ndia’s IPO market remains vibrant, with a variety of upcoming offerings across different sectors. For the week starting September 16, 2024, investors can look forward to both mainboard and SME (Small and Medium Enterprises) IPOs, offering opportunities in sectors like real estate, financial services, medical devices, and manufacturing.
Key Mainboard IPOs
- Arkade Developers
- Opening: September 16, 2024
- Closing: September 19, 2024
- Price Band: ₹121-128 per share
- Lot Size: 110 shares
- Issue Size: ₹410 crore
- Business: Arkade Developers is a real estate company focused on residential and commercial projects. The IPO proceeds will be used for future projects and general corporate purposes.
- Northern Arc Capital
- Opening: September 16, 2024
- Closing: September 19, 2024
- Price Band: ₹249-263 per share
- Issue Size: ₹777 crore (includes a fresh issue of ₹500 crore and an offer for sale of ₹277 crore)
- Business: A leading financial services provider, Northern Arc Capital plans to utilize the IPO funds to strengthen its loan book and capital adequacy ratio.
- Osel Devices
- Opening: September 16, 2024
- Closing: September 19, 2024
- Price Band: ₹155-160 per share
- Issue Size: ₹70.66 crore
- Business: A medical devices company, Osel Devices focuses on providing advanced healthcare solutions. The proceeds will go towards expanding production capacity and further product development.
SME IPOs
- Pelatro
- Opening: September 16, 2024
- Closing: September 19, 2024
- Price Band: ₹190-200 per share
- Issue Size: ₹55.98 crore
- Business: Pelatro provides data analytics solutions, primarily focusing on customer engagement for telecom companies. The funds will be used to expand its customer base and develop software offerings.
- BikeWo GreenTech
- Opening: September 18, 2024
- Closing: September 20, 2024
- Price Band: ₹59-62 per share
- Issue Size: ₹24.09 crore
- Business: This electric two-wheeler manufacturer aims to capitalize on the booming EV market. The IPO proceeds will be used to enhance production capacity and expand market reach.
- Paramount Speciality Forgings
- Opening: September 17, 2024
- Closing: September 19, 2024
- Price Band: ₹57-59 per share
- Issue Size: ₹32.34 crore
- Business: Specializes in manufacturing forged components, catering to sectors like automotive and aerospace. The funds will be used for capacity expansion.
Listings Next Week
- Bajaj Housing Finance, Tolins Tyres, and Kross will debut on September 16, 2024, while PN Gadgil Jewellers will list on September 17, 2024. These listings follow strong investor interest in the previous weeks.
Investors should note the diversity in sectors, ranging from real estate and financial services to electric vehicles and medical devices. These offerings present varied opportunities for both short-term gains and long-term investment, depending on risk appetite and sector interest.
Conclusion
The Indian IPO market is buzzing with activity, offering investors multiple avenues to explore across different sectors. With prominent companies like Arkade Developers and Northern Arc Capital leading the mainboard, and niche players in the SME space like BikeWo GreenTech, there’s ample opportunity for both seasoned and new investors.
