IPOs next week: Primary market to remain buzzing with 2 mainboard and 4 SME IPOs; check full list here
₹2,500 crore from the public offering. “After an active Nov, Dec month is also going to witness some new IPOs. It is expected that 15 new issues are lined up for the upcoming 2 months.
However, investors should remain cautious and invest in an IPO after considering its valuations and net proceeds usage," said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd. Initial public offerings (IPO) raised around ₹41,000cr so far this year. “ India has emerged as a global leader in the number of IPOs year to date in 2023.
Q3FY23 saw 21 IPOs as compared to just 4 in Q3FY22. A significant increase of 376% in the proceeds raised in Q3FY23 to US$1770mn compared to US$372mn in Q3FY22. Some bumper listings were recorded in the primary market in mainboard as well as SME segment in the month of November which kept investors busy with subscriptions and listings," Nanda added.
Here’s a full list of IPOs (both mainboard and SME) launching next week, which will be open for subscription — India Shelter Finance IPO will open for subscription on December 13, 2023 and will close on December 15, 2023. It is a book- built issue of ₹1,200 crores. India Shelter Finance IPO is a combination of fresh issue of 1.62 crore shares aggregating to ₹800 crores and offer for sale of 0.81 crore shares aggregating to ₹400 crores.
The price band for the IPO is set at ₹469 to ₹493 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹14,790.
DOMS IPO will open for subscription on December 13, 2023 and will close on December 15, 2023. It is a book-built issue of ₹1,200 crores. DOMS IPO is a combination of fresh issue of 0.44 crore shares aggregating to ₹350 crores
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