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Starting from September 2, investors will have the chance to explore six new IPOs, including one from the mainboard segment, in a week that promises significant activity in the primary market. With the equity markets performing well and a steady influx of both domestic and foreign investments, the IPO pipeline remains robust. This week, six IPOs are set to launch, with one from the mainboard segment.
Gala Precision Engineering IPO : Maharashtra-based precision components manufacturer, Gala Precision Engineering, will launch its Rs 168-crore IPO on September 2. The price band is set at Rs 503-529 per share. The offering includes fresh equity shares worth Rs 135.34 crore and an offer-for-sale (OFS) of 6.16 lakh shares valued at Rs 32.59 crore by existing shareholders, including promoters. The subscription period closes on September 4.
Jeyyam Global Foods IPO : The first of five SME IPOs, Jeyyam Global Foods, will hit the market on September 2. The food company aims to raise Rs 81.94 crore with a price band of Rs 59-61 per share. The IPO consists of a fresh issue of 1.2 crore equity shares worth Rs 73.74 crore and an OFS of 13.43 lakh shares worth Rs 8.19 crore. The IPO closes on September 4.
Naturewings Holidays IPO : Kolkata-based Naturewings Holidays, offering holiday packages, will be the second SME IPO, opening from September 3 to September 5. This fixed-price issue aims to raise Rs 7.03 crore through the sale of 9.5 lakh equity shares at Rs 74 per share.
Mach Conferences and Events IPO : Specializing in conference management and global event planning, Mach Conferences and Events will launch its Rs 125.3-crore IPO on September 4, with a price band of Rs 214-225 per share. The offering includes a fresh issue of 22.29 lakh equity shares worth Rs 50.15 crore and an OFS worth Rs 75.13 crore. The IPO closes on September 6.
Namo eWaste Management IPO : New Delhi-based Namo eWaste, a company specializing in e-waste collection, disposal, and recycling, will launch its Rs 51.2-crore IPO on September 4. The price band is set at Rs 80-85 per share, with the offering closing on September 6. This IPO consists solely of a fresh issue by the company.
My Mudra Fincorp IPO : The final SME IPO of the week, My Mudra Fincorp, a New Delhi-based financial product distribution and sales company, will open on September 5 with a price band of Rs 104-110 per share. The IPO aims to raise Rs 33.26 crore at the upper end of the price band.
In addition, Travels & Rentals will close its IPO on September 2, and Boss Packaging Solutions on September 3, while the IPO for fashion retailer Baazar Style Retail remains open until September 3.
Solar cell and solar panel manufacturer, Premier Energies, will be the first company to debut on the BSE and NSE this week, with shares listing on September 3. Shares will be credited to investors' demat accounts by September 2, with a final issue price of Rs 450 per share.
Ecos India Mobility and Hospitality, a chauffeur-driven car rental service provider, will finalize its share allotment by September 2 and list on the bourses on September 4. Additionally, trading in Baazar Style Retail shares will commence on September 6.
In the grey market, Premier Energies shares have been trading at double their issue price of Rs 450 per share, while Ecos India Mobility shares are trading at a 45% premium, and Baazar Style Retail shares are trading at a 25-30% premium, according to market observers.
From the SME segment, Indian Phosphate, Vdeal System, and Jay Bee Laminations will list on the NSE Emerge on September 3, followed by Paramatrix Technologies and Aeron Composite on September 4. Travels & Rentals will debut on the BSE SME on September 5, with Boss Packaging Solutions listing on the NSE Emerge on September 6.
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