Upcoming IPOs This Week: The Indian primary market has been vibrating this week as investors eagerly anticipate an abundant number of new initial public offerings (IPOs) and listings. Eleven companies are scheduled to list on the exchanges, and ten more are preparing to launch their initial public offerings (IPOs). The recent spike in initial public offerings (IPOs) highlights how active and dynamic our financial environment is, providing market participants with an abundance of investment options.
The coming days will be exciting for investors, as there will be a variety of IPOs scheduled this week. The market is on track for balance, with an equal number of listings and new offerings. Investors have many opportunities to place their money in innovative firms with lots of potential, as eight more IPOs are looking for investors’ attention and another eight will soon be listed. Among the upcoming IPOs, 2 will be mainline, and others will be listed on the SME platform.
Last week was a wonderful week for Broach Lifecare Hospital Limited, Positron Energy Limited, and Sunlite Recycling Industries Limited which gave their investors good returns. This indicates that there is a high demand for quality IPOs, as evidenced by the fact that these companies have made an impressive market debut.
With the rising temperatures in the IPO market, investors have to remain updated and informed on current happenings. This news will discuss about future Initial Public Offerings and provide information to help investors make informed decisions.
The following is a detailed overview of the IPOs that will open and list this week.
New IPO Opening This Week:
The upcoming IPOs that opened this week are as follows:
Indian Phosphate
The IPO for Indian Phosphate may start on 26th August 2024 and might be expected to remain open till 29th August 2024. It is the NSE SME IPO that aims to raise approximately ₹67.36 crores at a price range of ₹94 to ₹99 per share with a market lot of 1200 shares.
Beeline Capital Advisors Pvt Ltd is the lead manager, while Bigshare Services Pvt Ltd is the registrar of the IPO. Indian Phosphate’s GMP is currently around ₹50, following a 50–55% listing gain.
Jay Bee Laminations
Jay Bee Laminations will launch its initial public offering (IPO) on August 27, 2024. The IPO will end on August 29, 2024. The NSE SME IPO aims to raise ₹88.96 crores. Jay Bee Laminations’ IPO price band is fixed at ₹138 to ₹146 per share, with a market lot of 1000 Shares.
Swaraj Shares and Securities Private Limited is the lead manager for this IPO, while Bigshare Services Pvt Ltd will act as the IPO registrar. The IPO’s listing gain is 30-35%, with a current GMP of around ₹45.
Vdeal System
Vdeal System’s IPO is set to open for subscription from August 27 to August 29, 2024. The NSE SME IPO aims to raise around ₹18.08 crores. The IPO price band has been set fixed at ₹112 Per Share per share.
Affinity Global Capital Market Private Limited is the book-running lead manager, and Cameo Corporate Services Limited is the registrar for the IPO.
Paramatrix Technologies
Paramatrix Technologies’ initial public offering (IPO) is expected to start on August 27, 2024, and end on August 30, 2024. It is the NSE SME IPO that aims to raise approximately ₹33.84 crores at a price range fixed at ₹110 Per Share.
Inventure Merchant Banker Services Pvt Ltd is the lead manager, while Bigshare Services Pvt Ltd is the registrar of the IPO.
Premier Energies
Premier Energies’ IPO is set to open for subscription from August 27 to August 29, 2024. The Mainline IPO aims to raise around ₹2,830.40 crores. The IPO price band has been set for ₹427 to ₹450 Per Share.
Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited, and ICICI Securities Limited are the book-running lead managers, and KFin Technologies Limited is the registrar for the IPO. Premier Energies’ GMP is currently around ₹280, following a 60–65% listing gain.
Aeron Composite
Aeron Composite will launch its initial public offering (IPO) on August 28, 2024. The IPO will end on August 30, 2024. The NSE SME IPO aims to raise ₹56.10 crores. Aeron Composite’s IPO price band is fixed at ₹121 to ₹125 Per Share.
Hem Securities Limited is the lead manager for this IPO, while Maashitla Securities Private Limited will act as the IPO registrar.
ECOS Mobility
ECOS Mobility’s initial public offering (IPO) is expected to start on August 28, 2024, and end on August 30, 2024. It is the Mainline IPO that aims to raise approximately ₹601.20 Crores at a price range fixed at ₹318 to ₹334 Per Share.
Equirus Capital Private Limited and Iifl Securities Ltd are the lead managers, while Link Intime India Private Ltd is the registrar of the IPO.
Archit Nuwood
Archit Nuwood’s IPO is set to open for subscription from August 30 to September 3, 2024. The BSE SME IPO aims to raise Approx ₹168.48 Crores. The IPO price band has been set for ₹257 to ₹270 Per Share, with a minimum market lot of 400 shares.
Share India Capital Services Private Limited is the book-running lead manager and Maashitla Securities Pvt. Limited is the registrar for the IPO.
IPO Listing This Week
There is only one IPO listing this week, which is as follows:
Brace Port Logistics
Brace Port Logistics’ IPO allotment was finalized on August 22, 2024, with plans for listing on the NSE SME platform. It is tentatively scheduled for listing on August 26th, 2024. The IPO’s listing gain is 90-95%, with a current GMP of around ₹72.
Forcas Studio
Forcas Studio’s IPO allotment was finalized on Thursday, August 22, 2024. The IPO will be listed on the NSE SME. The IPO’s listing date is August 26, 2024. Its listing gain right now is about 90%, and the grey market premium is between ₹70 and 75.
Interarch Building Products
Interarch Building Products’ IPO allotment was finalized on August 22, 2024, with plans for listing on the Mainline platform. It is tentatively scheduled for August 26th, 2024. The IPO’s listing gain is 40-45%, with a current GMP of around ₹360.
Orient Technologies
The allotment for Orient Technologies’ IPO is expected to be accomplished on Monday, August 26, 2024. The IPO will be listed on the Mainline platform. The approximate date when this IPO will be listed is August 28, 2024. Its listing gain right now is about 34%, and the grey market premium is between ₹70 to 75.
Ideal Technoplast
The Ideal Technoplast’s IPO allotment will be finalized on Monday, August 26, 2024. The IPO will be listed on the NSE SME. The IPO’s listing date is August 28, 2024. Its listing gain right now is about 12%, and the grey market premium is between ₹15 and 20.
QVC Exports
The allotment for QVC Exports’ IPO is expected to be accomplished on Monday, August 26, 2024. The IPO will be listed on NSE SME. The approximate date when this IPO will be listed is August 28, 2024. The IPO’s listing gain is 80-85%, with a current GMP of around ₹70.
Resourceful Automobile
Resourceful Automobile’s IPO allotment will be finalized on August 27, 2024, with plans for listing on the BSE SME platform. The approximate date when this IPO will be listed is August 29, 2024. The IPO’s listing gain is 65-70%, with a current GMP of around ₹80.
Rapid Multimodal
The Rapid Multimodal’s IPO allotment will be finalized on Wednesday, August 28, 2024. The IPO will be listed on the BSE SME. The IPO’s listing date is August 30, 2024.
Note: This news article is created only for educational purposes. It is not meant as an approval or recommendation to invest in any securities. Investors should conduct their own research and get advice from financial advisors before making any investment decisions. Please keep in mind that Grey Market Premium (GMP) values also change on a daily basis depending on market conditions and premiums.
An Initial Public Offer (IPO) is the first sale of shares to the public by a privately owned company. The companies going public raise funds through IPO for working capital, debt repayment, acquisitions, and a host of other uses.
The investor can apply for IPO Stocks in India by filling out an online IPO application offered by the stockbrokers and banks. Brokers offer UPI-based online IPO applications and the banks offer both UPI as well as ASBA IPO applications.
A list of IPOs in 2024 provides details of IPOs that came in the year 2024 at BSE, NSE, BSE SME, and NSE Emerge exchanges. Click on the company name for IPO details, IPO reviews, and analysis, IPO Allotment Status, IPO Bidding Information, Grey Market Premiums of IPO, IPO News, and Performance.
IPO Terms
Issue Size: The total monetary value of the IPO. It is arrived at by multiplying the number of shares offered by the company by the issue price per share.
Exchange: The stock exchange where the IPO shares are proposed to be listed. Mainline IPO’s are listed on BSE and NSE. The SME IPO’s are listed on the NSE EMERGE or BSE SME platform of the respective exchanges.
IPO Open Date / Issue Close Date: The opening and closing date of the IPO bidding process. Investors can apply in an IPO during this time only. Lot Size: The minimum count of shares an investor can apply for in an IPO. A lot size of ‘400’ means that an investor needs to bid for at least 400 shares.
Issue Price: The price per equity share. There are 2 types of IPO’s- Book Building and Fixed Price IPOs. Book Building IPOs will have a price range, say Rs 120-125 and investors need to bid within the price range. Fixed price issue has a specific price to bid.
