Exciting Week Ahead: 14 IPOs Set to Debut on NSE and BSE

The Indian stock market is gearing up for a bustling week with the listing of 14 Initial Public Offerings (IPOs) on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This week, three mainboard IPOs, including notable players like Northern Arc Capital, will make their market debuts, alongside 11 SME IPOs scheduled to begin trading on their respective platforms.

A Recap of Last Week’s Successful Listings

The previous week saw a flurry of activity in the IPO segment, with 12 new listings capturing investor attention. Among them, Bajaj Housing Finance stood out with a remarkable debut and impressive first-day gains. Other notable mainboard IPOs included PN Gadgil, Tolins Tyres, and Kross Ltd. Additionally, eight SME IPOs also joined the market, further enhancing the vibrancy of the stock exchange.

Upcoming Mainboard IPOs

1. Northern Arc Capital Limited

• Listing Date: September 24

• Issue Size: ₹777 Crore

• Issue Price: ₹263

Northern Arc Capital Ltd, a key player in the non-banking financial sector, will debut on both the NSE and BSE on September 24. The company successfully raised ₹777 crore through its IPO, which saw overwhelming demand from institutional investors, with the issue being subscribed 110.91 times. This offering consisted of a fresh issue of 1.9 crore shares and an offer for sale (OFS) of 1.05 crore shares. Share allotment status was announced on September 20, and shares are expected to be credited to Demat accounts and refunds initiated on September 23.

Founded in 2009, Northern Arc Capital specializes in providing financing solutions for micro, small, and medium enterprises (MSMEs), microfinance, vehicle financing, affordable housing, consumer finance, and agricultural finance.

2. Arkade Developers Limited

• Listing Date: September 24

• Issue Size: ₹410 Crore

• Issue Price: ₹128

Arkade Developers Ltd, a prominent real estate developer based in Mumbai, will also list its shares on September 24. The company’s ₹410-crore IPO was open for subscription from September 16 to 19 and was oversubscribed 106.4 times. The share allotment was finalized on September 20, and like Northern Arc, it will commence refunds and share credits on September 23.

3. Western Carriers (India) Limited

• Listing Date: September 24

• Issue Size: ₹492.88 Crore

• Issue Price: ₹172

Western Carriers (India) is set to debut on the BSE and NSE on September 24 as well. The logistics company’s IPO closed on September 19, raising ₹492.88 crore through a fresh issue of shares valued at ₹400 crore and an OFS of ₹93 crore. The offering was oversubscribed around 30 times. The company will announce the share allotment on September 20 and initiate refunds and credits on September 23.

Western Carriers offers logistics services across various sectors, including FMCG, building materials, metals, pharmaceuticals, and oil and gas.

11 SME IPOs Scheduled to Launch

In addition to the three mainboard listings, this week will see 11 SME public offers making their market debut. Notably, Popular Foundations Limited will list on the BSE SME platform, while the remaining IPOs will debut on the NSE SME platform, Emerge.

Key Dates for SME Listings

• September 24: Five SME IPOs will start trading. Alongside Popular Foundations Ltd on the BSE, Deccan Transcon Leasing Limited, Envirotech Systems, Pelatro Limited, and Osel Devices Limited will list on the NSE SME platform.

• September 25: Paramount Speciality Forgings Ltd will launch on the NSE SME platform, with an IPO size of ₹32.34 crore.

• September 26: Kalana Ispat Ltd will also debut on the NSE SME platform after successfully completing its ₹32.59-crore public offer.

• September 29: A busy Friday will witness four SME IPOs commencing trading on the NSE SME platform: BikeWo GreenTech Limited (₹24.09 crore), SD Retail Limited (₹64.98 crore), Phoenix Overseas Limited (₹36.03 crore), and Avi Ansh Textile Limited (₹25.99 crore).

In conclusion, This week promises to be an exciting time for investors as a total of 14 IPOs make their debuts on the Indian stock exchanges. The strong demand for the offerings, particularly from Northern Arc Capital, Arkade Developers, and Western Carriers, reflects investor confidence in these sectors. With numerous opportunities available, both in mainboard and SME categories, the upcoming listings present a vibrant marketplace for potential investors.

As always, it’s crucial for investors to conduct thorough research and consider their investment strategies carefully before participating in the IPO frenzy. With the Indian market showing resilience and growth potential, this week could mark the beginning of a fruitful investment journey for many.

Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Investors should seek advice from certified financial professionals before making investment decisions.