The main market is all set to return to action after a brief hiatus as two major companies and four small and medium enterprises (SME) initial public offerings (IPOs) will hit Dalal Road. All six IPOs together will raise approximately ₹2,500 million dollars from public offerings.
“After an active November, December will also witness many new IPOs. It is expected that 15 new issues will be evaluated in the coming 2 months. However, investors should be cautious and invest in IPOs after considering the valuation and use of net proceeds,” Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
The initial public offering (IPO) raised approx ₹41,000cr so far. “India has emerged as the global leader in the number of IPOs in 2023. Q3FY23 saw 21 IPOs as compared to only 4 in Q3FY22. A huge increase of 376% in revenue increased in Q3FY23 to US$ 1770 million compared to US$ 372 million in Q3FY22. Some listings were recorded in the mainboard market as well as in the SME segment in November which kept investors busy with bookings and listings,” added Nanda.
Here is the full list of IPOs (both mainboard and SME) launching next week, which will be open for bookings –
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India Shelter Finance Corporation Limited IPO
India Shelter Finance IPO will open for subscription on December 13, 2023, and will close on December 15, 2023. It is a book-build. ₹1,200 billion.
India Shelter Finance IPO GMP
The India Shelter Finance IPO is a combination of a fresh issue of 1.62 crore equity shares ₹800 crore and offered for sale 0.81 crore shares including ₹400 billion.
The price band for the IPO is set at ₹469 to ₹493 baht per share. The minimum size for the application is 30 shares. The minimum amount of investment required by retail investors is ₹14,790.
DOMS Industries Limited IPO
The DOMS IPO will open for subscription on December 13, 2023, and will close on December 15, 2023. It is an issue created by the book of ₹1,200 billion.
DOMS IPO GMP
DOMS IPO is a combination of a fresh issue of 0.44 crore equity shares ₹350 crore and offered for sale of 1.08 crore shares including ₹850 billion.
The IPO price band is set at ₹750 to ₹790 baht/piece The minimum size for application is 18 shares. The minimum amount of investment required by retail investors is ₹14,220.
SJ Logistics (India) IPO Limited
SJ Logistics IPO will open for subscription on December 12, 2023, and will close on December 14, 2023. It is an issue created by the book of ₹48 crore and the total is fresh issue of 38.4 lakh shares.
SJ Logistics IPO GMP
The SJ Logistics IPO price band is set at ₹121 to ₹125 baht per share. The minimum size for the application is 1000 shares. The minimum amount of investment required by retail investors is ₹125,000.
Presstonic Engineering Limited IPO
Presstonic Engineering IPO opens for subscription on December 11, 2023, and closes on December 13, 2023. It is a fixed price issue of ₹23.30 crore and a total fresh issue of 32.37 lakh.
Presstonic Engineering IPO GMP
Presstonic Engineering’s IPO price is ₹72 per share. The minimum size for application is 1600 shares. The minimum amount of investment required by retail investors is ₹115,200.
Shree OFSM E-Mobility Limited IPO
Shree OSFM E-Mobility IPO will open for subscription on 14 December 2023 and will close on 18 December 2023. It is a fixed price issue of ₹24.60 crore and a total fresh issue of 37.84 lakh.
Shree OSFM E-Mobility IPO GMP
The IPO price is ₹65 per share. The minimum size for application is 2000 shares. The minimum amount of investment required by retail investors is ₹130,000.
Siyaram Recycling Industries IPO
Siyaram Recycling IPO will open for subscription on 14th December 2023 and will close on 18th December 2023. It is a book created by ₹22.96 crore and the total is a fresh issue of 49.92 lakh shares.
Siyaram Recycling IPO GMP
The Siyaram Recycling IPO price band is set at ₹43 to ₹46 per share. The minimum size for the application is 3000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Accent Microcell Limited IPO
The Accent Microcell IPO auction opened for subscription on December 8, 2023, and will close on December 12, 2023. It is an issue created by the book of ₹78.40 crore and a total fresh issue of 56 million shares.
Accent Microcell IPO GMP
The IPO price band is set at ₹133 to ₹140 baht per share. The minimum size for the application is 1000 shares. The minimum amount of investment required by retail investors is ₹140,000.
New List –
Graphisads Limited – The shares of Graphisads Limited will be listed on the NSE SME with a provisional listing date of Wednesday 13 December 2023.
Sheetal Universal Limited – Sheetal Universal IPO will be listed on NSE SME on December 11, 2023.
Accent Microcell Limited – The Accent Microcell IPO will be listed on the NSE SME with a tentative listing date of Friday, December 15, 2023.
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