Upcoming IPOs in September 2024: From Baazar Style Retail to Gala Precision Engineering – IPO News

In the first week of September, there are three IPOs to bid for. The biggest of these three is Bajaj Housing Finance. All three IPOs will raise a total of Rs 8002.61 crore. Meanwhile, in the SME segment, there are four IPOs in the pipeline. 

Upcoming IPOs in the First Week of September 2024

Baazar Style Retail

The company opened to investors for bidding on August 30 and will be raising a sum of Rs 834.68 crore. The issue will stop taking bids on September 03. The company’s IPO has two components fresh issue and offer for sale. Bazaar Style Retail kept the IPO price band in a range of Rs 370 to Rs 389 per equity share. The issue also has an employee reservation of 28,248, which is available to them at a discount of Rs 35 per equity share. 

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Gala Precision Engineering

The will be opening its issue to investors for bidding on September 02 to raise a sum of Rs 167.93 crore. The IPO has two components: fresh issue and offer for sale. The issue will close on September 04. The allotment of the shares is expected to be finalised on September 05. Gala Precision kept the price band in a range of Rs 503 to Rs 529 per equity share. The company is a manufacturer of precision components such as disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS), which it supplies to OEMs. 

Bajaj Housing Finance

The book-built issue of Bajaj Housing Finance is of Rs 7,000 crore. The company will be raising money through fresh shares as well as an offer for sale. However, the price band and dates are yet to be announced. Kotak Mahindra Capital Company, BoFA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial, and IIFL Securities are the book-running lead managers of the Bajaj Housing Finance IPO, while Kfin Technologies is the registrar for the issue.

Upcoming SME IPOs in first week of September

Jeyyam Global Foods 

The SME company wants to raise a sum of Rs 81.94 crore through fresh shares and an offer for sale. The will open for subscription on September 02 for bidding and close on September 04. The stocks will be listed on the NSE SME segment on September 09. The company kept the IPO price band between Rs 59 to Rs 61 per equity share. 

Mach Conferences and Events 

The SME company will open its IPO to investors on September 04 to raise a total of Rs 125.28 crore through a combination of fresh issue and an offer for sale. The shares of the company will hit the BSE SME segment on September 11, as per the tentative schedule. Mach Conferences has kept the IPO price band in a range of Rs 214 ot Rs 225 per equity share. 

Namo eWaste Management 

The company’s IPO is a book-built issue of Rs 51.20 crore, which will be launched on September 04 and close on September 06. The IPO is entirely of fresh shares. The allotment for the Namo eWaste Management IPO is expected to be finalised on September 9. The shares will hit the NSE SME platform on September 11, as per the tentative schedule. The company kept the IPO price band in a range of Rs 80 to Rs 85 per equity share. 

My Mudra Fincorp

The SME company acts as a channel partner (DSA) for major banks and NBFCs in India. It wants to raise Rs 33.26 crore from the primary market by selling entirely fresh shares of the company. The IPO will open for bidding on September 05 and stop taking bids on September 09. The SME company will start trading on D-Street on the NSE SME platform from September 12, as per the tentative schedule. My Mudra Fincorp set the IPO price band between Rs 104 to Rs 110 per equity share, in which the minimum investment requirement is Rs 1,32,000. 

Listings in first week of September

Mainline IPOs Listing

Premier Energies will be trading on Dalal Street on September 03. In the grey market, the stocks of the company were commanding a premium of more than 92%. 

On the very next, September 04, Ecos Mobility will be available to traders in the secondary market. The shares of ECO Mobility were fetching a premium of over 40% in the grey market. 

The weekend will be cheered by the Baazar Style Retail as the company will hit the benchmark bourses on Friday, September 06. In the grey market, the shares of Baazar Retail were attracting a premium of a bit over 32%.