December 2023 Brings Six High-Profile IPOs After Tata Technologies' Success in November

Following the impressive debut of Tata Technologies' massive initial public offering (IPO) in November, investors and subscribers are gearing up for a blockbuster IPO month in December 2023, featuring six new issues.

November witnessed the introduction of seven new IPOs, including standout performers like Tata Technologies and IREDA. As the market anticipates the December lineup, here's a glimpse of the six upcoming issues:

1. Allied Blenders and Distilleries: Renowned for its Indian-made foreign liquor brand, Officer's Choice whiskey, Allied Blenders and Distilleries is set to launch an IPO valued at ₹2000 crore. The offering includes a ₹1000 crore offer for sale (OFS) by promoters and ₹1000 crore in fresh issues.

2. Happy Forgings Limited: A leading player in engineering and forging, Happy Forgings Limited is gearing up for an IPO featuring ₹500 crore in fresh issues and a total issue size of ₹80.5 lakh.

3. Muthoot Microfin: A subsidiary of Muthoot Finance, Muthoot Microfin has received approval from SEBI to launch an IPO aiming to raise ₹1350 crore. The company is expected to initiate the IPO in December 2023.

4. DOMS Industries: One of India's top stationery product manufacturers, DOMS Industries, is confirmed to launch its IPO on December 13, with plans to raise ₹1,200 crore through the public offering.

5. India Shelter Finance: India Shelter Finance is eyeing an IPO to raise around ₹1800 crore, with ₹800 crore allocated for the OFS and ₹1,000 crore for a fresh equity issue.

6. Jana Small Finance Bank: Towards the end of December, Jana Small Finance Bank is anticipated to launch its IPO. The offering comprises a ₹575 crore fresh issue and an OFS involving over 40 lakh shares by existing shareholders.

Investors are poised for an action-packed month as these diverse and promising IPOs hit the market, offering opportunities across various sectors.