Get ready for a busy IPO week – These 9 IPOs are open for subscription between 18th to 22nd December 2023

This post was most recently updated on December 20th, 2023

The last week of December is set to witness a flurry of activity in the Indian stock market, as 9 companies are launching their initial public offerings (IPOs) to raise a combined ₹5,400 crore. These IPOs span across various sectors, such as engineering, microfinance, jewelry, real estate, and forging. The investors will have a wide range of options to choose from, depending on their risk appetite and return expectations.

Here is a brief overview of the upcoming IPOs and their key details.

List of IPOs Open for subscription between 18th to 22nd December

Above details is last updated on December 18, 2023.

Inox CVA IPO

The Inox CVA Initial Public Offering (IPO) is an exciting opportunity for investors, comprising a book-built issue valued at ₹1,459.32 crores. This IPO is unique as it is solely an offer for sale, encompassing 2.21 crore shares.

For those eager to participate, the Inox CVA IPO subscription window opens on December 14, 2023, and remains available until December 18, 2023. Investors can anticipate the allotment results on December 19, 2023, with a view to the shares being listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 21, 2023.

The pricing for the Inox CVA IPO is attractively set within a range of ₹627 to ₹660 per share. Retail investors can start with a minimum investment of ₹14,520, equivalent to 22 shares, which is the smallest lot size available. For substantial non-institutional investors (sNII), the minimum investment is 14 lots or 308 shares, amounting to ₹203,280. For big non-institutional investors (bNII), it’s 69 lots or 1,518 shares, totaling ₹1,001,880.

Consider reading: Inox India CVA IPO Date, GMP, Lot Size Details and Review

Inox CVA IPO Details

Inox CVA IPO Key Dates

Suraj Estate Developers IPO

The Suraj Estate Developers Initial Public Offering (IPO) is set to launch as a notable book-built issue, with a total value of ₹400.00 crores. This offering is unique as it comprises exclusively a fresh issue of 1.11 crore shares.

Investors looking to participate in the Suraj Estate Developers IPO can mark their calendars for the subscription period, which begins on December 18, 2023, and concludes on December 20, 2023. The allotment of shares is anticipated to be finalized by December 21, 2023. Post allotment, the shares are slated for listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a provisional listing date set for December 26, 2023.

Consider reading: Suraj Estate Developers IPO Dates, Price Band, GMP, Lot Size Details And Review

The price band for the Suraj Estate Developers IPO has been established at ₹340 to ₹360 per share. For those interested in applying, the minimum lot size is defined as 41 shares, translating to a minimum investment requirement of ₹14,760 for retail investors. Significant non-institutional investors (sNII) have a minimum lot size of 14 lots (574 shares), amounting to ₹206,640, while big non-institutional investors (bNII) can invest in a minimum of 68 lots (2,788 shares), totaling ₹1,003,680.

Suraj Estate Developers IPO Details

Suraj Estate Developers IPO Dates

Motisons Jewellers IPO

The upcoming Motisons Jewellers Initial Public Offering (IPO) represents a significant investment opportunity with a book-built issue of ₹151.09 crores. Notably, this IPO comprises solely a fresh issue of 2.75 crore shares, making it a unique offering in the market.

For investors keen on this opportunity, the subscription period for the Motisons Jewellers IPO is scheduled to open on December 18, 2023, and will close on December 20, 2023. The allotment process is expected to be completed by December 21, 2023. Following the allotment, the shares are set to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date of December 26, 2023.

The price band for the Motisons Jewellers IPO is attractively set at ₹52 to ₹55 per share. The IPO is accessible to a wide range of investors, with a minimum lot size of 250 shares, translating to an investment of ₹13,750 for retail investors. For substantial non-institutional investors (sNII), the minimum investment is 15 lots (3,750 shares), amounting to ₹206,250, while big non-institutional investors (bNII) can participate with a minimum of 73 lots (18,250 shares), totaling ₹1,003,750.

Motisons Jewellers IPO Details

Motisons Jewellers IPO Dates

Muthoot Microfin IPO

The upcoming Muthoot Microfin Initial Public Offering (IPO) presents an intriguing investment opportunity with a total issue size of ₹960.00 crores. This IPO uniquely combines a fresh issue and an offer for sale. It includes a new issue of 2.61 crore shares, accumulating ₹760.00 crores, and an offer for sale of 0.69 crore shares totaling ₹200.00 crores.

For interested investors, the subscription window for the Muthoot Microfin IPO opens on December 18, 2023, and will conclude on December 20, 2023. The process of allotment is set to be finalized by December 21, 2023. Following this, the IPO is expected to make its debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 26, 2023.

Investors will find the IPO priced within a range of ₹277 to ₹291 per share. The minimum lot size is set at 51 shares, translating to a minimum investment of ₹14,841 for retail investors. For substantial non-institutional investors (sNII), the minimum investment stands at 14 lots (714 shares) for ₹207,774, while big non-institutional investors (bNII) can invest in a minimum of 68 lots (3,468 shares), amounting to ₹1,009,188.

Consider reading: Muthoot Microfin IPO Dates, GMP, Lot Size and Review

Muthoot Microfin IPO Details

Muthoot Microfin IPO Dates

RBZ Jewellers IPO

The RBZ Jewellers Initial Public Offering (IPO) is set to be a noteworthy event in the financial market with a book-built issue totaling ₹100.00 crores. This IPO is exclusively composed of a fresh issue of 1 crore shares, offering a unique investment opportunity.

For those interested in participating, the RBZ Jewellers IPO will be open for subscription starting from December 19, 2023, and will close on December 21, 2023. The allotment of shares is scheduled to be finalized by December 22, 2023. Post the allotment process, the shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with the tentative listing date set for December 27, 2023.

The pricing for the RBZ Jewellers IPO is set in a range of ₹95 to ₹100 per share. For retail investors looking to apply, the minimum lot size is 150 shares, translating to a minimum investment of ₹15,000. Substantial non-institutional investors (sNII) have a minimum lot size requirement of 14 lots (2,100 shares), which amounts to ₹210,000, while big non-institutional investors (bNII) are required to invest in a minimum of 67 lots (10,050 shares), totaling ₹1,005,000.

RBZ Jewellers IPO Details

RBZ Jewellers IPO Dates

Happy Forgings IPO

The upcoming Happy Forgings Initial Public Offering (IPO) is a significant event in the financial calendar, being a book-built issue that includes a fresh issue of ₹400.00 crore and an offer for sale of 0.72 crore shares. This combination provides a diverse opportunity for investors.

Consider reading: Happy Forgings IPO Date, Price, GMP, Lot Size Details, Review

The subscription period for the Happy Forgings IPO is set to begin on December 19, 2023, and will conclude on December 21, 2023. Investors can expect the allotment process to be completed by December 22, 2023. Following this, the shares are poised for listing on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a projected listing date of December 27, 2023.

The price range for the Happy Forgings IPO is established at ₹808 to ₹850 per share. For retail investors, the minimum application size is 17 shares, which equates to an investment of ₹14,450. For substantial non-institutional investors (sNII), the minimum investment is 14 lots, totaling 238 shares or ₹202,300. Big non-institutional investors (bNII) are required to invest in at least 70 lots, which equals 1,190 shares, amounting to ₹1,011,500.

Happy Forgings IPO Details

Happy Forgings IPO Dates

Mufti Menswear IPO

he Mufti Menswear Initial Public Offering (IPO) presents an attractive investment opportunity with a book-built issue valued at ₹549.78 crores. This IPO is unique as it comprises solely an offer for sale of 1.96 crore shares.

The subscription window for the Mufti Menswear IPO is scheduled from December 19, 2023, to December 21, 2023. Investors can expect the share allotment to be finalized by December 22, 2023. Post-allotment, the shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on December 27, 2023.

The price range for the Mufti Menswear IPO is set between ₹266 to ₹280 per share. The minimum application lot size is 53 shares, corresponding to an investment of ₹14,840 for retail investors. For substantial non-institutional investors (sNII), the minimum lot size is 14 lots, equating to 742 shares or ₹207,760. Big non-institutional investors (bNII) are required to invest in a minimum of 68 lots, totaling 3,604 shares, amounting to ₹1,009,120.

Mufti Menswear IPO Details

Mufti Menswear IPO Dates

Azad Engineering IPO

The Azad Engineering Initial Public Offering (IPO) is a notable event in the financial market, with a book-built issue valued at ₹740.00 crores. This IPO is distinctively structured, comprising a fresh issue of ₹240.00 crores and an offer for sale of ₹500.00 crores.

Consider reading: Azad Engineering IPO Date, Price Band, GMP, Lot Size Review, And Details

Interested investors can mark their calendars for the Azad Engineering IPO subscription period, which is scheduled to open on December 20, 2023, and will close on December 22, 2023. The allotment of shares is expected to be completed by December 26, 2023. Subsequently, the shares are set to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with the tentative listing date being December 28, 2023.

The price range for the Azad Engineering IPO has been set between ₹499 to ₹524 per share. Retail investors looking to participate will find the minimum lot size to be 28 shares, which translates to a minimum investment of ₹14,672. For substantial non-institutional investors (sNII), the minimum investment is 14 lots, equating to 392 shares or ₹205,408. Big non-institutional investors (bNII) are required to invest in a minimum of 69 lots, totaling 1,932 shares, which amounts to ₹1,012,368.

Azad Engineering IPO Details

Azad Engineering IPO Dates

Innova Captab IPO

The Innova Captab Initial Public Offering (IPO) marks a significant event in the financial sector, with a book-built issue totaling ₹570.00 crores. This IPO is uniquely composed of a fresh issue amounting to ₹320.00 crore, supplemented by an offer for sale of 0.56 crore shares.

For those interested in investing, the Innova Captab IPO subscription period is scheduled to commence on December 21, 2023, and will remain open until December 26, 2023. The allotment of shares is anticipated to be finalized by December 27, 2023. Following this, the shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with a tentative listing date set for December 29, 2023.

The price band for the Innova Captab IPO has been established at ₹426 to ₹448 per share. Retail investors can participate with a minimum lot size of 33 shares, which corresponds to an investment of ₹14,784. For substantial non-institutional investors (sNII), the minimum lot size is set at 14 lots (462 shares), amounting to ₹206,976. Big non-institutional investors (bNII) are required to invest in at least 68 lots, which equals 2,244 shares, totaling ₹1,005,312.

Innova Captab IPO Details

Innova Captab IPO Dates

Final Thoughts on IPO Next Week

The Indian IPO market is witnessing a historic boom, as 12 companies are set to debut on the bourses in the last week of December. These IPOs offer a diverse range of investment opportunities for the public, who can benefit from the growth potential of these companies. However, investors should also be aware of the risks and challenges involved in investing in IPOs, such as volatility, valuation, and liquidity.

Therefore, they should do their own research and analysis before applying for any IPO. The IPO market is expected to remain active in the next year as well, as many more companies are preparing to go public. Thus, the IPO market is a reflection of the vibrant and dynamic Indian economy, which is poised for further expansion and innovation.