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Dalal Street Set for 19 Listings and Seven IPO Subscriptions Next Week

Regulatory mandates for NBFC listings have coincided with strong grey market gains, producing an unprecedented surge of mainboard IPOs followed by SME issues.

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Overview

  • Six mainboard companies will debut from July 1 to July 3, starting with Kalpataru Projects International, Ellenbarrie Industrial Gases and Globe Civil Projects on July 1.
  • HDB Financial Services and Sambhv Steel Tubes are scheduled to list on July 2, with Indogulf Cropsciences due on July 3.
  • Crizac Limited’s Rs 860 crore offer for sale opens July 2 and closes July 4 for a likely July 9 listing under Equirus Capital and Anand Rathi Securities.
  • Travel Food Services will run a pure offer for sale from July 3 to July 7, led by Kotak Mahindra Capital, HSBC and ICICI Securities, targeting a July 10 listing.
  • Five SME IPOs—Vandan Foods, Marc Loire, Cedaar Textile, Pushpa Jewellers and Silky Overseas—open subscription June 30 to July 2 ahead of BSE SME and NSE SME listings on July 7.