A robust macroeconomic climate and high market sentiment have driven a notable increase in the Indian IPO market recently. Five companies on the mainboard are scheduled to debut their initial public offerings (IPOs) this coming week.
In the mainboard segment, the Gala Precision Engineering IPO will open for subscription on September 2. Meanwhile, the Baazar Style Retail IPO, which is currently ongoing, will close on September 3.
The IPO of precision components manufacturer Gala Precision Engineering Limited opened for bidding on September 2, 2024, and will close on 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.
A book-built issue of ₹169.65 crore, which includes a fresh issue of 1.48 crore, valued at ₹122.43 crore, and an offer for sale of 0.57 crore, valued at ₹47.23 crore. Shree Tirupati Balajee IPO is open for bidding from September 5, 2024, to September 9, 2024. Shree Tirupati Balajee IPO will be listed on BSE and NSE with a tentative listing date of September 12, 2024. Shree Tirupati Balajee’s IPO price band has been set at ₹78 to ₹83 per share. The minimum lot size for an application is 180 Shares.
Bajaj Housing Finance IPO will open on September 9, 2024, and close on September 11, 2024. It 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 price band for the IPO has been set at ₹66 to ₹70 per share.
The ₹203.00 crore Tolins Tyres IPO comprised 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. Tolins Tyres’ IPO price band has been set at ₹215 to ₹226 per share.
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. 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.
Apart from these, there can be other companies as well that can enter the stock market in September 2024.
Also, India’s biggest automobile IPO of 2024! Hyundai’s IPO will open from October 15 to 17, 2024. Don’t miss your chance to be part of the automobile industry!
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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