Have you been keeping track of the IPO allotments and upcoming IPOs this week? It will be a busy week for investors, featuring some highly anticipated names such as Bajaj Housing Finance, Kross Limited, and Tolins Tyres hitting the market. This week’s lineup includes 13 upcoming IPOs, with eight listings and five major allotments. This comes after a strong August for fundraising.
Let’s take a look at all the details on these upcoming IPOs and some of the upcoming listings this week.
Upcoming IPOs This Week
This week, we’re seeing some major mainboard IPO companies. These include Bajaj Housing Finance, P N Gadgil Jewellers, Tolins Tyres and Kross Limited stepping into the spotlight.
List of Upcoming IPOs- Mainboard
| Company | Subscription Dates | Price Band (Rs) |
| Bajaj Housing Finance | September 9-11 | 66-70 |
| Kross Ltd | September 9-11 | 228-240 |
| P N Gadgil Jewellers | September 10-12 | 456-480 |
| Tolins Tyres | September 9-11 | 215-226 |
Know the difference- Bajaj Finserv vs Bajaj Finance!
Bajaj Housing Finance IPO Details
Bajaj Housing Finance is launching an IPO worth Rs 6,560 crores. It includes a fresh issue of 50.86 crore shares for Rs 3,560 crores and an offer for sale of 42.86 crore shares for Rs 3,000 crores.
- Open Date: September 9, 2024
- Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price Band: ₹66 to ₹70 per share
- Minimum Lot Size: 214 shares
The IPO will be listed on BSE and NSE
Bajaj Housing Finance Limited (BHFL) is headquartered in Pune. It offers financing solutions for individuals and corporate entities. They provide loans for purchasing and renovating homes or commercial spaces. You can also take loans against property for business or personal needs.
Kross Ltd IPO
This Jamshedpur-based auto parts manufacturer’s Kross IPO is an issue of Rs 500 crores. It consists of a fresh issue of 1.04 crore shares for Rs 250 crore and an offer for sale of 1.04 crore shares for Rs 250 crore.
- Open Date: September 9, 2024
- Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price Band: ₹228 to ₹240 per share
- Minimum Lot Size: 62 shares
Kfin Technologies Limited is the registrar for the issue.
P N Gadgil Jewellers IPO
P N Gadgil Jewellers is launching an IPO worth Rs 1,100 crores. It includes a fresh issue of 1.77 crore shares for Rs 850 crore and an offer for sale of 0.52 crore shares for Rs 250 crore.
- Open Date: September 10, 2024
- Close Date: September 12, 2024
- Allotment Date: September 13, 2024
- Listing Date: September 17, 2024
- Price Band: ₹456 to ₹480 per share
- Minimum Lot Size: 31 shares
Founded in 2013, P N Gadgil Jewellers offers a wide range of jewellery products. Their brand “PNG” includes gold, silver, platinum, and diamond jewellery.
Tolins Tyres IPO
This Kerala-based tyre manufacturer, Tolins Tyres, is launching an IPO worth Rs 230 crores. It includes a fresh issue of 0.88 crore shares for Rs 200 crore and an offer for sale of 0.13 crore shares for Rs 30 crore.
- Open Date: September 9, 2024
- Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price Band: ₹215 to ₹226 per share
- Minimum Lot Size: 66 shares
- Retail Investment Amount: ₹14,916
Established in 2003, Tolins Tyres manufactures and retreads tyres. They serve the Indian market and export to 40 countries.
List of Upcoming SME Segment IPO
| Upcoming SME IPO | Subscription Dates | Price Band (Rs) |
| Aditya Ultra Steel | September 9-11 | 59-62 |
| Gajanand International | September 9-11 | 36 |
| Shubhshree Biofuels Energy | September 9-11 | 113-119 |
| Excellent Wires and Packaging | September 11-13 | 90 |
| Share Samadhan | September 9-11 | 70-74 |
| Innomet Advanced Materials | September 11-13 | 100 |
| Trafiksol ITS Tech | September 10-12 | 66-70 |
| SPP Polymer | September 10-12 | 59 |
| Envirotech Systems Ltd | September 13-17 | N.A. |
Aditya Ultra Steel IPO
Aditya Ultra Steel is launching an IPO worth Rs 45.88 crores, consisting of 74 lakh new shares.
- Open Date: September 9, 2024
- Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price Band: ₹59 to ₹62 per share
- Minimum Lot Size: 2,000 shares
- Established in 2011, Aditya Ultra Steel manufactures TMT bars under the brand name “Kamdhenu.” The company produces these bars from billets in Gujarat, serving the construction and infrastructure sectors.
Gajanand International IPO
Gajanand International is offering an IPO worth Rs 20.65 crores, consisting of 57.36 lakh new shares at a fixed price.
- Open Date: September 9, 2024
- Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price: ₹36 per share
- Minimum Lot Size: 3,000 shares
Founded in 2009, Gajanand International specialises in producing contamination-free and sustainable cotton.
Shubhshree Biofuels Energy IPO
The Rs 16.56 crore SME IPO opens from September 9 to 11. The price range is Rs 113-119.
- Open Date: September 9, 2024
- Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price Band: ₹113 to ₹119 per share
- Minimum Lot Size: 1,200 shares
Founded in 2013, Shubhshree Biofuels Energy supplies biomass fuels like pellets and briquettes to various sectors. It mainly serves clients in northern India, including Haryana, Uttar Pradesh, and Rajasthan.
Excellent Wires and Packaging IPO
Excellent Wires and Packaging IPO is valued at Rs 12.60 crores, with 14 lakh new shares available.
- Open Date: September 11, 2024
- Close Date: September 13, 2024
- Allotment Date: September 16, 2024
- Listing Date: September 19, 2024
- Price: ₹90 per share
- Minimum Lot Size: 1,600 shares
Founded in March 2021, Excellent Wires and Packaging produces a range of wires and wire ropes under the “Excellent” brand. Their products include Brass Wires & Products, Steel Wires & Products, etc.
Share Samadhan IPO
The Rs 24.06 crore SME issue opens from September 9 to 11 and comprises 32.51 lakh new shares.
- Open Date: September 9, 2024
- Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price Band: ₹70 to ₹74 per share
- Minimum Lot Size: 1,600 shares
Founded in 2011, Share Samadhan, formerly Tiger Island Hospitality, offers services to help clients protect and recover their investments.
Innomet Advanced Materials IPO Details
Innomet Advanced Materials is launching an IPO valued at Rs 34.24 crores, offering 34.24 lakh new shares.
- Open Date: September 11, 2024
- Close Date: September 13, 2024
- Allotment Date: September 16, 2024
- Listing Date: September 18, 2024
- Price: ₹100 per share
- Minimum Lot Size: 1,200 shares
Founded in 1984, Innomet Advanced Materials manufactures Metal Powders and Tungsten Heavy Alloys through its two divisions. Their products are supplied both in India and internationally, including to countries like the US, UK, Germany, and Japan.
Trafiksol ITS Technologies IPO Details
Trafiksol ITS Technologies is offering an IPO valued at Rs 44.87 crores, consisting of 64.1 lakh new shares.
- Open Date: September 10, 2024
- Close Date: September 12, 2024
- Allotment Date: September 13, 2024
- Listing Date: September 17, 2024
- Price Band: ₹66 to ₹70 per share
- Minimum Lot Size: 2,000 shares
Established in 2018, Trafiksol ITS Technologies provides a range of intelligent transportation systems (ITS) and automation solutions. This includes software development, consulting services and EPC Projects.
SPP Polymers IPO Details
SPP Polymers is offering an IPO valued at Rs 24.49 crores, consisting of 41.5 lakh new shares.
- Open Date: September 10, 2024
- Close Date: September 12, 2024
- Allotment Date: September 13, 2024
- Listing Date: September 17, 2024
- Price: ₹59 per share
- Minimum Lot Size: 2,000 shares
Incorporated in 2004 and formerly known as SPP Food Products Private Limited, SPP Polymers is based in Rudrapur City, Uttarakhand. The company manufactures a variety of products.
Envirotech Systems IPO Details
Envirotech Systems is offering an IPO worth Rs 30.24 crores, consisting of 54 lakh new shares.
- Open Date: September 13, 2024
- Close Date: September 17, 2024
- Allotment Date: September 18, 2024
- Listing Date: September 20, 2024
- Price Band: ₹53 to ₹56 per share
- Minimum Lot Size: 2,000 shares
Founded in 2007, Envirotech Systems designs and manufactures noise measurement and control solutions. Their products include noise test booths, engine test room acoustics, acoustic enclosures, and noise barriers.
Upcoming Listings and IPO Allotments This Week 2024
Have a look at the upcoming IPO listings for both SME and Mainboard IPOs:
| Company | Listing Date | Category |
| Gala Precision Engineering | 9 Sep | SME |
| Jeyyam Global Foods | 9 Sep | SME |
| NatureWings Holidays | 10 Sep | SME |
| Mach Conference and Events | 11 Sep | SME |
| Namo eWaste Management | 11 Sep | SME |
| My Mudra Fincorp | 12 Sep | SME |
| Shree Tirupati Balajee | 12 Sep | Mainboard |
| Vision Infra Equipment Solutions | 13 Sep | Mainboard |
IPO allotments this week:
- Mach Conference and Events (SME) – 9 September
- Namo eWaste Management (SME) – 9 September
- My Mudra Fincorp (SME) – 10 September
- Vision Infra Equipment Solutions (Mainboard) – 10 September
- Shree Tirupati Balajee (Mainboard) – 11 September
Conclusion
With a total of 13 IPOs, including 8 listings and 5 allotments, this week is going to be exciting for investors. We have names like Bajaj Housing Finance and P N Gadgil Jewellers making their debut on the mainboard. Meanwhile, the SME segment features several companies, including Aditya Ultra Steel and Shubhshree Biofuels Energy.
Mark your calendars for key dates!
Source: MoneyControl
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.