The Indian IPO market is currently experiencing a significant uptrend, spurred by a combination of strong market sentiment and a robust macroeconomic environment. This momentum is expected to continue in the coming week with the launch of six new IPOs—one in the mainboard segment and five in the SME segment.
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Mainboard IPO: Gala Precision Engineering
Among these, the Gala Precision Engineering IPO stands out in the mainboard segment. This IPO is set to open for subscription on September 2 and will remain open until September 4. The offering is a book-built issue, amounting to ₹167.93 crore. It comprises a fresh issue of 0.26 crore shares, totaling ₹135.34 crore, along with an offer for sale of 0.06 crore shares, amounting to ₹32.59 crore. The price band for this IPO is set between ₹503 and ₹529 per share. PL Capital Markets Private Limited is serving as the book-running lead manager, while Link Intime India Private Ltd is the registrar for this IPO.
Baazar Style Retail IPO: Closing Soon
Meanwhile, the Baazar Style Retail IPO, which opened on August 30, will close on September 3. This book-built issue is valued at ₹834.68 crore, including a fresh issue of 0.38 crore shares worth ₹148.00 crore and an offer for sale of 1.77 crore shares valued at ₹686.68 crore. The price band for this IPO is between ₹370 and ₹389 per share. Axis Capital Limited, Intensive Fiscal Services Private Limited, and JM Financial Limited are acting as the book-running lead managers, with Link Intime India Private Ltd serving as the registrar.
Upcoming SME IPOs
Several companies in the SME segment are also gearing up for their IPO launches next week.
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Jeyyam Global Foods IPO: This IPO will open for subscription on September 2 and will close on September 4. It is a book-built issue amounting to ₹81.94 crore, which includes a fresh issue of 120.89 lakh shares worth ₹73.74 crore and an offer for sale of 13.43 lakh shares valued at ₹8.19 crore. The price band is set between ₹59 and ₹61 per share. Corpwis Advisors Private Limited is the book-running lead manager, with Kfin Technologies Limited as the registrar, and Nnm Securities as the market maker.
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Naturewings Holidays IPO: Scheduled to open on September 3 and close on September 5, this is a fixed-price issue amounting to ₹7.03 crore. The IPO consists entirely of a fresh issue of 9.5 lakh shares, with a fixed price of ₹74 per share. Fedex Securities Pvt Ltd is the book-running lead manager, with Bigshare Services Pvt Ltd as the registrar. Pure Broking is the market maker.
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Namo eWaste Management IPO: Opening for subscription on September 4 and closing on September 6, this book-built issue is valued at ₹51.20 crore. The IPO consists entirely of a fresh issue of 60.24 lakh shares. The price band for this offering is set between ₹80 and ₹85 per share. Hem Securities Limited is the book-running lead manager, while Maashitla Securities Private Limited serves as the registrar. Hem Finlease is the market maker.
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Mach Conferences and Events IPO: This IPO will be open for subscription from September 4 to September 6. It is a book-built issue valued at ₹125.28 crore, which includes a fresh issue of 22.29 lakh shares worth ₹50.15 crore and an offer for sale of 33.39 lakh shares valued at ₹75.13 crore. The price band is set between ₹214 and ₹225 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, with Skyline Financial Services Private Ltd as the registrar. Spread X Securities is the market maker.
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My Mudra Fincorp IPO: The Mudra Fincorp IPO will be available for subscription from September 5 to September 9. This book-built issue is valued at ₹33.26 crore and consists entirely of a fresh issue of 30.24 lakh shares. The price band for this offering is set between ₹104 and ₹110 per share. Hem Securities Limited is serving as the book-running lead manager, while Skyline Financial Services Private Ltd is the registrar. Hem Finlease is the market maker for this IPO.
New Listings to Watch
In addition to the upcoming IPO launches, several newly listed companies are set to make their debut on the stock exchanges next week.
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Premier Energies IPO: The allotment for the Premier Energies IPO was completed on August 30, with the IPO set to be listed on the BSE and NSE. The tentative listing date is Tuesday, September 3.
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ECO Mobility IPO: The allotment for the ECO Mobility IPO is anticipated to be finalized on September 2. This IPO is scheduled to list on the BSE and NSE, with a provisional listing date set for Wednesday, September 4.
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Baazar Style Retail IPO: The allotment for this IPO is expected to be finalized on September 4, with the listing on the BSE and NSE tentatively scheduled for Friday, September 6.
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Indian Phosphate IPO: The allotment for the Indian Phosphate IPO was determined on August 30. This IPO is set to be listed on the NSE SME, with a provisional listing date of Tuesday, September 3.
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Vdeal System IPO: The allotment for the Vdeal System IPO was completed on August 30, and the IPO is scheduled to list on the NSE SME on September 3.
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Jay Bee Laminations IPO: The allotment for the Jay Bee Laminations IPO was completed on August 30, with the IPO set to list on the NSE SME on September 3.
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Paramatrix Technologies IPO: The allotment for this IPO is expected to be finalized on September 2, with the IPO scheduled to list on the NSE SME on September 4.
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Aeron Composite IPO: The allotment for the Aeron Composite IPO is anticipated to be completed on September 2, with a listing date set for September 4 on the NSE SME.
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Travels & Rentals IPO: The allotment for this IPO is anticipated to be concluded on September 3, with the IPO expected to list on BSE SME on September 5.
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Boss Packaging Solutions IPO: The allocation for the Boss Packaging Solutions IPO is anticipated to be finalized on September 4. The IPO is set to list on the NSE SME on September 6.
Market Outlook
The current trend in the Indian IPO market reflects a broader sense of optimism among investors, driven by strong economic growth, low inflation, and stable interest rates. In August alone, 17 companies filed their Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI)—the highest number of filings in over a year. This surge in activity suggests that the IPO market is likely to remain vibrant for the remainder of the year.
Analysts from Pantomath Capital Advisors Private Limited, a trusted mid-market investment bank, believe that the favorable market conditions will continue to attract both companies and investors. The strong performance of recently listed IPOs has boosted confidence, prompting more companies to consider going public and more investors to explore opportunities in the primary market. Additionally, foreign investors are increasingly looking to India’s primary market for its potential to deliver higher returns.
Conclusion
The upcoming week promises to be an exciting one for the Indian IPO market, with a mix of mainboard and SME IPOs set to launch. Investors will have a range of options to consider, from well-established companies like Gala Precision Engineering to smaller, niche players in the SME segment. As the market continues to thrive, these IPOs present an opportunity for investors to capitalize on the current positive sentiment and strong economic fundamentals.