Exciting Week Ahead as Four IPOs, Led by Jyoti CNC Automation, Grace Dalal Street

As Dalal Street gears up for the second week of 2024, investors can expect a surge in activity with the launch of four promising initial public offerings (IPOs). Jyoti CNC Automation takes center stage, poised to be the standout with the largest IPO of the week.

Details of the Upcoming IPOs:

1. Jyoti CNC Automation IPO:

   • Launch Dates: January 9 to 11, 2024.
   • Fundraising Target: ₹1000 crore.
   • Price Band: ₹315-331 per share.
   • Current GMP: ₹77.
   • Type: Entirely fresh issue.

2. IBL Finance IPO:

   • Launch Dates: January 9 to 11, 2024.
   • Fundraising Target: ₹33.4 crore.
   • Share Price: ₹51.
   • Listing Date: January 16.
   • Type: Entirely fresh issue.

3. New Swan Multitech IPO:

   • Launch Dates: January 11 to 15, 2024.
   • Fundraising Target: ₹33.11 crore.
   • Price Band: ₹62-66 per share.
   • Current GMP: ₹35.
   • Type: Entirely fresh issue.

4. Australian Premium Solar IPO:

   • Launch Dates: January 11 to 15, 2024.
   • Fundraising Target: ₹28 crore.
   • Price Range: ₹51-54 per share.
   • Current GMP: ₹10.
   • Type: Entirely fresh issue.

Additionally, Kaushalya Logistics is set to debut on the NSE Emerge on January 8, Monday, following a successful IPO. Priced at ₹75, the current GMP suggests an impressive 60 percent premium, listing at ₹120. The IPO aimed to raise ₹36.6 crore and witnessed an overwhelming subscription of 364.18 times.

The combined funds raised from these IPOs are anticipated to exceed ₹1100 crore, injecting fresh momentum into the market. Investors are keenly observing these opportunities, especially Jyoti CNC Automation, touted as a potential multibagger. As Dalal Street embraces these new entrants, stability is anticipated to return to the market after the initial volatility in the first week of the year.