Three IPOs Open This Week as Markets Rebound, With Zepto and SBI Mutual Fund Eyeing Blockbuster Listings

With geopolitical tensions easing in West Asia following the US-Iran agreement, Indian equity markets are recovering and three companies, Waterways Leisure Tourism, Advit Jewels, and CSM Technologies, are set to launch their IPOs this week. Quick commerce giant Zepto and SBI Mutual Fund are also preparing for major public issues in the near future.

Investor Confidence Rebounds as Three IPOs Prepare to Open
The easing of geopolitical tensions in West Asia following the US-Iran agreement has helped revive investor appetite in Indian equity markets. Three companies are capitalising on this improved sentiment to tap the primary market this week: cruise services provider Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions company CSM Technologies. Several other firms are also readying their own public issues for the weeks ahead.

Waterways Leisure Tourism Targets Rs 585 Crore
Waterways Leisure Tourism is set to raise Rs 585 crore through its IPO, which opens for subscription on June 23 and closes on June 25. The company has fixed a price band of Rs 769 to Rs 808 per share.

Advit Jewels: Rs 165.16 Crore Issue from Jaipur
Jaipur jewellery maker Advit Jewels is also entering the market with a Rs 165.16 crore IPO, open from June 23 to June 25. The price range is set at Rs 130 to Rs 138 per share, with 1.20 crore new equity shares being offered under this issue.

CSM Technologies Opens June 24, Closes June 27
IT solutions provider CSM Technologies has set a price band of Rs 107 to Rs 113 per share for its Rs 146 crore IPO, which opens on June 24 and closes on June 27.

Naac Packaging Expected to Announce Price Band Next Week
Packaging solutions company Naac Packaging is likely to declare its IPO price band in the coming week. The proposed issue includes fresh shares worth Rs 475 crore alongside an offer for sale of 70 lakh equity shares from promoters and existing shareholders. Approximately Rs 435 crore raised from the fresh issue will go toward building a new manufacturing plant in Borisana, Mehsana district, Gujarat.

Zepto and SBI Mutual Fund: Large-Scale Listings in the Pipeline
Even bigger names are lining up for the primary market. According to market sources, quick commerce major Zepto is preparing an IPO worth more than Rs 10,000 crore. Separately, SBI Mutual Fund, the largest mutual fund company in the country, is reportedly planning to float an approximately Rs 13,000 crore IPO next month.

June Has Already Been Active for IPOs
The primary market has seen considerable activity throughout June. CMR Green Technologies and Hexagon Nutrition have already launched their IPOs this month. Digital insurance company Turtlemint Fintech Solutions also opened its IPO on June 19, with the subscription window closing on June 23.

What this means for you
• For retail investors: Three IPOs across tourism, jewellery, and IT open this week, giving everyday investors a chance to enter diverse sectors at the ground floor.
• Looking ahead: Upcoming large-scale IPOs from Zepto and SBI Mutual Fund are expected to draw significant investor interest and add liquidity to India's primary market in the coming months.

Questions & Answers

1. Which companies are launching IPOs this week?
Waterways Leisure Tourism, Advit Jewels, and CSM Technologies are opening their IPOs this week.

2. What is the price band and size of the Waterways Leisure Tourism IPO?
Waterways Leisure Tourism has set a price band of Rs 769 to Rs 808 per share for its Rs 585 crore IPO.

3. When does the Advit Jewels IPO open and close?
The Advit Jewels IPO opens on June 23 and closes on June 25.

4. What is the closing date for the CSM Technologies IPO?
CSM Technologies' Rs 146 crore IPO opens on June 24 and closes on June 27.

5. What will Naac Packaging use the IPO proceeds for?
Naac Packaging plans to use roughly Rs 435 crore from the fresh issue proceeds to set up a new manufacturing plant in Borisana, Mehsana district, Gujarat.

6. How large is the expected Zepto IPO?
Market sources suggest Zepto may launch an IPO worth more than Rs 10,000 crore.

7. When is the SBI Mutual Fund IPO expected and how large will it be?
SBI Mutual Fund is expected to launch an approximately Rs 13,000 crore IPO next month.

8. When does the Turtlemint Fintech Solutions IPO close?
The Turtlemint Fintech Solutions IPO opened on June 19 and closes on June 23.

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