SME IPOs for The Upcoming Week : As the market buzzes with anticipation, this upcoming week promises a fresh wave of excitement for small and medium enterprises (SMEs) eyeing the IPO stage. With several promising companies set to make their public debut, investors are eager to explore new opportunities and diversify their portfolios. In this post, we’ll take a closer look at the key SMEs hitting the market, the sectors they represent, and what potential investors should consider as they navigate this dynamic landscape. Whether you’re a seasoned investor or new to the game, understanding these upcoming IPOs could be your gateway to unlocking significant growth potential.
1. Kalana Ispar Limited
About The Companies Business
Kalana Ispat Limited, established in October 2012, specializes in manufacturing M.S.Billets and Alloy Steel Billets across various grades. Its Business operates in two segments ( 1 ) The sale of products, ( 2 ) Sale of services. The company’s manufacturing unit, certified by ISO 2830:2012 quality standards, has an annual production capacity of 38,000 matric tons.
IPO snapshot
| IPO SIZE | 32.59 Cr |
| PRICE BAND | 66 Per Share |
| OPEN DATE | Thursday, September 19, 2024 |
| CLOSE DATE | Monday, September 23, 2024 |
| MINIMUM LOT SIZE | 2000 Shares |
2. BikeWo GreenTech Limited
About The Companies Business
Bikewo Green Tech Limited, incorporated in December 2006, is an electric two-wheeler retailer in India, operating in Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, and Gujarat. The company follows a dealership model, offering three types of dealerships : State, Diamond, and Platinum. They plan to expand by opening new stores in Raipur, Indore, Delhi Chandigarh, Lacknow, Prayagraj, Patana and Bhuvneshwar.
IPO snapshot
| IPO SIZE | 24.09 Cr |
| PRICE BAND | 59 to 62 Per Share |
| OPEN DATE | Friday, September 20, 2024 |
| CLOSE DATE | Tuesday, September 24, 2024 |
| MINIMUM LOT SIZE | 2000 Shares |
3. SD Retail limited
About The Companies Business
SD Retail limited, incorporated in May 2004, designs, manufactures, and retails sleepwear under the brand “SWEET DREAMS,” offering stylish and comfortable options for men, women and children aged 2 – 16. As of February 29, 2024, the company sells its products through distributors, exclusive brand outlets ( EBOs ), multi-brand outlets ( MBOs ), and e-commerce platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon and its websites, both in India and Internationally.
IPO snapshot
| IPO SIZE | 64.98 Cr |
| PRICE BAND | 124 to 131 Per Share |
| OPEN DATE | Friday, September 20, 2024 |
| CLOSE DATE | Tuesday, September 24, 2024 |
| MINIMUM LOT SIZE | 1000 Shares |
4. Phoenix Overseas Limited
About The Companies Business
Phoenix Overseas Limited, founded in December 2002, is a B2B trading company that specializes in trading animal feeds, agricultural product and commodities like corn, oil cakes, spices, grains and pulses. The company also manufactures bags and fashion accessories made from juce, cotton, canvas and leather. Their clients are primarily from European countries, the UAE and Australia. Phoenix Overseas has a manufacturing facility in Sodhpur, Kolkata producing various bags, purses, wallets and fashion accessories for its international clients.
IPO snapshot
| IPO SIZE | 36.03 Cr |
| PRICE BAND | 61 to 64 Per Share |
| OPEN DATE | Friday, September 20, 2024 |
| CLOSE DATE | Tuesday, September 24, 2024 |
| MINIMUM LOT SIZE | 2000 Shares |
5. Avi Ansh Textile Limited
About The Companies Business
Avi Ansh Textile Limited, founded in April 2005, manufactures and expors 100% cotton yarn, including combed and carded yarn in various counts. The company holds ISO 14001:2015 and ISO 9001:2015 certifications, reflecting its commitment to environment and quality. Operating in both domestic and international markets, the company produces around 4,500 metric tons of cotton yarn annually through its spinning factories, which have a capacity of 26,000 spindles, with yarn counts ranging from 20s to 40s.
IPO snapshot
| IPO SIZE | 26 Cr |
| PRICE BAND | 62 Per Share |
| OPEN DATE | Friday, September 20, 2024 |
| CLOSE DATE | Tuesday, September 24, 2024 |
| MINIMUM LOT SIZE | 2000 Shares |
6. WOL 3D India Limited
About The Companies Business
WOL 3D India Limited, founded in November 1988, provides 3D printing solutions for various industries, including manufacturing, education, architecture, fashion and medical sector. Its product range includes 3D printing, scanners, laser engravers, pens, filaments and prototypin services. With brance offices in major cities and franchise offices across India, WOL 3D sells its products through e-commerce platforms like Flipkart, Amazon and retail chins like CROMA.
IPO snapshot
| IPO SIZE | 25.56 Cr |
| PRICE BAND | 142 to 150 Per Share |
| OPEN DATE | Monday, September 23, 2024 |
| CLOSE DATE | Wednesday, September 25, 2024 |
| MINIMUM LOT SIZE | 1000 Shares |
Table of Contents
7. Rappid Valves ( India ) Limited
About The Companies Business
Rappid Valves ( India ) Limited, established in 2000, specializes in manufacturing a wide range of valve solutions. The company offers various type of valves, including ball, gate, globe, butterfly, check, double block, filter and marine valves, made from ferrous and non-ferrous materials. These valves are available in sizes from 15mm to 600mm. The company’s manufacturing facility is well equipped with standard machinery.
IPO snapshot
| IPO SIZE | 30 Cr |
| PRICE BAND | 210 to 222 Per Share |
| OPEN DATE | Monday, September 23, 2024 |
| CLOSE DATE | Wednesday, September 25, 2024 |
| MINIMUM LOT SIZE | 600 Shares |
8. TechEra Engineering Limited
About The Companies Business
The Company established in 2018, specializes in designing, manufacturing and supplying tooling and components for the aerospace and defense industries. The company also offers automaton system solutions. Its product range Includes assembly tools, jigs, fixture, maintenance and repair tools, ground support qquipment and precision machined components.
IPO snapshot
| IPO SIZE | 35.90 Cr |
| PRICE BAND | 75 to 82 Per Share |
| OPEN DATE | Wednesday, September 25, 2024 |
| CLOSE DATE | Friday, September 27, 2024 |
| MINIMUM LOT SIZE | 1600 Shares |
9. Unilex Colours and Chemicals Limited
About The Companies Business
The Company established in March 2001, Produces pigments, trades chemicals and manufactures food colors. Operating under the brand name “Unilex,” the company serves both domastic and international markets with a diverse range of pigment solutins. Company’s manufacturing facility in Palghar, Maharastra, covers 1,275 squre meters and is equipped with a variety of machinery, including Ball Mills, Root Blowers, Reaction Steel Vessels and Spin Flash Dryers, among others.
IPO snapshot
| IPO SIZE | 31.32 Cr |
| PRICE BAND | 82 to 87 Per Share |
| OPEN DATE | Wednesday, September 25, 2024 |
| CLOSE DATE | Friday, September 27, 2024 |
| MINIMUM LOT SIZE | 1600 Shares |
10. Thinking Hats Entertainment Solutions Limited
About The Companies Business
Thinking Hats Entertainment Solutions Limited is a company that specializes in event planning, productin and content creation. Founded in 2013, that offer a wide range of services, Including live events, corporate functions, MICE events, social events, virtual events, OTT content production and experiential marketing. With a focus on content development, intellectual property curation and tech-centric product development, they have produced exclusive content for various OTT plateforms.
IPO snapshot
| IPO SIZE | 51.09 Cr |
| PRICE BAND | 42 to 44 Per Share |
| OPEN DATE | Wednesday, September 25, 2024 |
| CLOSE DATE | Friday, September 27, 2024 |
| MINIMUM LOT SIZE | 3000 Shares |
11. Divyadhan Recycling Industries Limited
About The Companies Business
Divyadhan Recycling Industries Limited, established in May 2010, manufactures Recycled Polyester Staple Fiber ( R-PSF) and Recycled pellets post-consumers PET bottles. The company is certified for Quality and Environmental Management. It operates two business verticals: Producing R-PSF from PET bottles and manufacturing recycled pellets from the same materials.
IPO snapshot
| IPO SIZE | 24.17 Cr |
| PRICE BAND | 60 to 64 Per Share |
| OPEN DATE | Thursday, September 26, 2024 |
| CLOSE DATE | Monday, September 30, 2024 |
| MINIMUM LOT SIZE | 2000 Shares |
12. Sahasra Electronics Solutions Limited
About The Companies Business
Sahasra Electronics Solutions Limited is an Indian ESDM company established in 2023. They offer services like PCB assembly, Box Build and LED lighting, primarily for global manufacturers. In FY 2024, they exported over 80% of their products to countries like the US, Rwanda, Tunisia, the UK, Germany, Canada, Austria and Belgium.
IPO snapshot
| IPO SIZE | 181.16 Cr |
| PRICE BAND | 269 to 283 Per Share |
| OPEN DATE | Thursday, September 26, 2024 |
| CLOSE DATE | Monday, September 30, 2024 |
| MINIMUM LOT SIZE | 400 Shares |
13. Forge Auto International Limited
About The Companies Business
Forge Auto International Limited is an Indian Engineering company established in 2001. They specialize in forging and manufacturing complex, safety-critical components for the auto and non-auto sectors. Their products are used in various industries by domestic and global OEMs. They manufacture items for commercial vehicles, railway bogies, tractors, agricultural equipment and Sledgehammers.
IPO snapshot
| IPO SIZE | 31.10 Cr |
| PRICE BAND | 102 to 108 Per Share |
| OPEN DATE | Thursday, September 26, 2024 |
| CLOSE DATE | Monday, September 30, 2024 |
| MINIMUM LOT SIZE | 1200 Shares |
14. Saj Hotels Limited
About The Companies Business
Incorporated in February 1981, 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. The company offers a range of accommodation options across various destinations, each trailored to provide comfort and convenience. The company owns or leases three resort properties.
IPO snapshot
| IPO SIZE | 27.63 Cr |
| PRICE BAND | 65 Per Share |
| OPEN DATE | Friday, September 27, 2024 |
| CLOSE DATE | Tuesday, October 1, 2024 |
| MINIMUM LOT SIZE | 2000 Shares |