Open & Upcoming IPOs

The Jainik Power and Cables IPO allotment is expected soon, with listing on NSE SME set for June 17, 2025. Fast Track Finsec is the lead manager, Skyline Financial the registrar, and Rikhav Securities the market maker. The GMP is nil, indicating no grey market premium, with listing expected near the issue price of ₹110. Investors can check allotment status on Skyline Financial or NSE websites.

Oswal Pumps' IPO, priced at ₹584-₹614 per share, aims to raise ₹1,387 crore. It raised ₹416.2 crore from anchor investors, including ICICI Prudential MF and Kotak Mahindra MF. The company reported a 97% revenue jump to ₹758.6 crore in FY24, with a profit of ₹97.66 crore. Brokerages recommend subscribing, citing strong growth potential and a reasonable P/E ratio of 21.2x. The IPO's GMP is +₹71.

Arisinfra Solutions IPO price band: The Arisinfra Solutions Limited IPO price band has been fixed in the range of ₹210 to ₹222 per equity share of the face value of ₹2. The Arisinfra Solutions IPO date of subscription is scheduled for Wednesday, June 18 and will close on Friday, June 20. The allocation to anchor investors for the Arisinfra Solutions IPO is scheduled to take place on Tuesday.

India’s share sale market surged in May, raising $6.4 billion, the highest since December 2024, driven by $5 billion in block trades. The momentum continued into June with $1.2 billion in the first week. The central bank’s rate cut and liquidity boost supported the rally. Notable deals included British American Tobacco and others, while IPOs like HDB Financial and Prudential are upcoming.

HDB Financial Services Ltd, HDFC Bank’s NBFC arm, plans to launch a Rs 12,500-crore IPO by mid-July, the largest this year, surpassing Hexaware’s Rs 8,750-crore offer. The company is preparing its updated draft red herring prospectus (UDRHP) and aims to list by mid-July, driven by RBI’s regulation requiring large NBFCs to list by September 2025.

The grey market premium (GMP) for Oswal Pumps, an integrated solar pump manufacturer, rose 14.33% to ₹88 ahead of its ₹890 crore IPO, opening on June 13. The price band is ₹584-₹614 per share. Proceeds will fund capital expenditure, expand subsidiary Oswal Solar, and repay debt. The company reported strong FY24 revenue of ₹758.57 crore and net profit of ₹97.67 crore.

SEBI approved IPOs for Kent RO Systems, Karamtara Engineering, Mangal Electrical Industries, and Vidya Wires. Kent RO's IPO is an OFS of 1 crore shares. Karamtara's includes a ₹1,350 crore fresh issue and ₹400 crore OFS for debt repayment. Mangal Electrical's IPO is a fresh issue for expansion and debt repayment. Vidya Wires' IPO includes a ₹320 crore fresh issue for projects and debt.

India's primary markets are reviving, with SEBI approving IPOs worth ₹37,000 crore from 15 companies. Key IPOs include HDB Financial (₹12,500 crore) and Hero Fincorp (₹3,668 crore). The total IPO pipeline, including pending approvals, could raise ₹2.35 lakh crore, signaling strong investor appetite and market recovery.

Bullish, a Peter Thiel-backed crypto exchange, has confidentially filed for a U.S. IPO with the SEC, following a failed SPAC deal in 2022. The move comes amid renewed investor interest in digital assets under a crypto-friendly Trump administration. Gemini, another major exchange, recently filed for an IPO as well.

Orkla India, owner of MTR Foods and Eastern Condiments, has filed draft papers with SEBI for an IPO via an offer for sale (OFS) of 2.28 crore shares. Promoters Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran will offload stakes. The company, a leading food products firm, won’t receive proceeds. ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra are the lead managers.

Marc Mathenz, CFO of IPO-bound Pine Labs, has resigned due to personal reasons, just months before the company’s planned public debut. He joined in 2021, leading international expansion and finance. His successor is unclear as Pine Labs prepares to file its IPO papers, aiming to raise $1 billion with a valuation over $6 billion.

National Securities Depository Ltd. (NSDL) is moving forward with an initial public offering (IPO) expected to raise $400 million, with a potential listing as soon as July. The IPO involves 50.1 million shares, managed by ICICI Securities, Axis Capital, HSBC, and IDBI Capital. Major investors, including IDBI Bank, NSE, and SBI, are selling shares, with NSDL not receiving any proceeds.

National Securities Depository Ltd. is moving forward with an initial public offering (IPO) expected to raise $400 million (Rs 3,421.6 crore). The IPO, managed by ICICI Securities, Axis Capital, HSBC, and IDBI Capital, may launch as early as July. The offering includes 50.1 million shares, with major investors like IDBI Bank, NSE, and SBI selling stakes. NSDL won’t receive proceeds from the sale.

Oswal Pumps' IPO, opening June 13, has a grey market premium of ₹67, suggesting a listing price of ₹681, an 11% premium. The company aims to raise ₹1,387 crore, with funds allocated for capital expenditure, debt repayment, and subsidiary investments. Shares will list on BSE and NSE by June 20, competing with established players in the pump industry.

Orkla India, which markets MTR and Eastern brands, has filed a draft red herring prospectus for an IPO, entirely an offer for sale of up to 2.28 crore shares by promoters and shareholders. The proceeds will go to selling shareholders. The IPO allocates 50% to QIBs, 15% to NIIs, and 35% to retail bidders. The company held a 22.2% market share in Indian branded spices exports in FY24.

Patil Automation will launch its Rs 69.61-crore IPO on June 16-18, priced at Rs 114-120 per share. The issue includes 58 lakh fresh shares. Proceeds will fund a new manufacturing facility (Rs 62 crore), debt repayment (Rs 4 crore), and corporate purposes. Share allotment is on June 19, with trading starting on NSE Emerge from June 23.

Ganga Bath Fittings IPO listed at ₹59 on NSE SME, a 20.4% premium over its ₹49 issue price. The ₹32.65 crore IPO, subscribed 1.64 times, saw strong retail demand (2.55x) and moderate QIB interest (2.22x), while NIIs lagged (0.73x). Proceeds will fund expansion, debt repayment, and working capital. The company reported a revenue rise to ₹32.01 crore in FY25 and improved profitability.

Ganga Bath Fittings, a bathroom accessories manufacturer, is set to debut on the NSE SME platform with an IPO raising Rs 32.65 crore via 66.63 lakh shares at Rs 49 each. The grey market premium is negative, indicating a muted response. The company, with a strong distribution network, reported Rs 32.31 crore revenue and Rs 4.53 crore profit for nine months ending December 2024.

Aten Papers & Foam is launching its IPO from June 13 to 17, priced at Rs 91-96 per share, issuing 33 lakh shares to raise Rs 31.68 crore. Funds will go towards capital expenditure and working capital. Allotment is on June 18, with listing on BSE SME June 20. Half the shares are for QIBs, 15% for non-institutional investors, and 35% for retail.

ICICI Prudential Asset Management Company, India's second-largest AMC, has initiated its IPO process, engaging a record 17 investment banks. The IPO, an offer for sale by Prudential, aims to raise around Rs 10,000 crore, with a potential valuation of $12 billion. It is expected to launch in Q3FY26, with ICICI Bank retaining its majority stake.

The Jainik Power and Cables IPO allotment is expected soon, with listing on NSE SME set for June 17, 2025. Fast Track Finsec is the lead manager, Skyline Financial the registrar, and Rikhav Securities the market maker. The GMP is nil, indicating no grey market premium, with listing expected near the issue price of ₹110. Investors can check allotment status on Skyline Financial or NSE websites.

Oswal Pumps' IPO, priced at ₹584-₹614 per share, aims to raise ₹1,387 crore. It raised ₹416.2 crore from anchor investors, including ICICI Prudential MF and Kotak Mahindra MF. The company reported a 97% revenue jump to ₹758.6 crore in FY24, with a profit of ₹97.66 crore. Brokerages recommend subscribing, citing strong growth potential and a reasonable P/E ratio of 21.2x. The IPO's GMP is +₹71.

Arisinfra Solutions IPO price band: The Arisinfra Solutions Limited IPO price band has been fixed in the range of ₹210 to ₹222 per equity share of the face value of ₹2. The Arisinfra Solutions IPO date of subscription is scheduled for Wednesday, June 18 and will close on Friday, June 20. The allocation to anchor investors for the Arisinfra Solutions IPO is scheduled to take place on Tuesday.

India’s share sale market surged in May, raising $6.4 billion, the highest since December 2024, driven by $5 billion in block trades. The momentum continued into June with $1.2 billion in the first week. The central bank’s rate cut and liquidity boost supported the rally. Notable deals included British American Tobacco and others, while IPOs like HDB Financial and Prudential are upcoming.

HDB Financial Services Ltd, HDFC Bank’s NBFC arm, plans to launch a Rs 12,500-crore IPO by mid-July, the largest this year, surpassing Hexaware’s Rs 8,750-crore offer. The company is preparing its updated draft red herring prospectus (UDRHP) and aims to list by mid-July, driven by RBI’s regulation requiring large NBFCs to list by September 2025.

The grey market premium (GMP) for Oswal Pumps, an integrated solar pump manufacturer, rose 14.33% to ₹88 ahead of its ₹890 crore IPO, opening on June 13. The price band is ₹584-₹614 per share. Proceeds will fund capital expenditure, expand subsidiary Oswal Solar, and repay debt. The company reported strong FY24 revenue of ₹758.57 crore and net profit of ₹97.67 crore.

SEBI approved IPOs for Kent RO Systems, Karamtara Engineering, Mangal Electrical Industries, and Vidya Wires. Kent RO's IPO is an OFS of 1 crore shares. Karamtara's includes a ₹1,350 crore fresh issue and ₹400 crore OFS for debt repayment. Mangal Electrical's IPO is a fresh issue for expansion and debt repayment. Vidya Wires' IPO includes a ₹320 crore fresh issue for projects and debt.

India's primary markets are reviving, with SEBI approving IPOs worth ₹37,000 crore from 15 companies. Key IPOs include HDB Financial (₹12,500 crore) and Hero Fincorp (₹3,668 crore). The total IPO pipeline, including pending approvals, could raise ₹2.35 lakh crore, signaling strong investor appetite and market recovery.

Bullish, a Peter Thiel-backed crypto exchange, has confidentially filed for a U.S. IPO with the SEC, following a failed SPAC deal in 2022. The move comes amid renewed investor interest in digital assets under a crypto-friendly Trump administration. Gemini, another major exchange, recently filed for an IPO as well.

Orkla India, owner of MTR Foods and Eastern Condiments, has filed draft papers with SEBI for an IPO via an offer for sale (OFS) of 2.28 crore shares. Promoters Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran will offload stakes. The company, a leading food products firm, won’t receive proceeds. ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra are the lead managers.

Marc Mathenz, CFO of IPO-bound Pine Labs, has resigned due to personal reasons, just months before the company’s planned public debut. He joined in 2021, leading international expansion and finance. His successor is unclear as Pine Labs prepares to file its IPO papers, aiming to raise $1 billion with a valuation over $6 billion.

National Securities Depository Ltd. (NSDL) is moving forward with an initial public offering (IPO) expected to raise $400 million, with a potential listing as soon as July. The IPO involves 50.1 million shares, managed by ICICI Securities, Axis Capital, HSBC, and IDBI Capital. Major investors, including IDBI Bank, NSE, and SBI, are selling shares, with NSDL not receiving any proceeds.

National Securities Depository Ltd. is moving forward with an initial public offering (IPO) expected to raise $400 million (Rs 3,421.6 crore). The IPO, managed by ICICI Securities, Axis Capital, HSBC, and IDBI Capital, may launch as early as July. The offering includes 50.1 million shares, with major investors like IDBI Bank, NSE, and SBI selling stakes. NSDL won’t receive proceeds from the sale.

Oswal Pumps' IPO, opening June 13, has a grey market premium of ₹67, suggesting a listing price of ₹681, an 11% premium. The company aims to raise ₹1,387 crore, with funds allocated for capital expenditure, debt repayment, and subsidiary investments. Shares will list on BSE and NSE by June 20, competing with established players in the pump industry.

Orkla India, which markets MTR and Eastern brands, has filed a draft red herring prospectus for an IPO, entirely an offer for sale of up to 2.28 crore shares by promoters and shareholders. The proceeds will go to selling shareholders. The IPO allocates 50% to QIBs, 15% to NIIs, and 35% to retail bidders. The company held a 22.2% market share in Indian branded spices exports in FY24.

Patil Automation will launch its Rs 69.61-crore IPO on June 16-18, priced at Rs 114-120 per share. The issue includes 58 lakh fresh shares. Proceeds will fund a new manufacturing facility (Rs 62 crore), debt repayment (Rs 4 crore), and corporate purposes. Share allotment is on June 19, with trading starting on NSE Emerge from June 23.

Ganga Bath Fittings IPO listed at ₹59 on NSE SME, a 20.4% premium over its ₹49 issue price. The ₹32.65 crore IPO, subscribed 1.64 times, saw strong retail demand (2.55x) and moderate QIB interest (2.22x), while NIIs lagged (0.73x). Proceeds will fund expansion, debt repayment, and working capital. The company reported a revenue rise to ₹32.01 crore in FY25 and improved profitability.

Ganga Bath Fittings, a bathroom accessories manufacturer, is set to debut on the NSE SME platform with an IPO raising Rs 32.65 crore via 66.63 lakh shares at Rs 49 each. The grey market premium is negative, indicating a muted response. The company, with a strong distribution network, reported Rs 32.31 crore revenue and Rs 4.53 crore profit for nine months ending December 2024.

Aten Papers & Foam is launching its IPO from June 13 to 17, priced at Rs 91-96 per share, issuing 33 lakh shares to raise Rs 31.68 crore. Funds will go towards capital expenditure and working capital. Allotment is on June 18, with listing on BSE SME June 20. Half the shares are for QIBs, 15% for non-institutional investors, and 35% for retail.

ICICI Prudential Asset Management Company, India's second-largest AMC, has initiated its IPO process, engaging a record 17 investment banks. The IPO, an offer for sale by Prudential, aims to raise around Rs 10,000 crore, with a potential valuation of $12 billion. It is expected to launch in Q3FY26, with ICICI Bank retaining its majority stake.

Samay Project Services, a Tamil Nadu-based EPC provider, will launch its Rs 14.69-crore IPO on June 16, closing on June 18. The price band is Rs 32-34 per share, with listing on NSE Emerge by June 23. Proceeds will fund working capital and corporate purposes. Smart Horizon Capital Advisors is the merchant banker.

The Securities and Exchange Board of India (SEBI) has approved IPOs for four companies: Kent RO Systems, Karamtara Engineering, Mangal Electrical Industries, and Vidya Wires. Collectively, they aim to raise Rs 2,500 crore. Kent RO's IPO is an offer for sale, while the others include fresh issues for debt repayment, expansion, and capital expenditures. All will list on BSE and NSE.

Oswal Pumps IPO price band: The Oswal Pumps Limited IPO price band has been fixed in the range of ₹584 to ₹614 per equity share of the face value of Re 1. The Oswal Pumps IPO date of subscription is scheduled for Friday, June 13, and will close on Tuesday, June 17. The allocation to anchor investors for the Oswal Pumps IPO is scheduled to take place on Thursday, June 12.

Oswal Pumps' IPO will open on June 13 and close on June 17, with a price band to be announced. The issue includes a fresh issue of ₹890 crore and an offer for sale of 0.81 crore shares by promoter Vivek Gupta. Proceeds will fund capital expenditure, a new Haryana facility, debt repayment, and growth initiatives. The company reported revenue of ₹758.57 crore and net profit of ₹97.67 crore in FY24.

Lalithaa Jewellery Mart Limited, a Chennai-based jewellery retailer with 56 stores across southern India, has filed a DRHP for an IPO. The company reported ₹12,594.67 crore in revenue and ₹262.33 crore in profit for the nine months ending December 2024. The IPO includes a fresh issue of ₹1,200 crore and an offer-for-sale of up to ₹500 crore.

Oswal Pumps' IPO will open on June 13 and close on June 17, with a fresh issue of Rs 890 crore and an offer for sale of up to 8.1 million shares. Proceeds will fund capital expenditures, a new Haryana facility, debt repayment, and growth initiatives. The company reported strong financial growth, with revenue rising to Rs 758.57 crore in FY2024 and a net profit of Rs 97.67 crore.

Sacheerome's IPO opens from June 9-11, aiming to raise Rs 61.62 crore via 60.41 lakh shares priced at Rs 96-102. Proceeds will fund a new manufacturing facility and corporate purposes. The company, serving personal care and food sectors, reported Rs 108.13 crore revenue and Rs 15.98 crore net profit in FY2025, a 50% profit increase. Listing on NSE SME is set for June 16.

3B Films' share price debuted weakly on BSE SME, opening at ₹48.50, 3% below the ₹50 issue price, and locked at a 5% lower circuit of ₹46.08. The IPO, subscribed 1.80 times, offers shares in multiples of 3,000. Founded in 2014, the Vadodara-based company produces specialty packaging films and reported ₹5,679.94 Lakhs in revenue by December 2024.

Vadodara-based 3B Films will list its shares on the BSE SME platform after its IPO, priced at Rs 50 per share, received a 1.8x subscription. Funds will be used for capital expenditure, working capital, and expansion into adhesive laminated films. The company aims to enhance its flexible packaging solutions and strengthen its market position.

The Ganga Bath Fittings IPO, priced at ₹46-₹49 per share, opened on June 4 and closes on June 6. The issue comprises 66.63 lakh shares to raise ₹32.65 crore. Subscription stood at 64% on Day 2, with retail portion subscribed 97%. The grey market premium is +3.5, indicating a likely listing price of ₹52.5.

India's IPO market gains momentum with six firms approved to raise Rs 20,000 crore, including HDB Financial's Rs 12,500 crore. The pipeline now includes 72 approved companies targeting Rs 1.4 lakh crore and 68 awaiting approval for Rs 95,000 crore, totaling Rs 2.35 lakh crore. Recent listings saw reduced sizes and lower gains, but experts note stabilizing valuations and the potential for growth.

Ganga Bath Fittings' IPO was 42% undersubscribed on Day 1, with 28.05 lakh shares bought out of 66.63 lakh offered. Retail investors contributed 56% of bids. The company aims to raise Rs 32.65 crore at Rs 46-49 per share to fund equipment, debt repayment, and working capital. The IPO closes on June 6, with allotment by June 9 and trading starting June 11.

Jainik Power and Cables' IPO will launch on June 10 with a price band of Rs 100-110 per share, closing on June 12. The company aims to raise Rs 51.3 crore by issuing 46.63 lakh shares, with 45% each for retail and non-institutional investors. Proceeds will fund working capital, plant setup, and loan repayment. Listing on NSE Emerge is set for June 17.

The National Stock Exchange IPO, proposed in 2016 to sell a 22% stake for ₹10,000 crore, remains delayed due to regulatory and legal hurdles. SEBI’s recent comments have renewed hopes, but key issues like clearing corporation disinvestment and managerial salaries persist. Unlisted NSE shares have surged 60%, but experts caution against overoptimism, noting the IPO’s timeline remains uncertain.

NR Vandana Textile IPO listing: Shares of NR Vandana Textile were off to a tepid start on the Indian stock market on Wednesday, June 4, listing at par to their initial offering price. The stock faced selling pressure, hitting the 5% lower circuit of ₹42.75, reflecting weak investor sentiment post-listing.

Scoda Tubes shares hit the 5 percent upper circuit, shortly after making a flat stock market debut on Wednesday. The shares of the company listed flat despite the issue being subscribed 54 times in the primary market between May 28 to May 30. Shares of stainless-steel tubes and pipes manufacturer Scoda Tubes were listed at Rs 140 per share on the NSE.

Scoda Tubes Limited will list its IPO on BSE and NSE on June 4, 2025, after a 57.37x subscription. The Rs 220 crore IPO, with a GMP of Rs 20, may list at Rs 160, indicating a 14.29% gain. The company, a stainless steel tube manufacturer, serves sectors like oil and gas, and plans to use funds for expansion and modernization.

NR Vandana Textile debuts on NSE SME today. Its Rs 9.49 crore IPO, priced at Rs 45 per share, saw a 101x overall subscription, with QIB 36.54x and NII 126.70x. GMP is Rs 9, indicating a Rs 54 listing price, a 20% gain. The Kolkata-based firm, founded in 1992, produces cotton products like sarees and bed sheets, operating a B2B model supplying over 1,000 wholesalers across 31 states.

Neptune Petrochemicals, a bitumen-based products manufacturer, will debut on the NSE SME platform with an expected flat listing as its grey market premium (GMP) is zero. Its Rs 73.20 crore IPO, subscribed 4.11 times, saw strong QIB and NII interest but cautious retail participation. Proceeds will fund expansion and working capital needs.

Scoda Tubes' IPO, priced at ₹130-140 per share, saw strong subscription with NIIs at 113x, QIBs at 69.51x, and retail at 19.39x. Listing is set for June 4, with shares credited and refunds processed by June 3. The IPO raised ₹220 crore for production expansion and working capital. Grey market indicates a ₹18.5 premium, suggesting a 13.21% gain on listing.

The Jainik Power and Cables IPO allotment is expected soon, with listing on NSE SME set for June 17, 2025. Fast Track Finsec is the lead manager, Skyline Financial the registrar, and Rikhav Securities the market maker. The GMP is nil, indicating no grey market premium, with listing expected near the issue price of ₹110. Investors can check allotment status on Skyline Financial or NSE websites.

Oswal Pumps' IPO, priced at ₹584-₹614 per share, aims to raise ₹1,387 crore. It raised ₹416.2 crore from anchor investors, including ICICI Prudential MF and Kotak Mahindra MF. The company reported a 97% revenue jump to ₹758.6 crore in FY24, with a profit of ₹97.66 crore. Brokerages recommend subscribing, citing strong growth potential and a reasonable P/E ratio of 21.2x. The IPO's GMP is +₹71.

Arisinfra Solutions IPO price band: The Arisinfra Solutions Limited IPO price band has been fixed in the range of ₹210 to ₹222 per equity share of the face value of ₹2. The Arisinfra Solutions IPO date of subscription is scheduled for Wednesday, June 18 and will close on Friday, June 20. The allocation to anchor investors for the Arisinfra Solutions IPO is scheduled to take place on Tuesday.

India’s share sale market surged in May, raising $6.4 billion, the highest since December 2024, driven by $5 billion in block trades. The momentum continued into June with $1.2 billion in the first week. The central bank’s rate cut and liquidity boost supported the rally. Notable deals included British American Tobacco and others, while IPOs like HDB Financial and Prudential are upcoming.

HDB Financial Services Ltd, HDFC Bank’s NBFC arm, plans to launch a Rs 12,500-crore IPO by mid-July, the largest this year, surpassing Hexaware’s Rs 8,750-crore offer. The company is preparing its updated draft red herring prospectus (UDRHP) and aims to list by mid-July, driven by RBI’s regulation requiring large NBFCs to list by September 2025.

The grey market premium (GMP) for Oswal Pumps, an integrated solar pump manufacturer, rose 14.33% to ₹88 ahead of its ₹890 crore IPO, opening on June 13. The price band is ₹584-₹614 per share. Proceeds will fund capital expenditure, expand subsidiary Oswal Solar, and repay debt. The company reported strong FY24 revenue of ₹758.57 crore and net profit of ₹97.67 crore.

SEBI approved IPOs for Kent RO Systems, Karamtara Engineering, Mangal Electrical Industries, and Vidya Wires. Kent RO's IPO is an OFS of 1 crore shares. Karamtara's includes a ₹1,350 crore fresh issue and ₹400 crore OFS for debt repayment. Mangal Electrical's IPO is a fresh issue for expansion and debt repayment. Vidya Wires' IPO includes a ₹320 crore fresh issue for projects and debt.

India's primary markets are reviving, with SEBI approving IPOs worth ₹37,000 crore from 15 companies. Key IPOs include HDB Financial (₹12,500 crore) and Hero Fincorp (₹3,668 crore). The total IPO pipeline, including pending approvals, could raise ₹2.35 lakh crore, signaling strong investor appetite and market recovery.

Bullish, a Peter Thiel-backed crypto exchange, has confidentially filed for a U.S. IPO with the SEC, following a failed SPAC deal in 2022. The move comes amid renewed investor interest in digital assets under a crypto-friendly Trump administration. Gemini, another major exchange, recently filed for an IPO as well.

Orkla India, owner of MTR Foods and Eastern Condiments, has filed draft papers with SEBI for an IPO via an offer for sale (OFS) of 2.28 crore shares. Promoters Orkla Asia Pacific Pte and shareholders Navas Meeran and Feroz Meeran will offload stakes. The company, a leading food products firm, won’t receive proceeds. ICICI Securities, Citigroup, JP Morgan, and Kotak Mahindra are the lead managers.

Marc Mathenz, CFO of IPO-bound Pine Labs, has resigned due to personal reasons, just months before the company’s planned public debut. He joined in 2021, leading international expansion and finance. His successor is unclear as Pine Labs prepares to file its IPO papers, aiming to raise $1 billion with a valuation over $6 billion.

National Securities Depository Ltd. (NSDL) is moving forward with an initial public offering (IPO) expected to raise $400 million, with a potential listing as soon as July. The IPO involves 50.1 million shares, managed by ICICI Securities, Axis Capital, HSBC, and IDBI Capital. Major investors, including IDBI Bank, NSE, and SBI, are selling shares, with NSDL not receiving any proceeds.

National Securities Depository Ltd. is moving forward with an initial public offering (IPO) expected to raise $400 million (Rs 3,421.6 crore). The IPO, managed by ICICI Securities, Axis Capital, HSBC, and IDBI Capital, may launch as early as July. The offering includes 50.1 million shares, with major investors like IDBI Bank, NSE, and SBI selling stakes. NSDL won’t receive proceeds from the sale.

Oswal Pumps' IPO, opening June 13, has a grey market premium of ₹67, suggesting a listing price of ₹681, an 11% premium. The company aims to raise ₹1,387 crore, with funds allocated for capital expenditure, debt repayment, and subsidiary investments. Shares will list on BSE and NSE by June 20, competing with established players in the pump industry.

Orkla India, which markets MTR and Eastern brands, has filed a draft red herring prospectus for an IPO, entirely an offer for sale of up to 2.28 crore shares by promoters and shareholders. The proceeds will go to selling shareholders. The IPO allocates 50% to QIBs, 15% to NIIs, and 35% to retail bidders. The company held a 22.2% market share in Indian branded spices exports in FY24.

Patil Automation will launch its Rs 69.61-crore IPO on June 16-18, priced at Rs 114-120 per share. The issue includes 58 lakh fresh shares. Proceeds will fund a new manufacturing facility (Rs 62 crore), debt repayment (Rs 4 crore), and corporate purposes. Share allotment is on June 19, with trading starting on NSE Emerge from June 23.

Ganga Bath Fittings IPO listed at ₹59 on NSE SME, a 20.4% premium over its ₹49 issue price. The ₹32.65 crore IPO, subscribed 1.64 times, saw strong retail demand (2.55x) and moderate QIB interest (2.22x), while NIIs lagged (0.73x). Proceeds will fund expansion, debt repayment, and working capital. The company reported a revenue rise to ₹32.01 crore in FY25 and improved profitability.

Ganga Bath Fittings, a bathroom accessories manufacturer, is set to debut on the NSE SME platform with an IPO raising Rs 32.65 crore via 66.63 lakh shares at Rs 49 each. The grey market premium is negative, indicating a muted response. The company, with a strong distribution network, reported Rs 32.31 crore revenue and Rs 4.53 crore profit for nine months ending December 2024.

Aten Papers & Foam is launching its IPO from June 13 to 17, priced at Rs 91-96 per share, issuing 33 lakh shares to raise Rs 31.68 crore. Funds will go towards capital expenditure and working capital. Allotment is on June 18, with listing on BSE SME June 20. Half the shares are for QIBs, 15% for non-institutional investors, and 35% for retail.

ICICI Prudential Asset Management Company, India's second-largest AMC, has initiated its IPO process, engaging a record 17 investment banks. The IPO, an offer for sale by Prudential, aims to raise around Rs 10,000 crore, with a potential valuation of $12 billion. It is expected to launch in Q3FY26, with ICICI Bank retaining its majority stake.

Samay Project Services, a Tamil Nadu-based EPC provider, will launch its Rs 14.69-crore IPO on June 16, closing on June 18. The price band is Rs 32-34 per share, with listing on NSE Emerge by June 23. Proceeds will fund working capital and corporate purposes. Smart Horizon Capital Advisors is the merchant banker.

The Securities and Exchange Board of India (SEBI) has approved IPOs for four companies: Kent RO Systems, Karamtara Engineering, Mangal Electrical Industries, and Vidya Wires. Collectively, they aim to raise Rs 2,500 crore. Kent RO's IPO is an offer for sale, while the others include fresh issues for debt repayment, expansion, and capital expenditures. All will list on BSE and NSE.

Oswal Pumps IPO price band: The Oswal Pumps Limited IPO price band has been fixed in the range of ₹584 to ₹614 per equity share of the face value of Re 1. The Oswal Pumps IPO date of subscription is scheduled for Friday, June 13, and will close on Tuesday, June 17. The allocation to anchor investors for the Oswal Pumps IPO is scheduled to take place on Thursday, June 12.

Oswal Pumps' IPO will open on June 13 and close on June 17, with a price band to be announced. The issue includes a fresh issue of ₹890 crore and an offer for sale of 0.81 crore shares by promoter Vivek Gupta. Proceeds will fund capital expenditure, a new Haryana facility, debt repayment, and growth initiatives. The company reported revenue of ₹758.57 crore and net profit of ₹97.67 crore in FY24.

Lalithaa Jewellery Mart Limited, a Chennai-based jewellery retailer with 56 stores across southern India, has filed a DRHP for an IPO. The company reported ₹12,594.67 crore in revenue and ₹262.33 crore in profit for the nine months ending December 2024. The IPO includes a fresh issue of ₹1,200 crore and an offer-for-sale of up to ₹500 crore.

Oswal Pumps' IPO will open on June 13 and close on June 17, with a fresh issue of Rs 890 crore and an offer for sale of up to 8.1 million shares. Proceeds will fund capital expenditures, a new Haryana facility, debt repayment, and growth initiatives. The company reported strong financial growth, with revenue rising to Rs 758.57 crore in FY2024 and a net profit of Rs 97.67 crore.

Sacheerome's IPO opens from June 9-11, aiming to raise Rs 61.62 crore via 60.41 lakh shares priced at Rs 96-102. Proceeds will fund a new manufacturing facility and corporate purposes. The company, serving personal care and food sectors, reported Rs 108.13 crore revenue and Rs 15.98 crore net profit in FY2025, a 50% profit increase. Listing on NSE SME is set for June 16.

3B Films' share price debuted weakly on BSE SME, opening at ₹48.50, 3% below the ₹50 issue price, and locked at a 5% lower circuit of ₹46.08. The IPO, subscribed 1.80 times, offers shares in multiples of 3,000. Founded in 2014, the Vadodara-based company produces specialty packaging films and reported ₹5,679.94 Lakhs in revenue by December 2024.

Vadodara-based 3B Films will list its shares on the BSE SME platform after its IPO, priced at Rs 50 per share, received a 1.8x subscription. Funds will be used for capital expenditure, working capital, and expansion into adhesive laminated films. The company aims to enhance its flexible packaging solutions and strengthen its market position.

The Ganga Bath Fittings IPO, priced at ₹46-₹49 per share, opened on June 4 and closes on June 6. The issue comprises 66.63 lakh shares to raise ₹32.65 crore. Subscription stood at 64% on Day 2, with retail portion subscribed 97%. The grey market premium is +3.5, indicating a likely listing price of ₹52.5.

India's IPO market gains momentum with six firms approved to raise Rs 20,000 crore, including HDB Financial's Rs 12,500 crore. The pipeline now includes 72 approved companies targeting Rs 1.4 lakh crore and 68 awaiting approval for Rs 95,000 crore, totaling Rs 2.35 lakh crore. Recent listings saw reduced sizes and lower gains, but experts note stabilizing valuations and the potential for growth.

Ganga Bath Fittings' IPO was 42% undersubscribed on Day 1, with 28.05 lakh shares bought out of 66.63 lakh offered. Retail investors contributed 56% of bids. The company aims to raise Rs 32.65 crore at Rs 46-49 per share to fund equipment, debt repayment, and working capital. The IPO closes on June 6, with allotment by June 9 and trading starting June 11.

Jainik Power and Cables' IPO will launch on June 10 with a price band of Rs 100-110 per share, closing on June 12. The company aims to raise Rs 51.3 crore by issuing 46.63 lakh shares, with 45% each for retail and non-institutional investors. Proceeds will fund working capital, plant setup, and loan repayment. Listing on NSE Emerge is set for June 17.

The National Stock Exchange IPO, proposed in 2016 to sell a 22% stake for ₹10,000 crore, remains delayed due to regulatory and legal hurdles. SEBI’s recent comments have renewed hopes, but key issues like clearing corporation disinvestment and managerial salaries persist. Unlisted NSE shares have surged 60%, but experts caution against overoptimism, noting the IPO’s timeline remains uncertain.

NR Vandana Textile IPO listing: Shares of NR Vandana Textile were off to a tepid start on the Indian stock market on Wednesday, June 4, listing at par to their initial offering price. The stock faced selling pressure, hitting the 5% lower circuit of ₹42.75, reflecting weak investor sentiment post-listing.

Scoda Tubes shares hit the 5 percent upper circuit, shortly after making a flat stock market debut on Wednesday. The shares of the company listed flat despite the issue being subscribed 54 times in the primary market between May 28 to May 30. Shares of stainless-steel tubes and pipes manufacturer Scoda Tubes were listed at Rs 140 per share on the NSE.

Scoda Tubes Limited will list its IPO on BSE and NSE on June 4, 2025, after a 57.37x subscription. The Rs 220 crore IPO, with a GMP of Rs 20, may list at Rs 160, indicating a 14.29% gain. The company, a stainless steel tube manufacturer, serves sectors like oil and gas, and plans to use funds for expansion and modernization.

NR Vandana Textile debuts on NSE SME today. Its Rs 9.49 crore IPO, priced at Rs 45 per share, saw a 101x overall subscription, with QIB 36.54x and NII 126.70x. GMP is Rs 9, indicating a Rs 54 listing price, a 20% gain. The Kolkata-based firm, founded in 1992, produces cotton products like sarees and bed sheets, operating a B2B model supplying over 1,000 wholesalers across 31 states.

Neptune Petrochemicals, a bitumen-based products manufacturer, will debut on the NSE SME platform with an expected flat listing as its grey market premium (GMP) is zero. Its Rs 73.20 crore IPO, subscribed 4.11 times, saw strong QIB and NII interest but cautious retail participation. Proceeds will fund expansion and working capital needs.

Scoda Tubes' IPO, priced at ₹130-140 per share, saw strong subscription with NIIs at 113x, QIBs at 69.51x, and retail at 19.39x. Listing is set for June 4, with shares credited and refunds processed by June 3. The IPO raised ₹220 crore for production expansion and working capital. Grey market indicates a ₹18.5 premium, suggesting a 13.21% gain on listing.