Every week, numerous companies release IPOs that attract significant investor interest. This week is no exception, with 13 IPOs, 8 listings, and 5 allotments set to make waves on Dalal Street. Among these, 9 are SME IPOs scheduled for listing on the Mainboard. Here’s what’s coming up:
Mainboard IPOs Launching This Week:
1. Bajaj Housing Finance IPO
The highly anticipated IPO of Bajaj Housing Finance, valued at Rs 6,560 crore, will open for public subscription from September 9-11. The price range is set at Rs 66-70 per share. On Friday, the company raised Rs 1,758 crore from anchor investors.
2. Cross Limited
Jamshedpur-based auto parts manufacturer Cross Limited will also open its IPO from September 9-11. Priced between Rs 228-240 per share, the IPO includes a fresh issue of shares worth Rs 250 crore and an offer for sale (OFS) of up to Rs 250 crore. On Friday, it secured Rs 150 crore from anchor investors.
3. PN Gadgil Jewelers
India’s renowned jewelry retail chain is launching its IPO from September 10-12, priced at Rs 456-480 per share, raising Rs 1,100 crore. Anchor investors will have one day to bid on September 9.
4. Tolin’s Tires
The Kerala-based tire manufacturer Tolin’s Tires will open its Rs 230 crore IPO for public subscription from September 9-11, with shares priced between Rs 215-226. On Friday, it raised Rs 69 crore from anchor investors.
SME IPOs Launching This Week:
1. Aditya Ultra Steel
Opening for subscription from September 9-11, Aditya Ultra Steel’s IPO is valued at approximately Rs 45.88 crore, with a price range of Rs 59-62 per share.
2. Gajanand International
This SME will launch its IPO from September 9-11, aiming to raise Rs 20.65 crore, with shares priced at Rs 36.
3. Shubsree Biofuels Energy
Opening for bidding from September 9-11, Shubsree Biofuels Energy’s IPO is valued at Rs 16.56 crore, with shares priced between Rs 113-119.
Additional SME IPOs this week include Excellent Wires and Packaging, Share Samadhan, Innomet Advanced Materials, Trafiksol ITS Tech, SPP Polymer, and Envirotech Systems Ltd.
Get ready for a bustling week on the stock market with these exciting new listings!