In a fresh development in the primary market, three mainboard initial public offerings (IPOs) will open for subscription today. The IPOS are from Kalpataru Projects International, Ellenbarrie Industrial Gases, and Globe Civil Projects, which are looking to collectively raise around ₹2,162 crore. The companies garnered a total of ₹1,000 crore via the anchor book last night.

Here’s all you need to know about these these IPOs before they open for subscription:

Kalpataru Projects International

Ahead of the IPO opening for subscription today, Kalpataru raised ₹708 crore from nine marquee anchor investors at the upper price band of ₹387-414 per share. GIC Singapore, GSS Opportunities Investment (Bain Capital) were among the prominent International anchors, while SBI Mutual Fund, ICICI Prudential Mutual Fund, SBI General Insurance, Aditya Birla Sun Life, and 360 ONE WAM were among the domestic investors.

The Mumbai-based real estate developer is looking to raise ₹1,590 crore via the IPO route, which is entirely a fresh issue of 3.84 crore shares. Kalpataru plans to use the IPO proceeds worth ₹1,192.5 crore for repayment of certain borrowings availed by the company and its subsidiaries.

Ellenbarrie Industrial Gases

The industrial gases company has garnered ₹256 crore from anchor investors ahead of its IPO opening for subscription. The company informed the bourses that it has allocated 63,93,938 equity shares at ₹400 per share on Monday to anchor investors.

Some of the institutional investors that participated in the anchor book included Nippon India Mutual Fund, HDFC Mutual Fund, Axis Mutual Fund, HDFC Life Insurance company Limited, TATA Mutual Fund, and Whiteoak.

Last week, Ellenbarrie issued 62,50,000 equity shares to Motilal Oswal Mutual Fund through a secondary sale (pre-IPO placement) at a price of ₹400 per share. The transaction, amounting to ₹250 crore, represents 4.43% of the company’s pre-offer share capital.

Ellenbarrie Industrial Gases aims to raise ₹852.53 crore via the IPO route, which is a combination of a fresh issue of 1 crore shares worth ₹400 crore and an offer for sale of 1.13 crore shares amounting to ₹452.53 crore. The company has set an IPO price band of ₹380-400 per share. 

Globe Civil Projects

The New Delhi-based real estate builder and construction company raised ₹35.70 crore through its anchor book last night, which saw participation from six entities comprising AIFs and FPIs. Chanakya Opportunities Fund I, a Category II Alternative Investment Fund (AIF) managed by StepTrade Share Services, was allotted 21% of the anchor portion.

Globe Civil Projects has set the IPO price band at ₹67-71 per share, and is looking to garner ₹119 crore at the upper end of the issue price. The public offer is an entirely fresh issue of 1.68 crore shares, which will close on June 26, 2025. The allotment for Globe Civil Projects shares is expected to be finalised on June 27, while the shares are expected to be listed on the BSE and the NSE on July 1, 2025.

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