Upcoming IPOs: From Muthoot Microfin to Electro Force, 12 new companies are coming to Dalal Street next week. Check out the full list
Amid the lively atmosphere on Dalal Street, where benchmark indices, broader markets and various sectors are constantly achieving new milestones, the primary market is showing increasing vitality. This offers investors numerous investment opportunities as a total of twelve companies will launch their initial public offerings (IPOs) next week, accompanied by eight planned new listings.
Dalal Street is set for a busy week starting December 18 with the launch of 12 new IPOs that will bring in revenue in total ₹4,600 crore, an increase over the ₹4,000 crore was collected in the previous week.
“A key reason for the strong interest in IPOs is the increased focus on profitability and appropriate pricing of deals, at least compared to the prevailing higher valuation metrics among listed peers. Next week looks promising, with more than half a dozen companies set to go public with their IPOs. The IPO of Inox Limited, Muthoot Microfin, Motisons Jewellers, Suraj Estate, Happy Forgings, RBZ Jewelers, Credo Brands and Azad Engineering is scheduled for next week. There will likely be strong capital raising on the markets next year too. There are more than 65 IPO documents filed with Sebi. Of these, 25 have already received the nod from Sebi,” said Mahavir Lunawat, managing director, Pantomath Capital Advisors Pvt. Ltd.
For the coming week, data suggests that cumulative fundraising by 239 companies in the current calendar year, including SMEs, is expected to be 239 ₹57,720 crore. This value is below that ₹61,900 crore was raised through 150 IPOs last year.
Here is a list of upcoming IPOs set to hit the primary market next week:
- IPO of Muthoot Microfin Limited
Muthoot Microfin IPO will open for subscription on December 18, 2023 and close on December 20, 2023. It is a book edition of ₹960 crore and a combination of fresh issue of 2.61 crore shares, added up ₹760 crores and offer for sale of shares totaling 0.69 crores ₹200 crores. The price range is ₹277 tons ₹291 per share.
2. IPO of Suraj Estate Developers
Suraj Estate Developers IPO will open for subscription on December 18, 2023 and close on December 20, 2023. It is a book edition of ₹400.00 crores and is entirely a fresh issue of 1.11 crore shares. The IPO price range is ₹340 tonnes ₹360 per share.
3. IPO of Motisons Jewelers Limited
The Motisons Jewelers IPO will open for subscription on December 18, 2023 and close on December 20, 2023. It is a book edition of ₹151.09 Crore and it is exclusively a fresh issue of shares worth 2.75 Crore. The IPO price range is ₹52 to ₹55 per share.
4. IPO of Happy Forgings Limited
The Happy Forgings IPO is open for subscription on December 19, 2023 and closes on December 21, 2023. It is a book-built issue and includes a new issue of ₹ 400 crore and offer for sale of 0.72 crore shares. The IPO price range is ₹808 to ₹850 per share.
5. IPO of Credo Brands Marketing Limited
The Mufti Menswear IPO will open for subscription on December 19, 2023 and close on December 21, 2023. It is a book edition of ₹549.78 crores and is solely an offer for sale of 1.96 crore shares. The IPO price range is ₹266 tons ₹280 per share.
6. IPO of RBZ Jewelers Limited
The RBZ Jewelers IPO will open for subscription on December 19, 2023 and close on December 21, 2023. It is a book edition of ₹100.00 crore and is entirely a fresh issue of 1 crore shares. The IPO price range is ₹95 to ₹100 per share.
7. IPO of Azad Engineering Limited
The Azad Engineering IPO is open for subscription on December 20, 2023 and closes on December 22, 2023. It is a book edition of ₹740 crores and is a combination of new edition of ₹240 crores and offer for sale of ₹500 crores. The IPO price range is ₹499 tons ₹524 per share.
8. IPO of Innova Captab Limited
The Innova Captab IPO will open for subscription on December 21, 2023 and close on December 26, 2023. It is a book edition of ₹570 crores and includes a new edition of ₹320 crore and offer for sale of 0.56 crore shares. The IPO price range is ₹426 tons ₹448 per share.
9. IPO of Sahara Maritime Limited
The Sahara Maritime IPO is open for subscription on December 18, 2023 and closes on December 20, 2023. The IPO is a fixed price issue of ₹6.88 crores and is entirely a fresh issue of 8.5 lakh shares. The IPO price is ₹81 per share.
10. IPO of Electro Force (India) Limited
The Electro Force India IPO will open for subscription on December 19, 2023 and close on December 21, 2023. It will be a fixed price issue of ₹80.68 crores. The issue will be a combination of fresh issues totaling 60 lakh shares ₹55.80 Crores and offer for sale of shares totaling Rs 26.75 Lakh ₹24.88 crores. The IPO price is ₹93 per share.
11. IPO of Shanti Spintex Limited
The Shanti Spintex IPO will open for subscription on December 19, 2023 and close on December 21, 2023. It is a book edition of ₹31.25 crores and is a combination of fresh issue of 26.88 lakh shares with a total amount of ₹18.82 crores and offer for sale of 17.76 lakh shares with a total value of ₹12.43 crores. The IPO price range is ₹66 to ₹70 per share.
12. IPO of Trident Techlabs Limited
The Trident Techlabs IPO will open for subscription on December 21, 2023 and close on December 26, 2023. It is a book edition of ₹16.03 Crores and is a pure fresh issue of shares worth Rs 45.8 lakh. The IPO price range is ₹33 to ₹35 per share.
New offers next week –
- DOMS Industries – The IPO of DOMS will be listed on the BSE and NSE. The provisional trading date is Wednesday, December 20, 2023.
- Indian home The IPO of Finance Corporation – India Shelter Finance will be listed on the BSE and NSE. The preliminary listing date is Wednesday, December 20, 2023.
- Presstonic Engineering – Presstonic Engineering's IPO will be listed on the NSE SME. The tentative listing date is Monday, December 18, 2023.
- SJ Logistics (India) – The SJ Logistics IPO will be listed on the NSE SME. The preliminary listing date is Tuesday, December 19, 2023.
- Shree OSFM E-Mobility – Shree OSFM E-Mobility's IPO will be listed on NSE SME. The preliminary listing date is Thursday, December 21, 2023.
- Siyaram Recycling Industries – Siyaram Recycling's IPO will be listed on the BSE SME. The tentative listing date is Thursday, December 21, 2023.
- Benchmark Computer Solutions – Benchmark Computer Solutions IPO will be listed on BSE SME. The provisional trading date is Thursday, December 21, 2023.
- Inox India Limited – Inox CVA's IPO will be listed on the BSE and NSE. The tentative listing date is Thursday, December 21, 2023.
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