Dalal Street has experienced some stabilization following a period of high volatility triggered by the Lok Sabha election results. The market is now gearing up for an eventful week with three Initial Public Offerings (IPOs) on the horizon.
Next week, the IPOs of DEE Piping Systems, Aasaan Loans, and Stanley Lifestyles will open for public subscription. Together, these three IPOs aim to raise more than Rs 1,000 crore.
Before investors decide to subscribe, let’s delve into the details of these IPOs.
### DEE Piping Systems (DEE Development Engineers Limited) IPO
The DEE Piping Systems IPO is structured as a book-built issue worth Rs 418.01 crore. It includes a fresh issue of 1.6 crore shares amounting to Rs 325 crore and an offer for the sale of 46 lakh shares totalling Rs 93.01 crore. The IPO will open for subscription on June 19, 2024, and close on June 21, 2024. The allotment of shares is expected to be finalized on Monday, June 24, 2024. The shares will be listed on both the BSE and NSE, with a tentative listing date of Wednesday, June 26, 2024. The price band for the DEE Piping Systems IPO is set between Rs 193 and Rs 203 per share.
Minimum Lot Size: 73 shares
Minimum Investment for Retail Investors: Rs 14,819
Minimum Investment for sNII: 14 lots (1,022 shares) totalling Rs 2,07,466
Minimum Investment for bNII: 68 lots (4,964 shares) amounting to Rs 10,07,692
SBI Capital Markets Limited and Equirus Capital Private Limited are the book-running lead managers for this IPO, with Link Intime India Private Ltd serving as the registrar.
### Aasaan Loans (Akme Fintrade India Ltd) IPO
The Aasaan Loans IPO aims to raise Rs 132 crore through a fresh issue of 1.1 crore shares. This IPO will be open for subscription from June 19, 2024, to June 21, 2024. The allotment is expected to be finalized on Monday, June 24, 2024, and the shares will be listed on the BSE and NSE, with a tentative listing date of Wednesday, June 26, 2024. The price band for the Aasaan Loans IPO is set between Rs 114 and Rs 120 per share.
Minimum Lot Size: 125 shares
Minimum Investment for Retail Investors: Rs 15,000
Minimum Investment for sNII: 14 lots (1,750 shares) totaling Rs 2,10,000
Minimum Investment for bNII: 67 lots (8,375 shares) totaling Rs 10,05,000
Gretex Corporate Services Limited is the book-running lead manager, and Bigshare Services Pvt Ltd is the registrar for the issue.
Stanley Lifestyles Limited IPO
The Stanley Lifestyles IPO is valued at Rs 537.02 crore, consisting of a fresh issue of 54 lakh shares totalling Rs 200 crore and an offer for sale of 91 lakh shares totalling Rs 337.02 crore. The subscription period for this IPO begins on June 21, 2024, and ends on June 25, 2024. The allotment is expected to be finalized on June 26, 2024, with a tentative listing date of June 28, 2024, on both the BSE and NSE. The price band for the Stanley Lifestyles IPO is set between Rs 351 to Rs 369 per share.
Minimum Lot Size: 40 shares
Minimum Investment for Retail Investors: Rs 14,760
Minimum Investment for sNII: 14 lots (560 shares) amounting to Rs 2,06,640
Minimum Investment for bNII: 68 lots (2,720 shares) amounting to Rs 10,03,680
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead managers, with Kfin Technologies Limited as the registrar.
With these three significant IPOs set to launch next week, investors have several intriguing options to consider, each offering a unique blend of potential growth and value within the market.
