September 2024 is turning out to be yet another month full of delights for IPO watchers. This is a broad-based pipeline of upcoming and ongoing IPOs, all the way from the largest Mainboard players to the most innovative startups on the SME platform. Here is your guide to the IPO action this month!

Mainboard IPOs in September 2024

1. Bajaj Housing Finance IPO
   The initial share sale for public subscription will begin on September 9 and will conclude on September 11 and the bidding for anchor investors will open for a day on September 6. Bajaj Finance and Bajaj Finserv are the parent company, one should hold at least one share to be eligible for shareholder quota.

2. Shree Tirupati Balajee Agro Trading Company
   The maiden share sale of the Madhya Pradesh-based company will open for subscription on September 5 and close on September 9. The company is looking to mop up Rs 169.65 crore through the IPO. The anchor book of the offer will be opened for a day on September 4.

3. Tolins Tyres Limited IPO
   Tolins Tyres Limited manufactures tyres and tread rubber caters to retreading solutions across India and exports its products to 40 countries. It opens the IPO issue on 9th September 2024 and will remain open until 11th September, with a price band of ₹ 215 - 226 and an issue size of ₹ 230 crores.

4. Kross Limited IPO
   Kross Limited was established in 1991 and manufactured trailer axles, suspensions, and precision parts for M&HCVs and agricultural equipment. It also supplies a line of components including axle shafts, gears, and suspension parts to major OEMs and dealers.

5. Northern ARC Capital Limited IPO
   Northern Arc Capital is one of the leading NBFCs in India. It was established in 1989 and offers loan financing across segments such as microfinance, MSME, auto finance, consumer finance, and affordable housing.

6. P N GADGIL JEWELLERS Limited IPO
   P N Gadgil Jewellers, Maharashtra’s second-largest jewelry brand, offers a wide range of precious jewelry. With 33 outlets, they plan to open 12 more in Maharashtra using IPO funds over the next three years.

7. Western Carriers (India) Limited IPO
   Western Carriers (India) Limited is a Multi-modal, rail-focused, 4PL asset-light logistics company. The company offers fully customizable, multi-modal logistics solutions encompassing road, rail, water, and air transportation and a tailored range of value-added services. The offer date is yet to be announced.

8. Manba Finance Limited IPO
   Manba Finance Limited is a Non-Banking Financial Company (NBFC) specialising in financing solutions for various needs such as new 2-wheelers, 3-wheelers, electric vehicles (2-wheelers and 3-wheelers), used cars, small business loans, and personal loans. 

9. KRN Heat Exchanger and Refrigeration IPO
   KRN Heat Exchanger and Refrigeration Limited is a prominent manufacturer of fin and tube-type heat exchangers for the HVAC&R industry. The company's product lineup includes condenser coils, evaporator units, and other components made primarily from copper and aluminum, tailored to client specifications with tube diameters ranging from 5MM to 15.88 MM.

SME IPOs in September 2024

1. Namo eWaste Management
   New Delhi-based Namo eWaste, which provides e-waste collection, disposal, and recycling services, is all set to hit the capital market with its Rs 51.2 crore initial public offering on September 4. The book-built issue, in a price range of Rs 80-85 a share, will close on September 6.

2. My Mudra Fincorp
   New Delhi-based My Mudra Fincorp is in the business of distribution and sales of financial products. It will open its IPO on September 5 in the price band of Rs 104-110 per share.

3. Naturewings Holidays
   The issue of the Kolkata-based company will open for subscription on September 3 and close on September 5.

4. Mach Conferences and Events Limited IPO
   Mach Conferences and Events Limited offers a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector. The issue will open for subscription on September 4 and close on September 6.

5. Vision Infra Equipment Solutions Limited IPO
   Vision Infra Equipment Solutions Limited was founded in 2015 and provides services in the fields of airports, smart cities, irrigation, buildings and factories, mining, railroads, etc. opens its issue for subscription on September 6 and close on September 10.

6. Aditya Ultra Steel Limited IPO
   Aditya Ultra Steel Limited, founded in 2011, manufactures rolled steel products, i.e. TMT bars, under the brand name Kamdhenu. The issue will open for subscription on September 9 and close on September 11.

7. Archit Nuwood Industries Limited IPO
   Archit Nuwood Industries Limited was founded in 2017 and manufactures a wide range of MDF and HDF boards as well as pre-laminated boards in various designs. The issue for subscription is yet to be announced.

8. Jeyyam Global Foods Limited IPO
   Jeyyam Global Foods Limited, formerly known as Kichoni Online Services Private Limited, produces and/or processes Bengali chickpeas (locally known as ‘chana'), Fried Gram, and Besan Flour and supplies these to a variety of markets such as distributors, large retailers, hotels, restaurants, caterers, branded supermarkets and wholesalers. The IPO closes on 4 September.

9. Shubhshree Biofuels Energy Limited IPO
   Shubhshree Biofuels Energy Limited supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors. The offer date for the subscription opens on 9 Sept and closes on 11 Sept.

10. Share Samadhan Limited IPO
    Share Samadhan Limited, previously known as Tiger Island Hospitality Private Limited, was incorporated in 2011 and offers a wide range of services aimed at helping clients protect and recover their investments/money efficiently. The offer date for the subscription opens on 9 Sept and closes on 11 Sept.

11. Gajanand International Limited IPO
    Gajanand International Limited, formerly known as Gajanand Cottex Private Limited, produces contamination-free and sustainable cotton. The subscription offer opens on 9 September and closes on 11 September.

12.  SPP Polymer Limited IPO
    SPP Polymers Limited, formerly known as SPP Food Products Private Limited, is a manufacturer of a wide range of HDPE/PP woven fabric and bags, non-woven fabrics and bags, and Multifilament Yarn. The company is located in Rudrapur City, Uttarakhand. The subscription offer opens on 10 September and closes on 12 September.

13. Excellent Wires and Packaging Limited IPO
    Excellent Wires and Packaging Limited manufactures a wide range of wires and wire ropes under the brand name Excellent, including various types such as Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire), and others for multiple applications. The subscription offer opens on 11 September and closes on 13 September.

14. Envirotech Systems Limited IPO
    Envirotech Systems Limited manufactures noise measurement and control solutions for industrial and commercial applications. Envirotech Systems specialises in designing and supplying custom enclosures for noise reduction in machinery and mechanical equipment, suitable for indoor and outdoor applications.

15. Trafiksol ITS Technologies Limited IPO
    TrafikSol ITS Technologies Limited was founded in 2018 and provides comprehensive intelligent transportation systems (ITS) and automation solutions, including software development, consulting and delivery services. The company offers ready-made and customized software solutions, operating systems, business applications and computer games for all platforms. 

16. Innomet Advanced Materials Limited IPO
    Innomet Advanced Materials Limited manufactures Metal Powders and Tungsten Heavy Alloys. The company offers a diverse range of over 20 products, including copper, bronze, brass, nickel, tin, and stainless-steel powders for various industries. 

17. Sodhani Academy of Fintech Enablers Limited IPO
    Sodhani Academy of Fintech Enablers Limited was founded in 2009 and offers financial training, consulting and learning services. The company mainly focuses on financial education and awareness, which refers to the knowledge and understanding of various financial concepts and skills that enable learners to make informed and responsible decisions in economic matters. 

18. Deccan Transcon Leasing Limited IPO
    Deccan Transcon Leasing Limited offers tank containers on lease and logistic and supply chain solutions to clients in various sectors. The company provides comprehensive freight and shipping solutions, including domestic tank container logistics, tank fleet management, customs clearance and transportation, and Non-Vessel Operating Common Carriers (NVOCC) services.

19. Popular Foundations Limited IPO
    Popular Foundations Limited specializes in engineering and construction services and offers comprehensive end-to-end solutions in the construction sector. The company is dedicated to construction practice in various sectors such as factories, educational institutions, and commercial and residential projects. 

20. Osel Devices Limited IPO
    Osel Devices Limited, formerly known as Innovative Infratech Solutions Private Limited, was founded in 2006 and manufactures a comprehensive range of LED display systems and hearing aids. The company manufactures a comprehensive range of LED display systems including all major components for commercial use such as advertising media, billboards, corporate boardrooms, presentations, display promotions, command centers, and front signs. 

21. Pelatro Limited IPO
    Pelatro Limited offers a comprehensive customer engagement platform, mViva, which enables customer-centric interactions between companies or brands and their end users. The company helps businesses to accurately understand their customers' behavior and needs to improve interactions with end customers. 

22. Paramount Speciality Forgings Limited IPO
    Paramount Speciality Forgings Limited is a manufacturer of steel forgings in India, offering a diverse range of forged products. The company's products are manufactured to meet national and international standards. They are used in various industrial applications including petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering sectors.

23. BikeWo GreenTech Limited IPO
    Bikewo Green Tech Limited is an electric two-wheeler retailer in India. The company's brand is in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat. The company operates its business activities through dealership models.

24. SD Retail Limited IPO
    S D Retail Limited designs, manufactures, outsources, markets, and retails sleepwear under the brand name SWEET DREAMS. SWEET DREAMS offers stylish and comfortable sleepwear for the whole family, celebrating the transition from work to home life.

25. Phoenix Overseas Limited IPO
    Phoenix Overseas Limited trades and markets animal feeds, agricultural produce, and commodities, including corn, oil cakes, spices like dry red chillies, coriander, cumin seeds, food grains, tea, pulses, soya bean meal, and rice bran de-oiled cake. 

26. Kalana Ispat Limited IPO
    Kalana Ispat Limited is primarily involved in manufacturing M.S. Billets and Alloy Steel Billets of various grades.
    The company's business can be divided into segments:
    Sale of Products, and Sale of Services.

27. Avax Apparels And Ornaments Limited IPO
    Avax Apparels And Ornaments Limited is involved in two separate lines of business:
    Wholesale trading
    Online retail of silver ornaments
    The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewelry. It supplies all major cities across the country.

28. Avi Ansh Textile Limited IPO
    Avi Ansh Textile Limited is a manufacturer and exporter of 100% cotton yarn, including combed and carded cotton yarn in various counts. The company operates in both domestic and global markets, manufacturing and supplying a variety of yarns and fabrics to meet customer needs.The company operates spinning factories with a total capacity of 26,000 spindles, producing approximately 4,500 metric tons of cotton yarn annually, ranging from 20s to 40s counts.

29. Rappid Valves (India) Limited IPO
    Rappid Valves (India) Limited primarily engages in the manufacturing of Valve solutions. The company offers various valves, including ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are made using ferrous and non-ferrous materials and come in sizes ranging from 15mm to 600mm to meet diverse requirements.

30. WOL3D India Limited IPO
    WOL3D India Limited provides 3D Printing solutions, which enable easier prototyping and finding applications in various sectors, such as manufacturing, education, engineering, architecture, interior design, fashion design, product design, medical, and dental.

31. Thinking Hats Entertainment Solutions Limited IPO
    Thinking Hats Entertainment Solutions Limited specializes in concept development, event design, and production for live events, corporate functions, MICE, social and virtual events, as well as OTT content production and experiential marketing with a focus on content development, intellectual property curation, and tech-centric product development.

32. TechEra Engineering Limited IPO
    Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defence industries. The company also provides automation system solutions.The company makes assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components.

33. Unilex Colours and Chemicals Limited IPO
    Unilex Colours and Chemicals Limited manufactures pigments, trades chemicals, and manufactures food colors. The company markets its products under the registered brand name Unilex, catering to both domestic and international markets. They provide a wide range of pigment solutions for various industries.

34. Sahasra Electronics Solutions Limited IPO
    Sahasra Electronic Solutions Limited is an Electronic System Design and Manufacturing company that provides electronic system design and manufacturing (ESDM) services at its Noida plant. The company provides products and solutions such as printed circuit board (PCB) assembly, Box Build, and LED lighting. Memory, IT accessories, computer, and IT hardware.

35. Divyadhan Recycling Industries
    Divyadhan Recycling Industries Limited manufactures Recycled Polyester Staple Fibre (R-PSF) and Recycled Pellets. The company is certified for Quality Management System (ISO 14001: 2015) and Environmental Management System (ISO 14001: 2015) for manufacturing Recycled Polyester Staple Fibre

36. Forge Auto International
    Forge Auto International Limited is an engineering company that forges and manufactures complex, safety-critical, forged, and precision-machined components for the auto industry (automobiles, tractors, railways) and non-auto sectors (agriculture parts, hydraulic parts, striking tools).

37. Nexxus Petro Industries
    Nexxus Petro Industries Limited is involved in the trading, manufacturing, and sale of petrochemical products, particularly bitumen products.The company produces and distributes high-quality bitumen, bitumen emulsions, and special bituminous allied products to infrastructure/construction companies, government agencies, road authorities, and the bitumen industry.

38. HVAX Technologies
    HVAX Technologies Limited provides turnkey engineering, procurement, and execution of controlled environment and cleanroom infrastructure, design, engineering, and consulting services to pharmaceutical and healthcare companies.
    The company supplies the following products manufactured by third parties: - Cleanroom wall panels, Cleanroom ceiling panels, Covings, Riser panels, Cleanroom doors, Flooring systems, Pass boxes, Air showers, LT/HT electrical panels, Pre-fabricated galvanized iron (GI) ducts, Air handling units, Chillers, Building Management Systems (BMS) Equipment, Utility generation and distribution Equipment

40. Saj Hotels
    Saj Hotels Limited operates in the hospitality industry, offering a diverse range of services, including traditional resort accommodations, villa rentals, and restaurant and bar properties. The company provides comprehensive services to ensure a memorable experience for our guests.

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