Upcoming IPOs: 6 Fresh Market Entries to Watch This Week

IPO This Week In India: The primary market has seen a surge in activity, with several major public offerings recently making their debut. This week, IPOs totaling Rs 1,301.32 crore are set to open for bidding, including one mainboard IPO and five SME IPOs.

Investors will have the chance to participate in six IPOs, including one from the mainboard segment.

The mainboard offering, Gala Precision Engineering, is scheduled to open today, September 2.

Overview of Upcoming IPOs This Week

Here’s a list of the IPOs opening for subscription this week:

Gala Precision Engineering IPO

Mainboard IPO Highlights

The Gala Precision Engineering IPO will be open for subscription from September 2 to September 4. This book-built offering has a total size of Rs 167.93 crore, comprising a fresh issue of 0.26 crore shares valued at Rs 135.34 crore and an offer for sale of 0.06 crore shares worth Rs 32.59 crore.

Jeyyam Global Foods IPO

Jeyyam Global Foods will open its SME IPO for subscription from September 2 to September 4. This book-built issue has a total size of Rs 81.94 crore, consisting of a fresh issue of 120.89 lakh shares worth Rs 73.74 crore and an offer for sale of 13.43 lakh shares valued at Rs 8.19 crore. The IPO is priced between Rs 59 and Rs 61 per share. Corpwis Advisors Private Limited is the book-running lead manager, with Kfin Technologies Limited serving as the registrar, and Nnm Securities acting as the market maker.

Naturewings Holidays IPO

The Naturewings Holidays IPO will be open for subscription from September 3 to September 5. This fixed-price issue totals Rs 7.03 crore and includes a fresh issue of 9.5 lakh shares, priced at Rs 74 each. The IPO is managed by Fedex Securities Pvt Ltd, with Bigshare Services Pvt Ltd serving as the registrar and Pure Broking as the market maker.

Namo eWaste Management IPO

Namo eWaste Management’s IPO will be open for subscription from September 4 to September 6. This book-built issue is valued at Rs 51.20 crore and consists solely of a fresh issue of 60.24 lakh shares. The price band for the IPO is set between Rs 80 and Rs 85 per share. Hem Securities Limited is the book-running lead manager, with Maashitla Securities Private Limited as the registrar and Hem Finlease as the market maker.

Mach Conferences and Events IPO

The Mach Conferences and Events IPO will be available for subscription from September 4 to September 6, 2024. This book-built issue is valued at Rs 125.28 crore and includes a fresh issue of 22.29 lakh shares worth Rs 50.15 crore, along with an offer for sale of 33.39 lakh shares totaling Rs 75.13 crore. The price band is set between Rs 214 and Rs 225 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, with Skyline Financial Services Private Ltd as the registrar and Spread X Securities as the market maker.

My Mudra Fincorp IPO

My Mudra Fincorp’s IPO will be available for subscription from September 5 to September 9. This book-built issue is valued at Rs 33.26 crore and includes a fresh issue of 30.24 lakh shares. The price band is set between Rs 104 and Rs 110 per share. Hem Securities Limited is the book-running lead manager, with Skyline Financial Services Private Ltd serving as the registrar and Hem Finlease as the market maker.

Listing

In addition, the Baazar Style Retail IPO will enter its second day of bidding on Monday. The IPO is priced between Rs 370 and Rs 389 per share.

Premier Energies, a manufacturer of solar cells and panels, will make its debut on the BSE and NSE on September 3. Shares will be credited to investors’ demat accounts by September 2, with the final issue price set at Rs 450 per share.

Ecos India Mobility and Hospitality, a provider of chauffeur-driven car rental services, will finalize the basis of allotment for its IPO shares by September 2. The company’s shares will be listed on the exchanges on September 4.

Trading for Paramatrix Technologies and Aeron Composite shares will begin on the NSE Emerge on September 4. Travels & Rentals will make its debut on the BSE SME on September 5, followed by Boss Packaging Solutions on the NSE Emerge on September 6.

From the SME segment, Indian Phosphate, Vdeal System, and Jay Bee Laminations will be listed on the NSE Emerge on September 3.