Upcoming IPOs: Next week, IPOs for companies such as Muthoot Microfin, Suraj Estate, RBZ Jewelers, Azad Engineering, and Happy Forgings are set to open. These companies collectively aim to raise more than 3,900 crores.
December is witnessing a series of consecutive IPOs. In the upcoming week, from December 18 to December 22, several new IPOs are scheduled to open, amounting to a cumulative size of 3,900 crores. Notable among these IPOs are Muthoot Microfin and Azad Engineering.
Muthoot Microfin The IPO for Muthoot Microfin is set to open between December 18 and December 20. The price band for this IPO is fixed at Rs. 277 to Rs. 291 per share. The issue size is 960 crores, with 760 crores offered for sale and the remaining 200 crores as an offer for sale (OFS). Promoters Thomas John Muthoot, George Muthoot, Preeti John Muthoot, Remy Thomas, and investor Greater Pacific Capital will sell shares in this OFS.
Suraj Estate The IPO for Suraj Estate is scheduled to open from December 18 to December 20, 2023. This public issue has a size of 400 crores, with a price band ranging from Rs. 340 to Rs. 360 per share. A lot in this IPO consists of 41 shares, requiring investors to invest a minimum of Rs. 14,760 to participate.
RBZ Jewelers RBZ Jewelers’ IPO is open for retail investors from December 19 to December 21. The price band for this IPO is set at Rs. 95 to Rs. 100 per share. This IPO is a fresh issue, and the anchor book will open for anchor investors on December 18.
Azad Engineering Azad Engineering’s IPO is set to open on Wednesday, December 20, and will remain open until December 22. The price band for this IPO is fixed at Rs. 499 to Rs. 524 per share. This IPO includes a fresh issue of 240 crores and an offer for sale (OFS) of 500 crores.
Happy Forgings Happy Forgings’ IPO will open on December 19, and the bidding period will conclude on December 21. The price band for this IPO is set between Rs. 606 and Rs. 850 per share. The anchor book for this IPO will open on December 18. The IPO comprises a fresh issue of 400 crores and an offer for sale (OFS) of Rs. 608.59 crores. Promoters’ existing shareholders will sell shares under the OFS.
