Upcoming IPOs: There are three IPOs up for bid in the first week of September. Bajaj Housing Finance is the largest of these three. The combined amount raised by the three IPOs is Rs 8002.61 crore. Four initial public offerings (IPOs) are planned in the SME sector.
Upcoming (IPOs) Initial Public Offerings in September 2024’s First Week
Baazar-style retail
In order to raise Rs 834.68 crore, the company invited investors to place bids on August 30. On September 3, bids on this issue will no longer be accepted. The fresh issue and offer for sale are the two parts of the company’s initial public offering (IPO). The IPO pricing band for equity shares was maintained by Bazaar Style Retail between Rs 370 and Rs 389. Employees may also purchase 28,248 worth of equity shares at a discount of Rs 35 per equity share under the terms of the offering.
Gala Precision Engineering
On September 2, the would invite investors to bid on its offering in an effort to raise Rs 167.93 crore. There are two parts to an IPO: an offer for sale and a new issue. The deadline for this issue is September 4. On September 5, the share allocation is anticipated to be finalized. Gala Precision maintained an equity share price range of Rs 503 to Rs 529. The company makes precision parts that it sells to original equipment manufacturers (OEMs), including coil and spiral springs (CSS), disc and strip springs (DSS), and special fastening solutions (SFS).
Housing Finance Provider Bajaj
Bajaj Housing Finance has a book-built issue of Rs 7,000 crore. In addition to making an offer for sale, the company will raise capital through new shares. Dates and the price range have not yet been disclosed, though. The Bajaj Housing Finance IPO’s book-running lead managers are Kotak Mahindra Capital Company, BoFA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial, and IIFL Securities. The issue’s registrar is Kfin Technologies.
Upcoming initial public offerings (IPOs) for SMEs in the first week of September
Global Foods, Jeyyam
By issuing new shares and making an offer for sale, the SME company hopes to raise Rs 81.94 crore. The auction will commence on September 02 and finish on September 04 for subscriptions. On September 9, the stocks are scheduled to go live on the NSE SME section. The IPO pricing range for each equity share was maintained by the business between Rs 59 and Rs 61.
Mach Meetings and Occasions
The SME company plans to raise a total of Rs 125.28 crore through an offer for sale and a fresh issue by opening its IPO to investors on September 4. On September 11, as per the tentative schedule, the company’s shares would be listed on the BSE SME sector. The IPO pricing range for Mach Conferences’ equity shares is between Rs 214 and Rs 225.
Management of Namo e-Waste
The company’s first public offering (IPO) is a book-built issue valued at Rs 51.20 crore, scheduled to begin on September 4 and end on September 6. All new shares are being offered in the IPO. On September 9, the Namo eWaste Management IPO allocation is anticipated to be finalized. As tentatively scheduled, the shares will be available on the NSE SME platform on September 11. The IPO price range was maintained by the business between Rs 80 and Rs 85 per equity share.
My Mudra Financial Corporation
Major Indian banks and NBFCs use the SME company as a channel partner (DSA). By selling all of its new shares, the company hopes to raise Rs 33.26 crore from the primary market. The initial public offering (IPO) will commence on September 5 and close for bids on September 9. As tentatively scheduled, on September 12, the SME company will begin trading on D-Street on the NSE SME platform. With a minimum investment requirement of Rs 1,32,000, My Mudra Fincorp set the IPO price band between Rs 104 and Rs 110 per equity share.
Listings during September’s first week
Listing of Mainstream IPOs
On September 3, Premier Energies will begin trading on Dalal Street. The company’s equities were fetching a premium of over 92% on the black market.
The very following day, September 4, traders on the secondary market will have access to Ecos Mobility. In the grey market, ECO Mobility’s shares were selling for more than 40% more than their market value.
Baazar Style Retail will be celebrating this weekend since it will be hitting the benchmark bourses on Friday, September 6. The premium being paid for Baazar Retail shares on the grey market was just over 32%.
Read Also: Railway PSU Stocks: IRCTC, IRFC, and RVNL Show Zero Returns – Is It Time for Bottom Fishing?
