As September 2024 unfolds, the Initial Public Offering (IPO) landscape is set to offer a range of exciting opportunities for investors. This month features a diverse slate of companies preparing to go public, from retail giants to precision engineering specialists. In this detailed guide, we’ll delve into the upcoming IPOs, their potential impact, and essential details you need to know.
Highlights
Overview of September 2024’s IPO Scene
September 2024 promises to be a bustling month for IPOs, with several prominent listings across various sectors. Investors can look forward to both high-profile mainboard IPOs and smaller SME offerings. Here’s a comprehensive look at what’s in store:
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Key IPOs Launching in September 2024
A. Baazar Style Retail
- IPO Dates: August 30, 2024 – September 03, 2024
- Issue Size: ₹834.68 Crores
- Price Band: ₹370 – ₹389 per share
- Employee Reservation: Discounted at ₹35 per share
Baazar Style Retail, a notable name in the retail sector, is kicking off the month with its IPO. The company’s offering includes both a fresh issue and an offer for sale, providing investors with an opportunity to buy shares at a competitive price. The IPO has garnered attention due to its substantial size and the attractive employee reservation component. Shares will be listed on September 06, 2024, with a premium of over 32% observed in the grey market.
B. Gala Precision Engineering
- IPO Dates: September 02, 2024 – September 04, 2024
- Issue Size: ₹167.93 Crores
- Price Band: ₹503 – ₹529 per share
Gala Precision Engineering is set to launch its IPO with a focus on precision components used in various engineering applications. The company’s offerings include disc and strip springs, coil and spiral springs, and special fastening solutions. With a strong industrial background and a promising product portfolio, Gala Precision’s IPO is expected to attract significant investor interest. Shares are expected to be allotted on September 05, 2024.
C. Bajaj Housing Finance
- IPO Dates: September 10, 2024 – September 12, 2024 (tentative)
- Issue Size: ₹7,000 Crores
- Price Band: To be announced
Bajaj Housing Finance, one of the largest IPOs of the month, will aim to raise a substantial ₹7,000 Crores through its public offering. The IPO will include both fresh shares and an offer for sale. Major financial institutions such as Kotak Mahindra Capital, BoFA Securities, and Goldman Sachs are managing the issue. With its strong market position and extensive financial services, Bajaj Housing Finance’s IPO is highly anticipated.
Upcoming SME IPOs in September
In addition to the mainboard IPOs, several small and medium-sized enterprises (SMEs) are also making their market debut:
A. Jeyyam Global Foods
- IPO Dates: September 02, 2024 – September 04, 2024
- Issue Size: ₹81.94 Crores
- Price Band: ₹59 – ₹61 per share
Jeyyam Global Foods, focusing on the food and beverage industry, is set to raise ₹81.94 Crores through its IPO. The issue includes both fresh shares and an offer for sale. Shares are expected to list on the NSE SME segment on September 09, 2024.
B. Mach Conferences and Events
- IPO Dates: September 04, 2024 – September 06, 2024
- Issue Size: ₹125.28 Crores
- Price Band: ₹214 – ₹225 per share
Mach Conferences and Events, specializing in event management and conferences, will offer its shares at a price band between ₹214 and ₹225. The IPO is anticipated to attract investors interested in the event and hospitality sectors. Shares will be listed on the BSE SME segment on September 11, 2024.
C. Namo eWaste Management
- IPO Dates: September 04, 2024 – September 06, 2024
- Issue Size: ₹51.20 Crores
- Price Band: ₹80 – ₹85 per share
Namo eWaste Management focuses on waste management solutions. The company plans to raise ₹51.20 Crores through its IPO, which will consist entirely of fresh shares. Shares are expected to be listed on the NSE SME platform on September 11, 2024.
D. My Mudra Fincorp
- IPO Dates: September 05, 2024 – September 09, 2024
- Issue Size: ₹33.26 Crores
- Price Band: ₹104 – ₹110 per share
My Mudra Fincorp, which acts as a channel partner for banks and NBFCs, will offer shares priced between ₹104 and ₹110. The IPO is expected to open for bidding on September 05, 2024, and the shares will be listed on the NSE SME platform from September 12, 2024.
Important IPO Listings in the First Week
- Premier Energies: September 03, 2024
Premier Energies will debut on the stock market with shares commanding a premium of over 92% in the grey market. - Ecos Mobility: September 04, 2024
Ecos Mobility shares were fetching a premium of over 40% in the grey market before their listing.
Key Takeaways for Investors
As you prepare to invest in the upcoming IPOs, consider these key points:
- Research Thoroughly: Examine each company’s prospectus, financial health, and industry position before investing.
- Monitor Market Trends: Keep an eye on the grey market premiums and overall market conditions.
- Diversify Investments: Spread your investments across different IPOs to manage risk effectively.
September 2024 is set to be a dynamic month for IPOs, offering a range of investment opportunities across different sectors. By staying informed and strategic, investors can navigate the IPO landscape effectively and make the most of the opportunities presented.
Frequently Asked Questions (FAQs)
Q1: What is an IPO?
An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time. It allows the company to raise capital from public investors.
Q2: How can I apply for an IPO?
To apply for an IPO, you need a brokerage account. You can submit an application during the IPO subscription period through your broker or online trading platform.
Q3: What should I look for before investing in an IPO?
Before investing, review the company’s financial performance, business model, growth prospects, and the terms of the IPO. Consider seeking advice from financial experts.
Q4: What are SME IPOs?
SME IPOs are offerings from small and medium-sized enterprises, typically with smaller issue sizes compared to mainboard IPOs. They are listed on specialized SME platforms.
Q5: How do I track the performance of IPOs?
You can track IPO performance through financial news websites, stock market apps, and brokerage platforms. The grey market premium and post-listing performance provide insights into an IPO’s market reception.
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