Upcoming IPOs: Dee Development, Stanley Lifestyles and 7 other IPOs this week

New Delhi: Nine companies are slated to roll out Initial Public Offers (IPOs) in the current week. Three of these are mainboard IPOs. While, the remaining six are Small and Medium Sized Enterprises (SME) IPOs. Companies which will bring mainboard IPOs are Dee Development Engineers, Akme Fintrade and Stanley Lifestyles.

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Dee Development Engineers IPO GMP

Engineering company, Dee Development Engineers, will launch its stake sale process on June 19, 2024. The issue will close for subscription on June 21.

Dee Development IPO structure

The public issue comprises fresh issue of equity shares worth Rs 325 crore and an offer for sale (OFS) of 45.82 lakh shares. Dee Development IPO size is Rs 418 crore. The IPO price band is fixed at Rs 193-203 per share. Retail investors can bid for 73 shares in one lot and in multiples thereafter. They will get to subscribe 35 per cent of total IPO size. While, 50 per cent of the IPO quota is reserved for Qualified Institutional Buyers (QIBs) and 15 per cent for Non-Institutional Investors (NIIs). On Monday, June 17, 2024, the its Grey Market Premium (GMP) traded around Rs 49 in the grey market.

Haryana based, Dee Development Engineers is an engineering company which provides specialized process piping solutions for various industries like oil and gas, power, chemicals inter alias.

Stanley Lifestyles IPO dates

Stanley Lifestyles IPO will hit the floors on June 21 and close on June 25. The issue price band is Rs 351-369 per share. The company which caters to luxury furniture industry intends to raise Rs 537 crore from the stake sale process which comprises a fresh equity issue of Rs 200 crore along with an OFS of 91.34 lakh equity shares. Stanley Lifestyles IPO GMP traded at Rs 111 in the grey market on Monday.

Retail investors will have to apply for 40 shares in a single lot. They will have to invest minimum of Rs 14,760 crore in the bidding process. 35 per cent of the issue is reserved for them, while, 50 per cent for QIBs and 15 per cent for NIIs.

GPES Solar IPO GMP

Akme Fintrade India IPO GMP

Akme Fintrade IPO will hit the floors on June 19 and wind up on June 21. The issue is entirely a fresh issue of 1.1 crore shares. Akme Fintrade IPO size is Rs 132 crore. The price band has been set at Rs 114-120 per share. Its GMP traded at Rs 34 in the grey mrket.

Companies which will launch respective publis issues in the SME segment are Medicamen Organics, Dindigul Farm Product, GEM Enviro Management, Durlax Top Surface, Winny Immigration and Education Services Ltd and Falcon Technoprojects.

A total of 24 companies are expected to roll out public issues in the next couple of months to raise approximately Rs 30,000 crore.

Upcoming IPOs: Nine IPOs To Open This Week

 Upcoming IPOs: Dee Development IPO worth Rs 418 crore and Stanley Lifestyles IPO worth Rs 537 crore opens this week. Seven other IPOs are set to open this week in a bonanza for investors.  Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today