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Indian Stock Market Set for Flurry of Activities in September 2024

Strategic Insights

— 2 min read

As the month of August comes to an end, the Indian stock market is gearing up for a series of Initial Public Offerings (IPOs) in September 2024. Over 30 companies, including prominent names like FirstCry.Com and Ola Electric Mobility, have successfully made their market debut. The first week of September includes both mainboard and SME IPOs ready to launch, marking an exciting time for investors and market enthusiasts.

Key Takeaways:

  • Gala Precision Engineering's IPO is set to open for bidding on September 2 and close on September 4, with a price band of Rs 503 to Rs 529 per equity share, potentially raising Rs 167.93 crores.
  • Baazar Style Retail's public issue is open for subscription from August 30, 2024, and is scheduled to close on September 3, 2024, planning to raise Rs 834.68 crore in the price range of Rs 370 to Rs 389.
  • Bajaj Housing Finance's IPO is expected to open for subscription on September 9, 2024, and is scheduled to end on September 11, 2024, with a plan to raise a staggering amount of Rs 7,000 crore.
  • Jeyyam Global Foods is set to launch its IPO on September 2 and will close its subscription on September 4, 2024, with a price band of Rs 59 to Rs 61 per share and listing expected on September 9.
  • Namo eWaste Management's SME IPO will open its public issue on September 4 and is set to close on September 6, 2024, with a price band of Rs 80 to Rs 85.
  • My Mudra Fincorp will launch its IPO on September 5 and will close on September 9, 2024, aiming to raise Rs 33.26 crore with shares priced between Rs 104 and Rs 110.
  • Mach Conferences and Events' SME IPO will open for public issue on September 4, targeting Rs 125.28 crore with a price band of Rs 214 to Rs 225, and is set to close on September 6, 2024.

Statistics:

  • Over 30 companies have successfully made their market debut in August 2024, including FirstCry.Com, Ola Electric Mobility, and Resourceful Automobile Limited.
  • Gala Precision Engineering's IPO is expected to raise Rs 167.93 crores.
  • Baazar Style Retail's IPO is aiming to raise Rs 834.68 crore.
  • Bajaj Housing Finance's IPO plans to raise a staggering amount of Rs 7,000 crore.
  • Jeyyam Global Foods' IPO is set to raise Rs 5.80 crores.
  • Namo eWaste Management's SME IPO will raise Rs 51.20 crore.
  • My Mudra Fincorp aims to raise Rs 33.26 crore.
  • Mach Conferences and Events' SME IPO targets Rs 125.28 crore.

Sources:

  • Indian National Press (Bombay) Pvt. Ltd., distributed by Contify.com

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