Upcoming IPOs: From Muthoot Microfin to Electro Force —12 new companies to hit Dalal Street coming week. Check full list
₹4,600 crore, an increase from the ₹4,000 crore raised in the previous week. “A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiple in listed peers. Next week looks promising, more than half a dozen companies will hit the market with their IPOs.
IPO of Inox Limited, Muthoot Microfin, Motisons Jewellers, Suraj Estate, Happy Forgings, RBZ Jewellers, Credo Brands and Azad Engineering are slated to open next week. Markets are likely to witness a robust capital raise next year as well. There are more than 65 IPO documents filed with Sebi.
Of these, 25 have already received Sebi nod," said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Pvt. Ltd. In the forthcoming week, data indicates that the cumulative fundraising by 239 companies in the current calendar year, encompassing SMEs, is projected to be ₹57,720 crore.
This figure falls short of the ₹61,900 crore raised by 150 IPOs launched in the preceding year. Muthoot Microfin IPO will open for subscription on December 18, 2023 and will close on December 20, 2023. It is a book-built issue of ₹960 crores and a combination of fresh issue of 2.61 crore shares aggregating to ₹760 crores and offer for sale of 0.69 crore shares aggregating to ₹200 crores.
The price band is set at ₹277 to ₹291 per share. Suraj Estate Developers IPO to open for subscription on December 18, 2023 and will close on December 20, 2023. It is a book-built issue of ₹400.00 crores and is entirely a fresh issue of 1.11 crore shares.
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