Top 5 Upcoming IPOs to Watch in September 2024

Introduction: The IPO Boom in Late 2024
The Indian IPO market is buzzing with excitement as we head into the final months of 2024. From real estate giants to cutting-edge tech firms, a wave of companies is gearing up to go public, offering investors a wide range of opportunities.

With projections indicating that Indian companies could raise over ₹1.50 lakh crore through IPOs, the market's momentum reflects growing investor confidence and economic optimism. In this rapidly evolving landscape, staying informed about the latest offerings could unlock some exciting possibilities for savvy investors.

September 2024 could witness the highest IPO activity in 14 years, presenting lucrative opportunities for investors across sectors like real estate and financial services.

Key Upcoming IPOs

1. Arkade Developers: Leading the Real Estate IPO Surge
It is a rapidly growing real estate development Company with a significant presence in Mumbai, Maharashtra and engaged in the development of new projects and redevelopment of existing premises.

Arkade Developers is set to make a significant impact on the Indian IPO market, opening for subscription from September 16 to 19, 2024, with a price band of ₹121 to ₹128 per share, aiming to raise ₹410 crore.

The company has already garnered interest from anchor investors, raising ₹122.40 crore ahead of its IPO.

2. Northern Arc Capital: Shaking Up Financial Services
It is a diversified financial services platform set up primarily with the mission of catering to the diverse retail credit requirements of the under-served households and businesses in India.

Northern Arc Capital is set to disrupt the financial services sector with its ₹777 crore IPO, opening for subscription from September 16 to 19, 2024.

The strong backing from anchor investors, who contributed ₹229 crore, underscores the confidence in this offering.

3. Osel Devices: Expanding Horizons in Technology (SME)
The Company manufactures a comprehensive range of LED display systems and the latest hearing aids, including all major components, at its ultra-modern plant.

This company is looking to raise ₹70.66 crore, with a price band set between ₹155 and ₹160 per share. The subscription period aligns with the other IPOs, running from September 16 to September 19, 2024.

4. Pelatro: Targeting Growth in Telecom Solutions (SME)
It is a global technology business and has developed a comprehensive Customer Engagement Platform, i.e., mViva that empowers customer-centric interactions between enterprises or brands and its end users.

Pelatro's ₹55.98 crore IPO opens for subscription from September 16 to 19, 2024, with a price range of ₹190 to ₹200 per share and a lot size of 600 shares.

5. BikeWo GreenTech: Accelerating the EV Movement (SME)
It is an electric two wheeler retailer in India. It commenced business operations in 2016 and revenue from operations have been steady ever since then.

BikeWo GreenTech's ₹24.09 crore IPO will be open from September 18 to 20, 2024, offering shares in the range of ₹59 to ₹62, with a lot size of 2,000 shares.

As India’s IPO market continues to surge, it presents a wealth of opportunities for those ready to explore them. Whether you're a seasoned investor or just beginning your journey, keeping an eye on the upcoming IPOs could offer valuable insights and potential gains. However, always remember to align these opportunities with your personal investment strategy.

Disclaimer: This content is for educational purposes only and should not be considered financial advice or a recommendation to invest.