Upcoming IPOs:The IPO market was in action this week, with back to back openings of IPOs grabbing investors’ attention. A total of 5 mainboard and 12 SME segment IPOs opened for subscription between September 9 and 13. However, one of these mainboard and 4 SME IPOs will remain open till September 18.
Bajaj Housing Finance performed better than others among the IPOs that opened for subscription in the current week. It received 8.9 million applications, breaking the previous record of 7.35 million set by Tata Technologies. This public issue received huge bids from investors. The size of Bajaj Housing Finance’s IPO was Rs 6560 crore, while investors bid Rs 3,23,790.40 crore. That is, it has received bids for 46,25,57,71,082 shares in exchange for 686,000,009 shares.
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There is going to be a lot of activity in the IPO market in the week starting from Monday 16 September. The upcoming week is going to be full of opportunities for investors. During this time two mainboard and 5 SME IPOs are opening. Next week, IPOs of companies like Arkade Developers Limited and Northern Arc Capital Limited will open in the mainboard segment. At the same time, in the SME segment, issues of companies like Osel Devices Limited, Pelatro Limited, Paramount Speciality Forgings Limited, BikeWo GreenTech Limited and SD Retail Limited are also going to open for investors. Including mainboard and SME, companies plan to raise more than 1430 crores next week. You can check the details of the new issue opening for investors next week here.
These mainboard IPOs will open next week
Arkade Developers IPO
Arkade Developers company’s IPO is going to open on 16 September. The size of the mainboard IPO is Rs 410 crore. In this, fresh issues of only Rs 410 crore will be issued. For subscription This IPO will be open from September 16 to September 19. The company has fixed the price band for this issue at Rs 121 to Rs 128 per share.
Northern Arc Capital IPO
Next week, Northern Arc Capital’s IPO is also opening from September 16. The company will raise Rs 777 crore through this IPO. The company has fixed the price band for this at Rs 249 to Rs 263 per share. This IPO will be open for subscription from September 16 to September 19. In this public offering, fresh equity shares worth Rs 500 crore will be issued and shares worth Rs 277 crore will be sold through OFS i.e. Offer for Sale.
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These 5 new SME IPOs will also open
Osel Devices SME IPO – Size – Rs 70.66 crore
Pelatro SME IPO – Size – Rs 55.98 crore
Paramount Speciality Forgings SME IPO – Size – Rs 32.34 crore
BikeWo GreenTech SME IPO – Size – Rs 24.09 crore
SD Retail SME IPO – Size – Rs 64.98 crore
Meanwhile, shares of Bajaj Housing Finance, Cross and Tolins Tyres are set to make their debut in the markets on Monday, September 16, 2024. PN Gadgil Jewellers will be listed on the exchanges on Tuesday, September 17, 2024. The public issue of Western Carriers (India), which opened on Friday, September 13, will close on Wednesday, September 18, 2024. After this, the final allotment will be done on Thursday, September 19, 2024 and the company’s shares will be credited to the demat accounts on Friday, September 20, 2024. Shares of Western Carriers will be listed on BSE and NSE on Monday, September 23, 2024.
