September 21, 2024

Upcoming IPOs for the Week

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Upcoming and Ongoing IPOs for the Week

1. Manna Finance Ltd IPO

Manna Finance Ltd is launching its IPO this week with an attractive offering for investors looking to capitalize on the financial sector. Here are the key details:

DetailsSpecifications
IPO Date23 to 25 September 2024
IPO Price₹114 to ₹120 per share
Lot Size125 shares per lot
Issue Size₹150.84 crore
Fresh Issue100% (No Offer for Sale)
Listing Date30 September 2024
GMP (Grey Market Premium)₹69

Investment Insight: This IPO is entirely a fresh issue, indicating the company’s need for capital infusion. The moderate GMP suggests a positive outlook for short-term gains.

2. KNR Heat Exchanger IPO

KNR Heat Exchanger, a significant player in the manufacturing sector, is also launching its IPO this week. The company is seeking to raise substantial capital through this offering.

DetailsSpecifications
IPO Date25 to 27 September 2024
IPO Price₹209 to ₹220 per share
Lot Size65 shares per lot
Issue Size₹341.95 crore
Fresh Issue100% (No Offer for Sale)
Listing Date30 September 2024
GMP (Grey Market Premium)₹223

Investment Insight: With a higher GMP than the IPO price range, KNR Heat Exchanger presents a strong listing potential. The smaller lot size makes it accessible to a wider investor base.

Listings This Week

Three companies are set to list on the stock exchanges this week, making it a crucial time for investors who have subscribed to these IPOs.

Company NameListing DateDay
Northern Arc Capital24 September 2024Tuesday
Arkade Developers Ltd24 September 2024Tuesday
Western Carriers24 September 2024Tuesday

Listing Strategy: All three companies will be listing on the same day, which could lead to a busy trading session. Investors should keep an eye on the listing prices and prepare their strategies accordingly.

Conclusion

This week offers promising IPO opportunities with Manna Finance Ltd and KNR Heat Exchanger, both presenting unique investment propositions. The listings of Northern Arc Capital, Arkade Developers Ltd, and Western Carriers will also be closely watched. Investors are advised to consider the GMP and company fundamentals before making their decisions. Happy investing!

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