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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.
GyanFry
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