{"id":38577,"date":"2024-06-17T13:05:20","date_gmt":"2024-06-17T07:35:20","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=38577"},"modified":"2025-11-10T13:33:53","modified_gmt":"2025-11-10T08:03:53","slug":"650-cr-funding-frenzy-5-ipos-open-on-june-19th","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/650-cr-funding-frenzy-5-ipos-open-on-june-19th\/","title":{"rendered":"\u20b9650 Crore Funding Frenzy: 5 IPOs Open on June 19th &#8211; Know the Details"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>Get ready for a busy mid-week with five Initial Public Offerings (<a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a>) hitting the markets on June 19th! This wave of offerings caters to various investor interests, with two mainboard IPOs and three SME (Small and Medium Enterprise) IPOs vying for your attention. But before you dive in, let&#8217;s break down the details of each company to help you make informed decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Mainboard Players Take IPO Center Stage<\/strong> <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">DEE Piping Systems IPO<\/h3>\n\n\n\n<p>DEE Development Engineers Limited boasts a track record in providing process piping solutions across various industries. Established in 1988, it manufactures pressure vessels, industrial stacks, modular skids, and tailored components like boiler superheater coils and de-superheaters. <\/p>\n\n\n\n<p>Their <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"283\">IPO<\/a> aims to raise \u20b9418.01 crores through fresh issues and offers for sale. The offering comprises a fresh issue of 1.6 crore shares totaling \u20b9325 crores and an offer for sale of 0.46 crore shares amounting to \u20b993.01 crores. The price band is set between \u20b9193 and \u20b9203 per share.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Objectives:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Funding working capital requirements.<\/li>\n\n\n\n<li>Prepayment or repayment of outstanding borrowings.<\/li>\n\n\n\n<li>General corporate purposes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>DEE Piping Systems IPO Details<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b9193 \u2013 \u20b9203 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>19 June 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>21 June 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>20,591,852<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b9418.01 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"284\">IPO<\/a><\/td><\/tr><tr><td>Lot Size<\/td><td>73 Shares<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.bseindia.com\/corporates\/download\/310450\/Draft%20Red%20Herring%20Prospectus%20of%20DEE%20Development%20Engineers%20Limited_20230929151117.pdf\" data-type=\"link\" data-id=\"https:\/\/www.bseindia.com\/corporates\/download\/310450\/Draft%20Red%20Herring%20Prospectus%20of%20DEE%20Development%20Engineers%20Limited_20230929151117.pdf\" target=\"_blank\" rel=\"noopener\">BSE India<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Akme Fintrade India (Aasaan Loans IPO)<\/strong><\/h3>\n\n\n\n<p>A household name in rural and semi-urban India, Aasaan Loans offers credit solutions tailored to these growing markets. Founded in 1996, its portfolio includes vehicle financing and business financing products for small entrepreneurs. <\/p>\n\n\n\n<p>The company has a long history of serving rural and semi-urban markets through consistently high customer acquisition and retention <a href=\"https:\/\/www.equentis.com\/blog\/old-tax-regime-slabs\/\">rates<\/a> and cost-effective expansion into underserved areas. Their <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"381\">IPO<\/a> is a book-built issue of \u20b9132 crores, consisting entirely of fresh shares. The price band is set between \u20b9114 and \u20b9120 per share.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Objectives:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Augment the capital base of the company.<\/li>\n\n\n\n<li>Meet issue expenses.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Aasaan Loans IPO Details<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b9149 \u2013 \u20b9120 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>19 June 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>21 June 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>11,000,000<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b9132 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"644\">IPO<\/a><\/td><\/tr><tr><td>Lot Size<\/td><td>125 Shares<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jun-2024\/akme-fintrade-india-limited-rhp_84159.html\" data-type=\"link\" data-id=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/jun-2024\/akme-fintrade-india-limited-rhp_84159.html\" target=\"_blank\" rel=\"noopener\">SEBI<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SMEs Seeking Growth Capital<\/strong> with IPOs <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>GEM Enviro IPO<\/strong><\/h3>\n\n\n\n<p>GEM Enviro, which focuses on recycling plastic waste, plays on the growing importance of environmental sustainability. Incorporated in 2013, it specializes in waste management, primarily focusing on recycling all packaging waste, including plastic waste. <\/p>\n\n\n\n<p>Its sub-verticals include EPR consultancy and fulfillment for plastic waste, collection and recycling of industrial plastic waste, marketing of recycled products, and focused consultancy and value-added advisory services in ESG consulting and BRSR (Business Responsibility and Sustainability Reporting). <\/p>\n\n\n\n<p>Their <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/ipos\" title=\"IPO\" link=\"linked\" id=\"883\">IPO<\/a> aims to raise \u20b944.93 crores through a combination of fresh issue and offer for sale. The price band is set at \u20b971 to \u20b975 per share.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Objectives:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Funding working capital requirements.<\/li>\n\n\n\n<li>General corporate purposes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>GEM Enviro IPO Details<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b971 \u2013 \u20b975 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b95 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>19 June 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>21 June 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>5,990,400&nbsp;<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b944.93 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/researchandranking\/ipos\" title=\"IPO\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"1015\">IPO<\/a><\/td><\/tr><tr><td>Lot Size<\/td><td>1600 Shares<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.bseindia.com\/corporates\/download\/307671\/DRHP_GEM-13.02.2024_20240214150612.pdf\" data-type=\"link\" data-id=\"https:\/\/www.bseindia.com\/corporates\/download\/307671\/DRHP_GEM-13.02.2024_20240214150612.pdf\" target=\"_blank\" rel=\"noopener\">BSE India<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Falcon Technoprojects India IPO<\/strong><\/h3>\n\n\n\n<p>Offering mechanical, electrical, and plumbing (MEP) services across diverse sectors, Falcon Technoprojects is a well-established player in the construction domain. Established in 2014, Falcon Technoprojects India Limited provides mechanical, electrical, and plumbing services to its clients across India. <\/p>\n\n\n\n<p>It operates in various sectors, such as petroleum refineries, housing estates, nuclear power, construction, etc. The company offers mechanical, electrical, and plumbing (MEP) services. Their fixed-price IPO of \u20b913.69 crores consists entirely of fresh shares priced at \u20b992 per share.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Objectives:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Working capital requirements.<\/li>\n\n\n\n<li>General corporate purposes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Falcon Technoprojects India IPO Details<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b992 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>19 June 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>21 June 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>1,488,000<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b913.69 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Fixed Price Issue IPO<\/td><\/tr><tr><td>Lot Size<\/td><td>1200 Shares<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/FalconTechnoprojectsIndia_PROSP.pdf\" data-type=\"link\" data-id=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/FalconTechnoprojectsIndia_PROSP.pdf\" target=\"_blank\" rel=\"noopener\">NSE<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Durlax Top Surface IPO<\/strong><\/h3>\n\n\n\n<p>Durlax Top Surface Ltd. (DTSL) manufactures solid surface materials, which are sold across India through an extensive distribution network of distributors and direct customers and exported to various countries, such as Dubai, Bahrain, Greece, and Nepal. <\/p>\n\n\n\n<p>It operates through two brands, LUXOR\u00ae and ASPIRON\u00ae, which provide a wide range of solid surfaces. This manufacturer of solid surface materials caters to both domestic and international markets. Their book-built issue of \u20b940.80 crores comprises fresh issue and offer for sale, with a price band of \u20b965 to \u20b968 per share.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Objectives:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Working capital requirements.<\/li>\n\n\n\n<li>General corporate purposes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Durlax Top Surface IPO Details<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Offer Price<\/td><td>\u20b965 \u2013 \u20b968 per share<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Opening Date<\/td><td>19 June 2024<\/td><\/tr><tr><td>Closing Date<\/td><td>21 June 2024<\/td><\/tr><tr><td>Total Issue Size (in Shares)<\/td><td>6,000,000&nbsp;<\/td><\/tr><tr><td>Total Issue Size (in \u20b9)<\/td><td>\u20b940.80 Cr<\/td><\/tr><tr><td>Issue Type&nbsp;<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Lot Size<\/td><td>2000 Shares<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/DurlaxTopSurface_RHP.pdf\" data-type=\"link\" data-id=\"https:\/\/nsearchives.nseindia.com\/emerge\/corporates\/content\/DurlaxTopSurface_RHP.pdf\" target=\"_blank\" rel=\"noopener\">NSE<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p>This is just a snapshot of the five <a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">upcoming IPOs<\/a>. Before making any investment decisions, conducting thorough research on each company&#8217;s financials, business model, prospects, and overall market conditions is crucial. Remember, past performance is not necessarily indicative of future results. By carefully evaluating these factors, you&#8217;ll be better equipped to decide which, if any, of these IPOs align with your investment goals.<\/p>\n\n\n\n<p class=\"has-ast-global-color-0-color has-secondary-background-color has-text-color has-background has-link-color wp-elements-4dda291f61ac4403c89e96bc74c99ebb\"><strong>Know more about:<br><a href=\"https:\/\/www.equentis.com\/ipos\">IPOs<\/a>&nbsp;|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Current IPOs<\/a><a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/upcoming-ipos\">Upcoming IPOs <\/a>|&nbsp;<a href=\"https:\/\/www.equentis.com\/ipos\/listed-ipos\">Listed IPO<\/a>s | <a href=\"https:\/\/www.equentis.com\/ipos\/current-new-ipos\">Closed IPOs<\/a> | <a data-wpil=\"url\" href=\"https:\/\/www.equentis.com\/ipos\/ipo-performers\">IPO Performers<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-white-color has-accent-background-color has-text-color has-background has-link-color wp-elements-9d43d62937a08505366c88e7c9775665\">*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by&nbsp;Research &amp; Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by <a href=\"https:\/\/www.equentis.com\/blog\/sebi-registered-investment-advisor-meaning-eligibility\/\">SEBI<\/a>, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get ready for a busy mid-week with five Initial Public Offerings (IPOs) hitting the markets on June 19th! This wave [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":38578,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948],"tags":[],"class_list":["post-38577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/38577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=38577"}],"version-history":[{"count":14,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/38577\/revisions"}],"predecessor-version":[{"id":63183,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/38577\/revisions\/63183"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/38578"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=38577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=38577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=38577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}