Investing in Initial Public Offering (IPO) has always been a frenzy for investors in the Indian securities market, allowing them to reap the benefits of possible capital appreciation over the long term. IPO is the process where companies offer their shares to the general public for the very first time and raise funds. The companies generally raise funds for business expansion, capex requirements, general corporate purposes, debt repayment, etc. In this article, we will look at the upcoming IPOs, which will be listed on exchanges in September 2024.
The IPO of precision components manufacturer Gala Precision Engineering Limited will open for bidding from September 2, 2024, to September 4, 2024. Gala Precision Engineering IPO is a book-built issue of ₹167.93 crores. The issue combines a fresh issue of 0.26 crore shares aggregating ₹135.34 crore and an offer for sale of 0.06 crore shares aggregating ₹32.59 crore.
As per RHP, the price band for Gala Precision Engineering IPO has been set at ₹503 to ₹529 per share, with a lot size for an application of 28 Shares. This leads to the minimum investment amount of ₹14,812 for retail investors.
The allotment for the Gala Precision Engineering IPO is expected to be finalised on September 5, 2024. Gala Precision Engineering IPO will be listed on BSE and NSE, with a tentative listing date of September 9, 2024.
Shree Tirupati Balajee IPO is a book-built issue of ₹169.65 crore. It consists of a fresh issue of 1.48 crore shares aggregating ₹122.43 crores and an offer for sale of 0.57 crore shares aggregating ₹47.23 crore.
Shree Tirupati Balajee IPO opens for subscription on September 5, 2024 and closes on September 9, 2024. The allotment for the Shree Tirupati Balajee IPO is expected to be finalised on September 10, 2024. Shree Tirupati Balajee IPO will be listed on BSE and NSE with a tentative listing date of September 12, 2024.
Bajaj Housing Finance is set to open its ₹6,560.00 crore IPO on September 9, 2024, and will close on September 11, 2024. Bajaj Housing Finance IPO combines a fresh issue of ₹3,560.00 crore and an offer for sale of ₹3,000.00 crore.
The allotment for the Bajaj Housing Finance IPO is expected to be finalised on September 12, 2024. The IPO will be listed on BSE and NSE, with a tentative listing date of September 16, 2024. The price band for the IPO has been set at ₹66 to ₹70 per share.
Tolins Tyres IPO is a book-built issue of ₹203.00 crores. It consists of a fresh issue of 0.88 crore shares aggregating ₹200.00 crores and an offer for sale of 0.01 crore shares aggregating ₹3.00 crores.
Tolins Tyres IPO opens for subscription on September 9, 2024, and closes on September 11, 2024. The allotment for the Tolins Tyres IPO is expected to be finalised on September 12, 2024. The Tolins Tyres IPO will be listed on BSE and NSE, with a tentative listing date of September 16, 2024.
Tolins Tyres’ IPO price band has been set at ₹215 to ₹226 per share. A retail investor is required to make a minimum investment of ₹14,916, comprising a lot size of 66 Shares.
Kross IPO is a book-built issue of ₹500.00 crores. It combines a fresh issue of ₹250.00 crores and an offer for sale of ₹250.00 crores.
Kross IPO opens for subscription on September 9, 2024, and closes on September 11, 2024. The allotment for the Kross IPO is expected to be finalised on September 12, 2024. Kross IPO will be listed on BSE and NSE, with a tentative listing date of September 16, 2024. However, the price band for Kross IPO has yet to be announced.
Jeyyam Global Foods IPO is a book-built issue of ₹81.94 crores. The issue comprises a fresh issue of ₹73.74 crores and an offer for sale of ₹8.19 crores. Jeyyam Global Foods IPO price band has been set at ₹59 to ₹61 per share with a minimum lot size of 2,000 Shares.
Jeyyam Global Foods IPO opens for subscription on September 2, 2024 and closes on September 4, 2024. The allotment for the Jeyyam Global Foods IPO is expected to be finalised on September 5, 2024. Jeyyam Global Foods IPO will be listed on NSE SME with a listing date of September 9, 2024.
Namo eWaste Management IPO is a book-built issue of ₹61.25 crore, which is entirely a fresh issue of 72.06 lakh shares. Namo eWaste Management IPO opens for subscription on September 4, 2024 and closes on September 6, 2024. The allotment for the Namo eWaste Management IPO is expected to be on September 9, 2024. Namo eWaste Management IPO will be listed on NSE SME with a listing date of September 11, 2024. The price band for Namo eWaste Management IPO has been set at ₹80 to ₹85 per share with a minimum lot size of 1,600 Shares.
Mach Conferences and Events IPO is a book-built issue of ₹125.28 crores. The issue comprises a fresh issue of ₹50.15 crore and an offer for sale of ₹75.13 crore. Mach Conferences and Events IPO opens for subscription on September 4, 2024 and closes on September 6, 2024. The allotment for the Mach Conferences and Events IPO is expected to be finalised on September 9, 2024. Mach Conferences and Events IPO will be listed on BSE SME with a listing date of September 11, 2024. With a minimum lot size of 600 shares, the price band for Mach Conferences and Events IPO has been set at ₹214 to ₹225 per share.
Excellent Wires and Packaging IPO is a fixed-price issue of ₹12.60 crores, entirely a fresh issue of 14 lakh shares. Excellent Wires and Packaging IPO will open for subscription on September 11, 2024 and closes on September 13, 2024. The allotment for the Excellent Wires and Packaging IPO is expected to be finalised on September 16, 2024. Excellent Wires and Packaging IPO will be listed on NSE SME with a listing date of September 19, 2024. Excellent Wires and Packaging IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares.
Apart from these, there can be other companies as well that can enter the stock market in September 2024.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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