetu Yoshi Limited will‍ open its IPO ⁣from June 27‍ to July 1. The BSE SME listing is confirmed, expected on July 4, 2025, but the issue size and pricing have ​not been announced as ‍of​ now.

horizon ⁤Management ‌Private Limited⁣ is the BRLM.⁤ Skyline Financial ‌Services Pvt Ltd is the registrar.

What’s next

Investors ​are advised to review the offer documents carefully before subscribing to these IPOs. Market conditions‍ and company-specific factors⁤ will influence ⁢the success of ​these offerings.