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- Upcoming IPO Details Update; Mainboard SME IPO | Premier Energies Vdeal System
Mumbai1 hour ago
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In the week starting from tomorrow, 26 August, 8 Initial Public Offerings (IPOs) are going to open in the stock market. Among the companies to be listed in the market, 3 will raise funds through mainboard IPOs, these include – Premier Energies Limited, ECOS Mobility and Hospitality Limited and Bazaar Style Retail Limited.
Whereas, in the Small and Medium Enterprises i.e. SME segment, Aaron Composite Limited, Paramatrix Technologies Limited, Weedil System Limited, Jai B Laminations Limited and Indian Phosphate Limited will be included.
Let us know about the IPO of all these companies one by one.
Mainboard IPO:
1. Premier Energies Limited: The company manufactures integrated solar cells and solar panels. Its product portfolio includes cells, solar modules, monofacial modules, bifacial modules, EPC solutions and O&M solutions. It was founded in April 1995.
- Retail investors can bid for this IPO from August 27 to August 29.
- The price band of the IPO is Rs 427 to Rs 450 per share.
- Retail investors will be able to invest in it for a minimum of ₹ 14,850 for 1 lot/33 shares.
- Maximum investment amount can be made for 13 lots/429 shares up to Rs 1,93,050.
- Its listing in the stock market will be on September 3.
2. ECOS (India) Mobility & Hospitality Limited: ECOS India provides car rental services in India. The company provides these services to corporate customers including Fortune 500 companies in India. The company was started in February 1996.
- Retail investors can bid for this IPO from August 28 to August 30.
- The price band of the IPO is Rs 318 to Rs 334 per share.
- Retail investors will be able to invest a minimum of ₹ 14,696 for 1 lot/44 shares.
- Maximum investment amount can be made for 13 lots/572 shares up to Rs 1,91,048.
- Its listing in the stock market will be on Wednesday, September 4.
3. Bazaar Style Retail Limited: The company is a fashion retailer operating in Bengal and Odisha. It provides apparels and non-apparels for men, women, boys, girls and children as well as home accessories. The company was started in 2003. Its price details, minimum investment and lot size are not known yet.
- Retail investors can bid for this IPO from August 30 to September 3.
- Its listing in the stock market will be on Friday, 6 September.
Small and Medium Enterprises (SME) IPO:
1. Indian Phosphates Limited: The company produces Linear Alkyl Benzene Sulfonic Acid LABSA 90%, commonly known as LABSA. It is an anionic surfactant used in making all types of washing powders, cakes, toilet cleaners and liquid detergents.
The company also manufactures ‘Single Super Phosphate’ (SSP) and ‘Granules Single Super Phosphate’ (GSSP) which are manufactured and distributed in powder and granule form as per the norms of Fertilizer Control Regulation of India. The company was established in 1998.
2. Jay Bee Laminations Ltd.: The company supplies cold-rolled grain oriented silicon steel (CRGO) cores and cold-rolled non-grain-oriented (CRNGO) steel cores.
The company manufactures and supplies electrical laminations, slotted coils and assembled cores. Jai Bee Laminations Limited was established in 1988
3. WeDeal Systems Ltd: Weedle Systems Limited: Weedle is an integrated electrical and automation solutions provider. The company’s expertise lies in Smart Low Voltage (LV) Panels, Smart Medium Voltage (MV) Panels, Smart Variable Frequency Drive (VFD) Panels, Medium Voltage Panels, Medium Voltage (MV) Soft Starters, Energy Management System (EMS) and Smart Programmable Logic Controller (PLC) Panels. Weedle Systems Limited was established in December 2009.
4. Paramatrix Technologies Limited: Parametrix Technologies Limited was founded in 2004 and provides software applications and technology solutions for medium and large sized companies. It was founded in 2004. The company had a total of 182 employees as of March 31, 2024.
5. Aeron Composites Limited: The company manufactures and distributes glass fiber reinforced products such as FRP. The company provides a variety of comprehensive design prototype development, testing, manufacturing, logistical support, installation and after-sales services. The company was founded in 2011. As of March 31, 2024, the company has a total of 433 employees.
Opportunity to invest in 5 SME IPOs between 26 and 30 August:
| Company | IPO Opening/Closing | Price Band/ Shares | Listing Date |
| Indian Phosphates Limited | 26 August / 29 August | ₹94 – ₹99 | 3 September |
| Jay Bee Laminations Limited | 27 August / 29 August | ₹138 – ₹146 | 3 September |
| VDEA SYSTEMS LTD | 27 August / 29 August | ₹112 | 3 September |
| Paramatrix Technologies Ltd | 27 August / 30 August | ₹110 | 4 September |
| Aeron Composites Limited | 28 August / 30 August | ₹121 – ₹125 | 4 September |
Note: In SME IPO, the number of shares in each lot is higher. Hence the minimum investment in this is more than Rs 1.10 lakh.
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