The primary market witnessed significant developments this week with two major IPO filings that have put speculation to rest. NSE filed its draft red herring prospectus (DRHP) with SEBI for a solely offer-for-sale (OFS) of 14.89 crore shares, with corporate selling shareholders including State Bank of India, MS Strategic (Mauritius) Limited, Canada Pension Plan Investment Board, and other major financial institutions. Meanwhile, Reliance Industries Chairman Mukesh Ambani announced key updates on the much-awaited Jio Platforms IPO during the company's 49th annual general meeting, confirming that Isha, Akash, and Anant Ambani are leading the Jio IPO process. The proposed Jio Platforms IPO will comprise a fresh issue of up to 27 crore equity shares with a face value of ₹10 each, with funds raised for prepayment of outstanding borrowings by material subsidiary RJIL and general corporate purposes. As per CNBC TV18, these filings represent what could be India's largest IPO in history, with both NSE and Jio Platforms potentially setting new records for Indian public offerings.
According to a report released by Equirus Capital on Tuesday, 23 companies have successfully tapped the Initial Public Offering route to mobilise over ₹27,000 crore in 2026 so far. This follows a strong performance in 2025, when 103 maiden public issues were launched, collectively raising ₹1.76 trillion. The current fundraising figure significantly exceeds the ₹1.6 trillion raised by 90 firms in 2024 and the ₹49,436 crore garnered by 57 companies in 2023. However, as per The Economic Times, the IPO activity is showing signs of a major pickup as geopolitical tension eased, with several companies set to launch public issues this month. As per CNBC TV18, the week ended with gains for the markets, with bulls making clear they do not want the Nifty to slide below the 24,000 mark at least for now.
Primary market investors will have four public issues to track this week, with Waterways Leisure Tourism Ltd. and Advit Jewels Ltd. opening their mainboard initial public offerings, while SME offerings from Riyaasat Lifestyle Ltd. and Anubhav Plast Ltd. remain open for subscription. Waterways Leisure Tourism Ltd. will open its initial public offering for subscription on Tuesday, June 23, and close on Thursday, June 25. The company has fixed a price band of ₹769-808 per share to raise ₹585 crore for lease payments and corporate purposes, with listing expected on July 1. Advit Jewels Ltd. will also launch its IPO on Tuesday, June 23, with the issue closing on Thursday, June 25. The Jaipur-based jewellery manufacturer has set a price band of ₹130-138 per share, raising ₹165.16 crore through fresh issuance of 1.20 crore shares, with listing on July 1. As per CNBC TV18, the activity indicates a steady flow of listings across the mainboard and SME segments from June 22 to June 26, giving investors a mix of larger and smaller offerings to consider.
While the spotlight often remains on larger issues, activity in the SME segment continues to remain strong. Riyaasat Lifestyle Ltd.'s SME initial public offering opened for subscription on Thursday, June 18, and is scheduled to close on Monday, June 22. The issue is priced in the range of ₹102-108 per share and carries a face value of ₹10 each, with the company's shares proposed to be listed on the BSE SME platform. Anubhav Plast Ltd. opened its SME IPO on Friday, June 19, and the issue will close on Tuesday, June 23. The company has fixed a price band of ₹77-80 per share with a face value of ₹10 each and is slated to be listed on the BSE SME platform. Apart from fresh launches, several IPOs that opened this week will continue receiving bids, including Turtlemint Fintech Solutions IPO which is looking to raise nearly ₹883 crore through a combination of fresh issue and Offer for Sale, which opened on June 19 and will close on June 23.
The primary market buzz continues with eight new initial public offerings scheduled to open for subscription next week, comprising three mainboard and five SME issues. Among the mainboard offerings, CSM Technologies IPO will open on June 24, 2026, and close on June 29, 2026, aggregating ₹145.78 crore through fresh issuance of 1.29 crore equity shares. In the SME segment, Jivial Industries IPO will open on June 23, 2026, and close on June 25, 2026, priced at ₹31.99 crore with a fresh issue of 0.14 crore shares worth ₹26.65 crore and an offer-for-sale of 0.03 crore shares. Shreedhar Spinners IPO is also scheduled for the same period, aggregating ₹30.68 crore through fresh issuance of 0.58 crore equity shares. Sri Priyanka Geo Commex IPO will open from June 24 to June 29, 2026, raising ₹94.51 crore through fresh issuance of 0.45 crore equity shares. Dhanwel Hybrid Seeds IPO has fixed a price band of ₹95-₹99 per share, aggregating ₹26.73 crore through fresh issuance of 0.27 crore equity shares. IC Electricals IPO will open on June 25, 2026, and close on June 30, 2026, comprising 0.48 crore shares with no offer-for-sale component. New listings include Clay Craft India, Diksha Polymers, Liotech Industries, and Leapfrog Engineering Services on June 24, and Avience Biomedicals and Riyaasat Lifestyle on June 25.
