CSM Technologies IPO vs Advit Jewels IPO vs Waterways Leisure Tourism IPO

CSM Technologies IPO vs Advit Jewels IPO vs Waterways Leisure Tourism IPO shows that compaies are experiencing mixed sentiment ahead of their stock market listings

CSM Technologies IPO

In contrast, CSM Technologies began its public subscription phase with more conservative numbers in the unlisted space. The company’s gray market premium was modest at ₹4 per share on Wednesday morning. This premium indicates an estimated listing price of ₹117 per share, giving investors an initial profit of approximately 4% above the highest bid price limit.

This information technology company specializes in providing digital and tech-driven solutions to private companies and government organizations. CSM Technologies intends to raise a total of ₹145.78 crore through a new issue of 1.29 crore equity shares. Investors can bid within the fixed price band of ₹107 to ₹113 per share until the bidding window closes on June 29. The final share allotment will take place on June 30, followed by a dual listing on the BSE and NSE on July 2.

Advit Jewels IPO

On Wednesday, June 24, 2026, Advit Jewels’ IPO became a hot favorite among retail and institutional investors. By the morning of the second day of bidding, the book-built issue was subscribed 16.66 times, with total bids for over 13.95 crore shares against the available quota of 83.79 lakh shares. The unlisted market reflected this overwhelming popularity, with the company’s grey market premium (GMP) rising to ₹56 per share.

The Jaipur-headquartered business, known for manufacturing premium handcrafted jewelry under the Rambhajo brand, aims to raise ₹165.16 crore by issuing 12 million fresh equity shares. The price band for the subscription window has been fixed between ₹130 and ₹138 per share. Based on the current unlisted premium, the stock is expected to open at ₹194 per share on July 1, representing a potential listing gain of 40.58% for early subscribers.

Waterways Leisure Tourism IPO

Meanwhile, Waterways Leisure Tourism is receiving a lukewarm response from public market participants. The company’s ₹585 crore book-built issue, comprising over 72 lakh fresh shares, recorded a subscription rate of just 0.28 times on the second day of bidding. Unlisted market demand mirrored this sluggish trend, with the gray market premium remaining stable at ₹6 per share.

The lower premium suggests that each will be priced at ₹814 upon market debut, representing a minimum premium of 0.74% above the upper price limit. The company operates a renowned ocean cruise network that focuses on regional dining experiences, personalized service, live entertainment, and Indian heritage. The subscription window for both Waterways Leisure Tourism and Advit Jewels will close on June 25, with final allotments taking place on June 29, followed by their public market debut on July 1.