This week, 8 Initial Public Offerings (IPOs) are going to come in the stock market, which includes 3 mainboard and 5 SME (Small and Medium Enterprises) IPOs. The first IPO in the mainboard will be that of Premier Energies Limited, which will be open from 27 to 29 August. Its price band is ₹427-450 per share. Its listing in the stock market will be on 3 September. This company is considered to be an expert in the manufacturing of solar cells and solar panels. Its products include cells, solar modules, monofacial and bifacial modules, EPC and O&M solutions.
This company was started in April 1995. For this, investors can bid for 1 lot of 33 shares with a minimum amount of ₹ 14,850 while the maximum investment can be made for 13 lots in which 429 shares will be available and an investment of ₹ 1,93,050 will have to be made.
ECOS INDIA MOBILITY & HOSPITALITY LTD
ECOS India Mobility and Hospitality Limited provides car rental services in India. This company, established in 1996, provides its services to many Fortune 500 companies including major corporates. Its IPO will be open from 28 to 30 August, whose price band is ₹ 318-334 per share. In this, investors will be able to invest a maximum of ₹ 14,696 for 1 lot of 44 shares and ₹ 1,91,048 for 572 shares of 13 lots. It will be listed in the stock market on 4 September.
With this, the third IPO on the mainboard will be of Market Style Retail Limited, which is a leading fashion retailer in Bengal and Odisha. Started in 2003, this company sells clothes and household items for men, women and children. Its IPO will be open from 30 August to 3 September and it will be listed on the stock market on 6 September.
5 SME IPOs will come this week
Indian Phosphate Limited, an SME sector company that launched an IPO this week, produces 90% of LABSA which is used in making washing powder, cake, toilet cleaner and liquid detergent. This company, established in 1998, also manufactures fertilizers like SSP and GSSP.
The next company to launch an IPO in the SME sector is Jai Bee Laminations Ltd., which supplies CRGO and CRNGO steel cores and manufactures electrical laminations, slotted coils and assembled cores. It was founded in 1988. The third company to launch an IPO in the SME sector is Weedil Systems Ltd., which specializes in electrical and automation solutions. Started in December 2009, the company offers products including LV and MV panels, VFD panels, EMS, and PLC panels.
New opportunities for investors in the IPO market
The fourth SME sector company to bring IPO this week is Paramatrix Technologies Limited, which was established in 2004. This company provides software applications and technology solutions for medium and large sized companies. It had a total of 182 employees as of March 31, 2024. The fifth SME sector company to bring IPO is Aeron Composites Limited, which manufactures and distributes FRP as well as provides design, prototype development, testing, manufacturing, installation and after-sales service. This company, established in 2011, had 433 employees working as of March 31, 2024.
Source (PTI) (NDTV) (HINDUSTANTIMES)