IPO Market Regains Momentum: Three Mainboard Issues Set to Open Next Week

After a brief slowdown caused by geopolitical tensions in West Asia, activity in India’s primary market is picking up once again. Three companies in the mainboard segment are set to launch their Initial Public Offerings (IPOs) next week. Waterways Leisure Tourism, the operator of Cordelia Cruises, Jaipur-based jewellery manufacturer Advait Jewels, and IT solutions provider CSM Technologies are preparing to raise funds through public issues.

Waterways Leisure Tourism plans to raise ₹585 crore through a completely fresh issue, with a price band of ₹769–₹808 per share. The IPO will be open for subscription from June 23 to June 25. Advait Jewels aims to raise ₹165.16 crore through the issuance of 1.20 crore fresh equity shares at a price band of ₹130–₹138. Meanwhile, CSM Technologies is looking to mobilize ₹146 crore through a fresh issue priced between ₹107 and ₹113 per share. Looking ahead, several mega IPOs are also in the pipeline, including Zepto’s proposed ₹10,000 crore issue and SBI Mutual Fund’s ₹13,000 crore public offering. Draft papers have also been filed by NSE and Reliance Jio, signaling a strong second half for the IPO market.