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Upcoming IPOs this week: Advit Jewels, Waterways Leisure Tourism, CSM Tech, 6 other issues to open, 6 listings scheduled

Upcoming IPOs this week: Advit Jewels, Waterways Leisure Tourism, CSM Tech, 6 other issues to open, 6 listings scheduled

Upstox 5 days ago

Upcoming IPOs: The improving conditions in West Asia have revived the primary market. The mainboard initial public offerings of Advit Jewels, Waterways Leisure Tourism and CSM Technologies will open this week.

SME issues that will go live include Shreedhar Spinners, Jivial Industries, Dhanwel Hybrid Seeds, Sri Priyanka Geo Commex, IC Electricals and Crazy Snacks.

Listings that are scheduled for this week include Clay Craft, Diksha Polymers, Leapfrog Engineering, Liotech Industries, Avience Biomedicals and Riyaasat Lifestyle.

Jaipur-based jewellery manufacturer Advit Jewels' initial share sale will be live from June 23 to June 25. It has set a price band of ₹130 to ₹138 per share.

The ₹165.16 crore IPO is a fresh issuance of 1.20 crore shares, with no offer for sale (OFS) component.

Funds to the tune of ₹65 crore will be used for repayment of borrowings, ₹65 crore for incremental working capital requirements, and the remaining proceeds will be deployed towards general corporate purposes.

A lot consists of 100 shares and multiples thereof.

Advit Jewels makes jewellery under its brand 'Rambhajo' and is known for customised Polki and Kundan creations. It designs distinctive pieces blending traditional craftsmanship with contemporary aesthetics, serving both retailers and high-net-worth individual clients.

Waterways Leisure Tourism IPO

Cordelia Cruises' operator, Waterways Leisure Tourism, which has set a price band of ₹769 to ₹808 per share, will open on June 23. The issue will conclude on June 25.

The company seeks to raise ₹585 crore via fresh issuance of shares. The money raised will be used for lease payments of stepdown subsidiary Baycruise Shipping and Leasing (IFSC) Pvt Ltd and corporate general purposes.

Its cruise vessel 'MV Empress' primarily sails to domestic locations such as Mumbai, Kochi, Chennai, Goa, Lakshadweep, Visakhapatnam and Puducherry. It also offers international itineraries.

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IT solutions provider CSM Technologies has fixed a price band of ₹107 to ₹113 per share for its initial public offering (IPO), which will open for subscription on June 24.

The IPO, which is looking to raise up to ₹145.78 crore via solely a fresh issuance of shares, will conclude on June 27.

Investors can apply for a minimum of 132 equity shares and multiples thereof.

The proceeds from the fresh issue to the extent of ₹56 crore will be for working capital requirements, ₹22.63 crore for debt repayment and the rest for inorganic growth through unidentified acquisitions and general corporate purposes.

CSM Technologies is among the few IT solution providers that delivers unique projects for both government and private clients.

Shreedhar Spinners IPO

  • Issue size: ₹30.68 crore (fresh issue)
  • Price band: ₹51 to ₹53 per share
  • Subscription period: Opens June 23, closes June 25
  • Listing on NSE SME: July 1
  • Lot size for individual investors: 4,000 shares

Jivial Industries IPO

  • Issue size: ₹31.99 crore (Fresh issue + OFS)
  • Price band: ₹196 per share
  • Subscription period: Opens June 23, closes June 25
  • Listing on NSE SME: July 1
  • Lot size for individual investors: 1,200 shares

Dhanwel Hybrid Seeds IPO

  • Issue size: ₹26.73 crore (fresh issue)
  • Price band: ₹95 to ₹99 per share
  • Subscription period: Opens June 24, closes June 29
  • Listing on NSE SME: July 2
  • Lot size for individual investors: 2,400 shares

Sri Priyanka Geo Commex IPO

  • Issue size: ₹94.51 crore (fresh issue)
  • Price band: ₹207 to ₹99 212 per share
  • Subscription period: Opens June 24, closes June 29
  • Listing on NSE SME: July 2
  • Lot size for individual investors: 1,200 shares

IC Electricals IPO

  • Issue size: ₹47.91 crore (fresh issue)
  • Price band: ₹94 to ₹99 per share
  • Subscription period: Opens June 25, closes June 30
  • Listing on NSE SME: July 3
  • Lot size for individual investors: 2,400 shares

Crazy Snacks IPO

  • Issue size: ₹31.47 crore (fresh issue + OFS)
  • Price band: ₹39 to ₹42 per share
  • Subscription period: Opens June 25, closes June 30
  • Listing on BSE SME: July 3
  • Lot size for individual investors: 6,000 shares
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