IPOs this week – Allied Blenders and Vraj Iron and Steel look to raise ₹1,671 crore

• Two mainboard IPOs are scheduled in the last week of June 2024.
• Two companies are looking to raise ₹1,671 crore from the primary market.
• Here’s everything you need to know about the upcoming IPOs this week.

Two new companies are set to enter the primary market with their initial public offering (IPO) scheduled this week. Apart from the two mainboard IPOs, eight small and medium enterprises (SME) are also looking to raise funds.

IPOs this week

Allied Blenders look to raise ₹1,500 crore

Out of the two IPOs, Allied Blender is the major IPO. The Mumbai-based Indian-made foreign liquor (IMFL) company is in the market to raise ₹1,500 crore. Out of this, ₹1,000 crore is a fresh issue and ₹500 crore is an offer for sale (OFS) component.

The Allied Blenders IPO will open on June 25 and end on June 27. The company’s shares are expected to be listed on July 2.

Vraj Iron and Steel

Vraj Iron and Steel, a Raipur-based manufacturer of sponge iron, M.S. billets, and TMT bars is looking to raise ₹171 crore through its IPO. This is a completely fresh issue and there is no OFS component.

The Vraj Iron and Steel IPO will open on June 26 and end on June 28. The company’s shares are expected to be listed on July 3.

SME IPOs this week

Apart from the two mainboard IPOs, eight SMEs are also planning on raising funds this week.

The SMEs include Mason Infratech, Shivalic Power Control, Diensten Tech, Petro Carbon and Chemicals and more.

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