IPOs this week: 6 new public issues to hit Dalal Street, 10 stocks to debut

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2024 Market Strategy: What investors should stay away from next year? The robust investor enthusiasm has translated into impressive subscription rates during the bidding process. Consequently, these SME stocks have made market debuts with substantial premiums, surpassing their issue prices by a considerable margin. Building on this momentum, the last week of 2023 will witness another six SME companies raising funds, while stocks of 10 companies are scheduled to make their debut on the exchanges.

Also Read: Suraj Estate IPO: What GMP signals after announcement of listing date The initial public offering (IPO) of AIK Pipes and Polymers will open for subscription on December 26 (Tuesday) and remain open until Thursday (December 28). The company aims to raise ₹15 crore via the issuance of fresh equity shares. The price band for the offer is set at 89 per equity share with a face value of ₹10 each.

The quota for retail investors in the AIK Pipes and Polymers IPO has been fixed at 50% of the net offer. Retail investors can participate with a lot size of 01, equivalent to 1600 shares. Retail Investors have to make a minimum payment of ₹1,24,000 to participate in the IPO.

Also Read: Week Ahead: Domestic cues, F&O expiry, FII action among key market triggers in last week of 2023 The initial public offering (IPO) of Akanksha Power and Infrastructure will open for subscription on Wednesday (December 27), and it will remain open for subscription until Friday (December 29). The company aims to raise ₹27.49 crore. The issue is entirely a fresh issue of 49.98 lakh shares.

The price band of the IPO is set at ₹52–55 apiece. The minimum and maximum lot for retail investors have been set at 1, which consists of 2000 shares. Taking the IPO