Seven firms set to debut on stock exchanges
Seven more companies are making their market debut in India.
Raymond Realty and Kalpataru Ltd will list on Tuesday, followed by Ellenbarrie Industrial Gases and Globe Civil Projects.
HDB Financial Services and Sambhv Steel Tubes join the action on Wednesday, with Indogulf Cropsciences wrapping up the listings on Thursday.
Raymond, Kalpataru target similar investors
Raymond Realty, spun off from Raymond Ltd, focuses on luxury homes in Mumbai's suburbs and is planning six new projects worth ₹14,000 crore by FY26—all while staying net-debt-free.
Kalpataru Ltd brings 37 years of real estate experience across residential, commercial, retail, and township projects.
Its ₹1,590 crore IPO (priced at ₹387-₹414 per share) is mainly for paying off debt and covering business needs.
Analysts see long-term potential in both stocks
Kalpataru's IPO values it at nearly ₹8,500 crore at the top end; Raymond Realty could list between ₹9,500-₹13,000 crore based on expected prices.
While both target similar investors, they differ in size and maturity—Raymond stands out for its clean balance sheet.
Analysts see long-term potential in both stocks as investor interest heats up this week.