With the start of a new month, there are 6 IPO that are opening in September 2024 first week itself that you must focus on if you are interested in IPO investing especially.
From the 6 IPO 3 are the major IPO that will hit the stock market in the first week of September 2024 while other 3 are Small Medium Enterprises (SME) IPO.
We have prepared a list for you so that you can have a brief overview about all the IPO, Date of Opening, Closing Date, Price Band
Bazaar Style Retail Limited IPO
Bazaar Style Retail Limited IPO backed by Rekha Jhunjhunwala (Wife of Rakesh Jhunjhunwala) went live on August 30th and it’s IPO will close on 3rd of September.
The price band of this IPO is between ₹370-₹389 and the company aims to raise ₹835 crore through this initial public offering (IPO) from which they wanted to raise ₹148 crore via fresh while the rest ₹686.68 will be available for offer for sale (OFS) with face value of ₹5 each equity share.
The Bazaar Style Retail Limited IPO gained a lot of traction due to some renowned name connected with the company like Rekha Jhunjhunwala, offloading her share in the company.
For complete information regarding Bazaar Style Retail Limited IPO refer to their DRHP.
Bajaj Housing Finance Limited IPO
Bajaj Housing Finance IPO is the most awaited IPO of the week and month of September. Part of Bajaj Group and promoted by Bajaj Finserv and Bajaj Finance, provides the financing solution to individuals and corporate for buying and renovating properties.
Bajaj Housing Finance IPO is opening on 9th of September and it’s IPO will close on 11th of September.
Currently, it’s price band is not disclosed by the company but it’s grey market premium jumped to ₹65 per share.
Checkout the complete information about Bajaj Housing Finance IPO
Gala Precision Engineering IPO
Gala Precision Engineering IPO is opening on 2nd of September and will close on 4th of September. It’s allotment will be finalised on 5th of September and will going to be list on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 9th of September 2024.
Gala Precision Engineering is a manufacture of precision components like disc and strips strings, coil and spiral springs (CSS), and special fastening solutions (SFS), etc. and supplying to original equipment manufacturers (OEM’s).
Their Products are used in the multiple industries like renewable energy, railways, automobiles, off highway vehicles, heavy machinery, electrical and power equipments.
Gala Precision Engineering IPO price band is set at ₹503 to ₹529 per share and it’s initial public offer is offering up to 3,174,416 equity shares at face value of ₹10 each.
For complete information regarding Gala Precision Engineering IPO refer to their DRHP.
Upcoming SME IPO In First Week of September
Other then the above three big IPO in the first week of September (From 2nd September 2024 to 9th September 2024), few small medium Enterprises IPO are going to go live.
Here is the list of Upcoming SME IPO in September:-
Jeyyam Global Foods IPO
Jeyyam Global Foods was established on 24th of March 2008 and is involved for more then 15 years in food industry, specialising in manufacturing and processing and supply of Bengal Gram (Chana), Fried Gram, and Besan Flour to wide variety of market like Distributors, Large Retailers, Hotels, Restaurants, Caterers, Branded Supermarkets and Wholesalers.
The Company is planning to enter in the B2C business of spices and masala, ready to cook and ready to eat foods, salt, sugar, soya and vermicelli, among others.
Jeyyam Global Foods IPO will open on September 2nd, 2024 and closes on September 4th, 2024 in order to raise ₹81.94 crores (via Fresh issue ₹73.74 crores & ₹8.19 crores via offer for sale).
Jeyyam Global Foods IPO will list on NSE SME on Monday, 9th of September, 2024.
The company will going to use the funds raised via IPO for meeting working capital requirement, capital expenditures & some unforeseen future expenses to keep running the processes smoothly.
For complete information regarding Jeyyam Global Foods IPO refer to their DRHP.
Namo eWaste Management IPO
Namo eWaste Management Limited was founded in 2014 and provides services of waste management from the collection, disposal, and recycling of e-waste.
Namo eWaste Management IPO will open on 4th of September, 2024 and closes on 6th of September, 2024.
The company is looking to raise 51.20 crores via fresh issue & the Namo eWaste Management stock will list on NSE SME on Wednesday 11th of September, 2024.
Namo eWaste Management IPO price band is set at ₹80-₹85 per share with a face value of ₹10 each share.
For more information regarding the Namo eWaste Management IPO refer to their DRHP.
My Mudra Fincorp IPO
My Mudra Fincorp IPO is last in our list. The company was founded in 2013 and working as a direct selling agent (DSA) for providing clients and selling products of major banks and NBFC like providing secured loans for home and unsecured loans for business and personal purpose, offering credit cards and insurance products too.
My Mudra Fincorp IPO will open on 5th of September, 2024 and closes on 9th of September, 2024.
The company is looking to raise 33.26 crore in IPO entirely via fresh issue. The net proceeds will be used for repayment of borrowing, capital expenditures, general corporate purpose.
My Mudra Fincorp IPO will list on NSE SME on Wednesday 12th of September, 2024.
For more information regarding the My Mudra Fincorp IPO refer to their DRHP.
Disclaimer: The Honest American provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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