Upcoming IPOs and Market Listings: August 26 - September 3, 2024
Forcas Studio and Brace Port Logistics will debut on NSE Emerge on August 26.
Ideal Technoplast Industries and QVC Exports will list on NSE Emerge on August 28.
The week starting August 26 will be bustling for the primary market, with nine IPOs opening for subscription and eight companies making their market debut, driven by favorable secondary market conditions.
Upcoming IPOs:
1. Premier Energies: Launching on August 27, this solar cell and module manufacturer is offering an IPO worth Rs 2,830.40 crore, priced between Rs 427-450 per share. It includes a fresh issuance of Rs 1,291.4 crore and an OFS of Rs 1,539 crore. Closes on August 29.
2. ECOS India Mobility & Hospitality: Opening on August 28, this chauffeur-driven car rental service's IPO is valued at Rs 601.2 crore, with a price range of Rs 318-334 per share. It consists solely of an OFS by the promoters. Closes on August 30.
3. Baazar Style Retail: Backed by Rekha Rakesh Jhunjhunwala, this IPO opens on August 30. It will include a fresh issue of up to Rs 148 crore and an OFS of 1,76,52,320 shares. The price band will be announced shortly.
4. Indian Phosphate: This SME segment IPO starts on August 26, aiming to raise Rs 67.36 crore at a price range of Rs 94-99 per share. Closes on August 29.
5. Jay Bee Laminations: Opening on August 27, this company manufactures electrical laminations and is offering an IPO of Rs 89 crore, priced at Rs 138-146 per share. The IPO includes both fresh issuance and OFS components. Closes on August 29.
6. Vdeal System: This electrical and automation solutions provider is launching a fixed price IPO on August 27, aiming to raise Rs 18.08 crore at Rs 112 per share. Closes on August 29.
7. Paramatrix Technologies: Opening on August 27, this software solutions provider’s IPO is valued at Rs 33.84 crore, priced at Rs 110 per share, with both fresh issuance and OFS.
8. Aeron Composite: This manufacturer of glass fibre reinforced polymer products is launching on August 28. The IPO aims to raise Rs 56.10 crore, priced between Rs 121-125 per share. Closes on August 30.
9. Archit Nuwood Industries: Opening on August 30, this MDF and HDF board manufacturer is offering a Rs 168.5 crore IPO with a price band of Rs 257-270 per share. Closes on September 3.
Listings:
Interarch Building Products and Orient Technologies will begin trading on BSE and NSE on August 26 and August 28, respectively.
Forcas Studio and Brace Port Logistics will debut on NSE Emerge on August 26.
Ideal Technoplast Industries and QVC Exports will list on NSE Emerge on August 28.
Resourceful Automobile and Rapid Multimodal Logistics will start trading on BSE SME on August 29 and August 30, respectively.
