IPO Rush: HDB Financial Services, Kalpataru, Sambhv Steel Tubes Among Public Issues To Hit The Street
The mainboard segment will see six major issues opening for subscription like HDB Financial Services, Kalpataru, Globe Civil Projects, Sambhv Steel Tubes, Ellenbarrie Industrial Gases and Indogulf.
The upcoming week, starting June 23, is one of the busiest periods of the year in the primary market. There are a significant number of initial public offerings opening for subscription this week with several highly anticipated names.
Investors will have a wide array of opportunities across both mainboard and SME segments.
The mainboard segment will see six major issues opening for subscription like HDB Financial Services, Kalpataru, Globe Civil Projects, Sambhv Steel Tubes, Ellenbarrie Industrial Gases and Indogulf Cropsciences.
Mainboard IPO: HDB Financial, Kalpataru And More
HDB Financial Services, the HDFC Bank subsidiary, will open its issue on June 25 and close on June 27. The price band is set between Rs 700 and Rs 740 per share, with an issue size of Rs 12,500 crore. Allotment is expected by June 30, and listing on July 2.
The real estate developer Kalpataru's IPO will be open from June 24 to June 26, with a price band of Rs 387 to Rs 414 per share, aiming to raise Rs 1,590 crore. The allotment is slated for June 27, and listing on July 1.
Sambhv Steel Tubes IPO will be open from June 25 to June 27, priced at Rs 77 to Rs 82 per share. The issue size is Rs 540 crore, the allotment is expected on June 30, and listing on July 2.
Ellenbarrie Industrial Gases IPO will be open from June 24 to June 26, and is priced at Rs 380 to Rs 400 per share. This is for an issue size of Rs 400 crore. Allotment will be on June 27, and listing on July 1.
Globe Civil Projects IPO will be open for subscription from June 24 to June 26, with a price band of Rs 67 to Rs 71 per share, to raise Rs 119 crore. Allotment is scheduled for June 27, and listing on July 1.
Indogulf Cropsciences IPO will open on June 26 and close on June 30. The price band, however, is yet to be announced.
SME IPOs: Safe Enterprise, Globe Civil Projects And More
SME IPOs like AJC Jewel, Icon Facilitators, Abram Food, Shri Hare-Krishna Sponge Iron, Suntech Infra Solutions, PRO FX Tech and Ace Alpha Tech will also be available for subscription this week.
Globe Civil Projects, Safe Enterprises Retail Fixtures, Shri Hare-Krishna Sponge Iron are the largest in the lot for the week.
