After Tata Technologies' massive initial public offering (IPO) made a splash in the stock market in November, investors and subscribers are in for a mega IPO month in December 2023, with six new issues coming this month.
Six major IPOs set to launch this month (representative photo) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}}
Seven new IPOs were launched in the market in November, including Tata Technologies and IREDA, both of which performed strongly in the stock market. Now take a look at the six new releases expected to launch this month.
IPOs are scheduled to launch in December 2023
Allied Mixers
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Indian-made foreign liquor brand Allied Blenders and Distilleries, known for its Officer's Choice whiskey, is likely to launch its IPO ₹2000 crore this month. The IPO offers OFS from promoters for ₹1000 crores and new editions of ₹1000 crore.
Have fun forging
Happy Forgings Limited, a leading engineering and forging company, produces heavy and high precision machinery. The IPO has ₹500 crore fresh edition and total ₹80.5 lakh for the new issue.
Muthoot Mircofin
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Muthoot Microfin, an arm of Muthoot Finance, plans to launch an IPO this month to raise money ₹1350 crore for the company. Microfin received approval from Sebi to launch this IPO and is expected to launch it in December 2023.
DOMS Industries
DOMS, one of India's leading stationery products manufacturers, will launch its initial public offering (IPO) on December 13, the company confirmed. The company is planning an increase ₹1,200 crore through public offer.
India Shelter Finance
India Shelter Finance has plans to raise money ₹1800 crore through IPO, of which ₹800 will be raised for OFS and a new share issue worth ₹1,000 crore will be launched.
Jana Small Finance Bank
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Jana Small Finance Bank is expected to launch its IPO at the end of December. The IPO includes a new issue of ₹575 crore and an OFS consisting of over 40 lakh shares of shareholders.
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