Overview of Upcoming IPOs in the Week of September 23, 2023
The primary market is set to witness significant activity starting from September 23, 2023, as 11 new Initial Public Offerings (IPOs) are slated to open. This week’s offerings include two issues from the mainboard segment, alongside opportunities to invest in four already-opened IPOs. Furthermore, 14 companies are expected to make their stock market debut this week, making it an exciting time for investors. Below is a comprehensive list of the companies launching their IPOs.
Newly Opened IPOs
| Company Name | Opening Date | Closing Date | Price Band (₹) | Lot Size | Target Amount (₹ Crores) | Listing Date |
|---|---|---|---|---|---|---|
| Manba Finance | September 23 | September 25 | 114-120 | 125 | 150.84 | September 30 |
| Rapid Valves (India) | September 23 | September 25 | 210-222 | 600 | 30.41 | September 30 |
| WOL 3D | September 23 | September 25 | 142-150 | 1000 | 25.56 | September 30 |
| Thinking Hats Entertainment Solutions | September 25 | September 27 | 42-44 | 3000 | 15.09 | October 3 |
| Unilex Colors and Chemicals | September 25 | September 27 | 82-87 | 1600 | 31.32 | October 3 |
| TechEra Engineering | September 25 | September 27 | 75-82 | 1600 | 35.90 | October 3 |
| KRN Heat Exchanger | September 25 | September 27 | 209-220 | 65 | 341.95 | October 3 |
| Forge Auto International | September 26 | September 30 | 102-108 | 1200 | 31.10 | October 4 |
| Sahasra Electronics Solutions | September 26 | September 30 | 269-283 | 400 | 186.16 | October 4 |
| Divyadhan Recycling Industries | September 26 | September 30 | 60-64 | 2000 | 24.17 | October 4 |
| Saaj Hotels | September 27 | October 1 | 65 | 2000 | 27.63 | October 7 |
Upcoming Listings
On September 24, a notable listing will take place as several companies debut on stock exchanges. Popular Foundations is set to be listed on BSE SME, while Deccan Transcon Leasing, Envirotech Systems, Pelatro, and Osel Devices will be listed on NSE SME. In the mainboard segment, shares of Western Carriers (India), Arkade Developers, and Northern Arc Capital will also become available for trading on this date. Other upcoming listings include:
- December 25: Paramount Speciality Forgings will debut on NSE SME.
- September 26: Kalana Ispat shares will be listed on NSE SME.
- September 27: Phoenix Overseas, Avi Ansh Textile, SD Retail, and BikeWo GreenTech IPOs will be listed on NSE SME.
Conclusion
This week marks a significant event for investors actively participating in the IPO market. With numerous companies offering shares and many set to make their stock market debuts, it presents an excellent opportunity for potential gains. Investors are encouraged to stay informed and consider various factors before making investment decisions in the upcoming IPOs.
