India’s IPO market to witness 7 new launches next week

• Next week, India’s IPO market is set to buzz with seven new launches, including Arkade Developers and Northern Arc Capital in the mainboard segment, and five SMEs – Pelatro Ltd, Osel Devices, Paramount Speciality Forgings, BikeWo GreenTech, and SD Retail.

• This surge in activity, backed by strong investor interest, aligns with Pantomath Capital’s projection of domestic firms raising over ₹1.50 lakh crore via IPOs in the next year, highlighting the robustness of India’s economic fundamentals.

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The SME segment will witness 5 new entrants

What’s the story

India’s primary market is set to welcome seven new initial public offerings (IPOs) next week, including two mainboard and five SME segment offers.

This surge in activity is a testament to the growing investor confidence, and robust capital-raising environment in the country.

Additionally, 13 listings are anticipated next week, featuring the notable debut of Bajaj Housing Finance.

Arkade Developers and Northern Arc Capital to launch IPOs

The mainboard segment will see the launch of IPOs from Arkade Developers and Northern Arc Capital.

The Mumbai-based real estate firm, Arkade Developers, is set to open its ₹410 crore IPO on September 16 with a price band of ₹121-128 per share.

On the other hand, diversified financial services platform Northern Arc Capital plans to raise funds through its ₹777 crore IPO that opens on September 16.

Five SMEs to debut in primary market

The SME segment will witness five new entrants: Pelatro Ltd, Osel Devices, Paramount Speciality Forgings, BikeWo GreenTech, and SD Retail.

Pelatro’s ₹56 crore issue and Osel Devices’s ₹70.66 crore IPO are set to commence on September 16.

Paramount and Bikewo will follow with their public offers on September 17 and September 18 respectively, while the ₹65 crore IPO of SD Retail is scheduled for launch on September 20.

Pantomath Capital projects significant fundraising in coming months

Pantomath Capital Advisors has projected that domestic firms could raise over ₹1.50 lakh crore via IPOs in the next 12 months.

This forecast indicates a promising outlook for the Indian IPO market, and suggests continued activity due to strong investor interest.

The upcoming week’s flurry of IPO launches and listings is expected to further bolster this trend, underscoring India’s robust economic fundamentals.

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