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IPO Calendar: 5 new issues, 9 listings to keep investors busy next week
In addition, Crizac (mainboard), along with eight SME companies, are scheduled to make their D-Street debut next week.
Here's a detailed look at the IPO activity for next week:
Mainline IPOs next week
Travel Food Services IPO
Travel Food Services IPO will open for public subscription on Monday, July 7, 2025, and close on Wednesday, July 9, 2025. The basis of allotment of shares is likely to be finalised on July 10, 2025. Travel Food Services shares will be listed on the exchanges tentatively on July 14, 2025. The company has set the price band in the range of ₹1,045-1,100. The minimum lot size for the application is 13 shares. MUFG Intime India is the registrar of the issue. Kotak Mahindra Capital, HSBC Securities and Capital Markets (India), ICICI Securities and Batlivala & Karani Securities are the book-running lead managers.
SME IPOs opening next week
Chemkart India IPO
Chemkart India aims to raise ₹80.08 crore through a combination of fresh issue of 2.6 million equity shares aggregating to ₹64.48 crore and offer for sale (OFS) of 0.62 million shares aggregating to ₹15.60 crore. The SME offering will open for public subscription on July 7 and close on July 9. The allotment of shares is expected to be finalised on July 10. The company will make its debut on the BSE SME platform tentatively on July 14. The company has set the price band in the range of ₹236 to ₹248 per share and the lot size at 1,200 shares. Bigshare Services is the issue registrar.
Smarten Power Systems IPO
The initial public offering (IPO) of Smarten Power Systems will open for bidding on July 7 and close on July 9. The company plans to raise ₹50 crore through a fresh issue of 4.01 million shares and the offer for sale of 1 million shares. The price band is fixed at ₹100 per share, and the lot size for an application is 1,200 shares. The basis of allotment of shares is expected to be finalised on July 10. The company will be listed on the NSE SME platform on July 14. Maashitla Securities is the registrar for the issue. Arihant Capital Markets is the book-running lead manager.
GLEN Industries IPO
GLEN Industries IPO is a fresh issue of 6.49 million equity shares to raise ₹63.02 crore. The SME offering will open for public subscription on July 8 and close on July 10. The basis of the allotment of shares is likely to be finalised on July 11. Shares of GLEN Industries will be listed on the BSE SME platform tentatively on July 15. The company has set the price band in the range of ₹92-97. Investors can bid for a minimum of one lot comprising 1,200 shares and in multiples thereof. Kfin Technologies is the issue registrar.
Asston Pharmaceuticals IPO
The healthcare products company aims to raise ₹27.56 crore through a fresh issue of 2.24 million shares. The public issue of Asston Pharmaceuticals will open for bidding on July 9 and close on July 11. The allotment of shares is expected to be finalised on July 14. Asston Pharmaceuticals will be listed on the BSE SME platform on July 16. The price band has been set in the range of ₹113-123. Investors can bid for a minimum of one lot of 2,000 shares and in multiples thereof. Maashitla Securities is the registrar for the issue.
IPO listings next week
In the mainboard segment, the basis of allotment of shares for the Crizac IPO is expected to be finalised on July 7. Hence, the B2B education platform will make its debut on the exchanges on July 9.
In the SME segment, Silky Overseas, Pushpa Jewellers, and Cedaar Textiles will be listed on the NSE SME platform on July 7. On the BSE SME platform, Marc Loire Fashions and Vandan Foods will make their debut on July 7. Cryogenic OGS IPO and Meta Infotech IPO will be listed on the BSE SME platform on July 10 and July 11, respectively. In addition, Happy Square Outsourcing Services will make its debut on the NSE SME platform on July 10.

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Economic Times
an hour ago
- Economic Times
Is Travel Food Services' IPO a risky bet for investors?
Travel Food Services plans to raise ₹2,000 crore through an IPO, reducing promoter stake to 86.2%. The company has shown steady revenue and profit growth, with a strong presence in airport QSR and lounge sectors. However, it faces high revenue concentration from top airports and dependence on passenger traffic, making it suitable for high-risk investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads ET Intelligence Group: Travel Food Services (TFS), which operates quick service restaurants (QSR) and lounges in airports, plans to raise ₹2,000 crore through an offer for sale. The public issue will reduce the promoter group's stake to 86.2% from 100%. The company's revenue and net profit has steadily increased in the past two years. It has negative working capital days as it gets paid from customers upfront and enjoys a period of credit while paying creditors. About 86% of its revenue comes from the top five airports, signalling high concentration. Also, its entire business is dependent on passenger traffic at airports. Considering these factors, investors with high-risk appetite may consider the in 2007, Mumbai-headquartered TFS operates a travel QSR and lounge business across airports in India, Malaysia and Hong Kong. The company also has outlets at select highway sites in India. Based on FY25 revenue, the company holds around 26% share in the Indian airport travel QSR sector and 45% in the Indian airport lounge sector, according to a Crisil report. Travel QSR business comprises a range of food and beverages (F&B) across cuisines and brands. The lounge business comprises designated areas within airport terminals, accessible primarily by first and business class passengers, members of airline loyalty programmes, select credit card and debit card holders, and members of other loyalty programmes. The company operates 442 travel QSR outlets and 37 lounges. It has 37 in-house brands and 90 brand partners, out of which 32 are international brands. From 2009 until March 2025, the company has maintained a contract retention rate of 93.9%.Revenue from operations and net profit grew 26% and 23% annually to ₹1,687.7 crore and ₹1,067.2 crore between FY23 and FY25. Similarly, earnings before interest, taxes, depreciation, and amortisation (Ebitda) grew by 21.5% to ₹676.3 crore. Ebitda margin declined to 40.1% in FY25 from 42.9% in FY23. Like-for-like (LFL) sales growth drastically dropped to 4.6% in FY25 from 166.6% in FY23. This is because the launch of new terminals attracts passenger traffic away from old terminals, which affects LFL growth. Hence, LFL growth may not be an apt parameter to capture the company's growth the post-IPO equity and net profit for FY25, the company demands a price-earnings (P/E) multiple of up to 38. It does not have a direct publicly listed airport QSR peer. Some of the other QSR chains are not profit making, which makes their P/Es incomparable. On the price-sales front, TFS is demanding a multiple of eight compared with P/S between two and eight for peers including Jubilant Foodworks Devyani International , and Sapphire Foods


Time of India
14 hours ago
- Time of India
Travel Food Services IPO set to open on Monday; Check GMP, price band, other key details
Mumbai-based Travel Food Services is set to launch its initial public offering (IPO) on Monday, July 7, with the issue closing on Wednesday, July 9, 2025 The IPO is entirely an offer for sale (OFS) by promoter Kapur Family Trust , with no fresh equity issuance. All proceeds from the Rs 2,000 crore issue will go to the selling shareholder. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Anchor Investors and GMP Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Ahead of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July 4. Notable anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance , Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among others. Live Events The grey market premium (GMP) for the IPO stands at Rs 49–50, suggesting a potential listing gain of around 4% over the upper price band. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% About Travel Food Services IPO The company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being issued. Investors can place bids for a minimum of 13 equity shares and in multiples of 13 thereafter. As per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). Also Read: TCS, HCLTech among 10 stocks that have paid dividends over 40 times since 2011 About the company Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in India. The company also operates internationally at three airports—two in Malaysia and one in Hong Kong. Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% Travel Food Services financials In FY25, Travel Food Services reported a 27.4% year-on-year rise in profit to Rs 379.7 crore, while revenue grew 20.9% to Rs 1,687.7 crore.


Mint
20 hours ago
- Mint
Smarten Power Systems IPO set to open on Monday: Check GMP, price, other key details of the SME IPO
Smarten Power Systems IPO: The initial public offering (IPO) of Smarten Power Systems, a Gurugram-based power backup and solar products company, is set to open for public subscription on Monday, July 7. The ₹ 50 crore SME IPO combines a fresh issue of 40,00,800 shares and an offer for sale of 9,99,600 shares. According to market sources, the latest grey market premium (GMP) of Smarten Power Systems shares was nil, which indicates the stock could be listed at par with the issue price. The SME IPO will be for subscription on Monday, July 7, and conclude on Wednesday, July 9. The price of the SME IPO has been fixed at ₹ 100 per equity share. Smarten Power Systems intends to raise ₹ 50 crore from the issue, which it will use to purchase assets of the battery manufacturing unit's production line, meet working capital requirements, repay some borrowings, and/or for general corporate purposes. Arihant Capital Markets Ltd is the book-running lead manager, while Maashitla Securities Private Limited is the registrar for the issue. Bidders can apply in lots, and one lot of the NSE SME IPO comprises 2,400 company shares. Nearly 47.5 per cent of the net issue is reserved for retail investors, while the same amount is reserved for NIIs. The remaining 5 per cent is reserved for market makers. The IPO is closing on Wednesday, July 9, so as per SEBI's listing rules, the company is expected to finalise the share allotment on Thursday, July 10. Successful bidders can expect shares of the company in their demat accounts on Friday, July 11, and bidders who fail to get the allocation may get the refund on the same day. As per SEBI's T+3 rule of IPO listing, the SME IPO is proposed for listing on the NSE SME on Monday, July 14. Smarten Power Systems designs and assembles power back-up and advanced solar power products such as home UPS systems, solar inverters, solar power conditioning units (PCUs), and solar charge controllers. It also trades solar panels and batteries. According to the company's DRHP, it generates approximately 66.51 per cent of its revenue through domestic sales and 33.49 per cent of its revenue through exports. Currently, the company operates in 23 states and two union territories within India and has also established a global footprint in over 17 countries, including the Middle East, Africa, and the South Asia region. The company's profit for FY22 was nearly ₹ 4 crore, which rose to nearly ₹ 5.2 crore in FY23 and ₹ 11.3 crore in FY24. In FY25, for the period ended June 30, the profit stood at ₹ 4.05 crore. Read all IPO-related news here Disclaimer: The views and recommendations above are those of individual analysts, experts, and brokerage firms, not Mint. We advise investors to consult certified experts before making any investment decisions.