New Delhi: Five IPOs worth over Rs 450 crore will open next week with Gala Precision Engineering IPO and Jeyyam Global Foods IPO set to open on September 2, 2024, Namo eWaste Management and Mach Conferences IPOs to open on September 2, 2024, and My Mudra Fincorp IPO set to open on September 5, 2024. Gala Precision IPO GMP stood at RS 200 per share as of August 31, 2204, indicating a listing price of Rs 729 per share, a 37.81 per cent premium over the upper IPO price.
Gala Precision IPO
Gala Precision Engineering IPO worth Rs 167.93 crore with a price range of Rs 503-529 per share will open on September 2, 2024, and close on September 4, 2024, with potential listing on September 9, 2024. The minimum lot size for retail buyers is 28 shares. Gala Precision Engineering IPO GMP stood at Rs 200 apiece, indicating a listing price of RS 729 apiece, a 27.81 per cent premium over the RS 529 apiece IPP price, according to Investorgain.
Jeyyam Global Foods IPO
Jeyyam Global Foods IPO worth RS 81.94 crore will open on September 2, 2024, and close on September 4, 2024, with potential listing on the NSE SME index by September 9, 2024. The company’s IP price band stood at RS 80-85 per share with a minimum lot size of 1,600 shares. Jeyyam Global Foods IPO GMP stood at Rs 0 per share, indicating that the company’s stock is likely to list at the same price as its IPO price, according to Investorgain.
Namo eWaste Management IPO
Namo eWaste Management IPO worth Rs 125.58 crore will open on September 4, 2024 and close on September 6, 2024m with potential listing on the NSE SME index by September 11, 2024. The IPO price band stood at Rs 214-225 per share with a minimum lot size of 600 shares. Namo eWaste IPO GMP stood at Rs 50 per share indicating a listing price of Rs 135 per share, a 58.82 per cent premium over the IPO price of Rs 85 per share, according to Investorgain.
Mach Conferences IPO
Mach Conferences IPO will open for subscription on September 4, 2024, with an IPO price band of Rs 214-225 per share. The IPO will close on September 6, 2024, and potentially list on the BSE SME index by September 11, 2024. Mach Conferences IPO GMP stood at Rs 100 per share according to Investorgain, indicating a listing price of Rs 325 apiece, a premium of over 44 per cent over the IPO price of RS 225 apiece.
My Mudra Fincorp IPO
My Mudra Fincorp’s IPO worth Rs 33.26 crore will open for subscription on September 5, 2024, and close on September 9, 2024, with a potential listing on the NSE SME index on September 12, 2024. With an IPO price band of Rs 104-110 apiece, the minimum lot size for a subscription is 1,200 shares. My Mudra Fincorp IPO GMP stood at Rs 0 apiece as of August 31, 2024, according to Investorgain, indicating a listing price equal to the IPO price of Rs 100 apiece.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
The IPOs of Gala Precision Engineering, Jeyyam Global Foods, Namo eWaste Management, Mach Conferences, and My Mudra Fincorp IPO worth a total of Rs 450 crore will open in the week starting September 2, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
