"Capital Surge Ahead: 12 Companies, Including Muthoot Microfin and Electro Force, to Raise 4,600 Crore in Upcoming IPOs This Week"

In the upbeat atmosphere of Dalal Street, where benchmark indices, broader markets, and various sectors consistently achieve new milestones, the primary market is witnessing increased activity. This offers multiple investment opportunities as 12 companies are scheduled to launch their initial public offerings (IPOs) in the upcoming week, accompanied by eight planned new listings. The week starting December 18 is poised to be vibrant, with the introduction of 12 new IPOs set to collectively raise ₹4,600 crore, surpassing the ₹4,000 crore raised in the previous week. One significant factor driving the heightened interest in IPOs is a renewed focus on profitability and reasonable pricing, especially in comparison to higher valuation multiples observed in listed peers. The upcoming week is anticipated to be promising, with over half a dozen companies entering the market with their IPOs. Notable IPOs include Inox Limited, Muthoot Microfin, Motisons Jewellers, Suraj Estate, Happy Forgings, RBZ Jewellers, Credo Brands, and Azad Engineering. The overall trend suggests a robust capital raise in the coming year as well, with over 65 IPO documents filed with Sebi, and 25 already receiving Sebi approval. According to data, the cumulative fundraising by 239 companies in the current calendar year, including SMEs, is projected to reach ₹57,720 crore. Although slightly below the ₹61,900 crore raised by 150 IPOs in the preceding year, the figures indicate a healthy fundraising environment.

Here's a snapshot of some of the upcoming IPOs:

Muthoot Microfin Limited IPO: Subscription opens on December 18, 2023, and closes on December 20, 2023. The IPO comprises a book-built issue of ₹960 crores with a price band set at ₹277 to ₹291 per share.

Suraj Estate Developers IPO: Subscription opens on December 18, 2023, and closes on December 20, 2023. The book-built issue amounts to ₹400.00 crores, with an IPO price band of ₹340 to ₹360 per share.

Motisons Jewellers Limited IPO: Subscription opens on December 18, 2023, and closes on December 20, 2023. The book-built issue is ₹151.09 crores, and the IPO price band is set at ₹52 to ₹55 per share.

Happy Forgings Limited IPO: Subscription opens on December 19, 2023, and closes on December 21, 2023. The book-built issue, including a fresh issue of ₹400 crore and offer for sale, has a price band of ₹808 to ₹850 per share.

Credo Brands Marketing Limited IPO: Subscription opens on December 19, 2023, and closes on December 21, 2023. The book-built issue is ₹549.78 crores, and it is entirely an offer for sale with a price band of ₹266 to ₹280 per share.

RBZ Jewellers Limited IPO: Subscription opens on December 19, 2023, and closes on December 21, 2023. The book-built issue of ₹100.00 crores comprises an entirely fresh issue with a price band of ₹95 to ₹100 per share.

Azad Engineering Limited IPO: Subscription opens on December 20, 2023, and closes on December 22, 2023. The book-built issue of ₹740 crores includes a combination of fresh issue and offer for sale, with a price band of ₹499 to ₹524 per share.

Innova Captab Limited IPO: Subscription opens on December 21, 2023, and closes on December 26, 2023. The book-built issue of ₹570 crores comprises a fresh issue and offer for sale, with a price band of ₹426 to ₹448 per share.

Apart from the IPOs, new listings for the week include DOMS Industries, Indian Shelter Finance Corporation, Presstonic Engineering, S J Logistics (India), Shree OSFM E-Mobility, Siyaram Recycling Industries, Benchmark Computer Solutions, and Inox India Limited, with tentative listing dates specified.

The dynamic activity in both IPO launches and listings signals an optimistic outlook for Dalal Street in the coming days.