Upcoming IPOs in First week of September 2024: The month of September is starting from tomorrow i.e. Sunday. There is going to be a lot of activity in the market in the first week of the month. In such a situation, be ready by keeping money in the bank because three IPOs of the mainboard segment are coming this week. Bajaj Housing Finance is going to have the largest size among the three IPOs. A total of Rs 8002.61 crore is to be raised from all the mainboard IPOs coming this week. Along with this, 4 new IPOs of the SME segment are in the queue to come. Let’s know about all of them one by one.
Gala Precision Engineering (Gala Precision Engineering,
The company will open its issue for investors to bid on September 02 to raise Rs 167.93 crore. The IPO has two components: fresh issue and offer for sale. The issue will close on September 04. Allotment of shares is expected to be finalised on September 05. Gala Precision has kept the price band between Rs 503 to Rs 529 per equity share. The company is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS) and special fastening solutions (SFS), which it supplies to OEMs.
Bazaar Style Retail (Baazar Style Retail IPO,
mf opened bids for investors on August 30 and will raise Rs 834.68 crore. The issue will close taking bids on September 03. The company’s IPO has two components: fresh issue and offer for sale. Bazaar Style Retail has kept the price band of the IPO between Rs 370 and Rs 389 per equity share. The issue also has an employee reservation of 28,248, which is available to them at a discount of Rs 35 per equity share.
Bajaj Housing Finance
Bajaj Housing Finance’s book-built issue is worth Rs 7,000 crore. The company will raise funds through new shares as well as an offer for sale. However, the price band and dates are yet to be announced. Kotak Mahindra Capital Company, BoFA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial and IIFL Securities are the book-running lead managers to the Bajaj Housing Finance IPO, while Kfin Technologies is the registrar to the issue.
SME IPOs coming in the first week of September
Jeyam Global Foods
The SME company is looking to raise Rs 81.94 crore through fresh shares and offer for sale. It will open for subscription for bidding on September 2 and close on September 4. The stocks will be listed on the NSE SME segment on September 9. The company has kept the IPO price band between Rs 59 and Rs 61 per equity share.
Match conferences and events
The SME company will open its IPO for investors on September 4, raising a total of Rs 125.28 crore through a combination of fresh issue and offer for sale. The company’s shares will hit the BSE SME segment on September 11, as per the tentative schedule. Match Conference has pegged the IPO price band at between Rs 214 or Rs 225 per equity share.
Namo Ewaste Management
The company’s IPO is a book-built issue of Rs 51.20 crore, which will launch on September 4 and close on September 6. The IPO is entirely of fresh shares. Allotment for Namo Waste Management IPO is expected to be finalised on September 9. As per the tentative schedule, the shares will come on the NSE SME platform on September 11. The company has kept the price band of the IPO between Rs 80 and Rs 85 per equity share.
My Mudra Fincorp
The SME Company acts as a channel partner (DSA) for leading banks and NBFCs in India. It is looking to raise Rs 33.26 crore from the primary market by selling entirely new shares of the company. The IPO will open for bidding on September 05 and close the bidding on September 09. As per the tentative schedule, the SME Company will start trading on D-Street on the NSE SME platform from September 12. My Mudra Fincorp has fixed the price band of the IPO between Rs 104 and Rs 110 per equity share, with a minimum investment requirement of Rs 1,32,000.
Listing in the first week of September
Key IPO Listings
Premier Energies will trade on Dlal Street on September 03. The shares of the company were trading at a premium of over 92% in the grey market.
The very next day, on September 04, Echoes Mobility will be available to traders in the secondary market. Echoes Mobility shares were trading at a premium of over 40% in the grey market.
The weekend will be a delight for Bazaar Style Retail as the company will hit the benchmark markets on Friday, September 06. Shares of Bazaar Retail were trading at a premium of slightly over 32% in the grey market.
