The Indian stock market is buzzing with excitement as several high-profile IPOs are set to launch in the first week of September 2024. Investors are eager to explore new investment opportunities with five upcoming IPOs, four of which are SME IPOs and one listed on the mainboard. Additionally, ten IPOs are scheduled for listing this week, making it an active period for the market.
This article provides a detailed overview of the IPOs opening this week and their key details, including price bands, subscription dates, and expected listing gains. Whether you’re a seasoned investor or just starting, this guide will help you make informed decisions.
New IPOs Opening This Week
The first week of September 2024 brings a diverse range of IPOs, offering investors multiple choices. Below is a breakdown of the upcoming IPOs:
| IPO Name | Open Date | Close Date | Issue Size (₹ Crores) | Price Band (₹) | Expected Listing Gain | Platform |
|---|---|---|---|---|---|---|
| Gala Precision Engineering | 2nd Sept | 4th Sept | 167.93 | 503-529 | 35-40% | Mainboard |
| Jeyyam Global Foods | 2nd Sept | 4th Sept | 81.94 | 59-61 | Not Available | NSE SME |
| Mach Conferences | 4th Sept | 6th Sept | 125.28 | 214-225 | 44% | BSE SME |
| Namo eWaste | 4th Sept | 6th Sept | 61.25 | 80-85 | 55-60% | NSE SME |
| My Mudra Fincorp | 5th Sept | 9th Sept | 33.26 | 104-110 | Not Available | NSE SME |
Gala Precision Engineering IPO
Gala Precision Engineering is a mainline IPO set to open for subscription on September 2nd, 2024, and will close on September 4th, 2024. The company aims to raise approximately ₹167.93 Crores with a price band ranging from ₹503 to ₹529 per share. Investors are looking at an expected listing gain of 35-40%. The Grey Market Premium (GMP) for this IPO is currently around ₹200.
For more details, you can visit the Gala Precision Engineering IPO page.
Jeyyam Global Foods IPO
The Jeyyam Global Foods IPO is an NSE SME IPO with a target to raise approximately ₹81.94 Crores. The IPO will be available for subscription from September 2nd to September 4th, 2024. The price band is set at ₹59 to ₹61 per share. This IPO is managed by KFin Technologies Limited and Corpwis Advisors Private Limited.
For more information, check out the Jeyyam Global Foods IPO page.
Mach Conferences IPO
Scheduled to open on September 4th, 2024, and close on September 6th, 2024, the Mach Conferences IPO will be listed on the BSE SME platform. The company is aiming to raise ₹125.28 Crores with a price band of ₹214 to ₹225 per share. The GMP for this IPO is around ₹100, with an expected listing gain of 44%.
Explore more details on the Mach Conferences IPO page.
Namo eWaste IPO
The Namo eWaste IPO is another NSE SME IPO, set to open on September 4th, 2024, and close on September 6th, 2024. The company plans to raise approximately ₹61.25 Crores with a price band of ₹80 to ₹85 per share. The IPO is anticipated to provide a listing gain of 55-60%, with a current GMP of ₹50.
Further details can be found on the Namo eWaste IPO page.
My Mudra Fincorp IPO
The My Mudra Fincorp IPO is set to open on September 5th, 2024, and will remain open until September 9th, 2024. It is listed on the NSE SME platform with a total issue size of ₹33.26 Crores. The price band for this IPO is set between ₹104 to ₹110 per share.
For more insights, visit the My Mudra Fincorp IPO page.
IPO Listings This Week
In addition to the IPOs opening for subscription, ten companies are scheduled for listing on the exchanges this week. Here’s an overview of the upcoming listings:
| IPO Name | Listing Date | GMP (₹) | Expected Listing Gain | Platform |
|---|---|---|---|---|
| Indian Phosphate | 3rd Sept | 90 | 90% | NSE SME |
| Vdeal System | 3rd Sept | 30 | 25-30% | NSE SME |
| Jay Bee Laminations | 3rd Sept | 90 | 60-65% | NSE SME |
| Premier Energies | 3rd Sept | 450 | 95-100% | Mainboard |
| Paramatrix Technologies | 4th Sept | Not Available | Not Available | NSE SME |
| Aeron Composite | 4th Sept | Not Available | Not Available | NSE SME |
| ECOS Mobility | 4th Sept | 160 | 45-50% | Mainboard |
| Travels & Rentals | 5th Sept | 13-17 | 35% | BSE SME |
| Baazar Style Retail | 6th Sept | 125 | 30-35% | Mainboard |
| Boss Packaging Solutions | 6th Sept | Not Available | Not Available | NSE SME |
Indian Phosphate IPO Listing
The Indian Phosphate IPO will list on September 3rd, 2024, on the NSE SME platform. With a GMP of ₹90, the expected listing gain is around 90%.
For more detailed information, check out the Indian Phosphate IPO page.
Premier Energies IPO Listing
The Premier Energies IPO is another highly anticipated listing scheduled for September 3rd, 2024. It will be listed on the mainboard with an expected listing gain of 95-100% and a GMP of approximately ₹450.
Find more information on the Premier Energies IPO page.
Paramatrix Technologies IPO Listing
The Paramatrix Technologies IPO will be listed on the NSE SME platform on September 4th, 2024.
For more details, visit the Paramatrix Technologies IPO page.
Investment Opportunities in New IPOs This Week
With multiple IPOs opening and listing this week, investors have a plethora of choices to consider. From SME IPOs like Namo eWaste and Jeyyam Global Foods to mainline IPOs like Gala Precision Engineering and Premier Energies, the market offers diverse opportunities for different types of investors.
Grey Market Premium (GMP) Overview
The Grey Market Premium (GMP) plays a crucial role in determining the expected listing gains of an IPO. It reflects the market sentiment and investor demand. For instance, the Premier Energies IPO currently has a GMP of ₹450, indicating strong investor interest. Similarly, the Gala Precision Engineering IPO has a GMP of ₹200, suggesting a positive market response.
FAQs About Upcoming IPOs
Q1: What is an IPO?
A1: An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time to raise capital.
Q2: How can I invest in an IPO?
A2: You can invest in an IPO through a brokerage account by applying for shares during the subscription period. Make sure to do your research and consult with a financial advisor before investing.
Q4: How is the IPO price band decided?
A4: The IPO price band is determined by the company and its underwriters based on factors like market conditions, investor interest, the company’s financial health, and its future growth prospects. The price band provides a range within which investors can bid for shares.
Q5: What is the difference between SME IPOs and Mainboard IPOs?
A5: SME IPOs are for smaller companies and are listed on the SME (Small and Medium Enterprises) platform, whereas Mainboard IPOs are for larger companies and are listed on the main stock exchanges like NSE or BSE. SME IPOs typically have lower issue sizes and may carry higher risks compared to Mainboard IPOs.
Q6: When will I know the allotment status of an IPO?
A6: The allotment status is usually announced a few days after the IPO closes. You can check the status on the official registrar’s website or through the stock exchange’s portal.
Q7: What should I consider before investing in an IPO?
A7: Before investing in an IPO, consider the company’s financial performance, business model, industry outlook, management team, and the risks involved. It’s also important to review the IPO prospectus and consult with a financial advisor.
Q8: Can I sell my IPO shares immediately after listing?
A8: Yes, once the shares are listed on the exchange, you can sell them anytime during trading hours. However, it’s advisable to have a strategy in place, whether you’re looking for short-term gains or long-term investment.
Conclusion
The first week of September 2024 is shaping up to be a busy period for the Indian stock market with several new IPOs and listings on the horizon. Investors have a range of opportunities, from SME IPOs like Namo eWaste and Jeyyam Global Foods to mainline IPOs such as Gala Precision Engineering.
With the Grey Market Premium (GMP) providing insights into expected listing gains, and various IPOs catering to different investor profiles, this week offers multiple avenues for growth. Whether you’re looking to invest in a company with strong growth prospects or aiming for short-term gains, the upcoming IPOs provide a diverse set of opportunities.
As always, it’s crucial to do thorough research and consider all factors before making any investment decisions. Happy investing!
