This week is seen as the biggest for initial public offerings in years. As many as 16 IPOs aiming to raise nearly Rs 9,000 crore in the market in the ongoing week will provide investors on Dalal Street a wide array of options to put their money for better growth.
Of the total, 12 of the IPOs will open and close during the week.
Also, among these 16 IPOs, five are mainboard while 11 others are SME (small and medium enterprises) offerings.
Here’s a look at IPOs that will remain open for subscription this week:
1 – Among these public offers, the biggest – in terms of size (money to be raised) – is Bajaj Housing Finance Ltd (BHFL). The BHFL IPO opens for subscription on September 9 and closes on September 11. The company aims to raise Rs 6,560 crore through the offer. The price band for the BHFL IPO has been fixed at Rs 66 to 70 per share. Investors can apply for a minimum of 214 equity shares in one lot and its multiples thereafter.
2 – The next big IPO, in terms of size, is from P N Gadgil Jewellers which will open for subscription on September 10 and close on September 12. The P N Gadgil Jewellers IPO aims to raise Rs 1,100 crore. The price band for the P N Gadgil Jewellers IPO has been set between Rs 456 and Rs 480 per share.
3 – The IPO of Kross Ltd opens for subscription from September 9 and concludes on September 11. Through IPO, Kross Ltd aims to raise about Rs 500. The Jamshedpur-based auto parts manufacturing company has set a price band of Rs 228 to Rs 240 per share, where investors can bid for 62 equity shares in one lot and in multiples thereof.
4 – Kerala-based Tolins Tyres IPO opens for subscription on September 9 and will close on September 11. It aims to raise Rs 230 crore. The price band for the Tolins Tyres IPO has been set between Rs 215 and Rs 226 per share.
5 – Shree Tirupati Balajee IPO issue ends on September 9 and the allotment is expected to finalised on Tuesday (September 10). Through the public offering the company aims to raise Rs 169.65 crore. The price band for the IPO has been set between Rs 78 and Rs 83 per share.
6 – Gajanand International IPO subscription begins from September 9 and will close on September 11. It is a fixed-price offering valued at Rs 20.65 crore. The Gajanand International IPO’s price is set at Rs 36 per share.
7 – The Share Samadhan IPO also opens for subscription from September 9 and will close on September 11. It aims to raise Rs 24.06 crores. The price band for the Share Samadhan IPO is set between Rs 70 and Rs 74 per share.
8 – The Shubhshree Biofuels Energy IPO opens for subscription on September 9 and closes on September 11. The IPO, totaling Rs 16.56 crore, is a book-built issue comprising a fresh issue of 13.92 lakh shares. The price band of Shubhshree Biofuels Energy IPO has been set between Rs 113 and Rs 119 per share. Investors can bid for a minimum of 1,200 shares.
9 – The Aditya Ultra Steel IPO opens for subscription on September 9 and will close on September 11. This IPO is a book-built issue amounting to Rs 45.88 crores, with a total of 74 lakh new shares being offered. The price band for the Aditya Ultra Steel IPO has been set at Rs 59 to Rs 62 per share.
10 – The Trafiksol ITS Technologies IPO opens for subscription from September 10 to September 12. This company aims to raise Rs 44.87 crore via public offering. The Trafiksol ITS Technologies price band has been fixed at Rs 66 and Rs 70 per share with a market lot of 2,000 shares.
11 – The SPP Polymers IPO subscription begins on September 10 and will close on September 12. This IPO is a fixed-price offering amounting to Rs 24.49 crores, consisting entirely of a fresh issuance of 41.5 lakh shares. The price band for the SPP Polymers IPO is set at Rs 59 per share.
12 – The Innomet Advanced Materials IPO’s subscription starts from September 11 and will conclude on September 13. This IPO is a fixed-price offering valued at Rs 34.24 crores. Innomet Advanced Materials IPO price is Rs 100 per share. The minimum lot size for an application is 1,200 shares.
13 – The Excellent Wires and Packaging IPO will open for subscription on September 11 and close on September 13. This fixed price issue is valued at Rs 12.60 crore. Excellent Wires and Packaging IPO price is Rs 90 per share. The minimum lot size for an application is 1,600 shares.
14 – The Envirotech Systems IPO opens for subscription on September 13 and closes on September 17. It aims to raise Rs 30.24 crore from the public offering. The Envirotech Systems IPO price band is set at Rs 53 to Rs 56 per share. The minimum lot size for an application is 2,000 shares.
15 – My Mudra Fincorp IPO subscription closes on September 9. The company aims to raise Rs 33.26 crores through the public offering. The My Mudra Fincorp IPO price band is fixed at Rs 104 to Rs 110 per share. The minimum lot size for an application is 1,200 shares.
16 – The Vision Infra Equipment Solutions IPO subscription closes on September 10. The company aims to raise Rs 106.21 crores through the IPO. The Vision Infra Equipment Solutions IPO price band is set at Rs 155 to Rs 163 per share. The minimum lot size for an application is 800 shares.
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