Upcoming IPOs in September 2024: Markets to remain abuzz with new issues set to hit D-Street

Bajaj Housing Finance IPO will open for public subscription on September 9.

The primary market will remain abuzz in September with multiple new initial public offerings (IPOs) in both the mainboard and the SME segment.

The action-packed month will see the much-awaited Rs 6,500-crore mega Bajaj Housing Finance IPO, and the Shree Tirupati Balajee Agro Trading Company IPO, among others.

Upcoming IPOs in September 2024

Bajaj Housing Finance: The initial share sale for public subscription will begin on September 9 and will conclude on September 11 and the bidding for anchor investors will open for a day on September 6. Bajaj Finance has a 100 percent stake in Bajaj Housing, while Bajaj Finserv holds a 51.34 percent stake in Bajaj Finance.

Shree Tirupati Balajee Agro Trading Company: The maiden share sale of the Madhya Pradesh-based company will open for subscription on September 5 and close on September 9. The company intends to raise Rs 169.65 crore through the IPO. The anchor book of the offer will be opened for a day on September 4.

Tolins Tyres IPO: The Rs 230-crore IPO by the Kerala-based tyre manufacturing company will hit the primary market on September 9.

Mach Conferences and Events IPO: The subscription will take place between September 4 and 6 for a price ranging between Rs 214 and Rs 225 per share to raise Rs 125.28 crore.

Solar91 Cleantech Limited: Turnkey Solar Energy Solutions provider, Solar91 will debut in the BSE SME platform. The issue intends to raise about Rs 100 crore through the issuance of 54.36 lakh fresh equity shares with a face value of Rs 10 each on September 2.

Namo eWaste Management: New Delhi-based Namo eWaste, a company offering e-waste collection, disposal, and recycling services, is set to launch its Rs 51.2 crore initial public offering (IPO) on September 4. The price range for the book-built issue, closing on September 6, has been set at Rs 80-85 per share.

My Mudra Fincorp: New Delhi-based My Mudra Fincorp specialises in the distribution and sales of financial products. It will open its IPO on September 5 with a price band of Rs 104-110 per share.

Naturewings Holidays: The issue of the Kolkata-based company will open for subscription on September 3 and will conclude on September 5.

These companies have submitted their Draft Red Herring Prospectus (DRHP) to the market regulator SEBI, but more companies may file their documents for an initial public offering (IPO) in the remaining month of September.

Ongoing IPOs in September 2024

Baazar Style Retail: The IPO will remain available for bidding until September 3 and shares will be listed on September 6.

Gala Precision Engineering: The issue will end for subscription on September 4 and listing will take place on September 9.

Jeyyam Global Foods: Bidding will conclude on September 4 and shares will be listed on September 9.

Boss Packaging Solutions: Bidding will conclude on September 3 and shares will be listed on 6th September.

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