The stock market is buzzing with excitement as seven new companies are set to make their debut this week, starting today, September 2nd. Two of these companies are taking the big leap onto the mainboard, offering investors diverse investment opportunities.
With the market in a healthy state and investors eager to capitalize on new ventures, this week promises to be filled with anticipation and potential rewards. Let’s dive into the details of these upcoming IPOs and see what they offer.
7 Upcoming IPOs This Week
Gala Precision Engineering Ltd. IPO
| Offer Price | ₹503 – ₹529 per share |
| Face Value | ₹10 per share |
| Opening Date | 2 September 2024 |
| Closing Date | 4 September 2024 |
| Total Issue Size (in Shares) | 3,174,416 |
| Total Issue Size (in ₹) | ₹167.93 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 28 Shares |
| Listing at | BSE, NSE |
Gala Precision Engineering, one of the two mainboard IPOs this week, aims to raise a total of ₹2,830.40 crore. The issue comprises a fresh issue and an offer for sale, with a price band of ₹503 to ₹529 per share. Investors can apply for a minimum of 28 shares. The IPO is scheduled to list on BSE and NSE on September 9th.
Objectives of the IPO
The company plans to utilize the IPO proceeds for:
- Expanding manufacturing capabilities at their facility in Vallam-Vadagal, Tamil Nadu.
- Investing in new equipment and machinery at their Wada, Palghar facility.
- Reducing debt through repayment or prepayment.
- General corporate purposes.
GMP and Estimated Listing Price
The Grey Market Premium (GMP) for Gala Precision Engineering’s shares stands at ₹240. This suggests that the estimated listing price could be around ₹769, representing a potential gain of 45.37% compared to the issue price.
Company Overview
Gala Precision Engineering is a leading manufacturer of precision components, including disc and strip springs, coil and spiral springs, and special fastening solutions. The company caters to various industries, including electrical, off-highway equipment, infrastructure, and mobility segments. Their products are exported to several countries, highlighting their global reach.
Financial Performance
Gala Precision Engineering has demonstrated steady growth in recent years. Revenue increased by 22% from FY2023 to FY2024, reaching ₹204.38 crore. While profit after tax (PAT) declined slightly by 8%, the company’s overall financial health has improved significantly. The company’s net worth has consistently increased and reduced its total borrowing.
SWOT Analysis
| STRENGTHS | WEAKNESSES |
| Strong expertise in manufacturing precision components. Diverse product portfolio catering to various industries. Global presence with exports to multiple countries. Growing revenue and improving financial performance. | Dependence on a few key customers. Potential fluctuations in raw material prices. Competition from other players in the precision components market. |
| OPPORTUNITIES | THREATS |
| Expanding into new markets and industries. Investing in research and development to introduce innovative products. Leveraging the growing demand for precision components in various sectors. | Economic downturns or fluctuations in demand for the company’s products. Intense competition from domestic and international players. Changes in government policies or regulations that could impact the industry. |
Shree Tirupati Balajee Agro Trading Company Ltd.
| Offer Price | ₹78 – ₹83 per share |
| Face Value | ₹10 per share |
| Opening Date | 5 September 2024 |
| Closing Date | 9 September 2024 |
| Total Issue Size (in Shares) | 20,440,000 |
| Total Issue Size (in ₹) | ₹169.65 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 180 Shares |
| Listing at | BSE, NSE |
Shree Tirupati Balajee Agro Trading Company Limited is set to launch its Initial Public Offering (IPO), aiming to raise a total of ₹169.66 crore. It is the second mainboard IPO after the Gala Precision Engineering IPO. The issue comprises a fresh issue and an offer for sale, with a price band yet to be announced. Investors can apply for a minimum of 180 shares, with the minimum investment amount for retail investors being ₹14,940. The IPO may list on BSE and NSE on September 12th.
Objectives of the IPO
The company plans to utilize the IPO proceeds for the following purposes:
- Repay or prepay a portion of its outstanding borrowings at the company level and for its subsidiaries, HPPL, STBFL, and JPPL.
- A portion of the funds will be allocated to bolster the company’s and its subsidiaries’ working capital requirements.
- General corporate purposes could include investments in new projects, research and development, marketing initiatives, or other strategic activities that support the company’s growth and development.
GMP
The Grey Market Premium (GMP) for Shree Tirupati Balajee IPO has not yet been established.
Company Overview
Established in 2001, Shree Tirupati Balajee Agro Trading Company Limited is a leading manufacturer of flexible intermediate bulk containers (FIBCs), woven sacks, fabric, and tapes. The company caters to various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
The company operates five manufacturing units and holds certifications such as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, ensuring adherence to quality and safety standards.
Financial Performance
Shree Tirupati Balajee has demonstrated strong financial growth in recent years. Revenue increased by 16% from FY2023 to FY2024, reaching ₹169.66 crore. Profit after tax (PAT) also increased substantially by 74% during the same period.
SWOT Analysis
| STRENGTHS | WEAKNESSES |
| Established presence in the packaging industry. Diversified product portfolio catering to various sectors. Certifications demonstrating adherence to quality and safety standards. Strong financial performance with increasing revenue and profitability. | Dependence on a few key customers. Potential fluctuations in raw material prices. Competition from other players in the packaging industry. |
| OPPORTUNITIES | THREATS |
| Expanding into new markets and industries. Investing in research and development to introduce innovative products. Leveraging the growing demand for sustainable and eco-friendly packaging solutions. | Economic downturns or fluctuations in demand for packaging products. Changes in government regulations or policies affecting the industry. Intense competition from domestic and international players. |
Jeyyam Global Foods Ltd.
| Offer Price | ₹59 – ₹61 per share |
| Face Value | ₹5 per share |
| Opening Date | 2 September 2024 |
| Closing Date | 4 September 2024 |
| Total Issue Size (in Shares) | 13,432,000 |
| Total Issue Size (in ₹) | ₹81.94 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 2000 Shares |
| Listing at | NSE, SME |
Jeyyam Global Foods Limited is set to launch its Initial Public Offering (IPO), aiming to raise a total of ₹81.93 crore. The issue combines a fresh issue and an offer for sale, with a price band of ₹503 to ₹529 per share. Investors can apply for a minimum of 2,000 shares, with the minimum investment amount for retail investors being ₹122,000. The IPO is expected to be listed on NSE SME on September 9th.
Objectives of the IPO
The company plans to utilize the IPO proceeds for the following purposes:
- Funding working capital requirements
- Capital expenditures
- General corporate purposes
GMP
Before the IPO opening, Jeyyam Global Foods’s shares did not have a Grey Market Premium (GMP).
Company Overview
Established in 2008, Jeyyam Global Foods is a leading player in producing and processing Bengali chickpeas, fried gram, and besan flour. The company operates two manufacturing facilities in Tamil Nadu and adheres to strict quality standards, including ISO 9001:2015 and ISO 22000:2018 certifications.
Jeyyam’s product portfolio includes various gram-based products, catering to diverse customer segments such as distributors, retailers, hotels, restaurants, and caterers.
Financial Performance
Jeyyam Global Foods has demonstrated robust financial growth in recent years. Revenue increased by 65% from FY2023 to FY2024, reaching ₹630 crore. Profit after tax (PAT) also saw a substantial increase of 92% during the same period, reaching ₹15.09 crore.
SWOT Analysis
| STRENGTHS | WEAKNESSES |
| Strong brand presence in the Bengali food products market. Diversified product portfolio catering to various customer segments. Adherence to strict quality standards and certifications. Experienced management team with a proven track record. | Dependence on a few key customers. Limited geographic presence compared to larger players. Potential fluctuations in raw material prices. |
| OPPORTUNITIES | THREATS |
| Expanding into new markets and regions. Introducing innovative products and variants. Leveraging online channels to reach a wider customer base. | Intense competition from other players in the food processing industry. Changes in consumer preferences or dietary trends. Economic downturns or fluctuations in demand for food products. |
Naturewings Holidays Ltd.
| Offer Price | ₹74 per share |
| Face Value | ₹10 per share |
| Opening Date | 3 September 2024 |
| Closing Date | 5 September 2024 |
| Total Issue Size (in Shares) | 950,400 |
| Total Issue Size (in ₹) | ₹7.03 Cr |
| Issue Type | Fixed Price Issue IPO |
| Lot Size | 1600 Shares |
| Listing at | BSE, SME |
Naturewings Holidays Limited is set to launch its Initial Public Offering (IPO), aiming to raise a total of ₹225.22 crore. The issue is new, with a price band yet to be announced. Investors can apply for a minimum of 1,600 shares, with the minimum investment amount for retail investors being ₹118,400. The IPO is expected to list on NSE SME on September 10th.
Objectives of the IPO
The company plans to utilize the IPO proceeds for the following purposes:
- Funding working capital requirements
- Marketing and business promotions
- General corporate purposes
GMP
The Grey Market Premium (GMP) for Naturewings Holidays IPO has not yet been established.
Company Overview
Naturewings Holidays is a leading tour company specializing in Himalayan travel packages. Established in 2018, the company offers comprehensive travel solutions, including land and air bookings, hotel reservations, in-transit arrangements, local sightseeing, and destination management services.
The company caters to individual and group travelers, providing customized itineraries and experiences. Naturewings Holidays has expanded its operations to include international destinations, serving packages to countries such as Indonesia, Thailand, Egypt, Kenya, Sri Lanka, Vietnam, Singapore, and the Maldives.
Financial Performance
Naturewings Holidays has demonstrated strong financial growth in recent years. Revenue increased by 86% from FY2023 to FY2024, reaching ₹225.22 crore. Profit after tax (PAT) also saw a substantial increase of 72% during the same period.
SWOT Analysis
| STRENGTHS | WEAKNESSES |
| Focus on the niche market of Himalayan travel. Comprehensive range of travel services offered. Experienced team with expertise in the travel industry. Strong online presence and digital marketing capabilities. | Dependence on the tourism industry, which can be affected by economic downturns or geopolitical events. Seasonal fluctuations in demand for travel services. Competition from other travel companies, both domestic and international. |
| OPPORTUNITIES | THREATS |
| Expanding into new regions and destinations within the Himalayan range. Diversifying product offerings to cater to different traveler segments. Leveraging technology to enhance customer experience and operational efficiency. | Economic downturns or geopolitical events that could impact the travel industry. Rising fuel prices and other operational costs. Increased competition from online travel platforms and aggregators. |
Mach Conferences and Events Ltd.
| Offer Price | ₹214 – ₹225 per share |
| Face Value | ₹10 per share |
| Opening Date | 4 September 2024 |
| Closing Date | 6 September 2024 |
| Total Issue Size (in Shares) | 5,568,000 |
| Total Issue Size (in ₹) | ₹125.28 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 600 Shares |
| Listing at | BSE, SME |
Mach Conferences and Events Limited is set to launch its Initial Public Offering (IPO), aiming to raise a total of ₹125.28 crore. The issue combines a fresh issue and an offer for sale, with a price band yet to be announced. Investors can apply for a minimum of 600 shares, with the minimum investment amount for retail investors being ₹135,000. The IPO is expected will list on BSE SME on September 11th.
Objectives of the IPO
The company plans to utilize the IPO proceeds for the following purposes:
- Funding working capital requirements
- General corporate purposes
GMP
The Grey Market Premium (GMP) for Mach Conferences and Events IPO has not yet been established.
Company Overview
Mach Conferences and Events is a leading provider of MICE (Meetings, Incentives, Conferences, Exhibitions) and event management services. Established in 2004, the company offers comprehensive services, including conference management, exhibition management, and global event planning.
The company has a strong track record of successfully organizing and managing events in various sectors, including banking, finance, insurance, hospitality, infrastructure, FMCG, and more. Mach Conferences and Events has a presence in over 18 states and union territories in India and international locations.
Financial Performance
Mach Conferences and Events has demonstrated robust financial growth in recent years. Revenue increased by 68% from FY2023 to FY2024, reaching ₹125.28 crore. Profit after tax (PAT) also saw a substantial increase of 197% during the same period.
SWOT Analysis
| STRENGTHS | WEAKNESSES |
| Strong expertise in MICE and event management. Diverse client base across various industries. Established presence in multiple locations across India. Ability to organize large-scale events efficiently. | Dependence on the MICE industry, which can be affected by economic downturns or global events.Competition from other event management companies.Seasonal fluctuations in demand for events. |
| OPPORTUNITIES | THREATS |
| Expanding into new markets and segments within the MICE industry. Leveraging technology to enhance event planning and management. Exploring opportunities in international markets. | Economic downturns or geopolitical events that could impact the MICE industry. Changes in government regulations or policies affecting the events sector. Increased competition from online event platforms and aggregators. |
Namo eWaste Management Ltd.
| Offer Price | ₹80 – ₹85 per share |
| Face Value | ₹10 per share |
| Opening Date | 4 September 2024 |
| Closing Date | 6 September 2024 |
| Total Issue Size (in Shares) | 6,024,000 |
| Total Issue Size (in ₹) | ₹51.20 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1600 Shares |
| Listing at | NSE, SME |
Namo eWaste Management is set to launch its Initial Public Offering (IPO), aiming to raise a total of ₹153.28 crore. The issue is entirely new, with a price band of ₹80 to ₹85 per share. Investors can apply for a minimum of 1,600 shares, with the minimum investment amount for retail investors being ₹136,000. The IPO will list on NSE SME on September 11th.
Objectives of the IPO
The company plans to utilize the IPO proceeds for the following purposes:
- Funding capital expenditure for a new factory unit in Nashik
- Meeting working capital requirements
- General corporate purposes
GMP
The Grey Market Premium (GMP) for Namo eWaste Management IPO has not yet been established.
Company Overview
Namo eWaste Management is a leading provider of e-waste management services. Established in 2014, the company offers comprehensive solutions for collecting, disposing, and recycling electronic waste. Namo eWaste Management is certified with ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, and ISO 45001:2018, ensuring adherence to quality, environmental, information security, and occupational health and safety standards.
The company’s services include electronics recycling, refurbishment, and extended producer responsibility (EPR) services. Namo eWaste Management operates from facilities in Faridabad and Palwal, Haryana.
Financial Performance
Namo eWaste Management has demonstrated strong financial growth in recent years. Revenue increased by 73% from FY2023 to FY2024, reaching ₹153.28 crore. Profit after tax (PAT) also increased substantially by 183% during the same period.
SWOT Analysis
| STRENGTHS | WEAKNESSES |
| Focus on the growing e-waste management industry. A comprehensive range of services for electronics recycling and refurbishment. Certifications demonstrating adherence to quality and environmental standards. Experienced team with expertise in e-waste management. | Dependence on the growth of the electronics industry. Potential fluctuations in e-waste volumes. Competition from other players in the e-waste management sector. |
| OPPORTUNITIES | THREATS |
| Expanding into new regions and markets. Diversifying services to include other types of waste management. Leveraging technological advancements for efficient e-waste processing. | Changes in government regulations or policies related to e-waste management. Economic downturns or fluctuations in demand for electronics. Intense competition from other companies in the e-waste management industry. |
My Mudra Fincorp Ltd.
| Offer Price | ₹104 – ₹110 per share |
| Face Value | ₹10 per share |
| Opening Date | 5 September 2024 |
| Closing Date | 9 September 2024 |
| Total Issue Size (in Shares) | 3,024,000 |
| Total Issue Size (in ₹) | ₹33.26 Cr |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1200 Shares |
| Listing at | NSE, SME |
My Mudra Fincorp Limited is set to launch its Initial Public Offering (IPO), aiming to raise a total of ₹66.53 crore. The issue is entirely new, with a price band yet to be announced. Investors can apply for a minimum of 1,200 shares, with the minimum investment amount for retail investors being ₹132,000. The IPO is expected to list on NSE SME on September 12th.
Objectives of the IPO
The company plans to utilize the IPO proceeds for the following purposes:
- Repayment of outstanding borrowings
- Investment in technology development and digital infrastructure
- Funding working capital requirements
- General corporate purposes
GMP
The Grey Market Premium (GMP) for My Mudra Fincorp IPO has not yet been established.
Company Overview
My Mudra Fincorp is a leading channel partner for major banks and NBFCs in India. Established in 2013, the company specializes in distributing and selling a wide range of financial products, including secured loans, unsecured loans, professional loans, and credit cards.
The company has a strong network of customers, including private individuals, businesses, and professionals. My Mudra Fincorp has also expanded its services to include selling insurance products.
Financial Performance
My Mudra Fincorp has demonstrated robust financial growth in recent years. Revenue increased by 33% from FY2023 to FY2024, reaching ₹66.53 crore. Profit after tax (PAT) also increased substantially by 141% during the same period.
SWOT Analysis
| STRENGTHS | WEAKNESSES |
| A strong network of channel partners and relationships with central banks and NBFCs. Diversified product portfolio offering a wide range of financial products. Experienced team with expertise in the financial services industry. Growing customer base and increasing market share. | Dependence on the performance of the financial services industry. Competition from other financial services providers. Potential fluctuations in interest rates and economic conditions. |
| OPPORTUNITIES | THREATS |
| Expanding into new regions and markets. Introducing innovative financial products and services. Leveraging technology to enhance customer experience and operational efficiency. | Changes in government regulations or policies affecting the financial services industry. Economic downturns or fluctuations in demand for financial products. Increased competition from other financial services providers, both traditional and fintech companies. |
10 New Listings this Week
This week is shaping up to be a big one for the stock market. Ten companies are set to get listed in the market. The most highly anticipated three IPOs are from the mainboard, while the other seven belong to the SME segment. From solar energy to retail to packaging to travel, a diverse range of sectors are represented.
| Mainboard IPO Listings | ||
| Premier Energies | 3 Sept | BSE |
| Ecos India Mobility and Hospitality | 4 Sept | BSE, NSE |
| Baazar Style Retail | 6 Sept | BSE, NSE |
| SME IPO Listings | ||
| Indian Phosphate | 3 Sept | NSE Emerge |
| Vdeal System | 3 Sept | NSE Emerge |
| Jay Bee Laminations | 3 Sept | NSE Emerge |
| Paramatrix Technologies | 4 Sept | NSE Emerge |
| Aeron Composite | 4 Sept | NSE Emerge |
| Travels & Rentals | 5 Sept | BSE Emerge |
| Boss Packaging Solutions | 6 Sept | NSE Emerge |
Conclusion
This week promises to be exciting for investors as seven new companies debut on the stock market. With a diverse range of sectors represented, investors have ample opportunities to find suitable investment options. As always, conducting thorough research and considering the risks associated with investing in IPOs before making any decisions is essential.
Know more about
IPO | Current IPO | Upcoming IPO | Listed IPO
*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
