Upcoming IPOs This Week: 1 Mainboard & 5 SME Public Issues To Open; 11 New Listings On The Charts

The Indian IPO market is currently experiencing a surge, fueled by positive market sentiment and a robust macroeconomic environment. This buoyant phase has led to a flurry of activity, with six companies gearing up to launch their Initial Public Offerings (IPOs) in the coming week. These include one major IPO on the mainboard and five smaller ones in the SME (Small and Medium Enterprises) segment.

Gala Precision Engineering IPO

The Gala Precision Engineering IPO is set to be the main highlight of the week. Opening for subscription on September 2, this IPO marks the company's ambitious plan to expand its operations and strengthen its market position. The IPO is a book-built issue amounting to Rs 167.93 crore, comprising a fresh issue of 0.26 crore shares totalling Rs 135.34 crore, and an offer for sale of 0.06 crore shares worth Rs 32.59 crore.

Investors can expect to participate within a price band of Rs 503 to Rs 529 per share. The company has appointed PL Capital Markets Private Limited as the book-running lead manager, with Link Intime India Private Ltd serving as the registrar. Gala Precision Engineering is known for its high-quality engineered products, and this IPO is expected to generate considerable interest.

Baazar Style Retail IPO

The ongoing Baazar Style Retail IPO, which opened on August 30, is another significant offering in the mainboard segment. This IPO is valued at Rs 834.68 crore and includes a fresh issue of 0.38 crore shares worth Rs 148.00 crore, along with an offer for the sale of 1.77 crore shares totalling Rs 686.68 crore. The subscription for this IPO will close on September 3, and the price band is set between Rs 370 and Rs 389 per share.

Baazar Style Retail operates in the highly competitive retail sector, and this IPO is expected to draw attention due to the company's expansive store network and strong revenue growth in recent years. Axis Capital Limited, Intensive Fiscal Services Private Limited, and JM Financial Limited are the book-running lead managers, with Link Intime India Private Ltd handling the registrar duties.

SME Segment IPOs

The SME segment is also witnessing a surge in IPO activity, with five companies set to open their offerings for subscription. These include Jeyyam Global Foods, Naturewings Holidays, Namo eWaste Management, Mach Conferences and Events, and My Mudra Fincorp. Let's take a closer look at each of these offerings.

Jeyyam Global Foods IPO

Opening on September 2 and closing on September 4, the Jeyyam Global Foods IPO is a book-built issue amounting to Rs 81.94 crore. This includes a fresh issue of 120.89 lakh shares worth Rs 73.74 crore, alongside an offer for the sale of 13.43 lakh shares totalling Rs 8.19 crore. The price band for this IPO is set between Rs 59 and Rs 61 per share. With Corpwis Advisors Private Limited acting as the book-running lead manager and Kfin Technologies Limited serving as the registrar, Jeyyam Global Foods is aiming to leverage the IPO proceeds for expansion and working capital needs.

Naturewings Holidays IPO

Set to open on September 3 and close on September 5, the Naturewings Holidays IPO is a fixed price issue totalling Rs 7.03 crore. This IPO consists entirely of a fresh issue of 9.5 lakh shares priced at Rs 74 per share. Naturewings Holidays, which operates in the travel and tourism sector, aims to utilize the funds to enhance its service offerings and expand its market presence. Fedex Securities Pvt Ltd is the book-running lead manager, and Bigshare Services Pvt Ltd is the registrar for this issue.

Namo eWaste Management IPO

Namo eWaste Management is scheduled to open its IPO on September 4, with the subscription window closing on September 6. This book-built issue is valued at Rs 51.20 crore, comprising a fresh issue of 60.24 lakh shares. The price band for this IPO is set between Rs 80 and Rs 85 per share. Hem Securities Limited is managing the issue, with Maashitla Securities Private Limited serving as the registrar. Namo eWaste Management operates in the growing e-waste recycling industry, and the IPO proceeds will be directed towards business expansion and technological upgrades.

Mach Conferences and Events IPO

Mach Conferences and Events is set to launch its IPO on September 4, with the offering closing on September 6. This IPO is a book-built issue valued at Rs 125.28 crore, consisting of a fresh issue of 22.29 lakh shares totalling Rs 50.15 crore, and an offer for sale of 33.39 lakh shares amounting to Rs 75.13 crore. The price band for this offering is set between Rs 214 and Rs 225 per share. The company plans to use the funds to strengthen its event management capabilities and expand its service portfolio. Beeline Capital Advisors Pvt Ltd is the lead manager, and Skyline Financial Services Private Ltd is the registrar.

My Mudra Fincorp IPO

The final IPO in the SME segment for the week is My Mudra Fincorp, which will open for subscription on September 5 and close on September 9. This IPO is a book-built issue valued at Rs 33.26 crore, consisting entirely of a fresh issue of 30.24 lakh shares. The price band for this offering is set between Rs 104 and Rs 110 per share. My Mudra Fincorp is a non-banking financial company (NBFC) focusing on microfinance, and the IPO proceeds are intended for portfolio expansion and enhancing operational efficiencies. Hem Securities Limited is the book-running lead manager, with Skyline Financial Services Private Ltd as the registrar.

New Listings

Alongside the upcoming IPOs, several companies are gearing up for their market debut following the completion of their IPO allotments. The Premier Energies IPO, which concluded its allotment process on August 30, is set to list on the BSE and NSE on September 3. Similarly, the ECOS Mobility IPO is expected to debut on September 4, following its allotment on September 2.

Other notable listings include the Baazar Style Retail IPO on September 6, the Indian Phosphate IPO on September 3, and several SMEs like Vdeal System, Jay Bee Laminations, Paramatrix Technologies, Aeron Composite, and Travels & Rentals, all set to list on the NSE SME or BSE SME platforms during the week.

The upcoming week promises to be a bustling period for the Indian IPO market, with an array of companies from different sectors seeking to tap into public funding. The mainboard IPOs of Gala Precision Engineering and Baazar Style Retail are likely to attract significant attention, while the SME segment offers exciting opportunities for investors looking to diversify their portfolios.