IPO Frenzy: 13 Issues to Hit D-Street This Week, Raising ₹8,644 Crore
Investors can look forward to investing in Bajaj Housing Finance, P N Gadgil Jewellers, and Kross Limited, among other mainboard issues, along with 9 SME IPOs.
IpoBajaj Housing FinanceP N Gadgil JewellersKross LimitedTolins TyresSme IposStock MarketInvestmentReal Estate NewsSep 08, 2024
The firms are looking to capitalize on strong investor sentiment, especially after a robust August month for fundraising in the capital markets.
Bajaj Housing Finance's ₹6,560-crore IPO will be open for public subscription during September 9-11, with a price band of ₹66-70 per share. The company collected ₹1,758 crore from anchor investors on Friday.
Kross Ltd's public issue will also be open for public subscription during September 9-11, with a price band of ₹228-240 per share. The IPO is a combination of a fresh issue of equity shares worth ₹250 crore and an Offer for Sale (OFS) of up to another ₹250 crore by the promoters. The company mobilized ₹150 crore from anchor investors on Friday.
P N Gadgil Jewellers' ₹1,100-crore IPO will be open for public subscription during September 10-12, with a price band of ₹456-480 per share. The bidding for anchor investors will open for a day on September 9.
Tolins Tyres' ₹230-crore IPO will be open for public subscription during September 9-11, with a price band of ₹215-226 per share. The company mopped up ₹69 crore from anchor investors on Friday.
In addition to these mainboard issues, 9 SME IPOs will also be open for public subscription this week. These include Aditya Ultra Steel, Gajanand International, Shubhshree Biofuels Energy, Excellent Wires and Packaging, Share Samadhan, Innomet Advanced Materials, Trafiksol ITS Tech, SPP Polymer, and Envirotech Systems Ltd.
The SME IPOs will be listed on the stock exchanges during the week, with Gala Precision Engineering, Jeyyam Global Foods, NatureWings Holidays, Mach Conference and Events, Namo eWaste Management, and My Mudra Fincorp set to make their debut.
The mainboard IPOs will also see new listings, with Shree Tirupati Balajee and Vision Infra Equipment Solutions set to list on September 12 and 13, respectively.
The allotment of shares for several IPOs will also take place this week, including Mach Conference and Events, Namo eWaste Management, My Mudra Fincorp, Shree Tirupati Balajee, and Vision Infra Equipment Solutions.
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Frequently Asked Questions
What is the price band for Bajaj Housing Finance's IPO?
The price band for Bajaj Housing Finance's IPO is ₹66-70 per share.
How much will Kross Ltd raise through its IPO?
Kross Ltd will raise ₹250 crore through its IPO, which is a combination of a fresh issue of equity shares and an Offer for Sale (OFS) by the promoters.
What is the listing date for Shree Tirupati Balajee's IPO?
Shree Tirupati Balajee's IPO will list on September 12.
How many SME IPOs will be open for public subscription this week?
9 SME IPOs will be open for public subscription this week.
What is the allotment date for My Mudra Fincorp's IPO?
The allotment date for My Mudra Fincorp's IPO is September 10.
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