Dalal Street is poised for an eventful week, featuring a robust schedule of Initial Public Offerings (IPOs) and new stock market listings. This increased activity comes on the heels of Bajaj Housing Finance’s unprecedented public subscription, which drew a massive response of Rs 3.23 lakh crore. Buoyed by this strong investor enthusiasm, the market will see seven fresh IPOs launch this week.
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Northern Arc Capital: This non-bank financial institution opens for subscription on September 16, closing on September 19. The IPO is priced between Rs 249 and Rs 263 per share. It has already garnered Rs 229 crore from anchor investors.
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Arkade Developers: A real estate firm, Arkade Developers, also opens its IPO on September 16 and closes on September 19. Shares are priced from Rs 121 to Rs 128. The company has raised Rs 122.40 crore from anchor investors.
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Paramount Speciality Forgings: This SME issue, valued at Rs 32.34 crore, will be available from September 17 to September 19. The price band is set between Rs 57 and Rs 59 per share with a lot size of 2,000 shares.
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Osel Devices: With a total issue size of Rs 70.66 crore, this SME IPO opens from September 16 to September 19. Shares are priced between Rs 155 and Rs 160, and the lot size is 800 shares.Pelatro: The IPO opens on September 16 and closes on September 19, with a price range of Rs 190 to Rs 200 per share. The lot size for this issue is 600 shares.
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Pelatro: The IPO opens on September 16 and closes on September 19, with a price range of Rs 190 to Rs 200 per share. The lot size for this issue is 600 shares.
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BikeWo GreenTech: This issue, valued at Rs 24.09 crore, is open from September 18 to September 20. The shares are priced between Rs 59 and Rs 62, with a lot size of 2,000 shares.
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SD Retail Logo: Scheduled for subscription from September 20 to September 24, this SME issue has a price band of Rs 124 to Rs 131 per share and a lot size of 1,000 shares.