7 Initial Public Offerings (IPOs) To Open Next Week: 10 Things To Know

Next week will probably see an abundance of hustle in the primary market since eight initial public offerings (IPOs) will be opening. Next week will see the opening of the IPOs for Muthoot Microfin, Motisons Jewellers, Suraj Estate, Happy Forgings, RBZ Jewellers, Credo Brands, and Azad Engineering. Before the subscription windows open, let's review the top ten facts about each IPO.

Muthoot Microfin IPO

Muthoot Microfin IPO is going to open its subscription window on December 18, 2023. Here are the 10 things to know about the IPO.

1. Muthoot Microfin IPO Size: The company is going to raise Rs 960.00 crores. The issue consists of an offer for sale of 0.69 crore shares, valued at an aggregate of Rs 200.00 crores, and a fresh issuance of 2.61 crore shares, valued at Rs 760.00 crores.

2. Muthoot Microfin IPO Subscription Date: Subscriptions for the Muthoot Microfin IPO begin on December 18, 2023, and end on December 20, 2023.

3. Muthoot Microfin IPO Price Band: The price band for the Muthoot Microfin IPO is Rs 277 to Rs 291 per share.

4. Muthoot Microfin IPO Listing: The proposed date for the Muthoot Microfin Initial Public Offering (IPO) to list on the BSE and NSE is Tuesday, December 26, 2023.

5. Muthoot Microfin IPO Share Allotment: On Thursday, December 21, 2023, the allocation of shares for the Muthoot Microfin IPO is projected to be wrapped up.

6. Muthoot Microfin IPO Objective: The company plans to expand its capital base in order to meet future capital requirements using the net proceeds from the fresh issue, as per the DRHP.

7. Muthoot Microfin IPO Lot Size: Retail investors must deposit a minimum of Rs 14,841 given that the minimum lot size for an application is 51 shares.

8. Muthoot Microfin IPO Registrar: The book-running lead managers of the Muthoot Microfin IPO are ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited, and SBI Capital Markets Limited. The registrar of the offering is Kfin Technologies Limited.

9. Muthoot Microfin IPO GMP: According to InvestorGain.com, the latest GMP of Muthoot Microfin IPO was Rs 80, as of Dec 16th 2023 03:25 PM.

10. Muthoot Microfin IPO Reservation: The net issue is reserved based on 50% for QIB, 35% for retail investors and 15% NII quota.

RBZ Jewellers IPO

The subscription window for RBZ Jewellers is going to open on December 19, 2023. Here are the 10 things to know about the IPO before the bidding process starts.

RBZ Jewellers IPO Size: The RBZ Jewellers initial public offering (IPO) is a book-built offer valued at Rs 100.00 crores, consisting only of one crore fresh shares.

RBZ Jewellers IPO Subscription Date: The bidding will start on December 19, 2023 and closes on December 21, 2023.

RBZ Jewellers IPO Price Band: RBZ Jewellers IPO price band has been fixed at Rs 95 to Rs 100 per share.

RBZ Jewellers IPO Listing: The BSE and NSE will list RBZ Jewellers IPO, with a projected listing date of Wednesday, December 27, 2023.

RBZ Jewellers IPO Share Allotment: On Friday, December 22, 2023, the allocation of shares for the RBZ Jewellers IPO is anticipated to be finished up.

RBZ Jewellers IPO Objective: It is planned to support working capital needs and general corporate purposes with the net proceeds, as per the DRHP.

RBZ Jewellers IPO Lot Size: Retail investors must deposit a minimum of Rs 15,000 for the reason the minimum lot size for a bid is 150 shares.

RBZ Jewellers IPO Registrar: Bigshare Services Pvt Ltd is the registrar for the RBZ Jewellers IPO, while Arihant Capital Markets Ltd is the book running lead manager.

RBZ Jewellers IPO Latest GMP: According to InvestorGain.com, the GMP for RBZ Jewellers IPO has not been initiated yet.

RBZ Jewellers IPO Reservation: 50% of the net issue is reserved for QIB, 35% for retail investors and 15% for NIIs.

Azad Engineering IPO

The IPO for Azad Engineering, which is scheduled to begin on Wednesday, December 20, is covered in these ten facts.

Azad Engineering IPO Size: The public offering consists of a new issue of up to a maximum of Rs 2,400.00 million in equity shares as well as an offer for sell (OFS) of up to a maximum of Rs 5,000.00 million in equity shares. These selling shareholders are Rakesh Chopdar up to Rs 2,049.65 million, Piramal Structured Credit Opportunities Fund up to Rs 2,608.51 million, and DMI Finance Private Limited up to Rs 341.84 million.

Azad Engineering IPO Subscription Date: The opening date for the bid is - Wednesday, December 20, 2023, and the subscription will close on - Friday, December 22, 2023.

Azad Engineering IPO Price Band: Azad Engineering Limited equity shares have a price band of Rs 499 to Rs 524 per equity share, with a face value of Rs 2. Investors can make a bid for a minimum of 28 equity shares and multiples of 28 equity shares thereafter.

Azad Engineering IPO Listing: The proposed listing date for Azad Engineering's initial public offering (IPO) is Thursday, December 28, 2023, on the BSE and NSE.

Azad Engineering IPO Allotment: On Tuesday, December 26, 2023, the allocation of shares for the Azad Engineering IPO is anticipated to be completed.

Azad Engineering IPO Objective: The firm plans to use the net proceeds from the offer to finance its capital expenditures as well as the full or partial repayment of some of its debt and other corporate needs.

Azad Engineering IPO Lot Size: An application must have a minimum lot size of 28 shares. Retail investors are needed to invest a minimum of Rs 14,672.

Azad Engineering IPO Registrar: The issue's book running lead managers are Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, and Anand Rathi Advisors Limited, and its registrar is Kfin Technologies Limited.

Azad Engineering IPO GMP: According to InvestorGain.com, the latest GMP of Azad Engineering IPO was Rs 375, as of Dec 16th 2023 02:23 PM.

Azad Engineering IPO Reservation: 50% of the net issue is reserved for QIB, 35% for retail investors and 15% of the net issue for NII.

Happy Forgings IPO

These 10 facts pertain to Happy Forgings' initial public offering (IPO), which is set to take place on December 19, 2023.

Happy Forgings IPO Size: A fresh issuance of equity shares up to Rs. 4,000 million and an offer for sale (OFS) of up to 7,159,920 equity shares make up the public issue of equity shares.

Happy Forgings IPO Subscription Date: The company's initial public offering (IPO) will go live for subscription on Tuesday, December 19, 2023, and end on Thursday, December 21, 2023.

Happy Forgings IPO Price Band: The company has fixed the price band at Rs 808 to Rs 850 per equity share for its initial public offer.

Happy Forgings IPO Listing: The BSE and NSE will list Happy Forgings IPO, with a projected listing date of Wednesday, December 27, 2023.

Happy Forgings IPO Share Allotment: On Friday, December 22, 2023, the allocation of shares for the Happy Forgings IPO is anticipated to be finalised.

Happy Forgings IPO Objective: The company aims to use the net proceeds from the new issue for funding the purchase of equipment, plant and machinery, prepayment of all or a portion of certain outstanding borrowings and general corporate purposes as per the DRHP.

Happy Forgings IPO Lot Size: Retail investors must invest a minimum of Rs 14,450, since the minimum lot size for an application is 17 shares.

Happy Forgings IPO Registrar: The Happy Forgings IPO's book running lead managers are Jm Financial Limited, Axis Capital Limited, Equirus Capital Private Limited, and Motilal Oswal Investment Advisors Limited. The issue's registrar is Link Intime India Private Ltd.

Happy Forgings IPO GMP: According to InvestorGain.com, the latest GMP of Happy Forgings IPO was Rs 460, as of Dec 16th 2023 02:30 PM.

Happy Forgings IPO Reservation: The issue is being made through the book-building process; of this, not less than 15% will be available for allocation to non-institutional bidders, not less than 35% will be available for allocation to retail individual bidders, and not more than 50% will be available for allocation to qualified institutional buyers on a proportionate basis.

Credo Brands Marketing IPO

The initial public offering (IPO) of Credo Brands Marketing is scheduled to open on December 19, 2023, and here are ten facts related to it.

Credo Brands Marketing IPO Size: The Rs 549.78 crore Mufti Menswear IPO is a book-built offering. The issue is entirely an offer for sale of 1.96 crore shares.

Credo Brands Marketing IPO Subscription: The subscription period for Mufti Menswear IPO begins on December 19, 2023, and ends with December 21, 2023.

Credo Brands Marketing IPO Price Band: The price band for the Mufti Menswear IPO has been set at Rs 266 to Rs 280 per share.

Credo Brands Marketing IPO Listing: Mufti Menswear IPO is scheduled to go public on the BSE and NSE, with a projected listing date of Wednesday, December 27, 2023.

Credo Brands Marketing IPO Share Allotment: On Friday, December 22, 2023, the allocation of shares for the Mufti Menswear IPO is anticipated to be completed.

Credo Brands Marketing IPO Objective: Achieving the advantages of listing the equity shares on stock exchanges and executing the offer for the sale of up to 19,634,960 equity shares are the two goals of the offer.

Credo Brands Marketing IPO Lot Size: Retail investors must deposit a minimum of Rs 14,840 considering the minimum lot size for an application is 53 shares.

Credo Brands Marketing IPO Registrar: The book running lead managers of the Mufti Menswear IPO are Dam Capital Advisors Ltd (formerly Idfc Securities Ltd), ICICI Securities Limited, and Keynote Financial Services Ltd. The registrar of the initial public offering is Link Intime India Private Ltd.

Credo Brands Marketing IPO GMP: According to InvestorGain.com, the latest GMP of Credo Brands Marketing IPO was Rs 120, as of Dec 16th 2023 02:53 PM.

Credo Brands Marketing IPO Reservation: 15% of the net issue will be made available to Non-Institutional Bidders, not less than 35% will be made available to Retail Individual Bidders, and not more than 50% will be available for proportionate allocation to Qualified Institutional Buyers.

Suraj Estate Developers IPO

Ten things you should know about Suraj Estate Developers' planned initial public offering (IPO), which is set to take place on Monday, December 18, 2023.

Suraj Estate Developers IPO Size: With no Offer for Sale (OFS) component, the public issue of equity shares with a face value of Rs. 5 represents a completely new issue of equity shares valued at Rs. 4000 million.

Suraj Estate Developers IPO Subscription Date: The IPO for Suraj Estate Developers is scheduled to begin subscriptions on December 18, 2023, and end on December 20, 2023.

Suraj Estate Developers IPO Price Band: The company has fixed the price band at Rs 340 to Rs 360 per equity share for its maiden initial public offer.

Suraj Estate Developers IPO Listing: The proposed listing date for Suraj Estate Developers IPO is Tuesday, December 26, 2023, and it will take place on the BSE and NSE.

Suraj Estate Developers IPO Share Allotment: On Thursday, December 21, 2023, the allocation for the Suraj Estate Developers IPO is scheduled to be carried out.

Suraj Estate Developers IPO Objective: The firm plans to fund the acquisition of land, general corporate objectives, and the repayment or prepayment of the total amount of existing borrowings with the net proceeds from the issuance.

Suraj Estate Developers IPO Lot Size: Retail investors must deposit a minimum of Rs 14,760 considering the minimum lot size for an application is 41 Shares.

Suraj Estate Developers IPO GMP: According to InvestorGain.com, the latest GMP of Suraj Estate Developers IPO was Rs 66, as of Dec 16th 2023 02:53 PM.

Suraj Estate Developers IPO Reservation: The issue is being made through the book-building process; of this, not less than 15% will be available for allocation to non-institutional bidders, not less than 35% will be available for allocation to retail individual bidders, and not more than 50% will be available for allocation to qualified institutional buyers on a proportionate basis.

Suraj Estate Developers IPO Registrar: The registrar for the Suraj Estate Developers IPO is Link Intime India Private Ltd, while the book running lead managers are Iti Capital Ltd and Anand Rathi Securities Limited.

Motisons Jewellers IPO

The subscription window of Motisons Jewellers IPO will open on Monday, December 18, 2023. Here are the 10 things to know before making a bid.

Motisons Jewellers IPO Size: An IPO of Rs 151.09 crores for Motisons Jewellers is a book-built offering. This is a completely new 2.75 crore share offering.

Motisons Jewellers IPO Subscription Date: The subscription period for Motisons Jewellers IPO begins on December 18, 2023, and ends on December 20, 2023.

Motisons Jewellers IPO Price Band: The company has fixed the price band at Rs 52 to Rs 55 per equity share for its maiden initial public offer.

Motisons Jewellers IPO Listing: The organised listing date for Motisons Jewellers IPO is Tuesday, December 26, 2023. The company will go public on the BSE and NSE.

Motisons Jewellers IPO Allotment of Shares: On Thursday, December 21, 2023, the allocation of shares for the Motisons Jewellers IPO is scheduled to be concluded.

Motisons Jewellers IPO Objective: As per the DRHP, the company intends to use the net proceeds of the fresh issue to support working capital requirements, general business purposes, and the repayment of existing borrowings.

Motisons Jewellers IPO Lot Size: Since the minimum lot size for an application is 250 shares, individual investors must deposit a minimum of Rs 13,750.

Motisons Jewellers IPO GMP: According to InvestorGain.com, the latest GMP of Motisons Jewellers IPO was Rs 104, as of Dec 16th 2023 03.00 PM.

Motisons Jewellers IPO Reservation: 15% of the Net Issue has been set aside for NII, 35% for retail investors, and 50% for QIB.

Motisons Jewellers IPO Registrar: The Motisons Jewellers IPO's book running lead manager is Holani Consultants Private Limited, and the registrar is Link Intime India Private Ltd.