3 IPOs worth over Rs 1,000 crore set to open next week. Check details

Dalal Street has actually settled to a degree after having actually dealt with high volatility in the wake of the Lok Sabha election results and the marketplace is going to be abuzz with 3 IPOs lined up next week.

The going publics (IPO) of DEE Piping Systems, Aasaan Loans, and Stanley Lifestyles are set to open for public concern next week. The combined worth that the 3 IPOs are seeking to raise is over Rs 1,000 crore.

Before possible financiers pick to subscribe to them, let’s have an appearance at some of the information of these IPOs.

DEE Piping Systems IPO

DEE Piping Systems (DEE Development Engineers Limited) IPO is a book-built concern worth Rs 418.01 crore. This consists of a fresh concern of 1.6 crore shares totaling up to Rs 325 crore and a sell of 46 lakh shares amounting to Rs 93.01 crore.

The DEE Piping Systems IPO will open for membership on June 19, 2024, and close on June 21, 2024.

The allocation is anticipated to be settled on Monday, June 24, 2024. The IPO will be noted on BSE and NSE, with a tentative listing date of Wednesday, June 26, 2024.

The cost band for the DEE Piping Systems IPO is set in between Rs 193 and Rs 203 per share.

The minimum lot size for an application is 73 shares, needing a minimum financial investment of Rs 14,819 for retail financiers. For sNII, the minimum financial investment is 14 lots (1,022 shares) amounting to Rs 2,07,466, and for bNII, it is 68 lots (4,964 shares) totaling up to Rs 10,07,692.

SBI Capital Markets Limited and Equirus Capital Private Limited are the book-running lead supervisors for the DEE Piping Systems IPO, while Link Intime India Private Ltd is the registrar for the concern.

Aasaan Loans IPO

Aasaan Loans (Akme Fintrade India Ltd) is releasing an IPO to raise Rs 132 crore. This concern consists completely of a fresh problem of 1.1 crore shares.

The Aasaan Loans IPO will be open for membership from June 19, 2024, to June 21, 2024.

The allocation is anticipated to be settled on Monday, June 24, 2024, and the shares will be noted on the BSE and NSE, with a tentative listing date of Wednesday, June 26, 2024.

The cost band for the Aasaan Loans IPO is set in between Rs 114 and Rs 120 per share.

The minimum lot size for an application is 125 shares. Retail financiers require to invest a minimum of Rs 15,000. For little non-institutional financiers (sNII), the minimum financial investment is 14 lots (1,750 shares), amounting to Rs 2,10,000. For huge non-institutional financiers (bNII), the minimum financial investment is 67 lots (8,375 shares), amounting to Rs 10,05,000.

Gretex Corporate Services Limited is the book running lead supervisor for the Aasaan Loans IPO, and Bigshare Services Pvt Ltd is serving as the registrar for the concern.

Stanley Lifestyles IPO

Stanley Lifestyles Limited is releasing an IPO worth Rs 537.02 crore. This IPO consists of a fresh problem of 54 lakh shares amounting to Rs 200 crore and a market of 91 lakh shares amounting to Rs 337.02 crore.

The membership duration for the Stanley Lifestyles IPO starts on June 21, 2024, and ends on June 25, 2024.

The allocation is anticipated to be settled on June 26, 2024. The IPO will be noted on both the BSE and NSE, with the tentative listing date set for June 28, 2024.

The cost band for the IPO is set in between Rs 351 to Rs 369 per share.

Financiers should get a minimum of 40 shares, needing a minimum financial investment of Rs 14,760 for retail financiers. For little non-institutional financiers (sNII), the minimum financial investment is 14 lots (560 shares), totaling up to Rs 2,06,640. For big non-institutional financiers (bNII), the minimum financial investment is 68 lots (2,720 shares), totaling up to Rs 10,03,680.

Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead supervisors for the Stanley Lifestyles IPO. Kfin Technologies Limited is the registrar for the concern.