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:
| Details | Specifications |
|---|---|
| IPO Date | 23 to 25 September 2024 |
| IPO Price | ₹114 to ₹120 per share |
| Lot Size | 125 shares per lot |
| Issue Size | ₹150.84 crore |
| Fresh Issue | 100% (No Offer for Sale) |
| Listing Date | 30 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.
| Details | Specifications |
|---|---|
| IPO Date | 25 to 27 September 2024 |
| IPO Price | ₹209 to ₹220 per share |
| Lot Size | 65 shares per lot |
| Issue Size | ₹341.95 crore |
| Fresh Issue | 100% (No Offer for Sale) |
| Listing Date | 30 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 Name | Listing Date | Day |
|---|---|---|
| Northern Arc Capital | 24 September 2024 | Tuesday |
| Arkade Developers Ltd | 24 September 2024 | Tuesday |
| Western Carriers | 24 September 2024 | Tuesday |
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!
