September to be busiest IPO month in 14 years, RBI Bulletin reveals; check list

3 min read | Updated on September 23, 2024, 13:35 IST

SUMMARY

The Reserve Bank of India's latest Bulletin, released on September 20, noted that financial markets are undergoing shifts. "September is set to be the busiest month for IPOs – mainboard and SME – in 14 years," said the article on the state of the economy published in RBI's latest Bulletin.

54% of shares allotted to investors in an IPO were sold within a week of listing, RBI's Bulletin said, citing a study by SEBI.

September 2024 is set to be the busiest month for initial public offerings (IPOs) in both the mainboard and small and medium enterprises (SME) segments in the last 14 years, with 30 companies making their market debut so far this month.

The Reserve Bank of India's latest Bulletin, released on September 20, noted that financial markets are undergoing shifts.

"In the primary equity market, there is a surge of interest in small and medium enterprises (SMEs) initial public offerings (IPOs), including from domestic mutual funds, with massive oversubscriptions," said the article on the state of economy published in RBI's latest Bulletin.

The article, citing a study by the market regulator Securities and Exchange Board of India (SEBI), said 54% of shares allotted to investors in an IPO were sold within a week of listing.

"September is set to be the busiest month for IPOs – mainboard and SME – in 14 years," the article said.

IPO listings in September 2024

Indian Phosphate IPO
Vdeal System IPO
Premier Energies IPO
Jay Bee Laminations IPO
Paramatrix Technologies IPO
Aeron Composite IPO
ECOS (India) Mobility & Hospitality IPO
Travels & Rentals IPO
Boss Packaging Solutions IPO
Baazar Style Retail IPO
Gala Precision Engineering IPO
Jeyyam Global Foods IPO
Naturewings Holidays IPO
Namo eWaste Management IPO
Mach Conferences and Events IPO
Shree Tirupati Balajee Agro Trading Company IPO
My Mudra Fincorp IPO
Vision Infra Equipment Solutions IPO
Gajanand International IPO
Share Samadhan IPO
Shubhshree Biofuels Energy IPO
Kross IPO
Aditya Ultra Steel IPO
Tolins Tyres IPO
Bajaj Housing Finance IPO
SPP Polymer IPO
PN Gadgil Jewellers IPO
Innomet Advanced Materials IPO
Excellent Wires and Packaging IPO
Sodhani Academy of Fintech Enablers IPO
Popular Foundations IPO (September 24)
Deccan Transcon Leasing IPO (September 24)
Envirotech Systems IPO (September 24)
Western Carriers (India) IPO (September 24)
Pelatro IPO (September 24)
Northern Arc Capital IPO (September 24)
Osel Devices IPO (September 24)
Arkade Developers IPO (September 24)
Paramount Speciality Forgings IPO (September 25)
Kalana Ispat IPO (September 26)
Avi Ansh Textile IPO (September 27)
Phoenix Overseas IPO (September 27)
SD Retail IPO (September 27)
BikeWo GreenTech IPO (September 27)
Manba Finance IPO (September 30)
Rappid Valves (India) IPO (September 30)
WOL 3D India IPO (September 30)

The article said that mobilising resources via IPO has remained strong in 2024, with India accounting for the highest number of IPOs globally (27% by volume) in the first half of 2024. Regarding money raised, India represented 9% of total proceeds through initial share sale.

"Investor enthusiasm in the primary segment can be gauged by the fact that the IPO of a housing finance company in the second week of September garnered bids of over Rs 3 lakh crore," it said.

Meanwhile, Northern Arc Capital, Arkade Developers, and Western Carriers' mainboard IPOs will be listed on the stock exchanges on Tuesday, September 24.

To learn more about IPO listings, schedule and upcoming IPOs, click here.

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