Upcoming IPO :The year 2024 is becoming the year of IPOs. This year, a lot of action is being seen in the primary market. The next few days are also going to be busy in terms of the IPO market. 3 mainboard IPOs are going to open between 5 and 9 September. The price band of all has been fixed and details about the IPO have come. The IPOs that are going to be launched include Shree Tirupati Balajee, Bajaj Housing Finance and Tolins Tyres. If you like to invest money in the IPO market, then you can get complete information before investing.
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Shree Tirupati Balajee IPO
The IPO of Shree Tirupati Balajee Agro Trading Company Limited is opening on Friday, September 5 and you can invest in it till September 9. The size of the IPO is Rs 170 crore. The company has fixed the price band for the IPO at Rs 78-83 per share. The IPO includes a fresh issue of 1.47 crore equity shares and an offer for sale of 56.90 lakh equity shares by Binod Kumar Agarwal.
IPO opening date: September 5, 2024
IPO closing date: September 9, 2024
Price Band: Rs 78-83 per share
IPO size: Rs 170 crore
GMP : 10%
Listing on September 12
Under this IPO, the share allotment will be done on September 10, while the shares will be listed on September 12. In the IPO, 35% quota is reserved for retail investors, 50% quota for QIB and 15% quota for NII. The company will use the funds raised from the IPO to repay debt, invest in subsidiary companies, meet capital requirements and for general company operations. Sri Tirupati Balaji Agro Trading Company is engaged in the business of manufacturing and selling industrial packaging products such as large flexible bags and woven sacks, woven fabrics and tapes.
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Bajaj Housing Finance IPO
Bajaj Housing Finance’s IPO is opening next week on September 9 and can be subscribed till September 11. The company has fixed the price band for the IPO at Rs 65-70 per share. The size of the IPO is Rs 6500 crore. In this, fresh equity shares worth Rs 3560 crore will be issued, while the offer for sale is Rs 3000 crore.
IPO opening date: September 9, 2024
IPO closing date: September 11, 2024
Price Band: Rs 65-70 per share
IPO size: Rs 6,500 crore
GMP : 79%
Listing on September 16
Under this IPO, share allotment will be done on September 12, while the shares will be listed on September 16. In the IPO, 35% quota is reserved for retail investors, 50% quota for QIB and 15% quota for NII.
Bajaj Housing Finance, a Bajaj Group company, was established in 2008 and was registered with the National Housing Bank (NHB) in 2015. After this, since 2018, this company is engaged in providing mortgage loans or loans against properties. The company has a large network of 215 branches in 174 locations in 20 states and 3 union territories.
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Tolins Tyres IPO
The IPO of Kerala-based tyre manufacturing company Tolins Tyres is also opening next week on September 9 and can be subscribed till September 11. The company has fixed the price band for the IPO at Rs 215-226 per share. The size of the IPO is Rs 230 crore. In this, fresh equity shares worth Rs 200 crore will be issued, while the offer for sale is Rs 30 crore.
IPO opening date: September 9, 2024
IPO closing date: September 11, 2024
Price Band: Rs 215-226 per share
IPO size: Rs 230 crore
GMP : -%
Listing on September 16
Under this IPO, share allotment will be done on September 12, while the shares will be listed on September 16. In the IPO, 35% quota is reserved for retail investors, 50% quota for QIB and 15% quota for NII. Established in 2003, Tolins Tires Limited is a tire manufacturing company. This company provides tire retreading solutions in India. The company exports its products to 40 countries.
As of March 31, 2024, the company’s products include light commercial vehicle tyres, off-road/agricultural tyres (OTR), two-wheeler and three-wheeler tyres, tyre tubes and tyre flaps, precured tread rubber (PCTR), conventional tread rubber, bonding gum, vulcanizing solution, rope rubber and others.
