Upcoming IPOs This Week: One Mainboard and 2 SME IPOs to Hit D-Street This Week

The Initial Public Offering (IPO) market remains abuzz with activity as companies tap into public markets to raise capital and fuel growth. IPOs, the first time a private company offers its shares to the public, are often seen as golden opportunities for investors to get in early on potentially high-growth firms. While one significant mainboard IPO grabs attention this week, the spotlight is now shifting toward the dynamic SME (Small and Medium Enterprises) segment, where several fresh listings are lined up.

Mainboard

Oswal Pumps IPO

Oswal Pumps Limited is all set to launch its IPO via the book-building route, with the issue comprising a fresh equity offer worth ₹890 crore and an Offer for Sale (OFS) of 0.81 crore shares. The IPO opens for subscription on June 13, 2025, and will close on June 17, 2025. Investors can expect allotment finalisation by June 18, with a tentative listing date on June 20, 2025, across both BSE and NSE.

A consortium of top-tier lead managers—IIFL Capital Services, Axis Capital, CLSA India, JM Financial, and Nuvama Wealth Management—are managing the issue, while MUFG Intime India Pvt. Ltd. (Link Intime) is the registrar.

Use of IPO Proceeds

Oswal intends to channel the net proceeds into:

1. Capital expenditure: ₹89.86 crore
2. Investment in subsidiary Oswal Solar for a new plant: ₹272.76 crore
3. Repayment of borrowings: ₹280.00 crore
4. Debt refinancing for Oswal Solar: ₹31.00 crore
5. General corporate purposes

Founded in 2003, Oswal Pumps Limited is a diversified manufacturer and supplier of pumps and electric products. Its product portfolio includes solar pumps, submersible and monoblock pumps, pressure pumps, electric motors, and more. Notably, it has executed over 26,270 solar pumping systems under the PM-KUSUM Scheme in states such as Haryana, Rajasthan, Uttar Pradesh, and Maharashtra.

SME

Jainik Power and Cables IPO

Jainik Power and Cables Limited is entering the capital markets with a ₹51.30 crore book-built IPO, consisting entirely of a fresh issue of 46.63 lakh shares. The IPO opens on June 10, 2025, and closes on June 12, 2025. Allotment is expected by June 13, and the shares will debut on the NSE SME platform on June 17, 2025.

The price band is set at ₹100–₹110 per share, with a minimum application lot size of 1,200 shares, requiring a retail investment of at least ₹1,20,000. Fast Track Finsec Pvt. Ltd. is the book-running lead manager, while Skyline Financial Services Pvt. Ltd. is the registrar. Rikhav Securities Ltd. is acting as the market maker.

Use of IPO Proceeds

Funds raised will go toward:

1. Working capital: ₹23.50 crore
2. New plant setup: ₹10.99 crore
3. Loan repayment: ₹5.00 crore
4. General corporate purposes and issue expenses

Incorporated in 2011, Jainik Power and Cables started manufacturing aluminum wire rods in 2023. Previously, the company was engaged in trading aluminum products and has over a decade of experience in the metal sector. It prides itself on ISO-certified processes and a strong quality assurance framework, including spectrometer-based impurity detection.

Monolithisch India IPO

The Monolithisch India IPO, another SME book-building issue, aims to raise ₹82.02 crore through a fresh issue of 57.36 lakh shares. Subscription opens on June 12, 2025, and closes on June 16, 2025. Allotment is scheduled for June 17, with a listing on the NSE SME platform set for June 19, 2025.

Priced between ₹135–₹143 per share, investors can apply in minimum lots of 1,000 shares. Hem Securities Limited is the lead manager, while Kfin Technologies Ltd. is the registrar. Hem Finlease Pvt. Ltd. acts as the market maker.

Use of IPO Proceeds

The funds will be allocated to:

1. New manufacturing facility setup: ₹16.58 crore
2. Investment in subsidiary Metalurgica India for similar expansion: ₹27.90 crore
3. Working capital needs: ₹20.00 crore
4. General corporate purposes

Founded in 2018, Monolithisch India Limited specialises in manufacturing ramming mass, a critical heat-resistant material used in induction furnaces within the iron and steel industry. Their product line includes formulations such as SGB-777, SLM-999, and Quartzite Grain SLM-980, all manufactured under ISO-certified conditions.

Also Read: Why Is the NSE IPO on Hold? Key Hurdles Behind the Delay

Conclusion

As IPO activity surges in both mainboard and SME segments, investor enthusiasm remains high. With diverse businesses—from industrial manufacturers to green energy innovators—entering the market, the coming weeks promise ample opportunities for retail and institutional participants alike.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.