New Delhi, 01 September: In the first week of September itself, the domestic stock market is going to be very buzzing due to new Initial Public Offerings (IPOs) and new listings. In the first week itself, IPOs of 5 companies are going to open, while shares of 10 companies are going to enter the domestic market.
The IPO of precision component manufacturing company Gala Precision Engineering is going to open for subscription tomorrow. Applications can be made under this IPO till 04 September. Under this IPO, new shares worth Rs 135.34 crore will be issued. The price band for the IPO has been fixed from Rs 503 to Rs 529. The allotment of the company’s shares will be done on 05 September. After allotment, it will enter the Bombay Stock Exchange and National Stock Exchange on 09 September.
Similarly, the IPO of Jayem Global Foods will open for subscription tomorrow. Applications can be made under this IPO till September 4. New shares worth Rs 73.54 crore will be issued through the IPO. The price band for this has been fixed from Rs 59 to Rs 61. After the allotment of shares on September 5, it will be entered on the SME platform of the National Stock Exchange on September 9.
Similarly, the IPO of Match Conferences and Events will open for subscription from September 4 to September 6. New shares worth Rs 50.15 crore will be issued under this IPO. The price band of the IPO has been fixed from Rs 214 to Rs 225. The allotment of shares by the company will be done on September 9, while it will be listed on the SME platform of Bombay Stock Exchange on September 11.
On September 4 itself, the IPO of Namo E-Waste Management worth Rs 51.20 crore will open for subscription. Applications for this IPO can be made till September 06. The price band of this IPO has been fixed from Rs 80 to Rs 85. The company will allot shares on September 9. After this, the company’s shares will be listed on the SME platform of the National Stock Exchange on September 11.
Apart from this, the IPO of My Mundhra Fincorp will open on September 05. Applications for this IPO of Rs 33.26 crore can be made till September 09. The price band for the IPO has been fixed from Rs 104 to Rs 110. The company’s shares will be allotted on September 10. After this, it will be listed on the SME platform of the National Stock Exchange on September 12.
During the business week starting tomorrow, 10 companies are going to enter the domestic stock market. Among these, Premier Energies will be listed on September 03. Similarly, Eco Mobility will be listed on September 04 and Bazaar Style Retail will be listed on September 06. All three are mainboard IPOs. Meaning these shares will be listed on both Bombay Stock Exchange and National Stock Exchange. Apart from this, shares of 07 companies will be listed on SME platform.
