Northern Arc Capital, Arkade Developers Among 7 New IPOs This Week; Bajaj Housing Finance Among 13 To List
India's primary market enters the third week of September with the public issue of seven new companies and 13 listings. The companies set to launch their maiden share sale includes Northern Arc Capital Ltd. and Arkade Developers Ltd. in the mainboard space and five in the SME segment.
Non-banking financial services firm Northern Arc Capital has set a price band of Rs 249–263 per share for its initial public offering that will open on Monday. The IPO of the Chennai-based company is a combination of a fresh issue of equity shares valued at Rs 500 crore and an offer for sale of 1.05 crore shares worth Rs 276 crore, according to the red herring prospectus.
Mumbai-based realty player Arkade Developers Ltd. plans to raise up to Rs 410 crore. The IPO, set to open on Sept. 16, consists completely of a fresh issue of 32,031,250 shares aggregating Rs 410 crore. It has set a price band of Rs 121–128 per share.
The IPO of Western Carriers (India) Ltd. will continue for the second and third day this week. It was subscribed 85% on its first day on Friday.
The subscriptions for Osel Devices Ltd. and Pelatro Ltd. in the small and medium enterprise segment will begin on Sept. 16 and Paramount Speciality Forgings Ltd. on Sept. 17. The companies will look to raise Rs 71 crore, Rs 56 crore and Rs 32 crore, respectively.
On Sept. 18, the Rs 24-crore IPO of BikeWo GreenTech Ltd. and on Sept. 20, the Rs 65-crore public issue of SD Retail Ltd. will open for subscription.
Listings
The week will also see 13 companies debuting on the exchanges with four in the mainboard space.
Shares of Bajaj Housing Finance Ltd., Tolins Tyres Ltd. and Kross Ltd. will list on Sept. 16. PN Gadgil Jewellers Ltd. will hit the secondary market on Sept. 17.
Excellent Wires and Packaging Ltd., Sodhani Academy of Fintech Enablers, Innomet Advanced Materials Ltd., SPP Polymer Ltd., Trafiksol ITS Technologies Ltd., Aditya Ultra Steel Ltd., Shubhshree Biofuels Energy Ltd., Gajanand International Ltd. and Share Samadhan Ltd. will be the other companies to debut in the SME segment during the week.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
