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Upcoming IPOs: List Of Companies To Hit Primary Market In December - Details
In a flurry of activity in India's initial public offerings market, several companies have announced their public offerings, with a focus on both mainstream and SME segments. DOMS Industries and India Shelter Finance are set to open their initial public offerings (IPOs) for subscription between December 13 and December 15.
Upcoming IPOs (Image Source: iStockphoto, TN Digital)
In a flurry of activity in India's initial public offerings market, several companies have announced their public offerings, with a focus on both mainstream and SME segments.
DOMS Industries and India Shelter Finance are set to open their initial public offerings (IPOs) for subscription between December 13 and December 15.
DOMS Industries IPO
DOMS Industries, renowned for its wide range of stationery and art products under the 'Doms' brand, is offering a mix of fresh equity and an offer for sale (OFS), totaling Rs 1,200 crore. The price range for the IPO is set at Rs 750 to Rs 790 per share.
The company plans to use the funds from the fresh issue for expanding its manufacturing capabilities and for general corporate purposes. The buzz in the grey market is evident, with the grey market premium (GMP) reaching Rs 480.
India Shelter Finance IPO
Meanwhile, India Shelter Finance, an affordable housing finance company catering to urban households, is also opening its IPO. The IPO price band is set at Rs 469 to Rs 493 per share. The company, which boasts a robust distribution network and a strong focus on technology, offers home loans up to Rs 50 lakhs.
SME sector
In the SME sector, there's a surge of upcoming IPOs. Presstonic Engineering, SJ Logistics, Shree OSFM E-Mobility, and Siyaram Recycling Industries are all set to launch their public issues. Presstonic Engineering's Rs 23 crore IPO, entirely comprising fresh equity, will open on December 11. SJ Logistics is launching its Rs 48-crore issue, including a fresh issue of equity, on December 12.
Shree OSFM E-Mobility has set a price band of Rs 65 for its Rs 24-crore IPO, opening on December 14. Siyaram Recycling Industries is offering its shares in the price range of Rs 43-46, aiming to raise Rs 23 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
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