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Upcoming IPOs in December 2023: Investors, get ready for a bustling week as 11 companies gear up to launch their initial public offerings (IPOs) starting Monday, December 18. This diverse lineup includes 7 mainboard IPOs and 4 SME issues, promising a flurry of investment opportunities. Let’s take a closer look at the upcoming IPOs in December 2023 and what each company has to offer..
Upcoming IPOs in December 2023
Muthoot Microfin IPO
Opening for subscription on December 18 and closing on December 20, Muthoot Microfin aims to raise Rs 960 crore through its public offer. The price band is set at Rs 277-291 per equity share. The company has already secured Rs 285 crore from anchor investors, adding to the anticipation surrounding this financial inclusion player.
Motisons Jewellers IPO
Jaipur-based Motisons Jewellers is making waves in the market with a substantial grey market premium of Rs 100 over its issue price of Rs 55. Subscriptions for this glittering IPO open on December 18 and close on December 20.
Suraj Estate Developers IPO
Mumbai-based Suraj Estate Developers enters the IPO scene with a price band of Rs 340-360. The entire Rs 400 crore IPO is a fresh issue, with no offer for sale segment. Investors can subscribe from December 18 to December 20.
Happy Forgings IPO
Happy Forgings plans to raise Rs 1,009 crore through its IPO, which opens on December 19 and closes on December 21. With a price band of Rs 808-850, this offering includes a fresh equity issue of Rs 400 crore and an offer for sale (OFS) of 71.59 lakh shares.
RBZ Jewellers IPO
Ahmedabad-based RBZ Jewellers looks to raise Rs 100 crore through a fresh issue of 1 crore shares. Priced between Rs 95-100, this IPO opens on December 19 and concludes on December 21.
Credo Brands IPO
Mufti jeans maker, Credo Brands, steps into the IPO arena on December 19, aiming to raise Rs 550 crore with a price band of Rs 266-280. The subscription window spans from December 19 to December 21.
Azad Engineering IPO
Azad Engineering’s IPO opens on December 20 and closes on December 22, featuring a price band of Rs 499-524. Comprising a fresh equity of Rs 240 crore and an offer for sale (OFS) of Rs 500 crore, this IPO is poised to attract investor attention.
SME IPOs: Unlocking Growth Potential
Apart from the mainboard IPOs, the SME segment is set to witness public offers from Sahara Maritime, Electro Force, Shanti Spintex, and Trident Techlabs. These smaller enterprises aim to collectively mobilize Rs 135 crore, presenting unique investment avenues.
As the IPO calendar for December 2023 unfolds, investors have an array of opportunities to explore. Whether you’re eyeing the financial inclusion sector, glittering jewels, real estate ventures, or innovative engineering solutions, these IPOs offer a diverse investment landscape. Stay tuned for the subscription openings, and consider these offerings to diversify your investment portfolio in the dynamic world of IPOs.
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