12 New Companies Set to Raise: The main market is showing more life because of the positive vibe on Dalal Street, where standard indices, wider markets, and different industries are always reaching new milestones. There are a lot of business opportunities right now because 12 companies are launching their initial public offers (IPOs) next week, and eight more are set to go public.
Dalal Street is about to have a busy week. On December 18, 12 new initial public offerings (IPOs) will start, raising a total of ₹4,600 crore. This is more than the ₹4,000 crore that was raised the week before.
“One big reason for the high interest in initial public offerings (IPOs) is that people are paying more attention to making deals profitable and setting fair prices, at least compared to their listed peers’ higher valuation multiples.” A lot of good things are going to happen next week. More than six companies will go public this week.
It will be possible to buy shares in Inox Limited, Muthoot Microfin, Motisons Jewellers, Suraj Estate, Happy Forgings, RBZ Jewellers, Credo Brands, and Azad Engineering next week. The markets are likely to see a big cash raise again next year. The IPO papers that have been filed with Sebi number more than 65. Mahavir Lunawat, the managing director of Pantomath Capital Advisors Pvt. Ltd., stated, “25 of these have already received Sebi approval.”
The total amount of money raised by 239 companies this year, including small and medium-sized businesses, is expected to reach ₹57,720 crore this coming week. This amount is less than the ₹61,900 crore that 150 IPOs raised the year before.
12 New Companies Set to Raise ₹4,600 Crore in Upcoming IPOs
1. IPO for Muthoot Microfin Limited
The IPO for Muthoot Microfin will begin on December 18, 2023, and end on December 20, 2023. It is a book-built issue of ₹960 crores, which is made up of a fresh issue of 2.61 crore shares worth ς�760 crores and an offer to sell 0.69 crore shares worth ₹200 crores. The price range is ₹277 to ₹291 per share.
2. IPO for Suraj Estate Developers
The initial public offering (IPO) for Suraj Estate Developers will begin on December 18, 2023, and end on December 20, 2023. It is a book-built issue for ₹400 crores and a brand-new issue of 1.11 crore shares. The price range for the IPO is ₹340 to ₹360 per share.
3. IPO for Motisons Jewellers Limited
The Motisons Jewellers IPO will take place from December 18, 2023, to December 20, 2023. People can start to subscribe on December 18, 2023. It is a book-built issue for 151.09 crores and a brand-new issue of 2.75 crore shares. The price range for the IPO is ₹52 to ₹55 per share.
4. IPO for Happy Forgings Limited
The Happy Forgings IPO goes live on December 19, 2023, and ends on December 21, 2023. It is a book-built issue with a fresh issue of ₹400 crore and an offer to sell 0.72 crore shares. The price range for the IPO is ₹808 to ₹850 per share.
5. IPO for Credo Brands Marketing Limited
Sign ups for the Mufti Menswear IPO will begin on December 19, 2023, and end on December 21, 2023. It’s a book-built issue for ₹549.78 crores and there are 1.96 crore shares up for sale. The price range for the IPO is ₹266 to ₹280 per share.
6. IPO for RBZ Jewellers Limited
Sign ups for the RBZ Jewellers IPO will begin on December 19, 2023, and end on December 21, 2023. It is a book-built issue for ₹100 crores and a brand-new issue of 1 crore shares. The price range for the IPO is ₹95 to ₹100 per share.
7. IPO for Azad Engineering Limited
The Azad Engineering IPO goes live on December 20, 2023, and ends on December 22, 2023. The issue has been built up over time and is worth 740 crores. It is made up of a new issue worth 240 crores and an offer for sale worth 500 crores. The price range for the IPO is ₹499 to ₹524 per share.
8. IPO for Innova Captab Limited
The Innova Captab IPO will start taking subscriptions on December 21, 2023, and end on December 26, 2023. A book-built issue of ₹570 crores is made up of a fresh issue of ₹320 crore and an offer to sell 0.56 crore shares. The price range for the IPO is ₹426 to ₹448 per share.
9. IPO for Sahara Maritime Limited
The Sahara Maritime IPO goes live on December 18, 2023, and ends on December 20, 2023. There will be a set price of ₹6.88 crores for the IPO, and 8.5 lakh new shares will be added. ₹81 a share is how much the IPO costs.
10. IPO for Electro Force (India) Limited
The IPO for Electro Force India will begin on December 19, 2023, and end on December 21, 2023. The price put on it is set at ₹80.68 crores. There are two parts to the issue: a new issue of 60 lakh shares worth ₹55.80 crores and an offer for sale of 26.75 lakh shares worth ₹24.88 crores. ₹93 a share is how much the IPO costs.
India Shelter Finance to launch Rs 1,200-cr IPO on Dec 13
11. IPO for Shanti Spintex Limited
Signups for the Shanti Spintex IPO will begin on December 19, 2023, and end on December 21, 2023. The issue, which was planned ahead of time, is worth ₹31.25 crores. It is made up of a fresh issue of 26.88 lakh shares worth ₹18.82 crores and an offer to sell 17.76 lakh shares worth ₹12.43 crores. The price range for the IPO is ₹66 to ₹70 per share.
12. IPO for Trident Techlabs Limited
On December 21, 2023, people will be able to subscribe to Trident Techlabs’ IPO. It will end on December 26, 2023. There will be a book-built issue of ₹16.03 crores and a brand-new issue of 45.8 lakh shares. The price range for the IPO is ₹33 to ₹35 per share.
What Next?
- THE IPO for DOMS Industries will go public on both the BSE and the NSE. The possible date of the launch is December 20, 2023, Wednesday.
- The Indian Shelter Finance Corporation IPO will be listed on both the BSE and the NSE. The possible listing date is December 20, 2023, on Wednesday.
- Presstonic Engineering: The initial public offering (IPO) for Presstonic Engineering will be listed on the NSE SME, and the likely date for the listing is set for Monday, December 18, 2023.
- S J Logistics (India): The S J Logistics initial public offering (IPO) will be listed on the NSE SME, and the possible date of listing is December 19, 2023.
- You can buy Shree OSFM E-Mobility on the NSE SME. The IPO for Shree OSFM E-Mobility is expected to go public on Thursday, December 21, 2023.
- The Siyaram Recycling Industries IPO will go public on the BSE SME, and the possible date of listing is Thursday, December 21, 2023.
- Benchmark Computer Solutions – The initial public offering (IPO) of Benchmark Computer Solutions will be sent to the BSE SME market. The possible date of listing is Thursday, December 21, 2023.
- It is planned that Inox India Limited’s Inox CVA IPO will go public on both the BSE and the NSE on Thursday, December 21, 2023.
