The primary market is buzzing with activity as five Small and Medium Enterprises (SMEs) prepare to make their debut. For investors, this presents a golden opportunity to explore fresh investment avenues. Here’s a comprehensive guide to the upcoming SME Initial Public Offerings (IPOs) scheduled for next week.
1. Pelatro Ltd: Revolutionizing Customer Engagement
Pelatro Ltd is kicking off the week with its IPO, starting on September 16, 2024, and closing on September 19, 2024. The company aims to raise ₹56 crore through this offering.
Key Details:
- Issue Size: ₹56 crore
- Type: Fresh issue of 27.99 lakh shares
- Price Band: ₹190 to ₹200 per share
- Minimum Lot Size: 600 shares
- Retail Investment Minimum: ₹120,000
- HNI Investment Minimum: ₹240,000 (1,200 shares)
- Allotment Date: September 20, 2024
- Listing Date: September 24, 2024
Pelatro specializes in customer engagement software, making it an attractive option for tech-savvy investors. With a competitive price band, this IPO is expected to draw significant interest.
2. Osel Devices: Powering the Electronics Sector
Osel Devices will open its IPO on September 16, 2024, alongside Pelatro, and close on September 19, 2024. The company is targeting ₹70.66 crore from this public offering.
Key Details:
- Issue Size: ₹70.66 crore
- Type: Fresh issue of 44.16 lakh shares
- Price Band: ₹155 to ₹160 per share
- Minimum Lot Size: 800 shares
- Retail Investment Minimum: ₹128,000
- HNI Investment Minimum: ₹256,000 (1,600 shares)
- Allotment Date: September 20, 2024
- Listing Date: September 24, 2024
Osel Devices focuses on electronics components, a sector with substantial growth potential. The IPO’s attractive price range and substantial issue size make it a notable entry in the electronics market.
3. Paramount Speciality Forgings: Forging Ahead
Paramount Speciality Forgings will launch its IPO on September 17, 2024, with a closing date of September 19, 2024. The company plans to raise ₹32.34 crore.
Key Details:
- Issue Size: ₹32.34 crore
- Type: Fresh issue of 48.02 lakh shares + Offer for sale of 6.8 lakh shares
- Price Band: ₹57 to ₹59 per share
- Minimum Lot Size: 2,000 shares
- Retail Investment Minimum: ₹118,000
- HNI Investment Minimum: ₹236,000 (4,000 shares)
- Allotment Date: September 20, 2024
- Listing Date: September 24, 2024
Specializing in forging, Paramount offers durable and high-quality products. Its IPO represents a chance to invest in a niche industry with strong growth prospects.
4. BikeWo GreenTech: Eco-Friendly Innovations
BikeWo GreenTech is set to debut on September 18, 2024, and will close its subscription on September 20, 2024. The company aims to raise ₹24.09 crore through its IPO.
Key Details:
- Issue Size: ₹24.09 crore
- Type: Fresh issue of 38.86 lakh shares
- Price Band: ₹59 to ₹62 per share
- Minimum Lot Size: 2,000 shares
- Retail Investment Minimum: ₹124,000
- HNI Investment Minimum: ₹248,000 (4,000 shares)
- Allotment Date: September 23, 2024
- Listing Date: September 25, 2024
Focusing on green technology for the automotive sector, BikeWo GreenTech aims to attract investors interested in sustainable solutions. The IPO’s pricing and green focus are likely to appeal to eco-conscious investors.
5. SD Retail: Expanding Retail Horizons
SD Retail will launch its IPO on September 20, 2024, with the subscription period ending on September 24, 2024. The company is looking to raise ₹64.98 crore.
Key Details:
- Issue Size: ₹64.98 crore
- Type: Fresh issue of 49.6 lakh shares
- Price Band: ₹124 to ₹131 per share
- Minimum Lot Size: 1,000 shares
- Retail Investment Minimum: ₹131,000
- HNI Investment Minimum: ₹262,000 (2,000 shares)
- Allotment Date: September 25, 2024
- Listing Date: September 27, 2024
As a significant player in the retail sector, SD Retail’s IPO provides an opportunity to invest in a company with extensive retail operations. The pricing and issue size make it a noteworthy option for those interested in the retail market.
Summary of Upcoming SME IPOs
Here’s a quick overview of the IPOs launching next week:
- Pelatro Ltd: ₹56 crore, September 16–19, 2024
- Osel Devices: ₹70.66 crore, September 16–19, 2024
- Paramount Speciality Forgings: ₹32.34 crore, September 17–19, 2024
- BikeWo GreenTech: ₹24.09 crore, September 18–20, 2024
- SD Retail: ₹64.98 crore, September 20–24, 2024
Conclusion
The upcoming week promises a variety of investment opportunities through these SME IPOs. Whether you’re interested in technology, electronics, specialty forging, green tech, or retail, these new public offerings offer diverse options to diversify your investment portfolio. Stay informed and consider how these IPOs align with your investment goals.
Disclaimer:
The information provided in this article is for informational purposes only and does not constitute financial or investment advice. We do not recommend or endorse any of the IPOs mentioned. Investing in IPOs involves market risk and may not be suitable for all investors. We encourage readers to conduct their own research and consult with a financial advisor before making any investment decisions. Our coverage is intended to inform and update on upcoming IPOs, not to influence investment choices.
For more insights on SME, Startup and Businesses, visit BharatiyaMedia.com. For editorial inquiries, email sharma.maayank@yahoo.com, and for advertisements and other enquiries, contact us at contact@entrepreneur.org.in.
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