IPO Week: This year, IPOs of various companies have created a stir in the stock market. Riding on the good figures of these IPOs and economic progress, the Sensex of Bombay Stock Exchange (BSE) has crossed the mark of 71 thousand and the Nifty of NSE has crossed the mark of 21 thousand. Next week 11 companies are going to enter the stock market. Of these, there are 7 manboard companies. The size of their IPO will be Rs 3910 crore. Apart from this, four SMEs will also bring IPO worth Rs 135 crore in the market. Let's take a look at these companies Let's put it on IPO.
SEBI has about 65 IPO proposals
Experts have predicted that all these IPOs may get good response from the market. The process of raising money through IPO will continue next year also. About 65 IPO proposals have come to SEBI. Of these, 25 have also received approval from market regulator SEBI. Due to the profits being made in IPOs and the reasonable prices being kept by the companies, there is good enthusiasm among the investors about them.
Mainboard's 7 and 4 SMEs will knock
In Manaboard IPO, Muthoot Microfin, Motisons Jewellers, Suraj Estate Jewellers, Happy Forgings, RBZ Jewellers, Credo Brands and Azad Engineering will launch their IPO next week. On the other hand, in the SME segment, Sahara Maritime, Electro Force, Shanti Spintex and Trident Techlabs will enter the market. Are.
Motisons Jewelers makes waves in the gray market
Muthoot Microfin's IPO will be open from 18 to 20 December. The company's IPO will be worth Rs 960 crore. The company has fixed the price band of Rs 277 to Rs 291 for the issue. In the last six months, the company's revenue has increased by 72 percent and profit has increased to Rs 205 crore. The next name is Suraj Estate Developers. Their IPO of Rs 400 crore will open between 18th and 20th December. The company has earned a profit of Rs 32.06 crore in the last financial year. Motisons Jewelers will also launch its IPO on the same date. There is maximum enthusiasm in the gray market regarding this IPO. Its issue price is Rs 55. However, its premium is running at Rs 100 in the gray market.
All companies are profitable All companies
Happy Forgings' IPO will open on December 19. Through this the company wants to raise Rs 1009 crore from the market. The company has earned a profit of Rs 116 crore in the first half. RBZ Jewelers' Rs 100 crore IPO will also be open from December 19 to 21. Credo Brands is launching its IPO for the first time. This IPO of Rs 550 crore will also open on December 19 only. In the last financial year, the company has earned a profit of Rs 8.5 crore. Azad Engineering's IPO will come on 20th December. This company is also running in profit.
These SMEs will also be monitored
Sahara Maritime's Rs 7 crore IPO will hit the market on December 18. Electro and Shanti are going to launch their IPO on 19th December. Trident's IPO is going to come on 21st December. There is curiosity in the market about all these SME IPOs.
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