The month of September, 2022 is likely to be a key turning point for the Indian stock market. Quite a few public issues from the Small and Medium Enterprise (SME) segment have been lined up to hit the market in just the first week of this month, with more likely on the way. 

With so many new and upcoming IPOs, tracking all of them may prove to be very challenging. However, with this IPO guide, you can get to know about some of the key information related to these public issues. Continue reading to find out more. 

Upcoming IPOs in September, 2022

We’ve come up with the table below to give you a quick overview of the opening and closing dates of the upcoming IPOs. Check it out below. 

Name of the company	Opening date of the IPO	Closing date of the IPO
Virtuoso Optoelectronics Limited	September 02, 2022	September 07, 2022
Tamilnad Mercantile Bank Limited	September 05, 2022	September 07, 2022
Viviana Power Tech Limited	September 05, 2022	September 08, 2022
Mega Flex Plastics Limited	September 06, 2022	September 09, 2022
Infurnia Holdings Limited	September 06, 2022	September 09, 2022

 

The list of entities mentioned above are only a few of the upcoming IPOs that are likely to hit the market in the month of September, 2022. Apart from the ones mentioned above, there may be a few others that might also see the light of the day by the end of the month. 

That said, since you’re now aware of the opening and closing dates of these new and upcoming IPOs, let’s take a look at the companies themselves. Here’s some key information regarding the entity and a few details of the IPO. 

1. Virtuoso Optoelectronics Limited 

First established in the year 2015, Virtuoso Optoelectronics is an entity that’s involved in the business of manufacturing and assembling a wide range of products including consumer durable goods. Some of the products in the company’s portfolio include - LED lighting, Air Conditioners, and Water Heaters. 

Through the upcoming IPO of theirs, the company is looking to raise around Rs. 30.24 crores by issuing 54,00,000 equity shares to the public. The price of the IPO has also been set at Rs. 56 per equity share. The shares of the company will be listed on the Bombay Stock Exchange’s SME platform. 

2. Tamilnad Mercantile Bank Limited 

Formed in the year 1921, the Tamilnad Mercantile Bank is a private sector banking institution. It offers a wide range of banking and financial products and services to its customers. In addition to serving retail individual customers, the bank also provides its services to Micro, Small, and Medium Enterprises (MSMEs). 

Through this new and upcoming IPO, the bank is planning to issue around 1,58,40,000 equity shares to the public. Since this is a mainboard IPO, the price band has been set at Rs. 500 to Rs. 525 per equity share. This puts the entire issue size at around Rs. 831.60 crores.

3. Viviana Power Tech Limited

Incorporated in the year 2014, Viviana Power Tech is a company that’s involved in power transmission and distribution. In addition to this, it is also in the business of Engineering, Procurement, and Construction (EPC) for Industrial space projects. 

According to the filings made by the company, it plans to issue around 16,00,000 equity shares to the public through its upcoming IPO. Since the price per equity share has been fixed at Rs. 55, the entire issue size comes up to around Rs. 8.80 crores. 

4. Mega Flex Plastics Limited 

Established in the year 2003, Mega Flex Plastics is in the business of producing Leno Bags that are used for storing and packaging agricultural products like vegetables. The company also produces Sutli and woven fabric. 

Through this new and upcoming IPO 2023, the company is planning to issue as many as 28,50,000 equity shares up for sale. The total issue size of this Initial Public Offering aggregates up to Rs. 11.40 crores. The price per share of the IPO has also been set by the company as Rs. 40. 

5. Infurnia Holdings Limited 

Established in 2014, Infurnia Holdings is in the business of developing software for interior design and architecture. The company has developed a unique cloud-based platform that allows professional designers to design buildings and interiors. 

The upcoming IPO of this company is slated to be worth around Rs. 38.20 crores. The entity is planning to issue 3,82,00,000 equity shares at a per share price of around Rs. 10. The shares of the Infurnia Holdings will be listed on the Bombay Stock Exchange’s dedicated SME platform.

Conclusion

In addition to the new and upcoming IPOs that are listed above, a few more public issues may also be launched in the month of September, 2022. More information regarding those may come to light as we progress through the month. 

If you’re a prospective investor who is interested in investing in an IPO, make sure to first have an active demat account. If you don’t have one, simply visit the website of Motilal Oswal to open a demat account for yourself for free. 

Related articles: 5 Tips for Investing In IPOs | What's the big deal about IPOs | Clearing the confusion from IPOs | IPO in India- The future looks bright | Upcoming IPO

 

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