SUMMARY
- Three mainboard IPOs and several SME issues are opening this week.
- Advit Jewels and Waterways Leisure Tourism are among the most talked-about public offerings.
- Advit Jewels is attracting strong grey market interest ahead of its launch.
- Investors looking for listing gains and long-term opportunities may keep these five IPOs on their watchlist this week.
IPO Market Returns to Action
After a relatively quiet period, India’s primary market is seeing fresh momentum. A combination of improving market sentiment and healthy investor participation has encouraged several companies to launch their public issues.
Among the upcoming offerings, five IPOs stand out due to their business profile, issue size, growth prospects, and investor interest. While market conditions can change quickly, these are the IPOs likely to attract the most attention this week.
1. Advit Jewels IPO
Advit Jewels is emerging as one of the most closely watched IPOs of the week. The Jaipur-based jewellery manufacturer has fixed a price band of ₹130-138 per share and will open for subscription from June 23 to June 25. The company plans to raise around ₹165 crore through a fresh issue.
What makes this IPO interesting is the strong grey market sentiment. Ahead of the issue opening, shares were reportedly commanding a premium of around 47% in the unofficial market, while SBI Securities has reportedly assigned a “Subscribe” rating.
The company operates under the Rambhajo brand and has a strong presence in premium Polki and Kundan jewellery.
2. Waterways Leisure Tourism IPO
Waterways Leisure Tourism, the operator of Cordelia Cruises, is another major IPO opening this week. The company has set a price band of ₹769-808 per share and aims to raise ₹585 crore through a fresh issue. Subscription will remain open from June 23 to June 25.
The company is India’s leading domestic cruise operator and benefits from growing interest in experiential travel and cruise tourism. Investors looking for exposure to the tourism and hospitality segment may find this issue worth tracking.
3. CSM Technologies IPO
Technology-focused investors may closely watch CSM Technologies. The company provides digital solutions to both government and private sector clients and plans to raise nearly ₹146 crore through its IPO. The issue will open on June 24.
The company intends to utilize proceeds for working capital, debt reduction, and future growth initiatives. With digital transformation spending continuing to rise across sectors, CSM Technologies could attract long-term investors seeking exposure to the IT services space.
4. Sri Priyanka Geo Commex IPO
Among the SME offerings, Sri Priyanka Geo Commex stands out due to its relatively larger issue size of around ₹94.5 crore. The company is opening its issue on June 24 and targets investors looking for SME opportunities with a larger fundraising profile.
Its higher issue size compared with most SME peers may help it gain greater market visibility among retail participants.
5. Shreedhar Spinners IPO
Shreedhar Spinners is another SME IPO that investors may keep on their radar. The company is launching a fresh issue worth over ₹30 crore and operates in the textile segment.
With India’s textile industry continuing to benefit from export opportunities and domestic demand growth, the IPO could attract interest from investors seeking exposure to manufacturing-focused businesses.
Which IPO Looks Most Attractive?
Based on current market buzz, Advit Jewels appears to be the most discussed IPO of the week, supported by strong grey market sentiment and positive brokerage commentary. Waterways Leisure Tourism offers exposure to India’s emerging cruise tourism industry, while CSM Technologies provides a technology-sector opportunity.
For investors willing to explore the SME segment, Sri Priyanka Geo Commex and Shreedhar Spinners could also be worth evaluating.
As always, investors should study company fundamentals, valuations, and risk factors before making any investment decision.
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Disclaimer : This content is created only for educational and informational purposes. Stock market investments are subject to risk. Always consult a professional financial advisor before making investment decisions.