Six IPOs Opening Next Week: Advit Jewels, Waterways Leisure Tourism, CSM Technologies Among Issues

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Six IPOs will open for subscription next week across the mainboard and SME segments. Waterways Leisure Tourism (₹585 crore), Advit Jewels (₹165 crore) and CSM Technologies (₹146 crore) lead the mainboard offerings, while three SME issues will also hit the market.

Six IPOs across jewellery, cruise tourism, diagnostics and SME sectors will open for subscription starting Monday, offering investors a range of investment options across different market segments.

The largest offering comes from Waterways Leisure Tourism, followed by Advit Jewels and CSM Technologies on the mainboard segment. Three SME offerings will also open during the week. The cluster will also keep the listing pipeline active, with six companies scheduled to debut on the exchanges between June 29 and July 2.

Jaipur-based jewellery manufacturer Advit Jewels is raising ₹165.16 crore through a fresh issue of 1.20 crore equity shares at ₹130-138 per share. The company manufactures jewellery under the brand "Rambhajo," specialising in Polki and Kundan creations.

For FY2025, the company reported revenue of ₹124.94 crore with net profit of ₹25.37 crore. Of the IPO proceeds, ₹65 crore will be used for repayment of borrowings and ₹65 crore for working capital requirements, with the remainder for general corporate purposes. Lot size: 100 shares.

Subscription: June 23-25 | Allotment: June 29 | Listing: July 1 (NSE and BSE)

Waterways Leisure Tourism, operator of Cordelia Cruises, is raising ₹585 crore through a fresh issue at ₹769-808 per share. The cruise vessel MV Empress sails to domestic locations including Mumbai, Kochi, Chennai, Goa, Lakshadweep, Visakhapatnam and Puducherry, along with international itineraries.

Proceeds totalling ₹480 crore will be used for lease payments of subsidiary Baycruise Shipping and Leasing (IFSC) Pvt Ltd, with remaining funds for general corporate purposes

Subscription: June 23-25 | Allotment: June 29 | Listing: July 1 (NSE and BSE)

IT solutions provider CSM Technologies is raising ₹145.78 crore through a fresh issue at ₹107-113 per share. The company specialises in digital transformation and IT consulting, delivering projects for both government and private sector clients globally. For FY2025, the company reported consolidated revenue of ₹1,992.4 crore with profit after tax of ₹130 crore.

Proceeds will be allocated as follows: ₹56 crore for working capital, ₹22.63 crore for debt repayment, and the remainder for inorganic growth and general corporate purposes. Lot size: 132 shares.

Subscription: June 24-29 | Allotment: June 30 | Listing: July 2 (NSE and BSE)

Shreedhar Spinners is raising ₹30.68 crore in the SME segment, while Jivial Industries will also open its public issue during the week. Both offerings will open for subscription on June 23 and close on June 25, with allotment scheduled for June 29 and listing expected on July 1.

Dhanwel Hybrid Seeds is raising ₹26.73 crore through a fresh issue at a price band of ₹95-99 per share. The IPO will open on June 24 and close on June 29. Allotment is expected on July 1, while listing is scheduled for July 2. The minimum application size is 2,400 shares.

This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit https://www.kotakneo.com/disclaimer/

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