This week, the Indian primary market will witness three mainboard IPOs: DEE Development Engineers, Stanley Lifestyles, and Akme Fintrade India. The first of these three impending IPOs to list on the Indian main market this week will be DEE Development Engineers. The IPO subscription for DEE Development Engineers will open on June 19, 2024; the IPO subscription for Stanley Lifestyles will open on June 21, 2024; and the IPO bidding for Akme Fintrade India will start on June 19, 2024. Accordingly, the initial public offerings (IPOs) of DEE Development Engineers and Akme Fintrade India will open on Wednesday, while Stanley Lifestyles will debut on Friday. The IPO size for Akme Fintrade India is ₹132 crore, the IPO size for DEE Development Engineers is ₹418.01 crore, and the IPO size for Stanley Lifestyles is ₹537.02 crore. Consequently, because of these three impending mainboard IPOs, about ₹1087 crore will be at risk in the Indian primary market this week.
Here, we've included all the information on these impending IPOs:
Details of the DEE Development Engineers IPO
The IPO for DEE Development Engineers is scheduled to begin on June 19, 2024, and run through June 21, 2024, as previously announced. DEE Development Engineers IPO price band has been set by the engineering business at ₹193 to ₹203 per equity share. An investor's offer range for shares is called the price band. A combination of new issues and offers for sale (OFS) make up the book construction issue. including the new issues, the engineering business hopes to generate ₹325 crore, including ₹93.01 crore set aside for the OFSroute. Market watchers claim that the current IPO GMP for DEE Development Engineers is ₹49.
Details of Akme Fintrade India's IPO
Akme Fintrade India, a non-banking financial corporation (NBFC) that offers [certain financial services] is also referred to as Aasaan Loans. In the gray market, the company's Iinitial Public Offering (IPO), which opens on June 19, 2024, and runs through June 21, 2024, is receiving interest. The Akme Fintrade India IPO pricing range has been set by the NBFC at ₹114 to ₹120 per equity share. The book build issue is entirely new, and the business wants to generate ₹132 crore by issuing new issues. Potential investors might benefit from knowing that shares of Akme Fintrade India Ltd. are currently available on the grey market for a premium of ₹34, according to market experts.
Details of Stanley Lifestyles' IPO
On June 21, 2024, the Stanley Lifestyles IPO will open for bidding and close on June 25, 2024. The pricing range for the luxury furniture designer company's initial public offering (IPO) is set at ₹351 to ₹369 for each equity share. The book construction issue consists of both new and OFS issues. By issuing new shares, the business hopes to raise ₹200 crore; the remaining ₹337.02 crore is set aside for the OFS route. Market watchers report that shares of the furniture designer firm might be exchanged on the black market. They stated that the current GMP (gray market premium) for Stanley Lifestyles' IPO is ₹111.
