The stock market is buzzing with activity, especially as the upcoming week promises to be eventful with multiple Initial Public Offerings (IPOs), stock listings, and allotments. A total of 7 IPOs, 13 listings, and 7 allotment announcements are scheduled, making it an action-packed week for investors and market enthusiasts.
This rise in market activity comes after strong investor confidence, boosted by Bajaj Housing Finance’s huge public subscription of Rs 3.23 lakh crore last week.
Upcoming IPOs 2024: Mainboard issues this week
A. Northern Arc Capital IPO
Non-bank financial institution Northern Arc Capital will open for public subscription on September 16 and conclude on September 19. The price has been fixed in the range of Rs 249 to Rs 263 per share. The Rs 777-crore IPO of the Chennai-based company collected Rs 229 crore from anchor investors.
Offer Price | ₹249 to ₹263 Per Share |
Face Value | ₹10 Per Share |
Opening Date | September 16, 2024 |
Closing Date | September 19, 2024 |
Total Issue Size (In Shares) | 29,543,727 shares |
Total Issue Size (In Rs.) | ₹777.00 Cr |
Issue Type | Book Built Issue IPO |
Lot Size | 57 Shares |
Listing at | BSE, NSE |
Company Details
Northern Arc Capital is a non-banking financial company (NBFC) in India that provides retail loans to underserved households and businesses. It operates through a network of partners and uses technology to reach a wider range of customers.
SWOT Analysis of Northern Arc Capital IPO
Strengths | Weaknesses |
Strong Market Position Technology-Driven Experienced Management Team | Regulatory Risks Competition Concentration Risk |
Opportunities | Threats |
Growing Market Product Diversification Technology Adoption | Economic Downturn Interest Rate Volatility Credit Risk |
B. Arkade Developers IPO
The real estate company’s initial public offering (IPO) will open for public subscription on September 16 and close on September 19. Before the IPO, Arkade Developers secured Rs 122.40 crore from anchor investors. The price band for its Rs 410-crore IPO has been set at Rs 121-128 per share.
Offer Price | ₹121 to ₹128 Per Share |
Face Value | ₹10 Per Share |
Opening Date | September 16, 2024 |
Closing Date | September 19, 2024 |
Total Issue Size (In Shares) | 32,031,250 shares |
Total Issue Size (In Rs.) | ₹410.00 Cr |
Issue Type | Book Built Issue IPO |
Lot Size | 110 Shares |
Listing at | BSE, NSE |
Company Details:
Arcade Developers, Inc. is a video game development studio specializing in creating arcade-style games. They focus on developing fast-paced, action-oriented games with simple controls and high replayability.
SWOT Analysis of Arcade Developers IPO
Strengths | Weaknesses |
Expertise in Arcade Games Strong IP Portfolio Adaptability to Market Trends | Dependency on Technology High Development Costs Limited Diversification |
Opportunities | Threats |
Emerging Platform Mergers and Acquisitions Virtual Reality and Augmented Reality | Intellectual Property Theft Regulatory Changes Technological Disruptions |
Upcoming IPOs 2024: SME issues this week
Paramount Speciality Forgings
The SME offering, valued at Rs 32.34 crore, will be available for public subscription from September 17 to September 19. Shares are priced within a range of Rs 57 to Rs 59 per share, with a minimum bid size of 2,000 shares.
IPO Details:
Offer Price | ₹ 57 to ₹59 Per Share |
Face Value | ₹ 10 Per Share |
Opening Date | September 17, 2024 |
Closing Date | September 19, 2024 |
Total Issue Size (In Shares) | 5,482,000 shares |
Total Issue Size (In Rs.) | ₹32.34 Cr |
Issue Type | Book Built Issue IPO |
Lot Size | 2000 Shares |
Listing at | NSE, SME |
Company Details
Paramount Speciality Forgings is an Indian company that manufactures steel forgings. The company produces a wide range of forged products, including tube sheet blanks, rings, spacers, girth flanges, tire rings, self-reinforced nozzles, long weld neck flanges, seats, valve bodies, and bonnets. These products find applications in various industries, such as petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering.
SWOT Analysis of Paramount Speciality Forgings
Strengths | Weaknesses |
Strong Customer Base Diverse Product Range Quality Certifications | Exposure to Fluctuations in Raw Material Prices Competition from Larger Players Dependence on a Few Key Customers |
Opportunities | Threats |
Growing Demand for Forged Products Expansion into New Markets Product Diversification | Trade Restrictions and Tariffs Technological AdvancementsEconomic Downturns |
Osel Devices
This Rs 70.66 crore SME issue will be open for investors from September 16 to September 19. The price band is set between Rs 155 and Rs 160 per share, with a lot size of 800 shares.
IPO Details:
Offer Price | ₹155 to ₹160 Per Share |
Face Value | ₹10 Per Share |
Opening Date | September 16, 2024 |
Closing Date | September 19, 2024 |
Total Issue Size (In Shares) | 4,416,000 shares |
Total Issue Size (In Rs.) | ₹ 70.66 Cr |
Issue Type | Book Built Issue IPO |
Lot Size | 800 Shares |
Listing at | NSE, SME |
Osel Devices is a medical device company specializing in the development and manufacturing of innovative solutions for healthcare providers. They focus on creating cutting-edge technologies that improve patient outcomes and streamline clinical workflows.
Company Details:
SWOT Analysis of Osel Devices
Strengths | Weaknesses |
Innovative Product Portfolio Strong Regulatory Compliance Strategic Partnerships | High Research and Development Costs Regulatory Hurdles Reimbursement Challenges |
Opportunities | Threats |
Growing Healthcare Market Technological Advancements Personalized Medicine | Supply Chain Disruptions Intellectual Property Infringement Regulatory Changes |
Pelatro
The Rs 55.98 crore issue will open for subscription on September 16 and close on September 19, with a price range set between Rs 190 and Rs 200 per share and a minimum bid size of 600 shares.
IPO Details:
Offer Price | ₹190 to ₹200 Per Share |
Face Value | ₹10 Per Share |
Opening Date | September 16, 2024 |
Closing Date | September 19, 2024 |
Total Issue Size (In Shares) | 2,799,000 shares |
Total Issue Size (In Rs.) | ₹55.98 Cr |
Issue Type | Book Built Issue IPO |
Lot Size | 600 Shares |
Listing at | NSE, SME |
Company Details
Pelatro is a global provider of customer engagement solutions for mobile operators. The company offers a suite of products and services that help mobile operators enhance customer loyalty, increase revenue, and improve customer experience. Pelatro’s solutions are designed to address the unique challenges faced by mobile operators in today’s competitive market.
SWOT Analysis of Pelatro
Strengths | Weaknesses |
Strong Product Portfolio Global Presence Customer Focus | Competition from Larger Players Dependence on Mobile Operators Rapid Technological Changes |
Opportunities | Threats |
Growth in Mobile Subscriptions Increasing Demand for Customer Engagement Solutions Emerging Technologies | Cybersecurity Risks Regulatory Changes Economic Downturns |
BikeWo GreenTech
This Rs 24.09 crore issue will begin its subscription period on September 18 and close on September 20. The price range is set between Rs 59 and Rs 62 per share, with a lot size of 2,000 shares.
IPO Details:
Offer Price | ₹ 59 to ₹62 Per Share |
Face Value | ₹ 10 Per Share |
Opening Date | September 18, 2024 |
Closing Date | September 20, 2024 |
Total Issue Size (In Shares) | 3,886,000 shares |
Total Issue Size (In Rs.) | ₹24.09 Cr |
Issue Type | Book Built Issue IPO |
Lot Size | 2000 Shares |
Listing at | NSE, SME |
Company Details:
BikeWo GreenTech is a company focused on developing innovative electric vehicle technology, particularly for bicycles and scooters. They aim to promote sustainable transportation and reduce carbon emissions.
SWOT Analysis of BikeWo GreenTech
Strengths | Weaknesses |
Focus on Sustainability Innovative Technology Potential for Scalability | High Research and Development Costs Supply Chain Challenges Infrastructure Limitations |
Opportunities | Threats |
Growing Demand for Electric Vehicles Global Market Expansion Partnerships and Collaborations | Competition from Established Players Technological Disruptions Change in Government Policies |
SD Retail Logo: With an issue size of Rs 64.98 crore, the subscription for this SME will be open from September 20 to September 24. The price range is Rs 124 to Rs 131 per share, with a lot size of 1,000 shares.
IPO Details:
Offer Price | ₹124 to ₹131 Per Share |
Face Value | ₹ 10 Per Share |
Opening Date | September 20, 2024 |
Closing Date | September 24, 2024 |
Total Issue Size (In Shares) | 4,960,000 shares |
Total Issue Size (In Rs.) | ₹64.98 Cr |
Issue Type | Book Built Issue IPO |
Lot Size | 1000 Shares |
Listing at | NSE, SME |
Company Details:
Incorporated in May 2004, S D Retail Limited creates and sells sleepwear under the “SWEET DREAMS” brand. They design comfortable sleepwear for everyone, celebrating the transition from work to home life. Their products are designed for men, women, and children aged 2-16, offering a variety of sizes to fit different body types. As of February 29, 2024, they sold their products through distributors, their own stores, other stores, and online platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and their own website, both in India and other countries.
SWOT Analysis
Strengths | Weaknesses |
Established Brand Diverse Product Range Strong Distribution Network | Dependence on a Single Brand Competition from Larger Players Seasonal Demand |
Opportunities | Threats |
Market Expansion Product Innovation Online Sales Growth | Changing Consumer Preferences Increasing Competition Supply Chain Disruptions |
13 Listings in a Single Week
Alongside the new IPOs, D-Street will also witness 13 companies making their stock market debut. The listings include companies that have already completed their IPO processes and are set to be traded publicly for the first time.
Mainboard IPO Listings This Week
Mainboard IPO Name | Listing Date |
Bajaj Housing Finance IPO | September 16 |
Tolins Tyres | September 16 |
Kross | September 16 |
P N Gadgil Jewelers | September 15 |
SME IPO Listings This Week
SME IPO Name | Listing Date |
Gajanand International | September 16 |
Share Samadhan | September 16 |
Shubhshree Biofuels Energy | September 16 |
Aditya Ultra Steel | September 16 |
Trafiksol ITS Technologies | September 17 |
SPP Polymers | September 17 |
Innomet Advanced Materials | September 18 |
Excellent Wires & Packaging | September 19 |
Sodhani Academy of Fintech Enablers | September 20 |
Allotments: A Critical Aspect for Investors
In addition to IPOs and listings, seven allotments are set to take place. Investors who have applied for IPO shares will find out if they have been allocated shares. The allotment process is crucial for retail and institutional investors as it determines how many shares they will receive from their applications.
IPO Name | Type | Allotment Date |
Excellent Wires & Packaging | SME | September 16 |
Innomet Advanced Materials | SME | September 16 |
Envirotech Systems Ltd. | SME | September 18 |
Sodhani Academy of Fintech Enablers | SME | September 18 |
Western Carriers India | Mainboard | September 19 |
Popular Foundations Ltd. | SME | September 19 |
Deccan Transcon Leasing Ltd. | SME | September 19 |
These allotments will be announced throughout the week, giving investors a clearer picture of their investment commitments. Investors should keep an eye on allotment dates and follow up with their brokers to track them.
Market Sentiment and Investor Outlook
The upcoming IPOs and listings highlight the strong market sentiment currently prevailing on Dalal Street. With positive economic indicators and a bullish stock market, companies are looking to take advantage of the favorable environment by raising capital through public offerings.
On the other hand, investors are keen to diversify their portfolios by investing early in companies with growth potential. However, thorough research, including closely examining the company’s fundamentals, financial health, and industry position, is essential for making informed investment decisions.
Conclusion
The coming week is set to be exciting for the Indian stock market, with IPOs, listings, and allotments creating buzz on D-Street. This can be a chance for investors to explore new companies and diversify their portfolios. But it’s important to invest wisely by researching and considering your risk tolerance.
Know more about
IPO | Current IPO | Upcoming IPO | Listed IPO
*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.