This week will be a good opportunity for investors waiting for IPOs. IPOs of three companies in the market – DEE Development Engineers IPO, Stanley Lifestyle IPO and Acme Fintrade India IPO will hit the primary market. DEE Development Engineers IPO will be the first IPO of this week. DEE Development Engineers IPO will open on June 19, 2024, subscription of Stanley Lifestyle IPO will open on June 21, 2024 and bidding for Acme Fintrade India IPO will start on June 19, 2024.
Which company has what target
According to the news, the target of DEE Development Engineers IPO is to raise ₹418.01 crore, the IPO size of Acme Fintrade India is ₹132 crore, while the IPO of Stanley Lifestyle aims to raise ₹537.02 crore. That is, about ₹1087 crore will be at stake in the market this week.
DEE Development Engineers IPO
DEE Development Engineers IPO will open on June 19, 2024 and close on June 21, 2024. The engineering company has fixed the price band of DEE Development Engineers IPO at ₹193 to ₹203 per equity share. The book build issue is a mix of fresh issues and offer for sale (OFS). The engineering company aims to raise capital through fresh issues. According to a Livemint report, DEE Development Engineers IPO GMP (grey market premium) is ₹49.
Acme Fintrade India IPO
Acme Fintrade India is a non-banking financial company (NBFC) that provides special financial services. The company’s IPO will be open from June 19 to June 21, 2024. The company has fixed the price band of Acme Fintrade India IPO at ₹114 to ₹120 per equity share. This is a fresh issue, in which the company aims to raise ₹132 crore by issuing fresh issues. According to market observers, shares of Acme Fintrade India Limited are available at a premium of ₹34 in the grey market on Monday.
Stanley Lifestyle IPO Details
Stanley Lifestyle IPO will be open for bidding from June 21, 2024 to June 25, 2024. The luxury furniture designer company has fixed the Stanley Lifestyle IPO price band at ₹351 to ₹369 per equity share. The company aims to raise ₹200 crore by issuing fresh shares, while ₹337.02 crore is reserved for the OFS route. According to market observers, the shares of the furniture designer company are trading at ₹111 in the grey market today.
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