Seven initial public offers will open next week, collecting a total of Rs 1,600 crore from primary market. As stock markets hover around all-time highs for BSE Sensex and NSE Nifty, IPOs are expected to receive a positive response. Three main market firms will be launching IPO while four are from small & medium enterprises (SME) segment. Among all the IPOs launching next week, drone manufacturing company ideaForge Technology is looking promising and has higher investor interest.

Recently, IKIO Lighting IPO listing offered wonderful returns to primary market investors. Drone manufacturer ideaForge Technology is aiming to raise Rs 567 crore at the upper end of the price band of Rs 638–672 per share. The company will start accepting bids on June 26. The company has already raised Rs 255 crore from anchor investors. The funds will be used for repaying debt, investments in innovation & product development and for working capital requirements.

Cyient DLM will launch its IPO on June 27. The company is aiming to raise Rs 592 crore by selling 2.23 crore shares in price band of Rs 250-265 per share. Cyient DLM is a subsidiary of IT services company Cyient.

PKH Ventures will be launching its IPO on 30 June. The construction company is aiming to raise Rs 380 crore from primary market but the price band for stock sale hasn’t been announced yet.

Among four SME companies are Pentagon Rubber (Rs 16 crore), Global Pet Industries (Rs 13 crore), Tridhya Tech (Rs 27 crore) and Synoptics Technologies (Rs 54 crore). The SME companies will be listed on NSE Emerge platform for trading.