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Economic Times
34 minutes ago
- Economic Times
IPO Tsunami: HDB Financial Services, 12 others to raise up to Rs 16,000 crore next week
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The primary market will be up for some intense action next week with 13 (IPOs) hitting the D-Street. The companies will be raising nearly Rs 16,000 crore during the week, with five mainboard public issues up for action comes after a lull amid challenges on geopolitical and tariff fronts that have plagued the stock on what lies ahead, Bajaj Broking expects an "energetic week" for the primary markets with five boards hitting the Street."This surge follows a steady build-up in investor enthusiasm, reflecting the ongoing appetite for fresh equity offerings. Market sentiment remains broadly constructive, driven by improving macroeconomic indicators, favourable liquidity conditions, and increasing participation from both institutional and retail investors. The strong performance of recent listings continues to bolster confidence and encourage broader engagement in the primary market," Bajaj Broking said in a upcoming wave of IPOs will offer investors a diverse mix of opportunities across sectors—further. "As the fundraising pipeline strengthens, we anticipate the primary market could well surpass expectations for the first half of FY26," this brokerage Nifty closing decisively above the 25,000 mark on Friday at 25,112.40 and 1.6% weekly gains, the cues remain positive from the secondary markets as well. The index has reclaimed the 21-day EMA, which could provide further momentum for an upward move."Nifty moved up sharply after three days of consolidation, resuming its short-term rally. The support is now placed at 24,850, and the index remains a 'buy on dips' as long as it holds above this level. On the higher side, it may continue advancing towards 25,350 and beyond," Rupak De, Senior Technical Analyst at LKP Securities, momentum building and valuations looking attractive in select offerings, now is an opportune moment for discerning investors to align with quality businesses entering the listed space, Bajaj Broking recommends.1) Kalpataru IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 387 to Rs 414. The Mumbai-based real estate developer is slated to raise Rs 1,590 crore via IPO.2) Globe Civil Projects IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 67 to Rs 71. The New Delhi-headquartered EPC company plans to garner Rs 119 crore.3) Ellenbarrie Industrial Gases IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 380 to Rs 400. The industrial gases provider plans to mop up Rs 852.53 crore via the public issue.4) HDB Financial Services IPO : The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 700 to Rs 740. This remains the most anticipated issue among the pack with HDFC Bank's NBFC arm expecting to mobilise Rs 12,500 crore through the issue.5) Sambhav Steel Tubes IPO: A book-building issue where the electric resistance welded steel pipes and structural tubes maker plans to raise up to R 540 crore. The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 77 to Rs SME segment will also see top action with 7 IPOs opening for subscription.1) Suntech Infra Solutions IPO: The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 81-86. The IPOs will be listed on NSE Emerge. The company is expected to raise up to Rs 42.16 crore.2) Shri Hare-Krishna Sponge Iron IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 56-59. The IPOs will be listed on NSE Emerge. The company is expected to raise up to Rs 28.39 crore.3) AJC Jewel IPO: It is a book-building issue of Rs 14.59 crores and opens for subscription on June 23, 2025 and closes on June 26. The issue price band has been set at Rs 90-95 per share.4) Icon Facilitators IPO: Issue opens for subscription on June 24, 2025 and closes on June 26, 2025, and the company plans to raise up to 19.11 crores via the book-building process. The price band has been set at Rs 85-91 per share.5) Abram Food IPO: Issue opens for subscription on June 24 and closes on June 26, and the company plans to raise up to 13.99 crores via the book-building process. It is a fixed price issue with shares available at Rs 98 per share.6) PRO FX Tech IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 40.30 crores via the book-building process. The price band has been set at Rs 82-87 per share.7) Valencia India IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 46.49 crores via the book-building process. The price band has been set at Rs 95-110 per share.8) Ace Alpha IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 47.15 crores via the book-building process. The price band has been set at Rs 101-107 per SME IPOs are currently open for subscription. They will close on June 24.1) Safe Enterprises Retail Fixtures IPO2) Mayasheel Ventures IPO3) Aakaar Medical Technologies IPOSamay Project Services, Patil Automation, Eppeltone Engineers, and Influx Healthtech will be among the stocks to get listed this week.
Time of India
37 minutes ago
- Time of India
IPO Tsunami: HDB Financial Services, 12 others to raise up to Rs 16,000 crore next week
The primary market will be up for some intense action next week with 13 (IPOs) hitting the D-Street. The companies will be raising nearly Rs 16,000 crore during the week, with five mainboard public issues up for grabs. The action comes after a lull amid challenges on geopolitical and tariff fronts that have plagued the stock markets. Commenting on what lies ahead, Bajaj Broking expects an "energetic week" for the primary markets with five boards hitting the Street. "This surge follows a steady build-up in investor enthusiasm, reflecting the ongoing appetite for fresh equity offerings. Market sentiment remains broadly constructive, driven by improving macroeconomic indicators, favourable liquidity conditions, and increasing participation from both institutional and retail investors. The strong performance of recent listings continues to bolster confidence and encourage broader engagement in the primary market," Bajaj Broking said in a note. This upcoming wave of IPOs will offer investors a diverse mix of opportunities across sectors—further. "As the fundraising pipeline strengthens, we anticipate the primary market could well surpass expectations for the first half of FY26," this brokerage said. With Nifty closing decisively above the 25,000 mark on Friday at 25,112.40 and 1.6% weekly gains, the cues remain positive from the secondary markets as well. The index has reclaimed the 21-day EMA, which could provide further momentum for an upward move. "Nifty moved up sharply after three days of consolidation, resuming its short-term rally. The support is now placed at 24,850, and the index remains a 'buy on dips' as long as it holds above this level. On the higher side, it may continue advancing towards 25,350 and beyond," Rupak De, Senior Technical Analyst at LKP Securities, said. With momentum building and valuations looking attractive in select offerings, now is an opportune moment for discerning investors to align with quality businesses entering the listed space, Bajaj Broking recommends. Mainboard IPO opening schedule: 1) Kalpataru IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 387 to Rs 414. The Mumbai-based real estate developer is slated to raise Rs 1,590 crore via IPO. 2) Globe Civil Projects IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 67 to Rs 71. The New Delhi-headquartered EPC company plans to garner Rs 119 crore. 3) Ellenbarrie Industrial Gases IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 380 to Rs 400. The industrial gases provider plans to mop up Rs 852.53 crore via the public issue. 4) HDB Financial Services IPO : The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 700 to Rs 740. This remains the most anticipated issue among the pack with HDFC Bank's NBFC arm expecting to mobilise Rs 12,500 crore through the issue. 5) Sambhav Steel Tubes IPO: A book-building issue where the electric resistance welded steel pipes and structural tubes maker plans to raise up to R 540 crore. The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 77 to Rs 82. The SME segment will also see top action with 7 IPOs opening for subscription. SME IPOs 1) Suntech Infra Solutions IPO: The issue will open on Wednesday, June 25 and end on Friday, June 27. The IPO price band has been set at Rs 81-86. The IPOs will be listed on NSE Emerge. The company is expected to raise up to Rs 42.16 crore. 2) Shri Hare-Krishna Sponge Iron IPO: The issue will open on Tuesday, June 24 and end on Thursday, June 26. The IPO price band has been set at Rs 56-59. The IPOs will be listed on NSE Emerge. The company is expected to raise up to Rs 28.39 crore. 3) AJC Jewel IPO: It is a book-building issue of Rs 14.59 crores and opens for subscription on June 23, 2025 and closes on June 26. The issue price band has been set at Rs 90-95 per share. 4) Icon Facilitators IPO: Issue opens for subscription on June 24, 2025 and closes on June 26, 2025, and the company plans to raise up to 19.11 crores via the book-building process. The price band has been set at Rs 85-91 per share. 5) Abram Food IPO: Issue opens for subscription on June 24 and closes on June 26, and the company plans to raise up to 13.99 crores via the book-building process. It is a fixed price issue with shares available at Rs 98 per share. 6) PRO FX Tech IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 40.30 crores via the book-building process. The price band has been set at Rs 82-87 per share. 7) Valencia India IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 46.49 crores via the book-building process. The price band has been set at Rs 95-110 per share. 8) Ace Alpha IPO: Issue opens for subscription on Thursday, June 26, 2025 and closes on Monday, June 30, 2025, and the company plans to raise up to 47.15 crores via the book-building process. The price band has been set at Rs 101-107 per share. Running IPOs Three SME IPOs are currently open for subscription. They will close on June 24. 1) Safe Enterprises Retail Fixtures IPO 2) Mayasheel Ventures IPO 3) Aakaar Medical Technologies IPO Listings Samay Project Services, Patil Automation, Eppeltone Engineers, and Influx Healthtech will be among the stocks to get listed this week.
Economic Times
an hour ago
- Economic Times
Sebi's June 2025 board meeting: A regulatory makeover with market empathy
Simplification of Institutional Fund Raising Startup Founders Rejoice Live Events Freedom to Merchant Bankers Welcome to Indian Markets Key Message: (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Securities and Exchange Board of India (Sebi) in its last board meeting unveiled a sweeping set of regulatory reforms that reflect both market responsiveness and forward-looking policymaking. This meeting wasn't just a quarterly update — it was a full-body reset on many longstanding regulatory frameworks, aimed at easing compliance burdens, deepening market access , and aligning Indian capital markets with global meeting also marked a strategic recalibration of SEBI's regulatory posture. It demonstrated a commitment to reducing compliance friction while safeguarding core market integrity. In doing so, SEBI is responding to the evolving expectations of a maturing market, one that now hosts retail participation at scale, large institutional flows, digitised securities infrastructure, and increased cross-border also gave its green light to a streamlined disclosure regime for Qualified Institutions Placements. The lengthy and often duplicative disclosure requirements will give way to concise, issue-specific and material risk disclosures, leveraging publicly available data. Companies will no longer need to reproduce financials already present in the public domain, making capital-raising quicker and more new-age tech companies decide to go public, they reach a point where they can no longer use the ESOP (Employee Stock Option Plan) benefits available to startup promoters. At the same time, the founders are usually classified as 'promoters' in the draft prospectus (DRHP) because of their combined shareholding. Once identified as promoters, and given the rules that apply to listed companies under SEBI's ESOP regulations, they are no longer allowed to receive ESOPs—regardless of whether the company is still considered a has been a long-standing problem, and many industry bodies, including FICCI, have given representation to the regulator to address this concern. Resultantly, SEBI in the floated consultation paper of March 2025 sought to clarify the treatment of Employee Stock Ownership Plans granted to per this recent progressive decision, the startup founders classified as promoters can now continue to hold and/or exercise share-based benefits, such as ESOPs, even after the company lists, provided these benefits were received at least one year prior to filing the previously proposing that merchant bankers separate their non-regulated activities into a different legal entity, SEBI has eased its stand. Merchant bankers can now conduct regulated as well as certain non-regulated, fee-based financial services within the same entity — provided they comply with their respective financial sector regulators' guidelines and SEBI-prescribed conditions. This was in direct response to feedback from key industry bodies like FICCI, which warned of unnecessary cost and a move intended to enhance flexibility for companies considering reverse flipping and improve investor participation, SEBI approved amendments to its ICDR Regulations. Following a consultation paper of March 2025, SEBI relaxed the one-year minimum holding period requirement for equity shares arising from the conversion of fully paid-up compulsorily convertible securities acquired under approved schemes. Investors can now offer these shares in a public issue, harmonising these provisions with the existing minimum promoters' contribution requirements.'Ease of Doing Business is not a dilution — it is a deliberate design. But it must be paired with credible safeguards, professional discipline, and investor-first thinking.'With reforms addressing Alternative Investment Funds, Real Estate and Infrastructure Investment Trusts (REITs/InvITs), Merchant Bankers, Debenture Trustees, and more, SEBI is laying down a unified, consistent, and future-compatible regulatory said, there is scope to do more. The regulator could further simplify the capital-market instruments — for example, by allowing a fast-track conversion process for Private InvITs to list as Public InvITs. Steps like these will make the Indian capital markets even more accessible, liquid, and investor-friendly.
