In the week starting from September 16, 2024, the primary market will witness the launch of 7 new IPOs, including two mainboard IPOs.
Additionally, five IPOs that are already open will continue to provide investment opportunities.
On the listing front, 13 companies will be debuting in the stock market, including Bajaj Housing Finance, marking a significant event as it becomes the first Bajaj Group company to be listed in years.
New IPOs Opening This Week
The week starting from September 16, 2024, will see a wave of Initial Public Offerings (IPOs) hitting the primary market.
Seven new IPOs will be available for subscription, with two mainboard issues and five SME IPOs. Here’s a quick look at some of the prominent IPOs opening this week:
- Pelatro IPO: Opening from September 16 to 19 with a price band of ₹190-₹200 per share. It aims to raise ₹55.98 crore and will be listed on NSE SME on September 24.
- Northern Arc Capital IPO: A public issue of ₹777 crore, open from September 16 to 19, price band ₹249-₹263 per share, to be listed on BSE, NSE on September 24.
- Osel Devices IPO: Opens on September 16, closes on September 19, aiming to raise ₹70.66 crore with a price band of ₹155-₹160 per share. Listing on NSE SME on September 24.
Other IPOs opening include Arkade Developers, Paramount Speciality Forgings, BikeWo GreenTech, and SD Retail Logo IPO, all offering various opportunities for investors.
IPOs Already Open
Several IPOs that opened last week will continue for subscription into the new week:
- Sodhani Academy of Fintech Enablers IPO: Closes on September 17, aiming to raise ₹6.12 crore.
- Popular Foundations IPO: Open till September 18, subscription is currently 1x for this ₹19.87 crore issue.
- Deccan Transcon Leasing IPO: This ₹65.06 crore issue, closing on September 18, has been subscribed nearly 4x.
Other IPOs like Envirotech Systems and Western Carriers (India) are also attracting investor attention.
Companies Listing This Week
A total of 13 companies will be listed on stock exchanges, with four mainboard companies including Bajaj Housing Finance set to debut. Some of the listings include:
September 16: Gajanand International, Shubhshree Biofuels Energy, Kross, Tolins Tyres, Bajaj Housing Finance
September 17: Trafiksol ITS Technologies, SPP Polymers
September 18: Innomet Advanced Materials
September 19: Excellent Wires and Packaging
With these listings, investors have multiple opportunities to diversify their portfolios.
