There is a rush of IPOs in the country’s stock market at present. The past few weeks have seen more than one IPO registered on the exchange. Now, once again, half a dozen IPOs will happen next week. If you did not invest in any IPO last week or forgot, then you have a great opportunity. These 7 IPOs include two motherboard IPOs and five SME segment IPOs.
Also, 13 companies are set to make their debut on the stock exchange next week. This also includes a big IPO like Bajaj Housing Finance. According to experts, the outlook for the Indian IPO market is very promising. Domestic companies can raise over Rs 1.50 lakh crore through an initial public offering (IPO) in the next 12 months. Let us also tell you which companies are preparing to go public.
Arcade Developers IPO
Arcade Developers IPO subscription will commence on September 16 and end on September 19. The IPO is a book issue of Rs 410 crore. In which a fresh issue of Rs 3.2 crore shares will be included. The price band for each share has been fixed between Rs 121 and Rs 128. Unistone Capital Private Limited will act as the lead book-running manager for the IPO. Whereas, BigShare Services Private Limited has been nominated as the registrar for the IPO.
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Northern Arc Capital IPO
Northern Arc Capital’s IPO is scheduled to open for subscription from September 16 and will close on September 19. The book issue is aimed at raising Rs 777 crore and comprises a fresh issue of 1.9 crore shares worth Rs 500 crore and an OFS of 1.05 crore shares worth Rs 277 crore. The price band for the IPO of Northern Arc Capital has been fixed between Rs 249 and Rs 263. The book-running lead managers for this IPO are ICICI Securities Limited, Axis Bank Limited and Citigroup Global Markets India Private Limited, while Kfin Technologies Limited will act as the registrar for the issue.
Ocel Devices IPO
Ocel Devices IPO will be open for subscription from September 16 to 19. This book issue is targeted to raise Rs 70.66 crore and includes a wholly fresh issue of 44.16 lakh shares. The price band for the IPO of Ocel Devices has been fixed between Rs 155 and Rs 160 per share. Horizon Management Private Limited will act as the book lead manager for this IPO. While Mass Services Limited will act as the registrar.
Pelatro IPO
Pelatro IPO is scheduled to open for subscription on September 16 and will close on September 19. This book issue is aimed at raising Rs 55.98 crore, which entirely includes a fresh issue of 27.99 lakh shares. The price band for Pelatro IPO is between Rs 190 and Rs 200. Cumulative Capital Private Limited has been appointed as the lead book-running manager for this IPO, while BigShare Services Private Limited will act as the registrar.
Paramount Specialty Forgings IPO
Paramount Specialty Forgings IPO will be available for subscription from September 17 to 19. The book issue is aimed at raising Rs 32.34 crore and includes fresh issue of Rs 48.02 crore shares worth Rs 28.33 crore as well as OFS of 6.8 crore shares valued at Rs 4.01 crore. The price band for Paramount Specialty Forgings IPO has been fixed between Rs 57 and Rs 59 per share. Swaraj Shares & Securities Pvt Ltd is the lead book-running manager for this IPO while Purva Sharegistry India Pvt Ltd will act as the registrar for the offer.
bikevo greentech IPO
Bikevo Greentech’s IPO, a book-based issue seeking to raise Rs 24.09 crore, will be open for subscription from September 18 to September 20. This IPO is a greenfield issue of 38.86 lakh shares. The price band for Bikevo Greentech IPO has been fixed between Rs 59 and Rs 62 per share. Khandwala Securities Limited has been appointed as the lead book-running manager for this IPO, while BigShare Services Private Limited will act as the registrar.
sd logo retail ipo
SD Retail Logo IPO will be open for subscription from September 20 to September 24. This book issue is aimed at raising Rs 64.98 crore and entirely comprises a fresh issue of 49.6 lakh shares. The price band for SD Retail Logo IPO has been fixed between Rs 124 and Rs 131 per share. Beeline Capital Advisors Pvt Ltd is the lead book-running manager for this IPO while Kfin Technologies Ltd will act as the registrar for the offer.
