Turtlemint, Waterways, and Jivial Industries IPOs Lead Market Activity

The Indian primary market sees heightened activity with multiple IPOs currently in the subscription phase. Turtlemint Fintech Solutions reaches its final day of public subscription on June 23, with listing expected on June 29. Meanwhile, Waterways Leisure Tourism has officially opened its subscription window today, June 23, set to conclude on June 25. The cruise operator successfully secured ₹263.25 crore from anchor investors, including Baroda BNP Paribas Mutual Fund, prior to the public opening of its ₹585-crore offer.

Market interest is further characterized by the launch of the Jivial Industries IPO, which began bidding today with a fixed price of ₹196 per share. The company seeks to raise ₹31.99 crore to fund capacity expansion and the construction of a new manufacturing plant for its aluminium systems. The simultaneous movement of these issues underscores a vibrant primary market environment where companies from fintech, tourism, and manufacturing sectors are actively looking to tap into public capital to support growth initiatives.

Investors are now evaluating the subscription sentiment and Gray Market Premium (GMP) data across these three issues to determine entry strategies. While Turtlemint faces its final closing hours, the subscription progress for Waterways Leisure and Jivial Industries will remain a key indicator of retail and institutional appetite for the remainder of the week. Market participants expect increased volatility in trading volumes following the successful anchor allocations and the upcoming listing schedules.