December 2024 is set to witness the increased activity in the primary market. The IPO market is to see the launch of 1 mainboard IPO and 4 SME IPOs in December 2024.
Transrail Lighting IPO comprises a fresh issue of ₹400.00 crore and an offer for sale of 1.02 crore shares. Transrail Lighting IPO is set to open for subscription on December 19, 2024, and closes on December 23, 2024. The allotment for the Transrail Lighting IPO is expected to be finalised on Tuesday, December 24, 2024.
Mamata Machinery IPO is entirely an offer for sale of 0.74 crore shares aggregating to ₹179.39 crores. The issue will open for subscription on December 19, 2024 and closes on December 23, 2024. The allotment for the Mamata Machinery IPO is expected to be finalised on December 24, 2024.
Nisus Finance Services IPO will open for bidding on December 4 and closes on December 6. It is expected to be listed on the BSE SME index on December 11. The price band for the public issue is set at ₹170 to ₹180 per share. Nisus Finance is a financial services firm, that offers transaction advisory, fund and asset management, private equity, venture debt, and capital solutions to corporate clients. The company is offering a fresh issue of 56.46 lakh shares worth ₹101.62 crore, along with an offer-for-sale (OFS) component of 7.01 lakh shares worth ₹12.61 crore.
Emerald Tyre Manufacturers IPO opens for subscription on December 5 and closes on December 9. It is expected to be listed on the NSE SME index on December 12. The IPO is offering a fresh issue of 49.86 lakh shares worth ₹47.37 crore, along with an offer-for-sale (OFS) component of 1.99 lakh shares worth ₹1.89 crore. The company is engaged in the manufacturing and exports of vehicle tyres under the brand name Greckster to international markets, including the USA, UAE, Russia, and major European countries like Belgium, Germany, and Italy.
The Jungle Camps India IPO will open for subscription on December 10, 2024, and close on December 12, 2024. The allotment of shares is expected to be finalized on Friday, December 13, 2024. The IPO will be listed on the BSE SME, with a tentative listing date set for Tuesday, December 17, 2024. The price band for the IPO is ₹68 to ₹72 per share. This book-built issue aims to raise ₹29.42 crores through a fresh issue of 40.86 lakh shares.
The Purple United Sales IPO will open for subscription on December 11, 2024, and close on December 13, 2024. The allotment of shares is expected to be finalized on Monday, December 16, 2024. The IPO will be listed on the NSE SME, with a tentative listing date set for Wednesday, December 18, 2024. The price band for the IPO is ₹121 to ₹126 per share. This book-built issue aims to raise ₹32.81 crores through a fresh issue of 26.04 lakh shares.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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