The primary markets are currently witnessing a surge in companies making their debut on Dalal Street through initial public offerings (IPOs), driven by strong investor sentiment. The Indian stock market is in a bullish phase, with both the benchmark indices, Sensex and Nifty, reaching historic highs. This positive trend in the broader markets has contributed to increased optimism in the IPO market.
On December 19, a total of six mainboard IPOs are open for subscription, collectively aiming to raise a substantial ₹3,100 crore from the primary market. Additionally, three small and medium enterprise (SME) IPOs present investment opportunities. Here are key details about the ongoing IPOs:
1. **Suraj Estate Developers IPO:**
– Subscription Status: 78% on the first day.
– Issue Size: ₹400 crore.
– Price Band: ₹340 to ₹360 per share.
– Lot Size: 41 shares.
– Minimum Investment (Retail): ₹14,760.
– Closing Date: December 20.
2. **Muthoot Microfin IPO:**
– Subscription Status: 95% on the first day.
– Issue Size: ₹960 crore.
– Price Band: ₹277 to ₹291 per share.
– Fresh Issue: ₹760 crore, OFS: ₹200 crore.
– Closing Date: December 20.
3. **Motisons Jewellers IPO:**
– Subscription Status: 33.14 times subscribed on the first day.
– Issue Size: ₹151.09 crore.
– Price Band: ₹52 to ₹55 per share.
– Fresh Issue.
– Closing Date: December 20.
4. **Happy Forgings IPO:**
– Commenced on December 19, concluding on December 21.
– Aims to raise ₹1,008.59 crore.
– Price Band: ₹808 to ₹850 per share.
– Fresh Issue: ₹400 crore, OFS: 71.59 lakh equity shares.
5. **Credo Brands Marketing IPO:**
– Launching on December 19, closing on December 21.
– Aims to raise ₹549.78 crore.
– Offer for Sale (OFS): 1.96 crore equity shares.
– Price Band: ₹266 to ₹280 per share.
6. **RBZ Jewellers IPO:**
– Launching on December 19, closing on December 21.
– Issue Size: ₹100 crore.
– Price Band: ₹95 to ₹100 per share.
– Fresh Issue.
### SME IPOs Open for Subscription:
– **Sahara Maritime Limited IPO:**
– Opening Date: December 18, 2023.
– Closing Date: December 20, 2023.
– Price Band: ₹81.00 per share.
– SME Platform: BSE SME.
– **Electro Force (India) Limited IPO:**
– Opening Date: December 19, 2023.
– Closing Date: December 21, 2023.
– Price Band: ₹93.00 per share.
– SME Platform: NSE SME.
– **Shanti Spintex Limited IPO:**
– Opening Date: December 19, 2023.
– Closing Date: December 21, 2023.
– Price Band: ₹66.00 to ₹70.00 per share.
– SME Platform: BSE SME.
Investors should carefully assess the details provided for each IPO, including subscription status, price band, and relevant dates, to make informed investment decisions. The current market scenario suggests a robust IPO environment with significant investor interest.
