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September 2022 stocks: 12 IPOs of small Indian companies will hit the market before Sep 30

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Akshata Kamath
Akshata KamathSep 27, 2022 | 14:16

September 2022 stocks: 12 IPOs of small Indian companies will hit the market before Sep 30

At least 13 small and medium companies will list this week on the stock exchange. (Photo: Getty Images)

If you are looking to invest in the stock market in the coming few days, you can either consider buying dividend and bonus-paying stocks or invest in IPOs.

12 small and medium-sized Indian companies (whose minimum post issue paid up capital is between Rs 1 crore and Rs 25 crore) will aim to raise money through an IPO between September 26, and September 30, 2022, so that they can sell their shares to the public for the first time and get listed on the BSE SME or the NSE Emerge platform. 

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The IPO process for the below companies will begin on September 26, 2022, and end by or before September 29, 2022: 

1. Insolation Energy: Insolation Energy is in the business of manufacturing solar panels in India. Insolation Energy plans to raise over Rs 22.16 crore entirely through a fresh issue where investors will have to buy at least 3,000 shares or in multiples of 3,000. Since the price band is fixed at Rs 36 to Rs 38 per share, you need a minimum of Rs 114,000 to invest in this IPO. 

2. Maagh Advertising & Marketing Services: Maagh Advertising is an advertising agency that offers a complete range of designing, media and printing services. Maagh aims to raise Rs 8.66 crore through an IPO on the BSE and investors can apply for a minimum of 2,000 equity shares at an issue price of Rs 60. You will need a minimum of Rs 120,000 to invest in the IPO.   

3. Trident Lifeline: Trident Lifeline is in the business of marketing and distributing pharmaceutical products in the domestic and international markets through third-party distribution networks. Trident aims to raise Rs 33.57 crore through the IPO and investors can bid for a minimum of 1,200 equity shares at an issue price of Rs 101, thus spending at least Rs 121,000 per lot. The issue will be listed on the BSE.

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4. Steelman Telecom: Steelman offers support services and solutions to address the network requirements of the telecom industry and provides services like network survey and planning, installation and commissioning, network testing and optimization for network maintenance. Steelman plans to raise Rs 24.72 crore and investors can apply for at least 1,200 equity shares at a price of Rs 96. The minimum spend will be around Rs 115,200 per lot and the company will list on BSE.

Companies with IPO process between September 27, 2022, to September 30, 2022: 

5. Concord Control Systems: Concord Control Systems is in the business of manufacturing and supplying coach-related and electrification products for Indian Railways and other railway contractors. The IPO process aims to raise Rs 8.32 crore from the public entirely through a fresh issue. Concord Control will offer 15.12 lakh equity shares at a price band of Rs 53 to Rs 55 per share and since you need to buy at least 2000 shares, you need a minimum capital of Rs 110,000 to invest in this IPO. 

6. Cargotrans Maritime: Cargotrans Maritime is an international logistics solutions provider and the company provides sea logistics services like ocean freight forwarding, transportation, customs clearance and warehousing to clients. The IPO aims to raise Rs 4.59 crore and investors can bid for a minimum of 3,000 shares at an issue price of Rs 45. So you spend about Rs 135,000 for 1 lot. Remember, the company will only list on BSE.

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7. Cyber Media Research & Services: Cyber Media is in the business of ad tech and data analytics and has four revenue streams ie digital marketing, programmatic media buying, publisher monetization and data analytics. Cyber Media will raise Rs 12.66 crore through the IPO and investors can apply for a minimum of 800 shares in the price band of Rs 171-180, thus spending at least Rs 144,000. The shares of the company shall list on NSE.

8. Indong Tea: Indong owns and operates a tea garden under a government lease and is engaged in tea plantation & manufacturing of CTC Tea at Indong Tea Estate in West Bengal. The company aims to raise Rs 12.35 crore and investors will have to buy at least 4,000 shares at Rs 26 ie Rs 104,000 to buy 1 lot. The shares of the company will list on BSE. 

9. Lloyds Luxuries: Lloyds Luxuries Limited is in the business of providing grooming, salon services, and beauty products for men in India. Lloyds aims to raise Rs 22.88 crores and has kept the price per share at Rs 40. Investors have to buy at least 3,000 shares and spend at least Rs 120,000 for 1 lot. 

10. QMS Medical Allied Services: QMS is in the business of marketing and distributing a wide range of medical products and medical education services. QMS aims to raise Rs 54 crore by issuing shares at Rs 121 per share. Investors can bid for at least 1,000 equity shares and will have to spend Rs 121,000 per lot.  

11. Reetech International Cargo & Courier: Reetech is a  coal supplier in India and supplies products to customers in various sectors ie power, steel, rolling and other industries. The company wants to raise Rs 11.11 crore issue at a price of Rs 105 per share and investors can bid for a minimum share lot of 1,200 equity shares.

12. Silicon Rental Solutions: Silicon Rentals is an IT equipment outsourcing company and is engaged in providing end-to-end IT equipment on a rental and returnable basis in India. It provides laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices, for rent. The Rs 20.09 crore issue will need investors to apply for a minimum of 1,600 equity shares at an issue price of Rs 78 (and spend at least Rs 124,800).

Will you invest in any of them?

Last updated: September 27, 2022 | 14:16
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