IPO buzz returns: Big July lineup to raise up to Rs 26,000 crore
After a slow start in 2025, India's IPO market seems to be active again. While the year began with companies delaying their public offers due to weak stock market conditions, June has brought back movement in the primary market.So far this month, two companies have already opened their IPOs for subscription. Oswal Pumps Limited opened its issue between June 13 and June 17, while Arisinfra Solutions started its 3-day bidding process on June 18, which will close on June 20.advertisementNow, at least eight more companies are preparing to launch their initial public offerings by the end of June and into July. These upcoming IPOs are expected to raise over Rs 26,000 crore in total.
"As the markets are stabilising and are in a range of 24,500 to 25,000, you can see some kind of activity that it is coming back in the primary market after a small brief small gap. Companies are also lining up to raise money from the primary market. Also, the earlier listings are recovering, which is one of the optimisms driving the markets," said Kranthi Bathini, Equity Strategy, WealthMills Securities Pvt Ltd. BIG NAMES IN LINEThe companies likely to hit the market soon include HDB Financial Services, Sambhv Steel Tubes, Ellenbarrie Industrial Gases, Kalpataru, Globe Civil Projects, NSDL, Hero Fincorp and JSW Cement.advertisementAmong them, HDB Financial Services is preparing one of the largest IPOs in this lineup. According to a report by Moneycontrol, the company may soon file its red herring prospectus (RHP).The IPO is worth around Rs 12,500 crore, with a fresh issue of Rs 2,500 crore and an offer-for-sale of up to Rs 10,000 crore. The anchor investor portion is likely to open on June 24, with the full IPO expected between June 25 and June 27.Sambhv Steel Tubes, which received approval from SEBI in March, is also ready to launch its IPO soon. The public offer will be a book-building issue of Rs 540 crore.It will include a fresh issue of Rs 440 crore and an offer-for-sale of Rs 100 crore. People aware of the development said the company is in the final stages of preparation. The retail quota for both HDB Financial Services and Sambhv Steel Tubes is expected to be around 35%.Despite no official price band yet, HDB Financial's IPO is already showing signs of investor interest. A grey market premium (GMP) of Rs 93 per share has been seen in the grey market, indicating strong demand.MORE COMPANIES JOINING THE LISTEllenbarrie Industrial Gases and Kalpataru are also looking to launch their IPOs soon. Both companies had received SEBI clearance earlier – Ellenbarrie in January and Kalpataru in November last year. Ellenbarrie plans to raise Rs 400 crore, while Kalpataru is aiming for Rs 1,590 crore. Both are likely to finalise their IPO dates shortly.advertisementJSW Cement, which got Sebi approval in January, has already started roadshows for its IPO. The company is planning to raise around Rs 4,000 crore, and the issue is expected to hit the market sometime in July, as per a Bloomberg report.Globe Civil Projects has already confirmed its IPO dates. The public offer will open on June 24 and close on June 26. The issue is priced between Rs 67 and Rs 71 per share, with a target to raise around Rs 200 crore.Hero Fincorp is also preparing for its IPO after completing a pre-IPO funding round of Rs 260 crore. The company has slightly lowered its fresh issue size from Rs 2,100 crore to Rs 1,840 crore. It also includes an offer-for-sale portion worth Rs 1,568.13 crore. The total IPO size now stands at Rs 3,408.13 crore. Hero Fincorp received approval from SEBI in May to go ahead with the public issue.NSDL (National Securities Depository Limited) is also expected to come to the market before the end of July. The Securities and Exchange Board of India had extended NSDL's IPO deadline to July 2025. According to earlier reports by Bloomberg, the company is looking to raise around 400 million dollars, or roughly Rs 3,400 crore.Must Watch
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
34 minutes ago
- Hans India
Think out of box to meet future needs of Hyd'bad denizens: CS to planners
Chief Secretary Ramakrishna Rao has emphasised the critical need for advanced planning to efficiently meet the future requirements for basic amenities for citizens, given the exponential growth of Hyderabad and its surrounding areas. The Chief Secretary further explained that these reviews of local bodies are being undertaken as per the instructions of Chief Minister A Revanth Reddy. Accompanied by MAUD (Municipal Administration and Urban Development) officials and the Rangareddy District Collector, the Chief Secretary visited Shamshabad Municipality and conducted a review meeting. During the session, the Chief Secretary ascertained information regarding the Municipal Corporation's jurisdiction and population. Furthermore, he reviewed the services being extended by the Municipal Council to its citizens, including water supply, street lighting, drainage networks, and Sewage Treatment Plants (STPs). The Chief Secretary stressed the importance of effective property tax collection to finance various activities undertaken by the Urban Local Body (ULB). Following the review meeting, the Chief Secretary visited the Eco Park developed by the Hyderabad Metropolitan Development Authority (HMDA) across approximately 85 acres at Kothwalguda, at a cost of Rs 75 crore. He inspected various components of the park, such as boardwalks, the bird aviary, the arrival plaza, and other landscaped facilities. This park is slated to be opened to the public within two months by the Chief Minister, once the finishing works of the arrival plaza are complete. The Chief Secretary also visited the Budvel layout, currently under development by HMDA. The Municipal Commissioner of HMDA explained the salient features of the layout, including multiple use developments and infrastructure in the form of wide roads (45m and 36m), as well as other proposed trunk infrastructure like water supply, drainage, and underground electrification.
New Indian Express
37 minutes ago
- New Indian Express
Net direct tax collection contracts by 1.4% in first quarter of FY26
NEW DELHI: Net direct tax collection in the first quarter (till 19 June 2025) of FY26 has contracted by 1.39% compared to the corresponding period last year. Even the gross tax collections during the period showed a moderate growth. The provisional figures released by the Central Board of Direct Taxes (CBDT) show that gross direct tax collections in the first quarter stand at Rs 5.45 lakh crore, a 4.86% growth from Rs 5.2 lakh crore in FY 2024-25 (as on June 19, 2024). Refunds have surged by 58.04%, amounting to Rs 86,385.31 crore during the period, significantly higher than Rs 54,660.79 crore in the previous fiscal year's comparable period.
Time of India
39 minutes ago
- Time of India
Chhattisgarh State Consumer Commission orders SBI Life to pay Rs 50 lakh to widow, rejects concealment claim
RAIPUR: The Chhattisgarh State Consumer Disputes Redressal Commission has directed SBI Life Insurance Company to pay Rs 50 lakh to Savitri Salam, whose husband's insurance claim was initially rejected. The Commission found that the insurer failed to conclusively prove concealment of pre-existing diseases by the deceased. Savitri Salam, a resident of Surdongar village in Keshkal tehsil, filed a complaint after her husband's health deteriorated, leading to his demise on 16 June 2021. She had sought a claim under a policy taken by her husband, but SBI Life Insurance rejected it, alleging that he had provided incorrect information about his pre-existing medical conditions and treatment in the proposal form. The insurance company argued before the District Consumer Commission that the insured suffered from diabetes and heart disease prior to taking the policy, and this was noted in his medical records from AIIMS, Raipur, as part of his medical history. Based on this, the claim was rejected due to misrepresentation of health information in the proposal form. The District Consumer Commission, Kanker, accepted Savitri Salam's complaint and directed the insurance company to pay the full claim amount within one month. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo SBI Life Insurance then challenged this order before the Chhattisgarh State Consumer Disputes Redressal Commission. During the appeal hearing, the bench of Justice Gautam Chourdiya, President, and Pramod Kumar Varma, Member, determined that the claim was rejected solely based on a note in the AIIMS, Raipur, medical record. No other medical records were presented to conclusively prove that the insured suffered from diabetes and heart disease before applying for the policy, had undergone any prior treatment, or was on continuous medication. The Commission observed there was no evidence to suggest that the insured was aware of these conditions when he submitted the proposal. The State Commission concluded that it was not appropriate to claim the insured intentionally concealed important facts about his pre-existing diseases in the proposal. The appeal was rejected, and SBI Life Insurance Company has been directed to pay Rs 50 lakh from the life insurance claim, after deducting the Rs 56,621 premium amount already refunded to Savitri Salam by the insurance company. This amount will also include 7% annual simple interest from the date the complaint was filed (27 December 2023).
