Upcoming IPOs in September 2024

September 2024 is a busy month for investors, with several intriguing IPOs on horizon. Here’s a detailed overview of upcoming IPOs, including Popular Foundations Limited, BikeWo GreenTech Limited, Deccan Transcon Leasing Ltd, Envirotech Systems Ltd, Paramount Speciality Forgings Ltd, Sodhani Academy Ltd, Pelatro Ltd, & OSEL Group Ltd.

1. Popular Foundations IPO

Business Overview
Popular Foundations Limited, founded in 1998, specializes in non-residential & non-government construction projects, including factories & educational institutions, primarily around Chennai. The company has expanded its project footprint to cities like Pondicherry & Bangalore.

Financial Performance
As of FY24, the company’s revenue surged to ₹5,191 lakhs from ₹2,630.17 lakhs in FY22. PAT rose impressively to ₹347.76 lakhs. The IPO price is set at ₹37 per share, with a total issue size of ₹19.87 crores.

Future Outlook
The IPO proceeds will be used for debt repayment, working capital, & general corporate purposes. The company faces competition & economic fluctuations but is positioned for steady growth.

Key Dates
- IPO Open Date: 13th September 2024
- IPO Close Date: 18th September 2024
- Listing Date: 23rd September 2024

2. BikeWo GreenTech IPO

Business Overview
BikeWo GreenTech Limited, established in 2006, is an electric two-wheeler retailer with operations across several states. The company has pivoted to EVs since 2022 & plans to expand further.

Financial Performance
The company's assets grew significantly to ₹3,016.07 lakhs by December 2023. Revenue has been volatile but improved to ₹1,807.2 lakhs recently. PAT reached ₹130.94 lakhs. The IPO price band is ₹59 to ₹62 per share, with an issue size of ₹24.09 crores.

Future Outlook
Funds will be used for acquiring EVs, setting up dealerships, & repaying debt. With a focus on expanding its EV network, BikeWo is poised for growth but must navigate competitive & regulatory challenges.

Key Dates
- IPO Open Date: 18th September 2024
- IPO Close Date: 20th September 2024
- Listing Date: 25th September 2024

3. Deccan Transcon Leasing IPO

Business Overview
Deccan Transcon Leasing Ltd is involved in leasing & financial services. company offers leasing solutions for various sectors, including transport & machinery.

Financial Performance
Detailed financial metrics for Deccan Transcon are pending, but the IPO aims to raise capital to expand its leasing portfolio & enhance financial stability.

Future Outlook
The IPO proceeds will support the company's leasing operations & expansion. Market conditions & leasing demand will influence future growth.

Key Dates
- IPO Open Date: 17th September 2024
- IPO Close Date: 21st September 2024
- Listing Date: 26th September 2024

4. Envirotech Systems IPO

Business Overview
Envirotech Systems Ltd focuses on environmental solutions, including waste management & pollution control technologies. The company caters to various industries with its innovative environmental technologies.

Financial Performance
The financial details for Envirotech Systems will be updated soon. IPO is expected to raise funds to bolster its environmental solutions & expand its market reach.

Future Outlook
Proceeds will fund technological advancements & market expansion. The company’s growth prospects are tied to increasing environmental regulations & demand for sustainable solutions.

Key Dates
- IPO Open Date: 19th September 2024
- IPO Close Date: 22nd September 2024
- Listing Date: 27th September 2024

5. Paramount Speciality Forgings IPO

Business Overview
Paramount Speciality Forgings Ltd is engaged in the manufacture of specialty forgings for automotive & industrial applications. The company’s products cater to high-demand sectors.

Financial Performance
Financial metrics will be detailed in the prospectus, but the IPO is set to raise capital for expanding manufacturing capabilities & market presence.

Future Outlook
The company aims to use IPO funds for production expansion & research. Market growth in automotive & industrial sectors will impact future performance.

Key Dates
- IPO Open Date: 20th September 2024
- IPO Close Date: 24th September 2024
- Listing Date: 28th September 2024

6. Sodhani Academy IPO

Business Overview
Sodhani Academy Ltd provides educational services & training programs. The company aims to enhance educational access & quality through its diverse programs.

Financial Performance
Sodhani Academy’s financial performance will be detailed in the IPO prospectus. The company plans to use IPO proceeds to expand its educational services & facilities.

Future Outlook
The IPO funds will support educational expansion & infrastructure development. Growth will depend on the demand for educational services & institutional performance.

Key Dates
- IPO Open Date: 22nd September 2024
- IPO Close Date: 25th September 2024
- Listing Date: 30th September 2024

7. Pelatro IPO

Business Overview
Pelatro Ltd specializes in marketing technology solutions, providing data-driven customer engagement & analytics tools to businesses across various sectors.

Financial Performance
Financial details for Pelatro Ltd will be provided in prospectus. IPO aims to raise funds to enhance its technological offerings & market expansion.

Future Outlook
Proceeds will be used for technology development & global market expansion. Company’s success will hinge on demand for marketing technology & competitive positioning.

Key Dates
- IPO Open Date: 21st September 2024
- IPO Close Date: 24th September 2024
- Listing Date: 29th September 2024

8. OSEL Group IPO

Business Overview
OSEL Group Ltd operates in pharmaceutical sector, focusing on production & distribution of pharmaceutical products & medical devices.

Financial Performance
The financial specifics will be available in IPO documents. IPO will support company’s production capabilities & market expansion.

Future Outlook
The IPO proceeds will fund production enhancements & market expansion. Growth prospects are tied to pharmaceutical industry’s demand & regulatory landscape.

Key Dates
- IPO Open Date: 25th September 2024
- IPO Close Date: 28th September 2024
- Listing Date: 2nd October 2024

Conclusion

September 2024 presents diverse range of IPO opportunities across various sectors, from construction & EVs to environmental solutions & education. Each company has its own growth trajectory & financial profile, offering investors range of choices based on their investment goals & risk tolerance. As always, it’s essential to review each IPO’s prospectus & consult with financial advisors to make informed investment decisions.