There will be a lot of activity in the IPO market in the upcoming trading week starting from September 9. Investors will get a chance to invest in IPOs of 12 companies, whose total value is over $100 million i.e. Rs 8,600 crore. Of these, four will be mainline IPOs, whose shares will be listed on BSE and NSE, while eight IPOs will be related to small and medium enterprises (SMEs). Apart from this, IPOs of a few other companies are also expected, but their dates are yet to be revealed.
They will shine at the motherboard IPO
Talking about motherboard IPOs, IPOs of four companies will hit the market simultaneously. These include Bajaj Housing Finance’s Rs 6,560 crore IPO, Tolins Tyres’ Rs 230 crore IPO, Cross’s Rs 500 crore IPO and PN Gadgil Jewellers’ Rs 1,100 crore IPO. Apart from this, there is a possibility of an IPO of Western Carriers India, but its date is yet to be decided.
The IPO of Bajaj Housing Finance, Tolins Tyres and Cross will open on September 9 and close on September 11, while the IPO of PN Gadgil Jewellers will open on September 10 and close on September 12.
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This is the condition of the grey market
The premium (GMP) on the shares of these companies is also increasing in the grey market. Bajaj Housing Finance shares are trading in the upper IPO price band of Rs 70-51 i.e. 73% of GMP, while Tolins Tyres is trading at 12% and PN Gadgil Jewellers is trading at 73% of GMP.
This is the chronology of the IPO of SMEs
Talking about SME IPOs, next week the IPOs of four SME companies Gajanand International, Share Samadhan, Shubhshree Biofuels Energy and Aditya Ultra Steel will open on September 9 and close on September 11. While the IPOs of Trafficsol ITS Technologies and SPP Polymer will open on September 10 and close on September 13. Apart from this, the IPOs of Innomet Advanced Materials and Excellent Wires and Packaging will be open for investment between September 11 and 13. The IPOs of these companies range between Rs 12 crore and Rs 45 crore.
