📷 Image Credits: Mint
In the business world of India, exciting times are ahead as three mainboard initial public offerings (IPOs) are set to hit the market this week. The upcoming IPOs include DEE Development Engineers IPO, Stanley Lifestyles IPO, and Akme Fintrade India IPO. DEE Development Engineers will kick off the week’s offerings, opening on 19th June 2024, followed by Akme Fintrade India’s IPO on the same day, and Stanley Lifestyles IPO on the 21st of June 2024.
DEE Development Engineers IPO aims to raise ₹418.01 crore, while Akme Fintrade India and Stanley Lifestyles IPOs target ₹132 crore and ₹537.02 crore, respectively. With these three companies combined, a total of ₹1087 crore is at stake in the Indian primary market this week.
Starting with DEE Development Engineers, the IPO will run from 19th to 21st June 2024, with a price band set at ₹193 to ₹203 per equity share. The company plans to raise ₹325 crore through fresh issues and ₹93.01 crore through offers for sale. Market observers have reported a grey market premium (GMP) of ₹49 for DEE Development Engineers IPO.
Moving on to Akme Fintrade India, the NBFC is gearing up for its IPO opening with a price band of ₹114 to ₹120 per equity share. With a focus on fresh issues, the company aims to raise ₹132 crore. Market observers note a premium of ₹34 in the grey market for shares of Akme Fintrade India Ltd.
Lastly, Stanley Lifestyles, a luxury furniture designer, will allow bidding on their IPO from 21st to 25th June 2024. The company has set a price band of ₹351 to ₹369 per equity share, planning to raise ₹200 crore through fresh issues and ₹337.02 crore through offers for sale. The grey market premium for Stanley Lifestyles IPO today stands at ₹111.
As the Indian market gears up for these upcoming IPOs, investors and market enthusiasts are eagerly awaiting the opportunities and potential these offerings may bring. Stay tuned for more updates on DEE Development Engineers and Stanley Lifestyles as they aim to capture the market with their IPOs.
