July starts with a series of listing sof new shares on the bourses. Shares of Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects and Raymond Realty will make market debut from Tuesday.
Last week saw three initial public offerings – Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects – closed on the main board with handsome subscription.
Kalpataru
Kalpataru, the largest issue among them worth ₹1,590 crore, has fixed the IPO price at ₹414. Its IPO was subscribed 2.26 times. The offer received bids for 5.15 crore shares compared to 2.28 crore shares on offer, according to stock exchange data. The company has fixed the IPO price at ₹414. The Kalpataru IPO is entirely a fresh issue.
Ellenbarrie
The ₹852.53-crore IPO of Ellenbarrie Industrial Gases was subscribed 22.19 times. Ellenbarrie Industrial Gases IPO comprised an offer for sale of ₹452 crore and a fresh issue ₹400 crore and the company fixed the IPO price at ₹400. The issue received bids of 33.53 crore shares against the offer of 1.51 crore equity shares. The IPO came out with a price band of ₹380-400. QIB portion was subscribed 64.23 times, while NIIs by 15.21 times and the retail portion by 2.14 times.
Globe Civil Projects
However, the focus largely will be on the listing of Globe Civil Projects, as it hogged the limelight by substring 86 times. The ₹119-crore IPO was aggressive bidding from all categories of investors.
The IPO of Globe Civil Projects received bids for 100.94 crore shares against 1.17 crore shares on offer. The IPO hit the market with a price band of ₹67-71 and the issue price has been fixed at ₹71. Among them, NII was the most aggressive category as their quota saw a subscription of 143.15 times, while the retail investors portion was subscribed 53.72 times and QIBs by 99.76 times.
Raymond Realty
Meanwhile, shares of Raymond Realty , demerged from Raymond, will also make a market debut on Tuesday. Raymond Realty got demerged from Raymond Limited on May 1, 2025, as demerger ratio is 1:1. According to estimates by SBI Securities, Raymond Realty shares listing price could be in the range of ₹897 to ₹1,430. Shri Hare-Krishna Sponge Iron Limited manufactures and sells Sponge Iron.
SME listings
Besides, four SME stocks including AJC Jewel Manufacturers Ltd (issue price ₹95) on BSE-SME platform and Shri Hare-Krishna Sponge Iron will make their debut on NSE-Emerge (issue price ₹59). AJC Jewel is engaged in the business of jewellery manufacturing specializing in crafting bracelets, bangles, rings, earrings, necklaces, and anklets for men, women, and children.
Icon Facilitators Limited will also make BSE-SME listing. The company, a facilities management company offering integrated technical services across India. has fixed IPO price at ₹91. Abram Food IPO price is ₹98 per share. is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi multi-grain atta, Maida, Sooji, Spices, Cattle Feed (khali), and edible oils..
Published on July 1, 2025