Next week is set to be a busy one for the stock market with seven new IPOs and 13 listings planned. This includes two IPOs on the main board and five in the SME segment.
Among the listings is the much-anticipated debut of Bajaj Housing Finance. The continued momentum in the Indian IPO market shows growing interest from investors, with many public offerings receiving a strong response. According to Pantomath Capital, an investment bank, Indian companies could raise over ₹1.50 lakh crore through IPOs in the next 12 months.
Here’s a rundown of the IPOs that will be open for subscription next week:
Arkade Developers IPO
- Subscription period: September 16-19
- IPO size: ₹410 crore
- Shares offered: 3.2 crore shares (entirely fresh issue)
- Price band: ₹121-128 per share
- Lead manager: Unistone Capital Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
Northern Arc Capital IPO
- Subscription period: September 16-19
- IPO size: ₹777 crore (₹500 crore fresh issue, ₹277 crore offer for sale)
- Price band: ₹249-263 per share
- Lead managers: ICICI Securities Ltd, Axis Bank Ltd, Citigroup Global Markets India Pvt Ltd
- Registrar: Kfin Technologies Ltd
Osel Devices IPO
- Subscription period: September 16-19
- IPO size: ₹70.66 crore (entirely fresh issue of 44.16 lakh shares)
- Price band: ₹155-160 per share
- Lead manager: Horizon Management Pvt Ltd
- Registrar: Mas Services Ltd
Pelatro IPO
- Subscription period: September 16-19
- IPO size: ₹55.98 crore (entirely fresh issue of 27.99 lakh shares)
- Price band: ₹190-200 per share
- Lead manager: Cumulative Capital Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
Paramount Speciality Forgings IPO
- Subscription period: September 17-19
- IPO size: ₹32.34 crore (₹28.33 crore fresh issue, ₹4.01 crore offer for sale)
- Price band: ₹57-59 per share
- Lead manager: Swaraj Shares and Securities Pvt Ltd
- Registrar: Purva Sharegistry India Pvt Ltd
BikeWo GreenTech IPO
- Subscription period: September 18-20
- IPO size: ₹24.09 crore (entirely fresh issue of 38.86 lakh shares)
- Price band: ₹59-62 per share
- Lead manager: Khandwala Securities Ltd
- Registrar: Bigshare Services Pvt Ltd
SD Retail Logo IPO
- Subscription period: September 20-24
- IPO size: ₹64.98 crore (entirely fresh issue of 49.6 lakh shares)
- Price band: ₹124-131 per share
- Lead manager: Beeline Capital Advisors Pvt Ltd
- Registrar: Kfin Technologies Ltd
With multiple public offerings and listings, next week promises to be eventful for investors in the Indian stock market.
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