Upcoming IPO – Western Carriers (India) Limited, Northern Arc Capital Limited, Western Carriers (India) Limited
The Indian ongoing IPO market is seeing heightened activity this September with various companies launching their Initial Public Offerings (IPOs). Sectors such as logistics, real estate, and financial services are well represented, offering a variety of investment opportunities. Below is a detailed look at some of the key ongoing IPOs, with information about their price bands, minimum investments, and subscription levels.
1. Northern Arc Capital Limited
- Security Type: Equity (EQ)
- Issue Size – 777 Cr
- Issue Dates: 16-Sep-2024 to 19-Sep-2024
- Price Band: ₹249 to ₹263 per share
- Grey Market Premium (GMP): ₹175
- Minimum Investment: ₹14,862 for 1 lot (57 shares)
- Retail Quota: 35%
- Subscription: 1.03x (as of now)
Northern Arc Capital, a major player in the financial services sector, is raising funds to strengthen its lending portfolio. With a GMP of ₹175, this IPO is gaining attention among retail investors.
2. Arkade Developers Limited
- Security Type: Equity (EQ)
- Issue Size – 410 Cr
- Issue Dates: 16-Sep-2024 to 19-Sep-2024
- Price Band: ₹121 to ₹128 per share
- GMP: 70
- Minimum Investment: ₹14,080 for 1 lot (110 shares)
- Retail Quota: 35%
- Subscription: 2.78x (as of now)
Arkade Developers, a real estate firm, is attracting significant attention with its promising projects in Mumbai. The subscription level shows high retail interest, especially given the relatively affordable price band.
3. Western Carriers (India) Limited
- Security Type: Equity (EQ)
- Issue Dates: 13-Sep-2024 to 19-Sep-2024
- Issue Size: ₹492.88 crore
- Price Band: 163.00 to 172.00
- GMP – 55
- Subscription: 2.38x (as of now)
Western Carriers is a logistics company that offers multi-modal transport solutions. The company aims to raise funds to repay debt and purchase new equipment. Despite some information still pending, the IPO is already well-subscribed.
4. Sammaan Capital Limited
- Security Type: Debt
- Issue Dates: 06-Sep-2024 to 19-Sep-2024
- Subscription: 0.02x (as of now)
Sammaan Capital is offering debt instruments with low subscription so far. It’s primarily aimed at institutional and high-net-worth investors rather than retail investors.
5. Osel Devices Limited (SME IPO)
- Security Type: SME Equity (SME)
- Issue Size – 70 Cr
- Issue Dates: 16-Sep-2024 to 19-Sep-2024
- Price Band: ₹155 to ₹160 per share
- GMP: ₹110
- Subscription: 6.34x (as of now)
Osel Devices, a medical equipment manufacturer, is an SME IPO with a high subscription level. This IPO is particularly attractive to retail investors due to its strong grey market presence and substantial oversubscription.
6. Pelatro Limited (SME IPO)
- Security Type: SME Equity (SME)
- Issue Size – 55 Cr
- Issue Dates: 16-Sep-2024 to 19-Sep-2024
- Price Band: ₹190 to ₹200 per share
- Subscription: 0.71x (as of now)
Pelatro, which offers marketing solutions through data analytics, has seen relatively lower interest from investors so far. The company’s niche services may attract a more targeted group of investors.
7. Deccan Transcon Leasing Limited (SME IPO)
- Security Type: SME Equity (SME)
- Issue Size – 65 Cr
- Issue Dates: 13-Sep-2024 to 18-Sep-2024
- Subscription: 13.94x (as of now)
- GMP – 55
Deccan Transcon Leasing’s IPO is heavily oversubscribed, showing strong investor interest in this SME player. The company offers leasing solutions in the infrastructure sector, a rapidly growing segment in India.
8. Envirotech Systems Limited (SME IPO)
- Security Type: SME Equity (SME)
- Issue Size – 56 Cr
- Issue Dates: 13-Sep-2024 to 19-Sep-2024
- Subscription: 6.79x (as of now)
Envirotech Systems provides noise control and soundproofing solutions. The SME IPO is performing well, with significant retail interest.
Upcoming SME IPOs in India (September 2024)
1. Archit Nuwood Industries Limited IPO
- Open Date: Not yet announced
- Close Date: Not yet announced
- Issue Price: ₹257 to ₹270 per share
- Issue Size: ₹168.48 crores
- Lot Size: 400 shares
- Exchange: BSE SME
2. KRN Heat Exchanger and Refrigeration Limited IPO
- Open Date: September 25, 2024
- Close Date: September 27, 2024
- Listing Date: October 3, 2024
- Issue Price: Not yet announced
- Exchange: BSE, NSE
3. WOL3D India Limited IPO
- Open Date: September 23, 2024
- Close Date: September 25, 2024
- Listing Date: September 30, 2024
- Exchange: NSE SME
4. Rappid Valves (India) Limited IPO
- Open Date: September 23, 2024
- Close Date: September 25, 2024
- Issue Price: ₹210 to ₹222 per share
- Issue Size: ₹30.41 crores
- Lot Size: 600 shares
- Listing Date: September 30, 2024
- Exchange: NSE SME
5. SD Retail Limited IPO
- Open Date: September 20, 2024
- Close Date: September 24, 2024
- Issue Price: ₹124 to ₹131 per share
- Issue Size: ₹64.98 crores
- Lot Size: 1,000 shares
- Listing Date: September 27, 2024
- Exchange: NSE SME
6. Avax Apparels And Ornaments Limited IPO
- Open Date: September 20, 2024
- Close Date: September 24, 2024
- Issue Price: ₹70 per share
- Issue Size: ₹1.92 crores
- Lot Size: 2,000 shares
- Listing Date: September 27, 2024
- Exchange: BSE SME
7. Avi Ansh Textile Limited IPO
- Open Date: September 20, 2024
- Close Date: September 24, 2024
- Issue Price: ₹62 per share
- Issue Size: ₹26 crores
- Lot Size: 2,000 shares
- Listing Date: September 27, 2024
- Exchange: NSE SME
8. Phoenix Overseas Limited IPO
- Open Date: September 19, 2024
- Close Date: September 23, 2024
- Issue Price: ₹61 to ₹64 per share
- Issue Size: ₹36.03 crores
- Lot Size: 2,000 shares
- Listing Date: September 26, 2024
- Exchange: NSE SME
9. BikeWo GreenTech Limited IPO
- Open Date: September 18, 2024
- Close Date: September 20, 2024
- Issue Price: ₹59 to ₹62 per share
- Issue Size: ₹24.09 crores
- Lot Size: 2,000 shares
- Listing Date: September 25, 2024
- Exchange: NSE SME
10. Paramount Speciality Forgings Limited IPO
- Open Date: September 17, 2024
- Close Date: September 19, 2024
- Issue Price: ₹57 to ₹59 per share
- Issue Size: ₹32.34 crores
- Lot Size: 2,000 shares
- Listing Date: September 24, 2024
- Exchange: NSE SME
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