Three Major IPOs : Indian Stock Exchange, Dalal Street has calmed down to some extent after going through a lot of turbulence following the Lok Sabha election results and the market will be in turmoil with three IPOs taking place this Sunday.
These are the Three Major IPOs
DEE Piping Systems, Aasaan Credit and Stanley Lifestyles’ initial public offerings (IPOs) will go public next week. The total value of the three IPOs is expected to exceed over 1000 crore.
DEE Pumping Systems IPO
DEE Pumping Systems (DEE Development Engineers Limited) IPO is a structured book issue valued at 418.01 million. This includes a new issue of 1.6 crore shares for a total of 325 crore shares and an offer to sell 46 lakhs shares for a total of 93.01 crore.
DEE Piping Systems’ IPO is expected to open for subscription on June 19, 2024 and close on June 21, 2024. The IPO of shares is expected to be completed on Monday, June 24, 2024. The IPO is expected to be listed on BSE and NSE, with the IPO date tentatively set as Wednesday, June 26, 2024.
The price range of DEE Piping Systems’ IPO ranges from Rs 193 to Rs 203 per share. The maximum order size is 73 shares, requiring a minimum investment of Rs 14,819 for retail investors. For sNII the minimum investment is 14 lots (1,022 shares) and total 2,07,466 shares, while for bNII it is 68 lots (4964 shares) and total amount of 10,07,692.
SBI Capital Markets Limited and Equirus Capital Private Limited are the bookrunners for the IPO of DEE Piping Systems, while Link Intime India Private Ltd is the underwriter of the issue.
Aasaan Loans IPO
Aasaan Loans (Akme Fintrade India Ltd) has launched an IPO to raise 132 crore. This entire issue consists of a new issue of 1.1 crore shares. Aasaan Credit IPO is open for registration from June 19, 2024 to June 21, 2024.
The stock is expected to close on Monday, June 24, 2024 and the shares will be tentatively listed on BSE and NSE on Wednesday, June 26, 2024. Group Price on Aasaan. The IPO bond was priced between Rs 114 and Rs 120 per share.
Minimum scheme size is 125 shares. Investors are required to invest a minimum of Rs 15,000. For small non-institutional investors (sNIIs), the maximum investment is 14 lots (1,750 shares) for an aggregate of Rs 2,10,000. For large non-institutional investors (bNII), the maximum investment is 67 lots (8,375 shares) for a total of Rs. 10,05,000.
Gretex Corporate Services Limited is the bookrunner for the Aasaan Loans IPO, while Bigshare Services Pvt Ltd is acting as the underwriter.
Stanley Lifestyles IPO
Stanley Lifestyles Limited launches IPO valued at 537.02 crore. This IPO includes the new issuance of 54 lakhs shares for a total amount of 200 crore and the sale of 91 lakh shares for a total amount of 337.02 crore.
The subscription period for the Stanley Lifestyles IPO (Three Major IPOs) will begin on June 21, 2024 and end on June 25, 2024. Shares are expected to close on June 26, 2024. The IPO will be listed on BSE and NSE, with a provisional listing date set for June 28, 2024. The IPO price is between Rs 351 and Rs 369 per share.
Investors must apply for at least 40 shares; This requires a minimum investment of Rs 14,760 for retail investors. For small non-institutional investors (sNII), the maximum investment is 14 lots (560 shares), equivalent to Rs 2,06,640. For large non-institutional investors (bNII) the maximum investment is 68 lots (2,720 shares) amount of 10,03,680.
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited are the bookrunners for the Stanley Lifestyles IPO. Kfin Technologies Limited has been registered for this issue.
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