The second half of September begins with a bang for the markets with investors spoilt for choices for investment in IPOs. While more and more retail investors are attracted to the IPOs to make a quick listing gain, this week will witness as many as 7 issues crowding IPO Street.
Apart from these 7, as many as 13 companies are going to open their innings in the stock exchanges. This heightened activity follows an eye-popping application money of Rs 3.23 trillion chasing the IPO of Bajaj Housing Finance.
IPOs this week
The IPOs to keep investors busy this week (beginning September 16, 2024) are Northern Arc Capital (bid opens September 16), Arkade Developers (September 16), Osel Devices (September 16), Pelatro (September 16), Paramount Speciality Forgings (September 17), BikeWo GreenTech (September 18), and SD Retail Logo (September 20).
Northern Arc, Arkade Developers
Chennai-based Northern Arc Capital is an NBFC that lends to the retail and MSME segments. The price band of an equity share is Rs 249-Rs 263. The management intends to mop up Rs 777 crore through this issue. Mumbai-based premium residential project builder Arkade Developers wishes to collect Rs 410 crore from this mainboard IPO. The price of a share has been fixed at Rs 121-128.
Osel Devices, Pelatro
LED display system and hearing aids manufacturer Osel Devices wants to raise Rs 70.66 crore through this SME IPO. The price band has been fixed at Rs 155-160 per equity share. Bengaluru-based Pelatro is floating an IPO to raise Rs 55.98 crore. It is offering an equity share at a price band of Rs 190-200 and the minimum lot size for a retail investor is 600 shares.
Paramount Speciality Forgings, BikeWo GreenTech, SD Retail Logo
The IPO of Mumbai-based steel forgings company Paramount Speciality Forgings intends to raise Rs 32.34 crore through this SME issue. The price band is between Rs 57 and Rs 59. Hyderabad-based electric two-wheeler retailer BikeWo GreenTech is raising Rs 24.09 crore. Each share has been priced at Rs 59-62.
SD Retail Logo, which is an Ahmedabad-based manufacturer-retailer of sleepwear and owner of the brand Sweet Dreams, is targeting to raise Rs 64.98 crore. Each share has been priced at Rs 124-131.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
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