The initial public offering (IPO) buzz in the primary market is all set to continue also with seven new issues and thirteen listings scheduled for next week. These include two on the mainboard and five in the SME segment.
In addition to the new public offerings, the market will witness 13 listings next week, including the highly anticipated debut of Bajaj Housing Finance.
“The Indian Primary market has demonstrated robust momentum this week, with several public offerings drawing strong demand from investors. The persistent zest for IPOs and healthy subscription numbers highlights the increasing investor confidence in the Indian IPO market. The outlook for the Indian IPO market remains promising, with Pantomath Capital projecting that domestic companies could raise over ₹1.50 lakh crore through IPOs in the next 12 months, signaling continued activity and strong investor interest ahead,” said Pantomath Capital Advisors Private Limited, Trusted Mid-Market Investment Bank.
Here’s a list of IPOs which will remain open for subscription next week –
Arkade Developers IPO
The subscription period for Arkade Developers’ initial public offering (IPO) begins on September 16 and ends on September 19. The IPO is a book-built issue of ₹410 crore. This offering will consist solely of a fresh issue of 3.2 crore shares. The price band for the shares is set between ₹121 and ₹128 each.
The price band for the Arkade Developers IPO has been established at ₹121 to ₹128 per share. Unistone Capital Pvt Ltd serves as the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is designated as the registrar for the offering.
Northern Arc Capital IPO
The Northern Arc Capital IPO is set to open for subscription from September 16 and will close on September 19. This book-built issue aims to raise ₹777 crores and consists of a fresh issue of 1.9 crore shares worth ₹500 crores, along with an offer for sale of 1.05 crore shares valued at ₹277 crores.
The price band for the Northern Arc Capital IPO has been established at ₹249 to ₹263 per share. 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 serve as the registrar for the issue.
Osel Devices IPO
The Osel Devices IPO will be open for subscription from September 16 to September 19. This book-built issue aims to raise ₹70.66 crores and consists entirely of a fresh issue of 44.16 lakh shares.
The price band for the Osel Devices IPO is set between ₹155 and ₹160 per share. Horizon Management Private Limited acts as the book-running lead manager for this IPO, while Mas Services Limited serves as the registrar. Giriraj Stock Broking is designated as the market maker for the Osel Devices IPO.
Pelatro IPO
The Pelatro IPO is scheduled to open for subscription on September 16 and will close on September 19. This book-built issue aims to raise ₹55.98 crores, consisting entirely of a fresh issue of 27.99 lakh shares.
The price range for the Pelatro IPO has been fixed at ₹190 to ₹200 per equity share. Cumulative Capital Private Limited has been appointed as the book-running lead manager for this public issue, while Bigshare Services Pvt Ltd will serve as the registrar. Shree Bahubali Stock Broking has been designated as the market maker for the Pelatro IPO.
Paramount Speciality Forgings IPO
The Paramount Speciality Forgings IPO will be available for subscription from September 17 to September 19. This book-built issue aims to raise ₹32.34 crores and includes a fresh issue of 48.02 lakh shares totaling ₹28.33 crores, along with an offer for sale of 6.8 lakh shares amounting to ₹4.01 crores.
The price band for the Paramount Speciality Forgings IPO is set at ₹57 to ₹59 per share. Swaraj Shares and Securities Private Limited is the book-running lead manager for this IPO, while Purva Sharegistry India Pvt Ltd will act as the registrar for the offering. Shreni Shares is designated as the market maker for the Paramount Speciality Forgings IPO.
BikeWo GreenTech IPO
The BikeWo GreenTech IPO, a book-built issue seeking to raise ₹24.09 crores, will be open for subscription from September 18 to September 20. This offering consists entirely of a fresh issue of 38.86 lakh shares.
The price band for the BikeWo GreenTech IPO has been set at ₹59 to ₹62 per equity share. Khandwala Securities Limited has been appointed as the book-running lead manager for this public issue, while Bigshare Services Pvt Ltd will serve as the registrar.
SD Retail Logo IPO
The SD Retail Logo IPO will be open for subscription from September 20 to September 24. This book-built issue aims to raise ₹64.98 crores and consists entirely of a fresh issue of 49.6 lakh shares.
The price band for the SD Retail Logo IPO is set at ₹124 to ₹131 per share. Beeline Capital Advisors Pvt Ltd is the book-running lead manager for this IPO, while Kfin Technologies Limited will act as the registrar for the offering.
