Upcoming IPOs : Well, this has been the very active period for the primary market, especially in September that saw a spate of listings both on the main board and SME segments. Investors have also been on the prowl following all these IPOs, chipping in to subscribe to new issues as well as monitor listings. That has been the momentum going into October, with the end of the month going to be quite busy-similarly, packed with new listings and subscriptions.
Diffusion Engineers The issue that is still open will close on Monday, 30 Sep. Subscription for Divyadhan Recycling Industries, Sahasra Electronics Solutions, Forge Auto International, and Nexxus Petro Industries will close on the same date. Saj Hotels and HVAX Technologies will close their IPO issues for bids on October 1.
It’s still early October, and so let’s just take a glimpse of some of the IPOs opening their subscription this week and those set for their stock market debut.
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Upcoming IPOs : New IPO Subscriptions Opening This Week
1. Paramount Dye Tec IPO
Opening Date: September 30, 2024
Closing Date: October 3, 2024
Paramount Dye Tec’s SME IPO would open for subscription on September 30 and close on October 3. This SME IPO would raise ₹28.43 crore from a book-built issue that comprises 24.3 lakh fresh shares.
2. Subam Papers IPO
Opening Date: September 30, 2024
Closing Date: October 3, 2024
The Subam Papers IPO, the other SME issue, is opening for subscription from September 30 and closing on October 3. It aims to mop up ₹93.70 cr through the issue of 61.65 lakh fresh equity shares.
3. NeoPolitan Pizza and Foods IPO
Opens on: September 30, 2024
Closes on: October 4, 2024
NeoPolitan Pizza and Foods IPO will open for subscription from 30th September to 4th October. The IPO is a fixed price issue that aims to raise ₹12 crore through issuance of 60 lakh fresh equity shares.
Main Board IPOs Awaiting Launch
Hyundai Motor India and Afcons Infrastructure are some of the prominent names getting ready for their IPOs in the main board segment. Even though the dates for their respective IPOs are not announced yet, both are all set to access the market shortly, henceforth grabbing crucial investor attention.
Hyundai Motor India, a wholly owned subsidiary of South Korea’s Hyundai Motor Company, is likely to create another record for the biggest IPO ever in India when it raises ₹25,000 crore. This would set up a new record as the erstwhile one was held by the Life Insurance Corporation of India that raised ₹21,000 crore. On the other hand, Afcons Infrastructure, one of the leading construction and engineering company, is also making its entry into the market though details of the issue are not known so far.
IPO Listings Shortly
Subscription periods for various IPOs are closing, and some companies are preparing to enter the stock market. Here’s a list of good stocks that investors can keep a watch on the coming days:
1. Manba Finance Limited
Manba Finance Limited will debut on the BSE and NSE by September 30, 2024, as the subscription process of the firm’s IPO is closing.
2. KRN Heat Exchanger and Refrigeration Limited
KRN Heat Exchanger’s IPO allotment is likely to be wrapped up on September 30, 2024. Their shares are expected to get listed on the BSE as well as NSE with a tentative date decided for October 3, 2024.
3. Diffusion Engineers Limited
The firm will close its IPO subscription on 30th September, 2024 and allotment will be completed by 1st October. The Company’s shares will be listed on the BSE and NSE from 4th October 2024.
4. Rappid Valves (India) Limited
Shares of Rappid Valves (India) Limited will get listed on the NSE SME exchange and the company scheduled to make debut on September 30, 2024.
5. WOL 3D India Limited
WOL 3D India Limited, besides this, will also list on the NSE SME exchange on September 30, 2024, once the company is done with its IPO process.
6. Thinking Hats Entertainment Solutions Limited
The allotment of the IPO of Thinking Hats Entertainment Solutions would be completed by September 30, 2024. The shares of the Company would hit the counter of NSE SME on October 3, 2024
7. Unilex Colours and Chemicals Limited
The final allotment of Unilex Colours and Chemicals IPO will be done on September 30, 2024, and the shares will be listed on NSE SME on October 3, 2024.
8. TechEra Engineering Limited
The final allotment of TechEra Engineering’s IPO will be done on September 30, 2024. Its shares are slated to be listed on the NSE SME exchange on October 3, 2024.
9. Nexxus Petro Industries Limited
Nexxus Petro Industries’ IPO will close on 30th September 2024. Allotment shall be confirmed on 01 October and shares of the company would make debut on BSE SME on 04th October, 2024.
10. Forge Auto International Limited
IPO of Forge Auto International would close on 30th September, 2024. Allotment would be finalized on 01 October and shares of the company would make their debut at NSE SME on 04th October, 2024.
11. Sahasra Electronics Solutions Limited
IPO subscription for Sahasra Electronics Solutions will close on September 30, 2024, and allotment will be finalized by October 1, 2024. Shares of the company will be listed on NSE SME on October 4, 2024.
12. Divyadhan Recycling Industries Limited
Divyadhan Recycling Industries will close IPO subscription on 30 September 2024 and final allotment would be done by 1 October. Shares of the company are expected to get listed on the NSE SME platform from 4 October, 2024.
IPO Season Has Been Busy Lately
The season of IPOs refuses to lose steam as companies belonging to various sectors are unrelentingly raising money in the market. This spurt in new listings provides ample opportunity for investors wishing to benefit from new momentum in the primary market.
It is when the larger IPOs like Hyundai Motor India and Afcons Infrastructure will be issued, and smaller and bigger SME IPOs are being issued week after week, so it can be a thrilling phase for those looking to diversify their investment portfolios. Tracking closely the subscription periods and listing dates will aid in taking that crucial call during the gush of IPOs.