D-Street set for IPO deluge this week

LG's India listing to resume in Sept

- BLOOMBERG

HDB Financial's ₹12,500-cr IPO to open on June 25

NESIL STANEYMumbai, June 19

THE COMING WEEK is packed with both SME and mainboard initial public offerings (IPOs), with several major launches across sectors such as finance, infrastructure, and healthcare. Bankers involved in these transactions say there is strong bullishness in the equity markets, spanning IPOs, qualified institutional placements (QIPs), and block deals.

HDB Financial Services IPO is the largest next week. It opens on June 25 and closes on 27 June, with tentative listing on both exchanges on 1-2 July. The bookbuilding is of ₹12,500 crore. This includes a combination of a fresh issue of ₹2,500.00 crores and an offer for sale of ₹10,000 crore. The price band is yet to be announced.

Among others, Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, and Mayasheel Ventures have issue launch periods in week 20-24 June. AJC Jewels Manufacturers IPO opens on 23 June and closes on 26 June, with listing on 1 July. Also on the list for next week is Globe Civil Projects and Shri Hare-Krishna Sponge Iron. Capillary Technologies, a firm that offers AI-based software products, is also launching an IPO next week. It will be a fresh issue of ₹430.00 crore and offer for sale of 1.83 crore shares.

"There is a great interest from institutions this month for IPOs and QIPs," said Sudhakar Poojary, vice-president, corporate & family office at ICICI Securities. This euphoria was shared by his colleague Vijay Shyamsunder Malpani.