In addition to the new public offerings, the street will also see 13 listings next week, including the high-profile debut of Bajaj Home Financing.
Analysts said this surge in activity reflects the growth investor confidence and points to a vibrant environment for capital raising, underscoring India’s strong economic fundamentals.
“The outlook for India IPO The market remains promising, with Pantomath Capital “Domestic companies are projected to raise over Rs 1.50 lakh crore through IPOs in the next 12 months, indicating continued activity and strong investor interest going forward,” he said. Pantomath Capital Advisors.
Here’s what’s on the table for next week’s IPO
Arkade Developers IPO
The initial public offer (IPO) of Arkade Developers, a Mumbai-based real estate company, will open for subscription on September 16. The issue, which is a greenfield sale of shares for Rs 410 crore, will close on September 18. The price band for the issue is fixed at Rs 121-128 per share. In the public offer, about 50% is reserved for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors.
The company intends to use the net proceeds for the development of its current and future projects and the acquisition of funds for the future. real estate general corporate projects and purposes.
Arkade Developers is a leading real estate development company with a significant presence in Mumbai. Its operations focus on developing luxury, aspirational lifestyle homes in the region.
Northern Arc Capital IPO
Diversified financial services platform Capital of the Northern ArcThe Rs 777 crore IPO will open for subscription on September 16 and close on September 19.
The company plans to raise funds through an IPO by issuing equity shares of a face value of Rs 10 each, comprising a fresh issue totalling up to Rs 500 crore and an offer for sale totalling up to 10,532,320 shares.
According to the offer for sale, those selling their shares include LeapFrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Augusta Investments II, Eight Roads Investments Mauritius II, Dvara Trust, 360 ONE Special Opportunities Fund and Sumitomo Mitsui Banking.
The company proposes to use the net proceeds to meet future capital needs for future borrowings.
Northern Arc is a diversified financial services platform primarily set up with a mission to meet the diverse retail credit needs of underprivileged households and businesses in India. It has developed expertise in the credit enablement space across its focus sectors in India, namely SME finance, MFI finance, consumer finance, vehicle finance, affordable housing finance and agricultural finance.
SME segment
In the SME segment, five IPOs from Pelatro Ltd, Osel Devices, Paramount Speciality Forgings, BikeWo GreenTech and SD Retail will open for subscription next week.
While Pelatro’s Rs 56 crore issue and Osel Devices’ Rs 70.66 crore IPO will commence on September 16, Paramount and Bikewo will launch their public offers in the following days on September 17 and 18 respectively. Lastly, SD Retail’s Rs 65 crore IPO will be launched on September 20.
(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the views of the Economic Times)
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