Upcoming IPOs: A Thriving Market as 2024 Approaches
As 2024 draws near, the excitement in the financial markets continues to build with a series of initial public offerings (IPOs) set to launch this week. Investors are keenly watching as six mainboard IPOs are scheduled to open for subscription, alongside several small and medium enterprise (SME) offerings. This article delves into the details of these upcoming IPOs, providing insights into the companies and their offerings.
Mainboard IPOs Opening This Week
On Thursday, December 19, investors will have the opportunity to subscribe to the IPOs of Mamata Machinery, Concord Enviro Systems, DAM Capital Advisors, Sanathan Textiles, and Transrail Lighting. The following day, Ventive Hospitality will also enter the primary market with its IPO.
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Mamata Machinery IPO
- Issue Size: ₹179.39 crore
- Type: Offer-for-sale (OFS) of 74 lakh shares
- Price Band: ₹230-₹243 per share
- Business Overview: Mamata Machinery specializes in manufacturing advanced machinery for bag and pouch production, including plastic bag machines and zip-lock pouch machines. The company aims to leverage its expertise in a growing packaging industry.
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Concord Enviro Systems IPO
- Issue Size: ₹500.33 crore
- Type: A combination of fresh issuance and OFS (0.25 crore equity shares worth ₹175 crore and an OFS of 46 lakh shares valued at ₹325.33 crore)
- Price Band: ₹665-₹701 per share
- Investment Requirement: Bidders must apply for a minimum of 21 shares, totaling ₹14,721.
- Business Overview: Concord Enviro focuses on providing sustainable environmental solutions, making it a key player in the growing green technology sector.
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DAM Capital Advisors IPO
- Issue Size: ₹840.25 crore
- Type: Exclusively an OFS of 2.97 crore shares
- Price Band: ₹269-₹283 per share
- Stakeholders: Promoter Dharmesh Anil Mehta and investors such as Multiples Alternate Asset Management and RBL Bank are among those divesting their stakes.
- Business Overview: As an investment bank, DAM Capital Advisors offers a range of financial services, positioning itself as a trusted advisor in the capital markets.
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Sanathan Textiles IPO
- Issue Size: ₹550 crore
- Type: Fresh issue of ₹400 crore and an OFS of ₹150 crore
- Price Band: ₹305-₹321 per share
- Business Overview: Sanathan Textiles is engaged in the manufacturing of polyester and cotton yarns, catering to the textile industry’s diverse needs.
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Transrail Lighting IPO
- Issue Size: ₹400 crore (fresh issue) and an OFS of 1.02 crore shares
- Price Band: Yet to be announced
- Business Overview: Transrail Lighting focuses on engineering and construction, particularly in power distribution and transmission, manufacturing essential components like conductors and monopoles.
- Ventive Hospitality IPO
- Issue Size: ₹1,600 crore (entirely a fresh issue)
- Price Band: Yet to be announced
- Business Overview: Ventive Hospitality specializes in developing and managing luxury hotels, tapping into the booming hospitality sector.
SME IPOs Launching This Week
In addition to the mainboard offerings, several SME IPOs are set to launch this week, including:
- NACDAC Infrastructure IPO: Opening on December 17
- Identical Brains Studios IPO: Opening on December 18
- Newmalayalam Steel IPO: Opening on December 19
These SME offerings provide investors with opportunities to engage with smaller, potentially high-growth companies, diversifying their investment portfolios.
Conclusion
The upcoming IPOs present a vibrant opportunity for investors looking to enter the market as 2024 approaches. With a mix of established companies and emerging players, the IPO landscape is rich with potential. Investors are encouraged to conduct thorough research and consider their investment strategies carefully. For more information on IPO listings, schedules, and upcoming offerings, visit our page.