Exclusive IPO Buzz: 7 Companies to Unleash ₹1,600 Crore IPO Bonanza Next Week

Excitement is building in the IPO market as seven dynamic companies gear up to unveil their highly anticipated Initial Public Offers (IPOs) on the renowned Dalal Street during the upcoming week.

Intriguingly, three of these companies have opted for the main route, while the remaining four have chosen to embrace the SME route to showcase their shares to eager investors.

Combined, these remarkable IPOs are poised to amass an impressive ₹1,600 crore from the market, with the SME ventures targeting a notable ₹110 crore in capital.

Without further ado, let's delve into the captivating highlights of these upcoming IPOs:

1. ideaForge IPO:

Leading the charge is IdeaForge Technology, a trailblazing drone manufacturer, launching its IPO on June 26. With a price band set at ₹638-672 per share, the company aspires to raise a substantial ₹567 crore. Remarkably, IdeaForge has already secured a whopping ₹254.88 crore from anchor investors on June 23. Prospective investors have until June 29 to partake in this exciting opportunity, with shares scheduled to hit the stock exchange on July 7.

2. Cyient DLM IPO:

Next on the lineup is Cyient DLM, a subsidiary of the esteemed IT services firm Cyient, as it prepares for its eagerly awaited second public offering. The bidding frenzy for this IPO is set to ignite on June 27 and conclude on June 30. The IPO exclusively encompasses a fresh issue of 2.23 crore shares, expertly priced between ₹250 and ₹265 per share, with a target of amassing a staggering ₹592 crore.

3.PKH Ventures IPO:

Making its grand entrance into the IPO arena next week is the construction and development powerhouse, PKH Ventures. The bidding window for this enthralling IPO will open on June 30 and gracefully close its doors on July 4. While the price band remains undisclosed, PKH Ventures ambitiously seeks to raise approximately ₹380 crore. This captivating IPO comprises a total of 2.56 crore shares, with 1.82 crore shares offered as fresh issues, while the dedicated promoters are graciously selling the remaining shares. It's worth highlighting that PKH Ventures is entirely owned by its passionate promoters.

4.Pentagon Rubber IPO:

Paving the way for the SME segment, conveyor belt manufacturer Pentagon Rubber is poised to ignite the IPO frenzy next week. This highly anticipated IPO will kick off on June 26 and conclude with great fanfare on June 30. With a price range of ₹65-70 per share, Pentagon Rubber has set its sights on raising a notable ₹16.17 crore by issuing 23.1 lakh equity shares. It's important to note that this offering exclusively features fresh shares.

5.Global Pet IPO:

In yet another enthralling development within the SME segment, Global Pet Industries is set to captivate investors. Bidding for this eagerly anticipated IPO commences on June 29, reaching a climactic conclusion on July 3. Priced enticingly at ₹49 per share, the company ambitiously aims to raise ₹13.23 crore. The raised funds will be primarily allocated towards the construction of a state-of-the-art factory building.

6.Tridhya Tech IPO:

Tridhya Tech, a software development services company, will also open its IPO for bidding next week. The company has set a price band of ₹35-42 per share for its IPO. It plans to raise ₹26.41 crore by issuing 62.88 lakh shares at the upper price band.

7.Synoptics Technologies IPO:

IT services company Synoptics Technologies will open its IPO for bidding next week. The company has fixed a price of ₹237 per share for its IPO. The IPO includes the issuance of new shares worth ₹35.08 crore and an offer for sale (OFS) of ₹18.96 crore by the promoters.

These upcoming IPOs offer investors an opportunity to participate in the growth potential of various sectors, including drones, IT services, construction, manufacturing, and software development. Stay tuned for more updates on these exciting IPOs and their impact on the market.