Upcoming IPOs This Week: Manba Finance to KRN Heat Exchanger: 3 new IPOs and 12 listings – IPO News

The primary market saw several significant listings across both the mainboard and small- and medium-sized enterprise (SME) segments in September, keeping investors actively engaged with numerous subscriptions and listings. As the focus shifts to October, the first week is already abuzz with new listings and initial public offering (IPO) opportunities available for subscription.

Among the ongoing issues, the Diffusion Engineers IPO is set to close for bidding on Monday, September 30. Additionally, the Divyadhan Recycling Industries IPO, Sahasra Electronics Solutions IPO, Forge Auto International IPO, and Nexxus Petro Industries IPO will all close for subscription by the same date. Meanwhile, the Saj Hotels IPO and HVAX Technologies IPO are scheduled to close for bidding on October 1.

Looking ahead, the IPO calendar remains packed with more opportunities. In the mainboard segment, the Hyundai Motor India IPO and the Afcons Infrastructure IPO are expected to open for bidding soon, though the exact dates have yet to be announced. Investors can also expect a slew of new SME IPOs opening for subscription this week, adding further momentum to an already active market.

Here Are The Three IPO Opening This Week: 

NeoPolitan Pizza and Foods IPO

The SME IPO of NeoPolitan Pizza and Foods is set to open for subscription on September 30, 2024, and will close on October 4, 2024. This fixed price issue aims to raise Rs 12.00 crores through a fresh issue of 60 lakh shares. The IPO offers investors a chance to participate in the growing food industry, with all proceeds directed toward the company’s expansion and development plans.

Subam Papers IPO

The Subam Papers SME IPO is scheduled to open for subscription on September 30, 2024, and will close on October 3, 2024. This book-built issue is valued at Rs 93.70 crores, consisting entirely of a fresh issue of 61.65 lakh shares. The proceeds from the IPO are expected to support the company’s growth and operational expansion.

Paramount Dye Tec IPO

The Paramount Dye Tec SME IPO will open for subscription on September 30, 2024, and will close on October 3, 2024. This book-built issue aims to raise Rs 28.43 crores through a fresh issue of 24.3 lakh shares. The IPO proceeds are expected to contribute to the company’s expansion and operational initiatives.

New Listings in Mainboard This Week

Manba Finance IPO

Shares of Manba Finance are scheduled to debut on the BSE and NSE on Monday, September 30, 2024. Ahead of the listing, the company’s shares are trading with a grey market premium (GMP) of Rs 38 per share, indicating positive investor sentiment in the lead-up to its market entry.

.KRN Heat Exchanger and Refrigeration IPO

The allotment for the KRN Heat Exchanger IPO is expected to be finalized on September 30, 2024. The company’s shares are set to be listed on both the BSE and NSE, with a tentative listing date scheduled for Thursday, October 3, 2024. Investors are keenly watching the allotment process ahead of the listing.

Diffusion Engineers IPO

The Diffusion Engineers IPO subscription is set to close on September 30, 2024. The allotment is expected to be finalized on Tuesday, October 1, 2024. The company’s shares will be listed on both BSE and NSE, with a tentative listing date scheduled for Friday, October 4, 2024. Investors are anticipating the final allotment and listing date.

New Listings in SME This Week

Rappid Valves (India) IPO

Rappid Valves (India) shares are set to debut on the NSE SME on September 30, 2024. The latest grey market premium (GMP) for the SME IPO stands at Rs 100 as of 6:04 AM on the listing day. With a price band of Rs 222, the estimated listing price is projected to be Rs 322 per share, reflecting an expected gain of 45.05%. Investors are anticipating a strong market debut based on the current GMP.

WOL 3D India IPO

WOL 3D IPO shares are set to debut on the NSE SME on September 30, 2024. The latest grey market premium (GMP) for the IPO is Rs 65, as of 6:04 AM on the listing day. With a price band of Rs 150, the estimated listing price is projected to be Rs 215 per share, indicating an expected gain of 43.33%. 

Unilex Colours and Chemicals IPO

The allotment for the Unilex Colours and Chemicals IPO is expected to be finalized on Monday, September 30, 2024. The company’s shares are scheduled to be listed on the NSE SME, with a tentative listing date set for Thursday, October 3, 2024. Investors are keenly awaiting the allotment results in anticipation of the market debut.

Thinking Hats Entertainment Solutions IPO

The allotment for the Thinking Hats Entertainment Solutions IPO is anticipated to be finalized on Monday, September 30, 2024. The company’s shares are set to be listed on the NSE SME, with a tentative listing date scheduled for Thursday, October 3, 2024. Investors are eagerly awaiting the allotment results ahead of the upcoming market debut.

TechEra Engineering IPO

The allotment for the TechEra Engineering IPO is anticipated to be finalized on Monday, September 30, 2024. The company’s shares are set to be listed on the NSE SME, with a tentative listing date scheduled for Thursday, October 3, 2024. Investors are eagerly awaiting the allotment results ahead of the upcoming market debut.

Sahasra Electronics Solutions IPO

The bidding for Sahasra Electronics Solutions’ initial public offering (IPO) will close today, September 30, 2024. Following the closure, the allotment of shares is expected to be finalized on Tuesday, October 1, 2024. The company’s shares are set to be listed on the NSE SME, with a tentative listing date scheduled for Friday, October 4, 2024.

Divyadhan Recycling Industries IPO

The bidding for Divyadhan Recycling Industries’ initial public offering (IPO) will close today, September 30, 2024. The allotment of shares is expected to be finalized on Tuesday, October 1, 2024. Once allotted, the shares will be listed on the NSE SME, with a tentative listing date set for Friday, October 4, 2024.

Nexxus Petro Industries IPO

The Nexxus Petro Industries IPO is set to close on September 30, 2024. The allotment for the IPO is expected to be finalized on Tuesday, October 1, 2024. Following the allotment, Nexxus Petro Industries shares will be listed on the BSE SME, with a tentative listing date scheduled for Friday, October 4, 2024. Investors are closely monitoring the process as the market debut approaches.

Forge Auto International IPO

Forge Auto International’s initial public offering (IPO) subscription is set to close today, September 30, 2024. Following the closure, the allotment of shares is anticipated to be finalized on Tuesday, October 1, 2024. Investors can expect the company’s shares to be listed on the NSE SME, with a tentative listing date scheduled for Friday, October 4, 2024.

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