This article will give you information about the top 5 Upcoming IPOs. We will discuss their background, Issue dates, Listing date, issue price, Issue size, lot size, listing exchange, GMP, and so on.
All this information will help you be the first to book the lot before it gets delayed. You will be able to analyze which is best for you and you will get time to prepare yourself to book the lot from the top 5 upcoming IPOs.
So, without wasting any time let’s get started one by one in the top 5 upcoming IPOs
Table of Contents
1:Sodhani Academy of Fintech Enablers Limited IPO.
Founded in 2009 this company offers financial training, consulting, and learning services. This company wants to spread itself Offline infrastructure, build a content studio, IT Procurement, brand visibility and awareness, Application development For LMS, and so on. All these are objectives of IPO.
Sodhani Academy of Fintech Enablers Limited’s IPO date is from September 12, 2024, to September 17, 2024. The listing date is around September 20, 2024, and which issue price is Rs 40 and the issue size is Rs6.12 cr. Every lot has 3000 shares that will cost min or max Rs120,000 for retail investors. With 1,530,000 shares this company will be listed in BSE SME exchange.
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2:Popular Foundations Limited IPO.
This company specializes in engineering and construction services that provide amazing end-to-end project solutions in the construction sector. Founded in 1998 this company is dedicated to construction practices in several areas like: Factories, Educational institutions, and commercial and residential projects.
Because the company needs to repay certain outstanding borrowings by the company and to fund the working capital requirement of the company, that’s why it is launching the IPO.
Popular Foundations Limited IPO opened on September 13 and will close on Sep 18, 2024, and the IPO listing date is Sep 23, 2024. IPO’s issue price is Rs 37.00 and because its lot size is 3000 shares that’s why min or max Rs 110,000 is necessary for any retail investor. It will list in the BSE SME exchange with a total of 5,370,000 shares and a Rs 19.87cr issue size.
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3:Deccan Transcon Leasing Limited IPO.
Deccan Transcon Leasing Limited was founded in Feb 2007 and provides tank container on lease and logistic and supply chain solutions in various sectors. It is dedicated to comprehensive freight and shipping solutions, including domestic tank container logistics, tank fleet management, customs clearance, and transportation.
To fund tank procurement capital requirement and funding working capital requirements of the company launching IPO to gain the capital.
Its IPO opened on Sep 13 and will close on Sep 18, 2024, and will list in the NSE SME exchange on Sep 23 with Rs 102 to 108 Price band. Because its lot size is 1200 shares that’s why min or max of Rs 129,600 will be required for retail investors. 6,024,000 shares in total to raise Rs59.66cr.
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4: Envirotech Systems Limited IPO.
Established in 2007, this company manufactures noise measurement and control solutions for industrial and commercial applications. It specializes in the design and supply of custom enclosures for noise reduction in machinery and mechanical equipment which are suitable for both indoor and outdoor applications. Product list: Noise test booth, Engine test, Room Acoustics, and so on.
It’s launching an IPO to purchase land and buildings for setting up a factory, and for funding the working capital requirements of the company. Its IPO opened on Sep 13 and will close on Sep 18, 2024. With a Rs53 to Rs56 price band and 2000 shares per lot min or max Rs112,000 will be for retail investors. The issue price is Rs30.24 Cr with 5,400,000 shares in total, this company will be listed in the NSE SME exchange.
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5 Western Carriers (India) Limited IPO Is The Best of the Top 5 Upcoming IPOs.
In the top 5 upcoming IPOs Westers Carriers (India) Limited stands in 5th position is a Multi Model, Rail-focused, 4LP asset-light logistics company founded in 2011. The company offers fully customizable, multi-model logistic solutions encompassing road, rail, water, and air transportation and a tailored range of value-added services.
Because they need to re-pay a portion of outstanding borrowing availed by the company and to fund expenditure requirements of the company to purchase commercial vehicles and so on, that’s why they are launching an IPO.
Its IPO is open from Sep 13 to Sep 18, 2024, and will list on the BSE, and NSE exchange On Monday, Sep 20, 2024, with 23,255,813 total shares and Rs492.88 Cr issue price. Because its price band is Rs163 to Rs172 and 87 shares per lot that’s why Min Rs14,964 and Max Rs194,532 will be required for any retail investors because 13 max lots are available for Retail.
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Conclusion
It’s our research but do your research according to your choice and preference before buying the lot. That’s why we have given you the link to deep dive in the company.
If you want to be updated with more such updates then stick with us.
Muhammad Shahbaz Wrote this article.