{"id":39152,"date":"2024-06-24T14:51:47","date_gmt":"2024-06-24T09:21:47","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=39152"},"modified":"2025-11-10T13:33:54","modified_gmt":"2025-11-10T08:03:54","slug":"ipo-rush-week-%e2%82%b91991-cr-ipos-anticipated-this-week-while-11-companies-gear-up-for-listing","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/ipo-rush-week-%e2%82%b91991-cr-ipos-anticipated-this-week-while-11-companies-gear-up-for-listing\/","title":{"rendered":"IPO Rush Week: \u20b91,991 Cr IPOs Anticipated This Week while 11 Companies Gear Up for Listing"},"content":{"rendered":"
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Get ready for a busy week in the primary market! Buckle up as the IPO rush continues with a whopping \u20b91,991 crore worth of public issues hitting the street starting today, June 24. That’s not all – 11 companies are also prepping up for their listings on the stock exchanges. Let’s dive deeper and see what this week has in store. <\/p>\n\n\n\n

IPO Rush: 10 Upcoming This Week<\/h2>\n\n\n\n
Company Name<\/strong><\/td>Offer Price<\/strong><\/td>Opening Date<\/strong><\/td>Closing Date<\/strong><\/td>Issue Size<\/strong><\/td><\/tr>
Allied Blenders and Distillers Ltd<\/strong><\/td>\u20b9267 \u2013 \u20b9281<\/td>25-06-24<\/td>27-06-24<\/td>\u20b91500 Cr<\/td><\/tr>
Vraj Iron and Steel Ltd<\/strong><\/td>\u20b9195 – \u20b9207<\/td>26-06-24<\/td>28-06-24<\/td>\u20b9171 Cr<\/td><\/tr>
Shivalic Power Control Ltd<\/strong><\/td>\u20b995 \u2013 \u20b9100<\/td>24-06-24<\/td>26-06-24<\/td>\u20b964.32 Cr<\/td><\/tr>
Sylvan Plyboard India <\/strong><\/td>\u20b955<\/td>24-06-24<\/td>26-06-24<\/td>\u20b928.05 Cr<\/td><\/tr>
Mason Infratech<\/strong><\/td>\u20b962 to \u20b964<\/td>24-06-24<\/td>26-06-24<\/td>\u20b930.46 Cr<\/td><\/tr>
Visaman Global<\/a> Sales<\/strong><\/td>\u20b943<\/td>24-06-24<\/td>26-06-24<\/td>\u20b916.05 Cr<\/td><\/tr>
Akiko Global Services<\/strong><\/td>\u20b973 to \u20b977<\/td>25-06-24<\/td>27-06-24<\/td>\u20b923.11 Cr<\/td><\/tr>
Divine Power Energy<\/strong><\/td>\u20b936 to \u20b940<\/td>25-06-24<\/td>27-06-24<\/td>\u20b922.76 Cr<\/td><\/tr>
Petro Carbon and Chemicals<\/strong><\/td>\u20b9162 to \u20b9171<\/td>25-06-24<\/td>27-06-24<\/td>\u20b9113.16 Cr<\/td><\/tr>
Diensten Tech<\/strong><\/td>\u20b995 \u2013 \u20b9100<\/td>26-06-24<\/td>28-06-24<\/td>\u20b922.08 Cr<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Mainboard IPOs: A Closer Look at the Big Players<\/strong><\/h2>\n\n\n\n

This week’s action features two mainboard IPOs, each aiming to grab a significant chunk of the \u20b91,991 crore pie. Here’s a breakdown of the key details:<\/p>\n\n\n\n

Allied Blenders and Distillers Ltd<\/strong> Details<\/strong><\/h2>\n\n\n\n
Offer Price<\/td>\u20b9267 \u2013 \u20b9281 per share<\/td><\/tr>
Face Value<\/td>\u20b92 per share<\/td><\/tr>
Opening Date<\/td>25 June 2024<\/td><\/tr>
Closing Date<\/td>27 June 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/td>53,380,783<\/td><\/tr>
Total Issue Size (in \u20b9)<\/td>\u20b91500 Cr<\/td><\/tr>
Issue Type <\/td>Book Built Issue IPO<\/a><\/td><\/tr>
Lot Size<\/td>53 Shares<\/td><\/tr><\/tbody><\/table>
Source: NSE<\/a><\/figcaption><\/figure>\n\n\n\n

One of the mainboard IPOs to launch is Allied Blenders and Distillers, the popular Officer’s Choice whisky maker. Their \u20b91,500 crore public offering will open for subscription on June 25th with a price band of \u20b9267-\u20b9281 per share. The issue closes on June 27th.<\/p>\n\n\n\n

Founded in 2008, Allied Blenders and Distillers is an Indian-made foreign liquor (IMFL) company that offers whisky, brandy, rum, and vodka. It also sells packaged drinking water under various brands. Officer’s Choice Whisky is a major player, one of the world’s best-selling brands (2016-2019) in annual sales volume.

In terms of financial performance,\u00a0 Allied Blenders and Distillers’ revenue decreased by -1.27% in the financial year ending March 31, 2023, compared to the previous year. However, their profit after tax<\/a> (PAT) did see an increase of 8.47%.<\/p>\n\n\n\n

IPO<\/a> Objectives<\/strong>:<\/p>\n\n\n\n