Investing in Initial Public Offerings (IPOs) has always been popular among investors in the Indian stock market, as they offer the opportunity to participate in a company’s growth at an early stage. However, not all IPOs are guaranteed to be successful investments. Before making an investment decision, it’s essential to carefully evaluate each offering based on the company’s financial health, business model, market conditions, and growth prospects.
An IPO is when a company sells its shares to the public for the first time to raise funds. Businesses typically use these funds to expand operations, meet capital expenditure needs, pursue general corporate purposes, or pay off debts. In this article, we’ll check the upcoming IPOs set to be listed on the exchanges next week in September 2024.
Founded in 1998, Manba Finance is a non-banking finance company (NBFC-BL) that provides financial solutions for a range of vehicles and loans. These include new two-wheelers (2Ws), three-wheelers (3Ws), electric two-wheelers (EV2Ws), electric three-wheelers (EV3Ws), used cars, small business loans, and personal loans.
Manba Finance is launching an IPO worth ₹150.84 crore through a book-built issue. Manba Finance IPO is entirely a fresh issue of 1.26 crore shares. The subscription period for the IPO is from September 23 to September 25, 2024. The share allotment is expected to be finalised on Thursday, September 26, 2024, and the shares are likely to be listed on BSE and NSE on Monday, September 30, 2024. The price band for the Manba Finance IPO is set at ₹114 to ₹120 per share, with a minimum application size of 125 shares.
KRN Heat Exchanger and Refrigeration Ltd is a leading company that produces fin and tube-type heat exchangers. They manufacture products like copper and aluminium fin and copper tube heat exchangers, as well as water coils, condenser coils, and evaporator coils.
KRN Heat Exchanger is launching an IPO worth ₹341.95 crore through a book-built issue. KRN Heat Exchanger IPO consists entirely of a fresh issue of 1.55 crore shares. The subscription period for the IPO is from September 25 to September 27, 2024. Share allotment is expected to be finalised on Monday, September 30, 2024, and the shares are likely to be listed on BSE and NSE on Thursday, October 3, 2024. The price band for the KRN Heat Exchanger IPO is set between ₹209 and ₹220 per share, with a minimum application size of 65 shares.
Founded in November 1988, WOL 3D India Limited offers 3D printing solutions that simplify prototyping and find applications across various sectors, including manufacturing, education, engineering, architecture, interior design, fashion design, product design, and the medical and dental fields.
WOL 3D is launching an IPO worth ₹25.56 crore, which includes a fresh issue of 14.52 lakh shares totalling ₹21.78 crore and an offer for sale of 2.52 lakh shares worth ₹3.78 crore.
The subscription period for the WOL 3D IPO is from September 23 to September 25, 2024. The share allotment is expected to be finalised on Thursday, September 26, 2024, and the shares will be listed on NSE SME on Monday, September 30, 2024. The price band for the WOL 3D IPO is set between ₹142 and ₹150 per share.
Founded in 2002, Rappid Valves (India) Limited focuses on manufacturing valve solutions. The company produces a variety of valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves.
Rappid Valves (India) is launching an IPO worth ₹30.41 crore, consisting entirely of a fresh issue of 13.7 lakh shares. The subscription period for the Rappid Valves (India) IPO runs from September 23 to September 25, 2024. The allotment is expected to be finalised on Thursday, September 26, 2024, and the shares will be listed on NSE SME on Monday, September 30, 2024. The price band for the Rappid Valves (India) IPO is set between ₹210 and ₹222 per share.
Founded in 2018, TechEra Engineering (India) Limited designs, manufactures and supplies precision tooling and components for the aerospace and defence industries. The company also offers automation system solutions. They produce assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components.
TechEra Engineering is launching an IPO worth ₹35.90 crore, consisting entirely of a fresh issue of 43.78 lakh shares. The subscription period for the TechEra Engineering IPO is from September 25 to September 27, 2024. Allotment is expected to be finalised on Monday, September 30, 2024, and the shares will be listed on NSE SME on Thursday, October 3, 2024. The price band for the TechEra Engineering IPO is set between ₹75 and ₹82 per share.
Founded in March 2001, Unilex Colours and Chemicals Limited produces pigments, trades chemicals, and manufactures food colours. The company markets its products under the brand name “Unilex,” serving both domestic and international markets. They offer a wide range of pigment solutions for various industries.
Unilex Colours and Chemicals is launching an IPO worth ₹31.32 crore, which consists entirely of a fresh issue of 36 lakh shares. The subscription period for the Unilex Colours and Chemicals IPO is from September 25 to September 27, 2024. The allotment is expected to be finalised on Monday, September 30, 2024, and the shares will be listed on NSE SME on Thursday, October 3, 2024. The price band for the Unilex Colours and Chemicals IPO is set between ₹82 and ₹87 per share.
Founded in February 2013, Thinking Hats Entertainment Solutions Limited focuses on developing concepts, designing events, and producing live events. They handle corporate functions, MICE (Meetings, Incentives, Conferences, and Exhibitions), social and virtual events, as well as OTT (Over-The-Top) content production and experiential marketing.
Thinking Hats Entertainment Solutions is launching an IPO worth ₹15.09 crore, consisting entirely of a fresh issue of 34.29 lakh shares. The subscription period for the IPO is from September 25 to September 27, 2024. Allotment is expected to be finalised on Monday, September 30, 2024, and the shares will be listed on NSE SME on Thursday, October 3, 2024. The price band for the IPO is set between ₹42 and ₹44 per share.
Founded in May 2010, Divyadhan Recycling Industries Limited produces Recycled Polyester Staple Fibre (R-PSF) and recycled pellets. Divyadhan Recycling operates in two main areas: first, they create synthetic fibre known as Recycled Polyester Staple Fiber (R-PSF) from used PET bottles, including those for Coke, soda, water, and other post-consumer PET bottles. Second, they manufacture recycled pellets, which are sourced from the same raw materials as the recycled polyester staple fibre.
Divyadhan Recycling Industries is launching an IPO of 37.76 lakh shares, which consists entirely of a fresh issue. The subscription period for the Divyadhan Recycling Industries IPO is from September 26 to September 30, 2024. The allotment is expected to be finalised on Tuesday, October 1, 2024, and the shares will be listed on NSE SME on Friday, October 4, 2024.
Founded in February 2023, Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing (ESDM) company based in Noida. The company offers services such as printed circuit board (PCB) assembly, box build solutions, and LED lighting. They also provide products related to memory, IT accessories, and computer hardware.
Sahasra Electronics Solutions is launching an IPO worth ₹186.16 crore, consisting entirely of a fresh issue of 65.78 lakh shares. The subscription period for the Sahasra Electronics Solutions IPO is from September 26 to September 30, 2024. The allotment is expected to be finalised on Tuesday, October 1, 2024, and the shares will be listed on NSE SME on Friday, October 4, 2024. The price band for the Sahasra Electronics Solutions IPO is set between ₹269 and ₹283 per share.
Founded in 2001, Forge Auto International Limited is an engineering company that forges and manufactures complex, safety-critical components for both the auto industry (like automobiles, tractors, and railways) and non-auto sectors (such as agricultural parts, hydraulic components, and striking tools).
Forge Auto International is launching an IPO worth ₹31.10 crore, which consists entirely of a fresh issue of 28.8 lakh shares. The subscription period for the Forge Auto International IPO is from September 26 to September 30, 2024. The allotment is expected to be finalised on Tuesday, October 1, 2024, and the shares will be listed on NSE SME on Friday, October 4, 2024. The price band for the Forge Auto International IPO is set between ₹102 and ₹108 per share.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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