IPO News: The next businessman will open three mainboard IPOs on the same day. Mainboard IPO i.e. IPOs of companies whose shares will be listed on BSE and NSE. It has one company Mangalasutra -making Srinagar House of Mangalsutra, Dev Accelerator, who provides another company office space, and third company online company online marketplace Urban Company (Urban Company). All these IPOs will open on 10 September and will be open till 12 September. His shares will be allotted on September 15 and the entry in the domestic stock market will be on 17 September.
The special thing is that all these are very strong in the gray market and up to 23% premium from the upper price band. However, according to the market expert, instead of the signals received from the gray market, the decision related to investment was taken on the basis of fundamentals and financials of the company. Details of these three companies and their IPOs are being given here.
Shringar house of mangalsutra iPo
Srinagar House of Mangalsutra will be able to invest a price band of ₹ 155-₹ 165 in an IPO of ₹ 400.95 crore and in a lot of 90 shares. Employees will get a discount of ₹ 15 on every stock. Under this issue, only new shares will be released. Its stocks in the gray market are at ₹ 188 i.e. 13.94% premium from IPO’s upper price band. Talking about the business of Mangalasutra company, its net profit between FY 2023 to FY 2025 increased from 61% compound speed (CAGR) to ₹ 61.11 crore and total income increased to ₹ 1,430.12 crore to ₹ 1,430.12 crore. The loan on the company also increased from CAGR of about 15% to ₹ 123.11 crore.
Dev will be able to invest a price band of ₹ 56-₹ 61 in an IPO of ₹ 143.35 crore of the accelerator and in a lot of 235 shares. Under this issue, only new shares will be released. Its stocks in the gray market are at ₹ 70 i.e. 14.75% premium from IPO’s upper price band. Talking about the business health of Dev Accelerator, a company providing office space, the company’s net profit in FY 2025 jumped 304.65% on an annual basis to ₹ 1.74 crore and Total Income increased by 61.56% to ₹ 178.89. However, during this period, the loan on the company also increased from ₹ 101.05 crore to ₹ 130.67 crore.
On the online marketplace urban company’s ₹ 1,900.00 crore IPO providing home and beauty services, you will be able to invest a price band of ₹ 98-₹ 103 and 145 shares in lots. Employees will get a discount of ₹ 9 on every stock. Under this issue, new shares of ₹ 472.00 crore will be issued and the remaining shares will be sold under Fall Sale. Its stocks in the gray market are at ₹ 127 i.e. 23.30% premium from IPO’s upper price band. Talking about the business of the company’s business, the company reached a net profit of ₹ 92.77 crore on an annual basis in FY 2025 and during this time the company’s total income also increased by 35.85% to ₹ 1,260.68. During this period, the company’s reserve and surplus also increased from ₹ 2,404.69 crore to ₹ 2,646.12 crore.
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