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Economic Times
4 days ago
- Business
- Economic Times
IPO calendar: 7 new IPOs, 19 listings lined up in another bumper week for investors
The IPO market continues to stay vibrant as 7 new public issues and 19 listings are scheduled for the week starting June 30, making it one of the busiest periods for primary markets in recent months. With a mix of both mainboard and SME offerings, investors will have plenty to track across sectors, including financial services, fashion, food, agriculture, chemicals, and technology. ADVERTISEMENT Out of the seven new IPOs opening next week, two are mainboard issues while five are from the SME segment. Among the major launches, Crizac will open its book on July 2, with a price band of Rs 233–245 per share, aiming to raise Rs 860 crore. It is joined by Travel Food Services, opening July 3, with a hefty Rs 2,000 crore issue, making it the largest offering of the week. Both companies are set to list on BSE and the SME segment, Vandan Foods, Marc Loire Fashions, Cedaar Textile, Pushpa Jewellers, and Silky Overseas will all open on June 30, and close by July 2. These issues range in size from Rs 19.94 crore (Marc Loire) to Rs 93.71 crore (Pushpa Jewellers), and will be listed on BSE SME or NSE SME platforms. Next week will also see a flood of IPO listings — 19 companies are scheduled to list, including notable names like HDB Financial Services, Kalpataru, and Ellenbarrie Industrial Gases. These are expected to garner significant market attention due to their scale and investor interest. Also slated to list are several SME players whose IPOs closed this week, including Neetu Yoshi Limited, Adcounty Media, Indogulf Cropsciences, Valencia India, PRO FX Tech, Ace Alpha Tech, and Moving Media Entertainment, among others. Market analysts expect listing-day action to remain vibrant, especially in the SME segment where oversubscription rates have been high. However, with grey market premiums varying widely and some IPOs listing flat in recent days, investors are advised to remain selective and consider fundamentals over first week of July promises to be packed — with seven IPOs opening and nearly twenty listings, the IPO market remains firmly in the spotlight.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
28-05-2025
- Business
- Time of India
Aegis Vopak Terminals IPO Day 3: Subscription status, GMP trends, price band to review — Should you apply?
GMP narrows sharply IPO details and structure Live Events Should you subscribe? Here's what analysts say Financial snapshot Lead managers (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Aegis Vopak Terminals' initial public offering was fully subscribed on the final day of bidding, with the overall subscription reaching 1.6 times as of 2:44 PM on Wednesday, May institutional buyers (QIBs) drove the bulk of the demand, subscribing to 2.49 times their allocated quota. Retail investors subscribed 69% of their portion, while non-institutional investors (NIIs) bid for 41%. The Rs 2,800 crore offering closes today, with the listing scheduled for June 2 on the BSE and the grey market, Aegis Vopak Terminals' shares were quoting at a modest premium of Rs 1, down significantly from the earlier range of Rs 8–9. With the IPO's upper price band set at Rs 235 per share, the expected listing price is around Rs 236—implying a marginal gain of just 0.43%, according to market sources tracking grey market Rs 2,800 crore issue is a pure fresh offer comprising 11.91 crore equity shares. There is no offer-for-sale (OFS) component. The price band has been fixed between Rs 223 and Rs 235 per investors can bid for a minimum of one lot containing 63 shares, requiring an investment of Rs 14,805 at the upper end. For small HNIs, the minimum application size is 14 lots, or Rs 2.07 from the IPO will be utilised to prepay or repay certain borrowings, fund the acquisition of a cryogenic LPG terminal at Mangalore, and meet general corporate to Bajaj Broking, the IPO pricing reflects optimism around India's growing energy infrastructure demand, though investors should temper expectations in the near term.'While the company's strategic importance in India's LPG and liquid bulk infrastructure space justifies a premium to some extent, the pricing seems to factor in strong future growth expectations. Investors should view this IPO as a play on long-term infrastructure and energy logistics growth, but must weigh the premium valuation against the company's limited historical profitability and execution risks in upcoming capex projects,' the brokerage Vopak Terminals reported revenue of Rs 570.12 crore in FY24 with a net profit of Rs 86.54 crore. For the nine months ended December 2024, the company posted a PAT of Rs 85.89 crore—nearly matching its full-year FY24 bottom line, indicating operating IPO is being managed by ICICI Securities, BNP Paribas IIFL Securities , Jefferies India, and HDFC Bank . Link Intime is the registrar to the with a long-term view on India's energy logistics infrastructure may find value in this IPO, though the soft GMP and moderate subscription levels suggest a cautious debut on the read | The Leela IPO cruises through on final day of bidding, QIBs drive highest subscription. Check details (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
