Ten IPOs in 7 days – that’s the schedule in the last week of September on IPO Street, which has witnessed a flurry of issues hitting the market, the pinnacle of which was provided by Bajaj Housing Finance that attracted application money well over Rs 3 trillion for an IPO of Rs 6,560 crore. While Manaba Finance IPO will open on September 23, KRN Heat Exchanger issue will hit the market 2 days later.
Manaba Finance IPO details
The issue is designed to raise 150.84 crores through fresh issue of 1.26 crore shares, bidding for which will end on September 26. Allotment will take place on September 30 and listing on October 3 on BSE and NSE.
Manaba Finance price, GMP
The price band has been fixed at Rs 114-120. A retail investor can apply for a minimum of 125 shares costing Rs 15,000 at the upper end of the price band.
According to investorgain, the GMP on September 21 is Rs 60, which translates into a listing gain of 50%.
KRN Heat Exchanger issue details
This IPO that wants to raise Rs 341.95 crore through issue of 1.55 crore shares will open and close on September 25 and 27. Listing will take place on October 3.
KRN Heat Exchanger price, GMP
The price band is Rs 209-220. The minimum lot is 65 shares at a cost of Rs 14,300.
KRN Heat Exchanger GMP stands at Rs 223 on the morning of September 21, which indicates a listing gain of 101.36%. However, GMP is an unofficial estimate that can change with time.
8 SME IPOs
The 8 IPOs to hit the market are Forge Auto International (price band Rs 102-108), Sahasra Electronics Solutions (price band Rs 269-283), Divyadhan Recyling Industries (price band yet to be announced), Thinking Hats Entertainment Solutions (price band Rs 42-44), Unilex Colours and Chemicals (price band Rs 82-87), TechEra Engineering (price band Rs 75-82), Rappid Valves (India) (price band Rs 210-222) and WOL 3D India (price band Rs 142-150).
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
The last week of September 2024 will be extremely crowded with investors spoilt for choices to subscribe in IPOs. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
