Upcoming IPOs in June: India has become the second largest IPO hub in the world with a flurry of IPOs in the last two years. Moreover, as Lok Sabha election results are out, financial experts are expecting India’s upcoming IPO boom to reach even higher.
According to an ET report, Mahavir Lunawat, Managing Director, Pantomath Capital said, “We witness significant capital to be deployed in public markets and strong demand for new age as well as conventional companies. Companies with good fundamentals will go public and attract large amounts of capital from the street.”
Read More: ixigo IPO to Open on June 10: Check Subscription Dates, Price, GMP, Lot Size, Allotment, Listing
Upcoming IPOs
In the upcoming week, Le Travenues Technology, the parent company of travel platform Ixigo, is slated to launch its sole public offer.
Additionally, D-Street will likely witness four listings, including Kronox Labs, which garnered substantial investor interest, subscribing over 100 times, and is scheduled to debut on June 10.
Three other SME IPOs introduced in the upcoming week will also witness their shares listed on the SME platforms of both exchanges.
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Ixigo IPO
Le Travenues Technology, the parent company of travel platform Ixigo, is preparing to launch its public offering worth Rs 740 crore on June 10, with the issue closing on June 12.
On Friday, the company secured approximately Rs 333 crore from anchor investors, including prominent names like Nomura and Morgan Stanley, as cited in an ET report.
Moreover, Ixigo had earlier disclosed a pre-IPO secondary placement of about Rs 176.2 crore, completed prior to the opening of the anchor book.
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The IPO includes a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of up to 6.66 crore shares, with key stakeholders such as SAIF Partners and Micromax Informatics divesting part of their holdings.
The price band for the IPO is set at Rs 88-93 per share, which will allow the investors to bid for 161 shares in one lot and in multiples thereafter.
