12 IPOs coming up next week including 8 SME IPOs to raise over $1 billion

Next week will witness 12 initial public offerings (IPOs), including four larger businesses and eight small and medium enterprises (SMEs). These are looking to raise a combined $1 billion or ₹8,600 crore.
This comes at a time when most of the main board IPOs in August saw an average subscription 75 times over, with the average for 2024 so far being 66 times.
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The four larger main board IPOs include that of Bajaj Housing Finance, which is expected raise around ₹6,560 crore, P N Gadgil Jewellers ( ₹1,100 crore), Kross Ltd ( ₹500 crore), and Tolins Tyres ( ₹230 crore).
Among these, Bajaj Housing Finance, Kross Ltd, and Tolins Tyres will open for subscription on September 9 and close on September 11, while P N Gadgil Jeweller will open on September 10 and close on September 12.
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The grey market premium (GMP) for Bajaj Housing Finance is currently at ₹51 a share, which is an increase of 73% from its upper end price band. It is 12% higher for Tolins Tyres, and 37% higher for P N Gadgil Jewellers.
The IPOs of Gajanand International, Share Samadhan, Shubhshree Biofuels Energy and Aditya Ultra Steel will open for subscription on September 9 and close on September 11.
Trafiksol ITS Technologies and SPP Polymer IPOs will open on September 10 and close on September 13.
Innomet Advanced Materials and Excellent Wires & Packaging will open on September 11 and close on September 13.
These firms are expected to raise between ₹12-45 crore each through their IPOs.
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