IPO News: Three Mainboard IPOs to Open on the Same Day Next Week

 

IPO News: Three Mainboard IPOs to Open on the Same Day Next Week

Next week, three mainboard IPOs will open on the same day. Mainboard IPOs are those in which company shares are listed on BSE and NSE. The three companies are: Shringar House of Mangalsutra (a jewelry maker), Dev Accelerator (office space provider), and Urban Company (an online home & beauty services marketplace).

All three IPOs will open on September 10 and remain open until September 12. Share allotments are scheduled for September 15, and listings on the domestic stock exchanges will take place on September 17.

The special highlight is that all three IPOs are showing strong demand in the grey market, with a premium of up to 23% over the upper price band. However, market experts advise investors to make decisions based on company fundamentals and financials, not just grey market signals.

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Shringar House of Mangalsutra IPO

• Issue Size: ₹400.95 crore

• Price Band: ₹155–₹165

• Lot Size: 90 shares

• Employee Discount: ₹15 per share

• Grey Market Premium (GMP): ₹188 (+13.94% over upper price band)

• Financials:

  • Net profit grew at a CAGR of 61% (FY23–FY25) to ₹61.11 crore

  • Total income grew at 22% CAGR to ₹1,430.12 crore

  • Debt rose at 15% CAGR to ₹123.11 crore

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Dev Accelerator IPO

• Issue Size: ₹143.35 crore

• Price Band: ₹56–₹61

• Lot Size: 235 shares

• Grey Market Premium (GMP): ₹70 (+14.75% over upper price band)

• Financials:

  • Net profit jumped 304.65% YoY in FY25 to ₹1.74 crore

  • Total income rose 61.56% YoY to ₹178.89 crore

  • Debt increased from ₹101.05 crore to ₹130.67 crore

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Urban Company IPO

• Issue Size: ₹1,900 crore

• Price Band: ₹98–₹103

• Lot Size: 145 shares

• Employee Discount: ₹9 per share

• New Issue: ₹472 crore | Rest via Offer for Sale

• Grey Market Premium (GMP): ₹127 (+23.30% over upper price band)

• Financials:

  • Turned around from a loss of ₹92.77 crore to a profit of ₹239.77 crore in FY25

  • Total income grew 35.85% YoY to ₹1,260.68 crore

  • Reserves & Surplus increased from ₹2,404.69 crore to ₹2,646.12 crore

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⚠️ Disclaimer: The above information is provided for informational purposes only. Investments in the stock market are subject to risks. Always consult financial experts before making investment decisions.