List of Upcoming IPO in September 2024

September 2024 is packed with exciting investment opportunities. Four companies are gearing up for their initial public offerings (IPO): Sammaan Capital Limited, Shree Tirupati Balajee Agro Trading Company Limited, Vision Infra Equipment Solutions Limited, and My Mudra Fincorp Limited. Each has something unique to offer, from debt securities to equity shares.

Let’s take a detailed look at the Upcoming IPO in September 2024, and try to learn the specifics for each company, from issue periods and size to market structure and pricing.

A Quick Look at the Upcoming IPO in September 2024

September presents a range of Upcoming IPO 2024, offering both debt and equity options. Whether you’re seeking stable, secure investments or high-growth opportunities, these companies are bringing their interesting Initial Public Offerings to the market. Here’s a concise summary of key details investors need to know.

1. Sammaan Capital Limited (SCL001)

Details	Description
Issue Type	Secured Redeemable Non-Convertible Debentures (NCDs)
Issue Period	06-Sep-2024 to 19-Sep-2024
Issue Size	Up to ₹250 crores (NCD)
Price	₹1,000 per NCD
Minimum Application	10 NCDs (₹10,000)
IPO Grading	CRISIL AA/Stable, ICRA AA/Stable
Lead Managers	Trust Investment Advisors, Elara Capital
Sponsor Bank	HDFC Bank Limited
Registrar	KFin Technologies Limited

Sammaan Capital Limited offers Secured Redeemable Non-Convertible Debentures (NCDs) with high ratings from CRISIL and ICRA, providing a stable investment option with an issue size of up to ₹250 crores.

About Sammaan Capital Limited

Sammaan Capital Limited, formerly known as Indiabulls Housing Finance Limited, is a non-banking financial company based in Mumbai, India. It offers a variety of financial products, including home loans, NRI home loans, home renovation and extension loans, rural home loans, and loans against property. The company also provides working capital loans for micro, small, and medium enterprises, as well as corporate mortgage loans.

IPO September 2024: Sammaan Capital Limited is proposing a public issue of secured redeemable non-convertible debentures (NCDs) of face value ₹1,000 each. The issue size is up to ₹125 crores, with an option to retain oversubscription of up to ₹125 crores, aggregating to ₹250 crores. The NCDs have been rated CRISIL AA/Stable and ICRA AA/Stable.

2. Shree Tirupati Balajee Agro Trading Company Ltd (STBAL)

Details	Description
Issue Type	100% Book Building
Issue Period	05-Sep-2024 to 09-Sep-2024
Issue Size	2,65,72,000 Equity Shares
Price Range	₹78 to ₹83
Bid Lot	180 Equity Shares
Minimum Order	180 Equity Shares
Lead Managers	PNB Investment Services, Unistone Capital
Sponsor Banks	Axis Bank, ICICI Bank
Registrar	Link Intime India Private Limited

About Shree Tirupati Balajee Agro Trading Company Ltd

Shree Tirupati Balajee Agro Trading Company Limited (STBAL) is a prominent player in the production and retail of Flexible Intermediate Bulk Containers (FIBCs), which are large, flexible packaging bags used for bulk material handling. Established in 2001, the company operates from three key locations in India and has grown into one of the largest producers of FIBCs in the country. The company manufactures a wide range of FIBCs that are used across various industries such as agriculture, construction, chemicals, and pharmaceuticals.

Upcoming IPO in September 2024: The company has launched its IPO from September 5, 2024, to September 9, 2024. The price range is ₹78 to ₹83 per equity share, with the issue size including a fresh issue of 1,47,50,000 equity shares and an offer for sale of up to 56,90,000 equity shares.

3. Vision Infra Equipment Solutions Ltd (VIESL)

Details	Description
Issue Type	100% Book Building
Issue Period	06-Sep-2024 to 10-Sep-2024
Issue Size	65,16,000 Equity Shares
Price Range	₹155 to ₹163
Bid Lot	800 Equity Shares
Minimum Order	800 Equity Shares
Lead Manager	Hem Securities Limited
Sponsor Bank	ICICI Bank Limited
Registrar	Link Intime India Private Limited

About Vision Infra Equipment Solutions Ltd

Vision Infra Equipment Solutions Ltd (VIESL) is a key player in India’s infrastructure sector, specializing in the rental and trading of construction equipment. The company was established in 2015 and is known for providing a variety of equipment for construction projects, including new and well-maintained used machinery. VIESL caters to large infrastructure projects such as airports, highways, smart cities, irrigation systems, and mining operations. Its equipment portfolio includes everything from earthmoving machinery to cranes, making it an essential partner for both public and private construction ventures.

Upcoming IPO 2024: Vision Infra launched its IPO from September 6, 2024, to September 10, 2024, with a price range of ₹155 to ₹163 per share. The issue size includes 65,16,000 equity shares, including a market maker portion and anchor allocation.

4. My Mudra Fincorp Limited (MYMUDRA)

Details	Description
Issue Type	100% Book Building
Issue Period	05-Sep-2024 to 09-Sep-2024
Issue Size	30,24,000 Equity Shares
Price Range	₹104 to ₹110
Bid Lot	1,200 Equity Shares
Minimum Order	1,200 Equity Shares
Lead Manager	Hem Securities Limited
Sponsor Bank	HDFC Bank Limited
Registrar	Skyline Financial Services

About My Mudra Fincorp Limited

My Mudra Fincorp Limited, founded in 2013, is a financial services company that acts as a channel partner for leading banks and non-banking financial companies (NBFCs) in India. The company focuses on offering a wide variety of loan products, including personal loans, business loans, home loans, professional loans, and secured loans. With a strong customer base, My Mudra has become a trusted intermediary between borrowers and financial institutions, providing a seamless experience for those in need of credit solutions.

IPO September 2024: My Mudra Fincorp launched its IPO from September 5, 2024, to September 9, 2024, with a price range of ₹104 to ₹110 per equity share. The issue size includes a fresh issue of up to 30,24,000 equity shares, including a market maker portion and anchor allocation.

Comparison Table of Upcoming IPOs

Company Name	Symbol	Issue Period	Issue Size	Price Range	Bid Lot	IPO Type
Sammaan Capital Limited	SCL001	06-Sep-2024 to 19-Sep-2024	Up to ₹250 crores (NCD)	₹1,000 per NCD	1 NCD	Debt (NCD)
Shree Tirupati Balajee Agro Trading Ltd	STBAL	05-Sep-2024 to 09-Sep-2024	2,65,72,000 Equity Shares	₹78 to ₹83	180 shares	100% Book Building
Vision Infra Equipment Solutions Ltd	VIESL	06-Sep-2024 to 10-Sep-2024	65,16,000 Equity Shares	₹155 to ₹163	800 shares	100% Book Building
My Mudra Fincorp Limited	MYMUDRA	05-Sep-2024 to 09-Sep-2024	30,24,000 Equity Shares	₹104 to ₹110	1,200 shares	100% Book Building

Conclusion

The Upcoming IPO in September 2024 brings a diverse range of investment opportunities, each backed by trusted lead managers and sponsor banks, providing solid opportunities in both stable and high-growth areas. With a mix of secure NCDs and high-potential equity shares, this month’s IPOs cater to different risk appetites and market strategies.

All information is sourced from the official NSE website.