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7 Upcoming IPOs, 13 Listings, & 7 Allotments this Week

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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.

Source: Chittorgarh.com

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

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.

Source: Chittorgarh.com

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

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:

Source: Chittorgarh.com

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

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:

Source: Chittorgarh.com

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

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:

Source: Chittorgarh.com

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

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:

Source: Chittorgarh.com

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

StrengthsWeaknesses
Focus on Sustainability
Innovative Technology
Potential for Scalability
High Research and Development Costs
Supply Chain Challenges
Infrastructure Limitations
OpportunitiesThreats
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:

Source: Chittorgarh.com

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

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

Source: Moneycontrol.com

SME IPO Listings This Week

Source: Moneycontrol.com

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.

Source: Moneycontrol.com

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.

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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.

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