Upcoming IPOs- 1 Mainboard & 5 SME Issues to Watch

The Indian primary market is set for a bustling week beginning June 16, 2025, with six IPOs launching and five listings scheduled. Collectively, these issues aim to raise ₹713.7 crore, reflecting buoyant investor sentiment and a diversified opportunity landscape.

Of the total fundraising, mainboard IPOs account for ₹499.6 crore, led by ArisInfra Solutions, while SME IPOs contribute ₹214.1 crore, led by Patil Automation. Below is a detailed look at each IPO.

>> Mainboard IPO
1. ArisInfra Solutions Ltd (IPO: June 18–20 | Issue Size: ₹499.6 Cr | Price Band: ₹210–222)

About the Company:
Founded in 2021, ArisInfra Solutions is a tech-enabled B2B platform revolutionizing procurement in the construction industry. The company has fulfilled over 10.35 million MT of construction material orders for 2,100+ clients across 963 locations.

Key Investment Highlights:

Strong market presence and scale in the infra-tech procurement space.

Fully fresh issue—proceeds to be used for debt reduction, working capital, and investment in subsidiary Buildmex-Infra.

Lead Managers: JM Financial, IIFL Capital, Nuvama Wealth.

GMP (as on June 14): ₹34, suggesting healthy listing expectations.

Tentative Listing: June 25 on NSE & BSE.

>> SME IPOs on NSE Emerge

2. Patil Automation Ltd (IPO: June 16–18 | Issue Size: ₹69.61 Cr | Price Band: ₹114–120)

Sole Book Managing Lead Manager: Seren Capital Private Limited.
Market Maker: Mansi Share & Stock Broking.

About the Company:
Pune-based Patil Automation offers customized industrial automation solutions such as welding lines, material handling, and assembly setups, serving automotive OEMs and EV manufacturers.

Highlights:

FY25 revenue of ₹118.05 Cr with PAT of ₹11.70 Cr.

IPO proceeds to fund a new manufacturing facility and repay debt.

3. Samay Project Services Ltd (IPO: June 16–18 | Issue Size: ₹14.69 Cr | Price Band: ₹32–34)

Book-Running Lead Manager: Smart Horizon Capital Advisors Pvt. Ltd.

About the Company:
Founded in 2001, Samay Projects is an EPC player with expertise in Balance of Plant (BOP), fire safety, piping systems, and fabrication. It has operational presence across 12 Indian states and some international markets.

Highlights:

Over two decades of EPC industry experience.

Funds to be used for expansion and working capital.

Listing Date: June 23.

4. Eppeltone Engineers Ltd (IPO: June 17–19 | Issue Size: ₹43.96 Cr | Price Band: ₹125–128)
Book-Running Lead Manager: Smart Horizon Capital Advisors Pvt. Ltd.

About the Company:
Established in 1977, Eppeltone Engineers caters primarily to power distribution companies and government utilities, offering custom B2B electronics and infrastructure solutions.

Highlights:

FY25 PAT growth of 9.3x YoY.

Major focus on smart energy systems and utility-grade electronics.

IPO funds will support working capital and new machinery purchases.

5. Influx Healthtech Ltd (IPO: June 18–20 | Issue Size: ₹58.6 Cr | Price Band: ₹91–96)
Book-Running Lead Manager: Rarever Financial Advisors Pvt. Ltd

About the Company:
Mumbai-based Influx Healthtech is a fast-growing CDMO with products spanning nutraceuticals, veterinary, ayurvedic, cosmetics, and homecare segments.

Highlights:

FY23 to FY25 revenue grew from ₹76.06 Cr to ₹104.85 Cr.

Offer includes fresh issue of ₹48 Cr and OFS of ₹10.56 Cr.

Strong margins and diversified portfolio.

6. Mayasheel Ventures Ltd (IPO: June 20–24 | Issue Size: ₹27.28 Cr | Price Band: ₹44–47)
Book-Running Lead Manager: Narnolia Financial Services Ltd.

About the Company:
A government-registered “Class A” infrastructure firm, Mayasheel Ventures specializes in public works like roads, bridges, drainage systems, and also offers electrical infra services including smart meters.

Highlights:

Current order book of ₹201.6 Cr.

Over 65 projects completed to date.

IPO funds to support scaling up operations amid robust public sector demand.

Listing Date: June 27.

>> IPO Market Performance Snapshot (Jan–May 2025)
Mainboard IPOs: 13 issues raised ₹21,258.74 Cr; Hexaware Technologies was the largest at ₹8,750 Cr.

Average Mainboard Listing Gain: 15.06%, despite 4 IPOs listing in the red.

SME IPOs: 69 issues raised ₹3,050.07 Cr; average listing gain at 11.05%.

Largest SME IPO: Capital Numbers Infotech (₹169.37 Cr).

Smallest SME IPO: Avax Apparels (₹1.92 Cr).

Key Take Aways
The IPO market in India remains vibrant, offering investors exposure to high-growth sectors such as infrastructure tech, industrial automation, health & wellness, and EPC services. ArisInfra Solutions leads the mainboard action, while Patil Automation and Influx Healthtech stand out in the SME space for their sectoral tailwinds and strong financials.

Stay tuned for grey market movement and listing day performance—next week could be a defining one for primary market watchers.