Upcoming IPOs: Bajaj Housing, Gala Precision, Deepak Builders and 4 other firms get SEBI nod for initial public offerings; check details
Seven companies have received SEBI's approval for initial public offerings (IPO). These companies include Bajaj Housing Finance, Gala Precision Engineering, Diffusion Engineering, Deepak Builders & Engineers India, Manba Finance, Baazar Style Retail, and KRN Heat Exchanger & Refrigeration. However, some companies are still in the process of getting approval.
Companies in India are continuing to hit the bourses as around 38 IPOs took place in the first half of calendar year 2024, and the average listing gain of these IPOs was 25 per cent.
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IPO returns
Stocks like Exicom Tele-Systems, JNK India and Jyoti CNC Automation have given 100-300 per cent returns over the offer price.
These companies received SEBI approval for IPOs
Meanwhile, seven more companies have received SEBI's approval for initial public offerings (IPO). However, some are still in the process of getting approval.
Bajaj Housing Finance, Gala Precision Engineering, Diffusion Engineering, Deepak Builders & Engineers India, Manba Finance, Baazar Style Retail, and KRN Heat Exchanger & Refrigeration
These companies include Bajaj Housing Finance, Gala Precision Engineering, Diffusion Engineering, Deepak Builders & Engineers India, Manba Finance, Baazar Style Retail, and KRN Heat Exchanger & Refrigeration.
Details of upcoming IPOs
Let's look at these companies' IPO value and other details.
Bajaj Housing Finance IPO
Bajaj Housing Finance has received market regulator SEBI's nod for Rs 7,000 IPO.
Bajaj Housing Finance profile
Bajaj Finance arm Bajaj Housing Finance provides finance for housing. It offers loans to individuals and corporate companies for buying real estate properties.
Gala Precision Engineering
Gala Precision Engineering designs and manufactures precision components like high tensile fasteners, disc & strip springs, coil & spiral springs, and wedge lock washers.
Deepak Builders & Engineers India
The company provides construction services to government and private sectors.
Manba Finance
Manba Finance provides vehicle loans, personal loans, small business loans among others.
Baazar Style Retail
Baazar Style Retail is also known as Style Baazar. It is a multi-brand fashion retailer with over 165 stores in seven states in India.
KRN Heat Exchanger & Refrigeration
KRN Heat Exchanger is one of the leading manufacturers and exporters specialising in aluminum and copper fins and copper tube heat exchangers , water coils, condenser, and evaporator coils.
Diffusion Engineering
The company provides engineering solutions to customers both in domestic and international markets.
Companies that are currently processing IPO with SEBI
Swiggy
Swiggy is in the process of launching around Rs 10,400 crore IPO.
Niva Bupa Health Insurance Company IPO
Niva Bupa Health Insurance is preparing to launch around Rs 3,000 crore IPO.
SK Finance
SK Finance's IPO size would be around Rs 2,200 crore.
Suraksha Diagnostic
IPO size: Around Rs 800 crore
One Mobikwik Systems
IPO size: Around Rs 700 crore
Patel Retail
IPO size: Around Rs 250-325 crore
Hero Fincorp IPO
IPO size: Around Rs 4,000 crore fresh issues and offer for sale (OFS) too
Hyundai Motors and Shivalik Engineering
Hyundai Motors and Shivalik Engineering are also waiting for SEBI's approval for their IPOs.
These companies filed DHRP
In the last few days, companies like Manjushree Technopack, JSW Cement, Kalpataru, TruAlt Bioenergy, Innovision, Smartworks Coworking Spaces, and Zinka Logistics Solutions have also filed their DHRP for raising money through IPO.