This week, investors who are eyeing for upcoming ipos will be super busy as there are seven new launches scheduled this week while 13 more will debut on the stock exchanges as well. The IPO madness is brewing with time and this week marks one of the highest numbers of ipos to be launched. Out of the seven, there are two mainboard IPOs, while five others are sme segment ipo.
The growing confidence of the investors for IPO investment mainly goes to the successful IPOs launching every week and great momentum in the markets. Now let’s take a look at the list of upcoming ipos and upcoming listings.
Upcoming IPOs This Week
- Arkade Developers IPO: This is a ₹ 410 crore IPO which will open on 16 September and run until 19 September. Arkade Developers IPO is a book-built IPO with 3.2 crores of fresh equity shares with a price band of ₹ 121 to ₹ 128 per share.
- Northern Arc Capital IPO: Another mainboard IPO is the Northern Arc Capital IPO which is also opening on 16 September and you can subscribe to it until 19 September 2024. This is also a book-built IPO, which is aiming to raise ₹ 777 crores from this issue. This mainboard IPO will be a mix of fresh issues constituting ₹ 500 crore and the remaining ₹ 277 will come from the offer for sale (OFS). The price band for this IPO has been fixed between ₹ 249 to ₹ 263 per share.
- Osel Devices IPO: Now coming to the SME segment IPO, we first have Osel Devices IPO, which will be open between 16 and 19 September 2024 for subscription. This Osel Devices IPO is aiming for ₹ 70.66 crores from this issue with 44.16 lakh shares fresh equity shares. Thus, the price band has nee determined between ₹ 155 and ₹ 160 for each share.
- Pelatro IPO: Another sme segment IPO is Pelatro IPO, which you can start subscribing to from 16 September onwards and it will be open until 19 September. This book-built Pelatro IPO aims to raise ₹ 55.98 crore from a fresh equity issue of 27.99 lakh shares. The price band for this issue has been determined between ₹ 190 per share and ₹ 200 per share.
- Paramount Speciality Forgings IPO: This is another SME IPO, which is opening on 17 September, and you can subscribe to it until 19 September only. This Paramount Speciality Forgings IPO is looking to raise ₹ 32.34 crore from the issue of 48.02 lakh fresh equity shares and offer for sale of 6.8 lakh shares amounting to ₹ 28.33 crores and ₹4.01 crores respectively. The price band decided for the issue is ₹ 57- ₹ 59 per share.
- BikeWo GreenTech IPO: This new-age firm is coming up with its IPO on 18 September 2024 to raise around ₹ 24.09 crores. The IPO will be open from 18 September to 20 September and this is going to be a complete fresh equity share issue where 38.86 lakh shares will be up for subscription. The price band determined for the issue is ₹ 59 to ₹ 62 per share.
- SD Retail Logo IPO: This SD Retail Logo IPO will open on 20 September and run until 24 September. SD Retail is targeting to raise around ₹ 64.98 crore through its book-built issue of 49.6 lakh shares fresh equity shares. The price band decided for this IPO is ₹ 124 per share to ₹ 131 per share.
Upcoming Listings This Week
| Stock | Listing Date |
| Bajaj Housing Finance | 16 September |
| Tolins Tyre | 16 September |
| Kross | 16 September |
| Gajanand International | 16 September |
| Share Samadhan | 16 September |
| Subhashree Biofuels Energy | 16 September |
| Aditya Ultra Steel | 16 September |
| P N Gadgil Jewellers | 17 September |
| Trafiksol ITS Technologies | 17 September |
| SPP Polymers | 17 September |
| Innomet Advance Materials | 18 September |
| Excellent Wires and Packaging | 19 September |
| Sodhani Academy of Fintech Enablers | 20 September |
Wrapping UP
A robust market dynamic along with domestic investments is fueling the confidence of investors to invest in IPOs. This IPO Bull Run is expected to continue for the remaining year as well. So, if you are interested in investing in growing companies launching their ipos, you need to keep an eye on upcoming IPOs as mentioned in this article.
Source: Mint
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.