June 2024 is shaping up to be an exciting month for investors as several companies are set to launch their Initial Public Offerings (IPOs). Amidst a backdrop of fluctuating market sentiments due to domestic election concerns and the timing of U.S. interest rate cuts, these IPOs offer fresh investment opportunities. Notably, the lineup includes prominent names such as Le Travenues Technology Ltd (Ixigo) and Magenta Lifecare Ltd, among others. Let’s take a look into the details of these upcoming IPOs in June 2024.
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Mainboard IPOs June 2024: Upcoming IPO
Let’s explore the list of upcoming IPOs for 2024, including their opening and closing dates, along with a preview of anticipated IPOs expected to launch soon.
Kronox Lab Sciences Ltd
Kronox Lab Sciences Ltd, founded in 2008, is a key player in the production of high-purity speciality chemicals used across various industries such as pharmaceuticals, biotech, and personal care. The company provides more than 185 products, including phosphates, nitrates, and EDTA derivatives, to customers in India and 20 other countries.
- IPO Dates: June 3, 2024 – June 5, 2024
- Price Range: Rs 129 to Rs 136 per share
- Lot Size: 110 shares
- Total IPO Size: Up to Rs 130.15 crore
- Basis of Allotment: June 7, 2024
- Listing Date: June 10, 2024
For the period ending December 31, 2023, Kronox Lab reported revenue of Rs 67.69 crore, an 8.6% decline from the previous year. Despite this, their profit after tax increased to Rs 15.47 crore from Rs 14.09 crore.
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Le Travenues Technology Ltd (Ixigo)
Operating under the brand “ixigo”, Le Travenues Technology Ltd is an established online travel agency that facilitates booking train, flight, and bus tickets, as well as hotels. Their advanced services include PNR status predictions and AI-based travel planning.
- IPO Dates: June 10, 2024 – June 12, 2024
- Price Range: Rs 88 to Rs 93 per share
- Lot Size: 161 shares
- Total IPO Size: Rs 740.15 crore
- Basis of Allotment: June 13, 2024
- Initiation of Refunds to non-allottees: June 14, 2024
- Listing Date: June 18, 2024
For the period ending December 31, 2023, ixigo reported revenue of Rs 491 crore, up from Rs 362.3 crore the previous year, with a significant profit increase to Rs 65.7 crore from Rs 18.6 crore.
SME IPO’s in June 2024
Sattrix Information Security Ltd
Founded in 2013, Sattrix Information Security Ltd focuses on cybersecurity solutions, offering comprehensive assessment services, IT infrastructure management, and managed security services.
- IPO Dates: June 5, 2024 – June 7, 2024
- Price: Rs 121 per share
- Total IPO Size: Rs 21.78 crore
- Listing Date: June 12, 2024
- Basis of Allotment: June 10, 2024
- Initiation of Refunds to non-allottees: June 11, 2024
Sattrix posted a revenue decline of 63% to Rs 1.89 crore, with a negative profit after tax of Rs 0.19 crore for the period ending December 31, 2023.
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Magenta Lifecare Ltd
Magenta Lifecare Ltd specializes in the manufacturing of foam-based mattresses and pillows, marketed under the brand “Magenta”.
- IPO Dates: June 5, 2024 – June 7, 2024
- Price: Rs 35 per share
- Lot Size: 4,000 shares
- Total IPO Size: Rs 7 crore
- Basis of Allotment: June 10, 2024
- Initiation of Refunds to non-allottees: June 11, 2024
- Listing Date: June 12, 2024
The company’s revenue for the period ending December 31, 2023, was Rs 6 crore, down from Rs 9.06 crore. However, the profit after tax increased to Rs 0.66 crore from Rs 0.32 crore.
3C IT Solutions & Telecoms (India) Ltd
Established in 2015, 3C IT Solutions & Telecoms (India) Ltd offers a wide range of IT products and services, including infrastructure solutions, digital business solutions, and consulting services.
- IPO Dates: June 4, 2024 – June 7, 2024
- Price: Rs 52 per share
- Lot Size: 2,000 shares
- Total IPO Size: Rs 11.44 crore
- Basis of Allotment: June 10, 2024
- Listing Date: June 12, 2024
For the period ending December 31, 2023, the company reported a significant revenue decline to Rs 23.18 crore, with a profit after tax of Rs 5.05 crore.
TBI Corn Ltd
TBI Corn Ltd, based in Maharashtra, India, is known for manufacturing and exporting corn meal grits.
- IPO Dates: May 31, 2024 – June 4, 2024
- Price Range: Rs 90 to Rs 94 per share
- Lot Size: 1,200 shares
- Total IPO Size: Rs 44.94 crore
- Basis of Allotment: June 5, 2024
- Listing Date: June 7, 2024
The company experienced a 324% revenue surge to Rs 101.04 crore and a profit after tax increase of 1463% to Rs 7.66 crore for the period ending December 31, 2023.
Aimtron Electronics Ltd
Aimtron Electricals Ltd, established in 2011, specializes in electronics system design and manufacturing (ESDM), providing PCB design, assembly, and electronic system manufacturing services.
- IPO Dates: May 30, 2024 – June 3, 2024
- Price Range: Rs 153 to Rs 161 per share
- Lot Size: 800 shares
- Total IPO Size: Rs 87.02 crore
- Basis of Allotment: June 4, 2024
- Listing Date: June 6, 2024
The company reported revenue of Rs 67.07 crore and a profit after tax of Rs 12.93 crore for the period ending December 31, 2023.
Associated Coaters Ltd
Associated Coaters Ltd focuses on the pre-treatment and powder coating of aluminium extrusions for the architectural and real estate industries.
- IPO Dates: May 30, 2024 – June 3, 2024
- Price: Rs 121 per share
- Lot Size: 1,000 shares
- Total IPO Size: Rs 5.11 crore
- Basis of Allotment: June 4, 2024
- Listing Date: June 6, 2024
For the period ending December 31, 2023, the company reported revenue of Rs 3.97 crore and a profit after tax of Rs 7.58 crore.
The June 2024 IPOs offer a diverse range of investment opportunities across various industries, from speciality chemicals and cybersecurity to travel technology and electronics manufacturing. Investors looking to diversify their portfolios should keep an eye on these upcoming IPOs, as they present the potential for significant returns.
FAQs: IPO
What is an IPO?
Companies offer their shares to general investors for the first time through IPO. It is a process referring to offloading partial ownership of the company through the release of equity shares and getting listed in the stock exchanges.
What are the benefits of Investing in an Upcoming IPO?
Investing in upcoming IPOs offers investors a chance to build long-term wealth. Buying shares in an IPO means investing in assets that have the potential to increase in value over time.
Once an IPO is launched, the company’s shares become readily available for trading on the secondary market. This enhances the liquidity of the shares, making it easier for investors to buy or sell them. Additionally, over time, investors may enjoy additional benefits such as bonus shares or dividends.
Can you invest in an upcoming IPO online?
Nowadays you can conveniently bid for upcoming IPOs online. Services like IDirect make it possible for you to invest in upcoming IPOs with ease and speed.
How to apply for an IPO?
– If you are already a client of any Online Trading Platforms, apply directly for RR Kable IPO.
– If you’re a new investor Open DEMAT Account for free with Online Trading Platforms and build wealth with the best stock choices.
Disclaimer: Date and time may subjected to change. Any opinions and suggestions given in this article do not represent the views of Indiatimes. Investments are subject to market risks, please invest carefully.
