Upcoming IPO this week India: It's raining IPOs once again on Dalal Street! As many as seven companies have lined up their mainboard IPOs for the trading week, from December 18 to December 22, with the rollout of primary market offerings by Motisons Jewellers, Muthoot Microfin and Suraj Estate Developers on the first day itself. Credo Brands Marketing, RBZ Jewellers, Happy Forgings, Azad Engineering and Innova Captab are scheduled to launch their IPOs between Tuesday and Thursday.

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In all, Dalal Street is set to see the launch of IPOs worth an estimated Rs 4,479.5 crore during the course of the busy week.

Here are key things to know about these IPOs:

IPOs opening on December 18

Motisons Jewellers IPO

Motisons Jewellers' IPO, worth an estimated Rs 151 crore, comprises fresh issuance of 2.75 crore shares. While Holani Consultants is the book running lead manager of the IPO, Link Intime India is the registrar.

  • IPO Date: December 18, 2023 to December 20, 2023
  • Face value: Rs 10 per share
  • Price band: Rs 52-55 per share
  • Lot size: 250 shares
  • Basis of allotment: Thursday, December 21, 2023
  • Listing date: Tuesday, December 26, 2023

What does Motisons Jewellers do?

Established in 1997, Motisons Jewellers sells gold, diamond and kundan jewellery, as well as other jewellery products.

Muthoot Microfin IPO

Muthoot Microfin's IPO, estimated to be worth Rs 960 crore, comprises fresh issuance of shares worth Rs 760 crore, and an offer for sale (OFS) amounting to Rs 200 crore by promoters and existing shareholders.

ICICI Securities, Axis Capital, JM Financial and SBI Capital Markets are the book running lead managers whereas Kfin Technologies Limited is the registrar for the issue.

  • IPO Date: December 18, 2023 to December 20, 2023
  • Face Value: Rs 10 per share
  • Price Band: Rs 77 to Rs 291 per share
  • Lot Size: 51 shares
  • Basis of Allotment: Thursday, December 21, 2023
  • Listing Date: Tuesday, December 26, 2023

What does Muthoot Microfin do?

Founded in 1992, Muthoot Microfin is a subsidiary of Muthoot Pappachan Group and provides micro-loans to female customers with a focus on rural regions across the country.

Suraj Estate Developers IPO

Suraj Estate Developers' IPO comprises fresh issuance of 1.11 crore crore, estimated to be worth Rs 400 crore.

Iti Capital and Anand Rathi Securities are the book running lead managers and Link Intime India is the registrar for the issue.

  • IPO Date: December 18, 2023 to December 20, 2023
  • Face Value: Rs 5 per share
  • Price Band: Rs 340 to Rs 360 per share
  • Lot Size: 41 shares
  • Allotment date: Thursday, December 21, 2023
  • Listing date: Tuesday, December 26, 2023

What does Suraj Estate Developers does?

Incorporated in 1986, Suraj Estate Developers is a real estate construction company that develops residential and commercial real estate in the South Central Mumbai region.

IPOs to open on December 19

Credo Brands Marketing IPO

The IPO of menswear brand Mufti Menswear's parent, Credo Brands Marketing, is entirely an offer for sale of 1.96 crore shares, amounting to Rs 549.8 crore.

Dam Capital Advisors, ICICI Securities and Keynote Financial Services are the book running lead managers whereas Link Intime India is the registrar for the issue.

  • IPO Date: December 19, 2023 to December 21, 2023
  • Face Value: Rs 2 per share
  • Price Band: Rs 266 to Rs 280 per share
  • Lot Size: 53 shares
  • Basis of Allotment: Friday, December 22, 2023
  • Listing Date: Wednesday, December 27, 2023

What does Credo Brands Marketing do?

Incorporated in 1999, Credo Brands Marketing offers casual clothing for men with its flagship brand Mufti.

RBZ Jewellers IPO

RBZ Jewellers' IPO comprises fresh issuance of one crore shares worth an estimated Rs 100 crore. Arihant Capital Markets is the book running lead manager of the RBZ Jewellers IPO whereas Bigshare Services is the registrar.

  • IPO Date: December 19, 2023 to December 21, 2023
  • Face Value: Rs 10 per share
  • Price Band: Rs 95 to Rs 100 per share
  • Lot Size: 150 shares
  • Basis of Allotment: Friday, December 22, 2023
  • Listing Date: Wednesday, December 27, 2023

What does RBZ Jewellers do?

Incorporated in April 2008, RBZ Jewellers is an Ahmedabad-based gold jewellery manufacturer specialising in the creation of antique designs.

Happy Forgings IPO

The issue comprises fresh issuance of shares worth Rs 400 crore and an offer for sale of 0.72 crore shares worth Rs 608.6 crore.

JM Financial, Axis Capital, Equirus Capital and Motilal Oswal Investment Advisors are the book running lead managers and Link Intime India is the registrar for the issue.

  • IPO Date: December 19, 2023 to December 21, 2023
  • Face Value: Rs 2 per share
  • Price Band: Rs 808 to Rs 850 per share
  • Lot Size: 17 shares
  • Basis of Allotment: Friday, December 22, 2023
  • Listing Date: Wednesday, December 27, 2023

What does Happy Forgings do?

Incorporated in 1979, Happy Forgings is an Indian manufacturer specialising in designing and manufacturing heavy forgings and high-precision machined components.

IPOs opening on December 20

Azad Engineering IPO

Azad Engineering's IPO is a combination of fresh isuance and an offer for sale amounting to Rs 740 crore.

Axis Capital, ICICI Securities, SBI Capital Markets and Anand Rathi Securities are the book running lead managers whereas Kfin Technologies is the registrar for the issue.

  • IPO Date: December 20, 2023 to December 22, 2023
  • Face Value: Rs 2 per share
  • Price Band: Rs 499 to Rs 524 per share
  • Lot Size: 28 shares
  • Basis of Allotment: Tuesday, December 26, 2023
  • Listing Date: Thursday, December 28, 2023

What does Azad Engineering IPO do?

Azad Engineering Ltd is a manufacturer of aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.

IPOs opening on December 21

Innova Captab IPO

Innova Captab's IPO, worth an estimated Rs 570 crore, comprises fresh issuance of shares worth Rs 320 crore and an offer for sale of 56 lakh shares. ICICI Securities and JM Financial are the book running lead managers of the Innova Captab IPO, and Kfin Technologies is the registrar for the issue.

  • IPO Date: December 21, 2023 to December 26, 2023
  • Face Value: Rs 10 per share
  • Price Band: Rs 426 to Rs 448 per share
  • Lot Size: 33 shares
  • Basis of Allotment: Wednesday, December 27, 2023
  • Listing Date: Friday, December 29, 2023

What does Innova Captab do?

Incorporated in 2005, Innova Captab is a pharmaceutical company operating in three business segments. It provides contract development and manufacturing services to Indian pharmaceutical companies. The company also has a domestic business dealing in branded generics. Furthermore, the company has an international business that deals in branded generics.

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