IPO Rush This Week: 6 Companies Launching, 5 Gearing Up for Market Listing

Mumbai: Despite rising geopolitical tensions, India’s primary equity market is seeing a surge in activity. This week, six companies are launching their Initial Public Offerings (IPOs), while five firms that conducted IPOs last week are preparing for listing on the stock exchanges.

The highlight of the week is the mainboard IPO of Arisinfra Solutions, a construction material distributor. The company aims to raise ₹499.6 crore through a pure fresh issue—meaning no Offer for Sale (OFS) component is included. The IPO opens on June 20 and will remain open for three days. The price band is set at ₹210–₹222 per share.

The other five IPOs this week fall under the SME category:

• Patil Automation and Samay Project Services will open their IPOs from June 16 to 18.
  • Patil targets ₹69.61 crore with a price band of ₹114–₹120.
  • Samay aims to raise ₹14.69 crore, with a price band of ₹32–₹34.
• Eppeltone Engineers, a New Delhi-based electronic energy meter firm, will open its IPO from June 17, aiming to raise ₹43.96 crore with a price band of ₹125–₹128.
• Influx Healthtech launches on June 18, targeting ₹58.56 crore via a mix of fresh issue (₹48 crore) and OFS (₹10.56 crore). Its price band is ₹91–₹96.
• Mayasheel Ventures, a company in the road construction sector, opens its IPO on June 20, aiming to raise ₹27.28 crore. The price band is ₹44–₹47.

On the listing front, IPOs of companies like Oswal Pumps, Monolithisch India, and Aten Papers & Foam, which closed recently, will debut on the exchanges this week:

• Oswal Pumps (mainboard IPO worth ₹1,387.3 crore) will list on June 20.
• Monolithisch India (₹82 crore IPO) and Aten Papers & Foam (₹31.7 crore IPO) will close their subscriptions on June 17.
• Sacheerome will list on the NSE Emerge on June 16,
• Jainik Power on June 17,
• Monolithisch India on June 19, and
• Aten Papers & Foam on the BSE SME platform on June 20.

This flurry of IPOs highlights renewed investor interest in the market despite global uncertainty.