Exciting IPOs This Week: HDB Financial, Kalpataru, and More Set to Hit Dalal Street

This week, Dalal Street is set to witness a flurry of IPO activity with five mainboard IPOs and eleven SME issues. From financial giants to real estate developers, companies across various sectors are ready to raise funds in a strong market environment.

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Exciting IPOs This Week: HDB Financial, Kalpataru, and More Set to Hit Dalal Street

Real Estate News:Get ready for a power-packed week on Dalal Street. The primary market is set to witness a flurry of activity as five mainboard IPOs and eleven SME issues are set to open for subscription this week. From financial giants to steel makers and from real estate developers to jewellery manufacturers, companies across sectors are queuing up to raise funds amid strong market sentiment. There is plenty to choose from as over Rs 15,800 crore worth of IPOs are lined up between June 23 and June 30.

Mainboard Action: 5 Big IPOs Set to Open

HDB Financial Services IPO
HDB Financial Services, a non-banking financial company promoted by HDFC Bank, is set to open its Rs 12,500 crore IPO on June 25. The issue will close on June 27. This is the largest IPO of the year so far. It is a mix of a fresh equity issue worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by existing shareholders. The company has fixed a price band of Rs 700 to Rs 740 per equity share. The shares are proposed to be listed on both BSE and NSE, with the tentative listing date set for July 2. MUFG Intime India is acting as the registrar to the issue. The proceeds from the fresh issue are expected to be used for capital requirements and general corporate purposes.

Globe Civil Projects IPO
Globe Civil Projects is entering the market with its maiden public offer of Rs 119 crore. The IPO will open for bidding on June 24 and close on June 26. This issue is entirely a fresh equity offering, with no offer for sale by existing shareholders. The company, engaged in infrastructure and EPC contracts, aims to use the funds for ongoing projects and expansion plans. The price band is set at Rs 67 to Rs 71 per share, with investors required to apply for a minimum of 211 shares per lot. This translates into an application amount of nearly Rs 15,000 at the upper end. The shares are likely to be listed on the exchanges on July 1.

Ellenbarrie Industrial Gases IPO
Ellenbarrie Industrial Gases is planning to raise Rs 852.53 crore through its IPO, which opens for subscription on June 24 and closes on June 26. The issue consists of a fresh issue of Rs 400 crore and an OFS component of Rs 452.53 crore. The company operates in the production and distribution of industrial and medical gases. The price band for the issue has been set at Rs 380 to Rs 400 per share. Investors need to bid for a minimum of 37 shares. The tentative listing date for the shares is July 1. Kfin Technologies is serving as the registrar for this offer.

Kalpataru Projects IPO
Real estate developer Kalpataru Projects is looking to raise Rs 1,590 crore via a public issue that opens on June 24 and closes on June 26. This IPO is purely a fresh issue, with no shares being offered for sale. The company plans to deploy the raised capital towards expansion of residential and commercial projects and reduction of debt. The price band has been fixed at Rs 387 to Rs 414 per equity share. Kalpataru’s shares are expected to be listed on the exchanges by July 1, 2025.

Sambhv Steel Tubes IPO
Sambhv Steel Tubes will launch its Rs 540 crore IPO on June 25, closing on June 27. This offer includes a fresh issue of Rs 440 crore and an OFS worth Rs 100 crore. The company manufactures steel pipes and tubes used in construction, infrastructure, and industrial applications. The price band for the IPO is Rs 77 to Rs 82 per share. The tentative listing date has been set for July 2.

SME Segment: 11 IPOs Across Sectors to Open

The SME board will be no less exciting, with 11 new companies opening their IPOs this week. These range from jewellery and food businesses to EV tech and infrastructure services.

AJC Jewel Manufacturers IPO
Opening on June 23, AJC Jewel’s Rs 15.39 crore issue is priced between Rs 90 to Rs 95. The company is offering 16.2 lakh fresh shares and plans to list on BSE SME on July 1.

Abram Food IPO
Opening on June 24, Abram Food’s Rs 13.99 crore fixed-price issue is priced at Rs 98 per share. The food company’s shares are also expected to list on BSE SME on July 1.

Icon Facilitators IPO
Also opening on June 24, Icon Facilitators is offering 21 lakh shares via a Rs 19.11 crore issue. The price band is set at Rs 85 to Rs 91, with a tentative listing on July 1.

Shri Hare-Krishna Sponge Iron IPO
This steel and sponge iron player is raising Rs 29.91 crore through a fresh issue of 50.7 lakh shares. The IPO opens on June 24 and closes on June 26, with a listing expected on NSE SME on July 1.

Suntech Infra Solutions IPO
Opening on June 25, this Rs 44.39 crore issue is a mix of fresh shares and OFS. The price band is Rs 81 to Rs 86, and the listing is likely to be on July 2.

Supertech EV IPO
Targeting India’s electric vehicle boom, Supertech EV’s IPO opens on June 25 with a Rs 29.90 crore fresh issue. The price band is Rs 87 to Rs 92, and listing is expected on BSE SME on July 2.

Moving Media Entertainment IPO
This media company is launching a fresh issue of 62 lakh shares on June 26. The price band is yet to be announced. Tentative listing date is July 3 on NSE SME.

Valencia India IPO
Valencia India’s Rs 48.95 crore IPO will run from June 26 to June 30. It includes a Rs 44 crore fresh issue and Rs 4.95 crore OFS, with a price band of Rs 95 to Rs 110 and listing on BSE SME on July 3.

Ace Alpha Tech IPO
Also opening on June 26, Ace Alpha Tech’s Rs 49.97 crore issue includes fresh equity and OFS, priced at Rs 101 to Rs 107 per share. Listing is expected on BSE SME on July 3.

PRO FX Tech IPO
This tech-focused SME IPO will open on June 26 with a fresh issue of 46.32 lakh shares, priced between Rs 82 to Rs 87. It will list on NSE SME on July 3.

Neetu Yoshi IPO
Opening on June 27, Neetu Yoshi is offering 1.02 crore fresh shares, with pricing yet to be revealed. The listing is tentatively set for July 4 on BSE SME.

IPO Listings: From Arisinfra to Safe Enterprises, 8 Companies to Debut This Week
The final week of June is not just packed with IPO openings, it is also bustling with listings. A total of eight companies are set to make their market debut, with most of them from the SME segment on the NSE platform. Kicking off the week, Patil Automation and Samay Project Services will list on June 23. This will be followed by Eppeltone Engineers, which will make its debut on June 24. The midweek action continues with the mainboard listing of Arisinfra Solutions on June 25, alongside Influx Healthtech, an NSE SME entrant. The week wraps up with a heavy listing day on June 27, where three SME companies – Safe Enterprises Retail Fixtures, Aakaar Medical Technologies, and Mayasheel Ventures are scheduled to list on the NSE SME platform.

Frequently Asked Questions

What are the key IPOs opening this week on Dalal Street?

This week, five mainboard IPOs and eleven SME issues are set to open. The mainboard IPOs include HDB Financial Services, Globe Civil Projects, Ellenbarrie Industrial Gases, Kalpataru Projects, and Sambhv Steel Tubes.

What is the largest IPO of the year so far?

The largest IPO of the year so far is HDB Financial Services, with a proposed IPO size of Rs 12,500 crore. It is a mix of a fresh equity issue worth Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by existing shareholders.

What is the price band for the Kalpataru Projects IPO?

The price band for the Kalpataru Projects IPO is set at Rs 387 to Rs 414 per equity share. The issue opens on June 24 and closes on June 26.

Which SME companies are set to debut this week?

Eight SME companies are set to make their market debut this week. These include Patil Automation, Samay Project Services, Eppeltone Engineers, Arisinfra Solutions, Influx Healthtech, Safe Enterprises Retail Fixtures, Aakaar Medical Technologies, and Mayasheel Ventures.

What is the purpose of the funds raised by Globe Civil Projects through its IPO?

Globe Civil Projects aims to use the funds raised through its IPO for ongoing projects and expansion plans. The company is engaged in infrastructure and EPC contracts.