3 Initial Public Offers (IPOs) will open on September 9 for listing in the stock market. These include Bajaj Housing Finance Limited, Cross Limited and Tolins Tyres Limited. Investors will be able to bid for all three IPOs till September 11. On September 16, the shares of these three companies will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Let us know about the IPOs of these three companies one by one. 1. Bajaj Housing Finance Limited Bajaj Housing Finance Limited wants to raise a total of ₹ 6,560 crores through this IPO. For this, the company is issuing 508,571,429 fresh shares worth ₹ 3,560 crores. Whereas, the existing investors of the company are selling 428,571,429 shares worth ₹ 3,000 crores through Offer for Sale (OFS). Retail investors can bid for a maximum of 2782 shares Bajaj Housing Finance Limited has fixed the price band of this issue at ₹66-₹70. Retail investors can bid for a minimum of one lot i.e. 214 shares. If you apply for 1 lot as per the IPO's upper price band of ₹70, then you will have to invest ₹14,980 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 2782 shares. For this, investors will have to invest ₹194,740 as per the upper price band. Bajaj Housing Finance's premium in the grey market is 66.43% Before the IPO opening, the company's shares have reached a premium of 66.43% i.e. ₹46 per share in the grey market. In such a situation, according to the upper price band of ₹ 70, its listing can happen at ₹ 116.5. However, this can only be estimated, the listing price of the share is different from the grey market price. 2. Cross Limited Cross Limited wants to raise a total of ₹ 230 crore through this IPO. For this, the company is issuing 8,849,558 fresh shares worth ₹ 200 crore. Whereas, the existing investors of the company are selling 1,327,434 shares worth ₹ 30 crore through Offer for Sale (OFS). Retail investors can bid for a maximum of 858 shares. Cross Limited has fixed the price band of this issue at ₹ 215-₹ 226. Retail investors can bid for a minimum of one lot i.e. 66 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 226, then you will have to invest ₹ 14,916 for it. At the same time, retail investors can apply for maximum 13 lots i.e. 858 shares. For this, investors will have to invest ₹ 193,908 as per the upper price band. Premium of Cross Limited in the grey market is 11.06% Before the IPO opening, the company's share has reached a premium of 11.06% i.e. ₹ 25 per share in the grey market. In such a situation, according to the upper price band of ₹ 226, its listing can happen at ₹ 251. However, from this only an estimate can be made, the listing price of the share is different from the price of the grey market. 3. Tolins Tyres Limited Tolins Tyres Limited wants to raise a total of ₹ 500 crore through IPO. For this, the company is issuing 10,416,667 fresh shares worth ₹ 250 crore. While, the existing investors of the company are selling 10,416,667 shares of ₹ 250 through Offer for Sale (OFS). Retail investors can bid for maximum 806 shares. Tolins Tyres Limited has fixed the price band of this issue as ₹ 228-₹ 240. Retail investors can bid for a minimum of one lot i.e. 62 shares. If you apply for 1 lot as per the IPO's upper price band of ₹ 240, then you will have to invest ₹ 14,880 for it. At the same time, retail investors can apply for maximum 13 lots i.e. 806 shares. For this, investors will have to invest ₹ 193,440 as per the upper price band. What is an IPO? When a company issues its shares to the general public for the first time, it is called an Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings an IPO.
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3 IPOs will open on 9 September: Opportunity to invest in Bajaj Housing Finance, Cross Limited and Tolins Tyres, minimum investment ₹ 14,880
