The IPO (Initial Public Offering) season is very active in the Indian stock market. In the second week of September, starting from September 8, a total of 9 companies are launching their IPOs.
Out of these, three are mainboard IPOs from big companies. Apart from new issues, several companies will also see their shares listed this week. For investors, this is a good chance to explore fresh opportunities.
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Urban Company’s ₹1,900 Crore IPO
The biggest highlight of the week is the IPO of Urban Company Ltd, based in Gurugram.
Issue Date: September 10 to September 12
Price Band: ₹98 – ₹103 per share
Lot Size: 145 shares
Total Size: ₹1,900 crore (₹472 crore fresh issue + ₹1,428 crore Offer for Sale)
Funds raised will be used for technology development, cloud infrastructure, office rental, marketing, and corporate needs. Urban Company is a well-known online platform for beauty and home services.
Dev Accelerator’s Flexible Office Space IPO
Another IPO this week is from Dev Accelerator Ltd, worth ₹143.35 crore.
Issue Date: September 10 to September 12
Price Band: ₹56 – ₹61 per share
Offer Size: 2.35 crore fresh shares (no OFS)
Funds will go into new office fit-outs, security deposits, debt repayment, and other corporate uses. The company operates under the DevX brand and has been growing in the flexible office space sector since 2017.
Shringar House of Mangalsutra’s Jewellery IPO
Shringar House of Mangalsutra, a jewellery brand, is also launching an IPO worth ₹400.95 crore.
Issue Date: September 10 to September 12
Price Band: ₹155 – ₹165 per share
Lot Size: 90 shares
Funds will mainly be used for working capital and corporate purposes. Founded in 2009, the company specializes in Mangalsutras made of 18k and 22k gold, with designs using American diamonds, pearls, cubic zirconia, and semi-precious stones.
Listings Next Week
Along with new IPOs, many companies will get listed next week. Among them, Amanta Healthcare will be listed on the mainboard, while others will be listed as SME companies.
A Big Week for Investors
This week is important for investors as it offers opportunities across technology, flexible office solutions, jewellery, and more.
From big platforms like Urban Company to sector-focused businesses like Dev Accelerator and Shringar House, investors can diversify their portfolios.
However, it is essential to study each company’s financials and market risks carefully before investing.