IPO Next Week: After nearly half a year of drought, the primary market is finally showing signs of life. A total of 15 new initial public offering (IPOs) and eight IPO listings are set for the coming week, from June 23-27, 2025. Five of the new listings are from mainboard, including the much-talked about HDFC Bank’s subsidiary, HDB Financial Services IPO. The other 10 IPOs are from the SME segment.
Arisinfra Solutions IPO from the mainboard is set to debut on the exchanges on June 25. From the SME segment, Aakaar Medical Technologies IPO, Safe Enterprises Retail Fixtures IPO, and Mayasheel Ventures IPO will see their listing in the week ahead.
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Upcoming Mainboard IPOs Next Week
Here’s a quick look at the mainboard IPOs ahead this week.
HDB Financial Services IPO Opens June 25
HDB Financial Services’ Rs 12,500 crore IPO will open on June 25 and close on June 27, 2025. The issue includes a fresh issue of Rs 2,500 crore and an offer for sale worth Rs 10,000 crore. The price band is set at Rs 700 to Rs 740 per share. Allotment is expected on June 30, and listing is likely on July 2 on BSE and NSE.
Founded in 2007, the company is a retail-focused non-banking finance company (NBFC) offering loans, asset finance, BPO services, and insurance distribution through a mix of branches and digital channels.
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IPO proceeds will be used to strengthen Tier-I capital and support future lending needs.
Globe Civil Projects IPO (Mainboard)
The Globe Civil Projects IPO is set to open for public subscription on June 24 and will close on June 26. The Rs 119 crore issue, entirely a fresh offering of 16.80 million shares, is priced between Rs 67 and Rs 71 per share. Allotment is likely on June 27, and listing is expected on July 1 on the BSE and NSE.
Founded in 2002 and based in New Delhi, the EPC company has completed 37 projects across 11 states and is currently handling 12 more. As of August 2024, its order book stands at Rs 892.95 crore.
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According to the IPO’s red herring prospectus (RHP), the net proceeds will go towards working capital requirements (Rs 75 crore), equipment purchase (Rs 14.26 crore), and general corporate purposes.
Ellenbarrie Industrial Gases IPO (Mainboard)
Ellenbarrie Industrial Gases will launch its Rs 852.53 crore IPO on June 24, and its subscription window will close on June 26. The IPO includes a fresh issue of Rs 400 crore and an offer for sale (OFS) worth Rs 452.53 crore. The price band is set at Rs 380 to Rs 400 per share. Allotment is expected on June 27, and listing is likely on July 1 on BSE and NSE.
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Founded in 1973, the company manufactures and supplies industrial, medical, and specialty gases. It also offers turnkey air separation units, medical gas pipelines, and equipment for healthcare facilities.
The IPO proceeds, according to the RHP, will be used for debt repayment (Rs 210 crore), setting up a 220 TPD air separation unit at Uluberia-II (Rs 104.5 crore), and general corporate purposes.
Kalpataru IPO (Mainboard)
Kalpataru’s Rs 1,590 crore IPO will open on June 24 and close on June 26. The entirely fresh issue of 38.40 million shares is priced between Rs 387 and Rs 414 per share. Allotment is expected on June 27, and listing is likely on July 1 on BSE and NSE.
Founded in 1988, the Mumbai-based real estate developer has completed 70 projects and is currently executing 40 across cities like Mumbai, Pune, Hyderabad, and Bengaluru.
IPO proceeds will be used to repay or prepay borrowings (Rs 1,192.5 crore) and for general corporate purposes, its RHP said.
Sambhv Steel Tubes IPO (Mainboard)
Sambhv Steel Tubes’ Rs 540 crore IPO will open on June 25 and close on June 27, 2025. The issue includes a fresh issue of Rs 440 crore and an OFS worth Rs 100 crore. The price band is set at Rs 77-82 per share. Allotment is expected on June 30, and listing is expected on July 2 on BSE and NSE.
Founded in 2017, the company manufactures ERW steel pipes and structural tubes at its Raipur facility in Chhattisgarh. It has a distribution network across 15 states and one Union Territory.
Its RHP says the IPO proceeds will be used for debt repayment (Rs 390 crore) and general corporate purposes.
Arisinfra Solutions IPO (Mainboard)
Arisinfra Solutions’ Rs 499.60 crore IPO, an entirely fresh issue of 22.50 million shares at Rs 222 each, was open from June 18 to June 20, 2025. Allotment is expected on June 23, and listing is likely on BSE and NSE on June 25.
Founded in 2021, the company operates a B2B tech platform for construction material procurement and finance management.
IPO proceeds will go towards loan repayment (Rs 204.6 crore), working capital (Rs 177 crore), investment in subsidiary Buildmex-Infra (Rs 48 crore), and general corporate purposes.
SME IPOs Opening Next Week
Several SME IPOs are set to open for subscription next week, including AJC Jewel Manufacturers, Shri Hare-Krishna Sponge Iron, Abram Food, Icon Facilitators, Suntech Infra Solutions, Supertech EV, Valencia India, PRO FX Tech, Ace Alpha Tech, and Neetu Yoshi.
Meanwhile, three SME IPOs that opened last week—Aakaar Medical Technologies, Safe Enterprises Retail Fixtures, and Mayasheel Ventures—will close for subscription on June 24. All three are scheduled to debut on the stock exchanges on June 27.
