First in the mainboard, the IPO of Premier Energies Limited 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.
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. First in the mainboard, the IPO of Premier Energies Limited 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 a minimum amount of ₹14,850 for 1 lot of 33 shares, 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 and Hospitality Limited
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 in the mainboard will be of Bazaar Style Retail Limited, which is a leading fashion retailer of Bengal and Odisha. Started in 2003, this company sells men’s, women’s and children’s clothes and household items. 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, the SME sector company bringing IPO this week, produces LABSA 90% 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 bring IPO in the SME sector is Jai B Laminations Limited, which supplies CRGO and CRNGO steel cores and manufactures electrical laminations, slotted coils and assembled cores. It was established in 1988. The third company to bring IPO in the SME sector is ViDeal Systems Limited, which specializes in electrical and automation solutions. Started in December 2009, this company includes LV and MV panels, VFD panels, EMS, and PLC panels.
New opportunities for investors in the IPO market
The fourth company in the SME sector 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 31 March 2024. The 5th company in the SME sector 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. Established in 2011, this company had 433 employees as of 31 March 2024.
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