The upcoming IPOs this week in India – check out Mainline and SME upcoming IPOs this week that are open, and scheduled for listing. Read on!
This upcoming week is going to be a big blast for investors as 14 new IPOs are going to be launched. Out of these 14 IPOs, 4 are mainline IPOs and the rest of them are listed on the SME platform. All these IPOs coming from different industries allow investors to invest in their preferred sectors.
Also if look back on this week Premier Energies Limited which comes under mainline and Jay Bee Laminations Limited which comes under the SME platform gave great returns to their investors. In the upcoming week, there are also 8 IPOs that are going to be listed.
The following is a detailed overview of the IPOs that will open and list this week.
New IPO Opening This Week:
The upcoming IPOs that opened this week are as follows:
Kross
The IPO of Kross Limited will open for subscription on September 9, 2024, and will close on September 11, 2024. The company is aiming to raise around ₹500.00 crores via this IPO. It is a mainline IPO and the price band is fixed at ₹228 to ₹240 per share.
KFin Technologies Limited is serving as the registrar for this offering while Equirus Capital Private Limited is the book-running lead manager for this offering.
Bajaj Housing Finance
Bajaj Housing Finance’s IPO will open to the public on September 9, 2024. It will open till September 11, 2024. This is a mainline IPO and is planning to raise Approximately ₹6,560 Crores. The price band for this IPO is ₹66 to ₹70 Per Share
The book-running lead managers for this IPO are Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Limited. The registrar for this offering is KFin Technologies Limited. It has a GMP of around 50₹ with the listing gain of 70-75%.
Tolins Tyres
The IPO of Tolins Tyres will open on September 9, 2024. This mainline IPO will close on September 11, 2024. The company is planning to raise around ₹230 Crores through this IPO and price band is set at ₹215 to ₹226 Per Share.
Saffron Capital Advisors Private Limited is the book-running lead manager for this IPO while Cameo Corporate Services Limited is serving as the registrar for this. Currently, the grey market premium of Tolins Tyres is around ₹25 with a listing of 10-15%
Aditya Ultra Steel
Aditya Ultra Steel’s IPO will open on September 9, 2024. It will be listed on the NSE SME platform and the IPO will close on September 11, 2024. Aditya Ultra Steel will raise around Approx ₹45.88 crore through only fresh issues and the price band is also set at ₹59 to ₹62 Per Share.
The book-running lead manager of this IPO is Swastika Investment Limited while Cameo Corporate Services Limited is serving as the registrar for this offering.
Shubhshree Biofuels
The IPO of Shubhshree Biofuels will start for subscription on September 9, 2024, and will end on September 11, 2024. The company is aiming to raise Approx ₹16.56 Crores via only fresh issues. It is an NSE SME IPO with a price band of ₹113 to ₹119 Per Share.
Hem Securities Limited is the book-running lead manager for this IPO while Bigshare Services Pvt Ltd is serving as the registrar for it.
Share Samadhan
Share Samadhan will launch its IPO on the BSE SME platform. It will open on September 9, 2024, and will close on September 11, 2024. The company plans to raise Approximately ₹24.06 Crores through this IPO and the price band is fixed at ₹70 to ₹74 Per Share.
The registrar for this offering is Skyline Financial Services Private Ltd while book-running lead manager is Narnolia Financial Services Ltd.
Gajanand International
Gajanand International is all set to launch its IPO on September 9, 2024. It will be launched on the NSE SME platform. The IPO will close on September 11, 2024. Through this IPO the company is planning to raise Approximately ₹20.65 Crores at a fixed price band of ₹36 Per Share.
The book-running lead manager of this IPO is Fast Track Finsec Pvt Ltd while Skyline Financial Services Private Ltd is serving as the registrar for this offering.
P N Gadgil Jewellers
The Opening date of P N Gadgil Jewellers’ IPO is September 10, 2024, and it will close on September 12, 2024. It will be a mainline IPO. The issue size for this is around ₹1,100 Crores through fresh issues and OFS both. The Price band is also fixed at ₹456 to ₹480 Per Share.
The book-running lead managers of P N Gadgil Jewellers’ IPO are Motilal Oswal Investment Advisors Limited, Nuvama Wealth Management Limited, and Bob Capital Markets Limited while Bigshare Services Pvt Ltd is the Lead Manager for it. Right now the IPO has a GMP of around ₹180 while the listing gain is 35-40%.
SPP Polymer
SPP Polymer will launch its IPO on September 10, 2024, and the closing date of the IPO is September 12, 2024. It will be listed on the NSE SME platform. SPP Polymer is planning to raise Approx ₹24.49 Crores through this IPO. The price band of this IPO is fixed at ₹59 Per Share.
The registrar for this IPO is KFin Technologies Limited while Interactive Financial Services Ltd is serving as the book-running lead manager for it.
Trafiksol ITS
The IPO of Trafiksol ITS will open on September 10, 2024, and will close on September 12, 2024. It will be listed on the BSE SME platform. Trafiksol ITS is planning to raise approx ₹44.87 Crores through only fresh issues. The price band of it is ₹66 to ₹70 Per Share.
Maashitla Securities Pvt. Limited is the Registrar of the IPO while Ekadrisht Capital Private Limited is the book-running lead manager of it.
Excellent Wires
Excellent Wires will launch its IPO on September 11, 2024, and the closing date for the IPO is September 13, 2024. It is an NSE SME IPO with a fixed price band of ₹90 Per Share. The company is planning to raise Approx ₹12.60 Crores through this IPO.
Inventure Merchant Banker Services Pvt Ltd is the book-running lead manager for this offering while Bigshare Services Pvt Ltd is the registrar for it.
Innomet Advanced Materials
The Opening date of Innomet Advanced Materials’ IPO is September 11, 2024, and it will close on September 13, 2024. It will be listed on the NSE SME platform. The issue size for this is around Approx ₹34.24 Crores through only fresh issues. The Price band is also fixed at ₹100 Per Share.
The book-running lead manager of Innomet Advanced Materials’ IPO is Expert Global Consultants Private Limited while Skyline Financial Services Private Ltd is the Lead Manager for it.
Envirotech Systems Limited
The IPO of Envirotech Systems Limited will open on September 13, 2024, and will close on September 17, 2024. It will be listed on the NSE SME platform. Envirotech Systems Limited is planning to raise approx ₹30.24 Crores through only fresh issues. The price band of it is ₹53 to ₹56 Per Share.
Bigshare Services Pvt Ltd is the Registrar of the IPO while Share India Capital Services Private Limited is the book-running lead manager of it.
Deccan Transcon
The opening date of Deccan Transcon’s IPO is September 13, 2024, and the IPO will close on September 18, 2024. The company is selling 5,00,000 equity shares in OFS.
Unistone Capital Private Limited is the book-running lead manager while Link Intime India Pvt Ltd is serving as the registrar for this IPO.
IPO Listing This Week
There are 8 IPOs listing this week, which is as follows:
Jeyyam Global Foods
Jeyyam Global Foods’ allotment was finalized on 5 Sep 2024 and the listing will happen on Monday 9 Sep 2024. The IPO will be listed on the NSE SME platform. Currently, its GMP is around ₹25 with a listing gain of 40-45%.
Gala Precision Engineering
The allotment of Gala Precision Engineering IPO was already finalized on 5 Sep 2024 and it is a mainline IPO. The listing of this IPO will tentatively be scheduled on 9 Sep 2024. The grey market premium of Gala Precision Engineering is currently ₹290-₹300 and the listing gain is around 55%.
Naturewings Holidays
Naturewings Holidays is a BSE SME IPO and the allotment of this IPO was done on September 6, 2024, while listing for this IPO will approximately happen on September 10, 2024. Right now it has a listing gain of 40-45 % with the GMP around ₹30.
Namo eWaste
The allotment of Namo eWaste will happen on September 9, 2024. It is the NSE SME IPO and will be listed for trading on September 10, 2024. The grey market premium of Namo eWaste is currently around ₹50-55 with a listing gain of 55-60%.
Mach Conferences
The allotment date for Mach Conferences is confirmed on September 9, 2024. This IPO will be listed on the BSE SME platform and the listing date is tentatively fixed at September 11, 2024. The IPO has a listing gain of 85-90% with a GMP of around ₹200.
Shree Tirupati Balajee Agro
Shree Tirupati Balajee Agro’s allotment will happen on September 10, 2024, and it is a mainline IPO. The listing for it will also occur on September 12, 2024. Currently, its GMP is around ₹30 with a listing gain of 35-40%.
My Mudra Fincorp
The allotment date of My Mudra Fincorp IPO is confirmed and the shares will be allotted on September 10, 2024. It is an NSE SME IPO which will be listed on September 10, 2024. Currently, My Mudra Fincorp IPO has a GMP of around ₹40 with a listing gain of 35-40%.
Vision Infra Equipment
Vision Infra Equipment’s IPO allotment date is fixed at September 11, 2024. The listing of this IPO will happen on 13 September 2024. It will be listed on the NSE SME platform.
Note: This news article is created only for educational purposes. It is not meant as an approval or recommendation to invest in any securities. Investors should conduct their own research and get advice from financial advisors before making any investment decisions. Please keep in mind that Grey Market Premium (GMP) values also change on a daily basis depending on market conditions and premiums.
