Upcoming IPO: From HDB Financial to Steel Tubes, These Companies Set to Open Public Listings This Week
Upcoming IPOs: The IPO market is experiencing renewed interest, with several public offerings slated for the next days. Three companies will launch their IPOs on June 24: Global Civil Projects Limited (Rs 119 Cr; price band Rs 67-71; lot size 211 shares), Ellenberry Industrial Gases (Rs 852 crore; price band Rs 380-400; lot size 37 shares), and an unnamed company (price band Rs 387-414; lot size 36 shares). All three issues are available for subscription until June 26, with listings expected on July 1, 2025. These products give retail investors possibilities with minimum investments ranging from Rs 14,800 to Rs 14,981.
Upcoming IPO This Week
On June 25, HDB Financial Services, a subsidiary of HDFC Bank, will launch a Rs 12,500 crore IPO, which is keenly anticipated. This includes Rs 10,000 crore through an offer for sale and Rs 2,500 crore in fresh equity. The price band is Rs 700-740, with a lot size of 20 shares. Steel Tubes' IPO on June 25 aims to earn 540 crore, including 440 crore in fresh stock and 100 crore through an offer for sale. The price range is Rs 77-82, and the lot size is 182 shares. Both IPOs close on June 27 and are expected to list on July 2. The only IPO opening on June 26 is INTOGULF Crop Sciences, priced at Rs 160 Cr, with a listing scheduled on July 3. The price range for this issue has yet to be disclosed.
