The month of December is about to start. After the beginning of the month, there is going to be a flood of IPOs in the country’s stock market. Some experts say that the month of December could be the busiest December in the history of the primary market. IPOs of 3 mainboard and 8 SME companies are going to come in the first week of this month. Apart from this, listing of 6 companies is also going to happen this week. This means that the stock market is fully ready to celebrate the IPO along with the excellent GDP growth figures. Let us also tell you which companies’ IPOs are coming next week.
Meesho IPO
Meesho, backed by global investors, will be the biggest IPO in the primary market next week. The company is going to raise Rs 5,421.2 crore through new shares and OFS. Where existing shareholders will sell a part of their stake. Its price band has been fixed between Rs 105-111 per share. Following the share allotment process to be held on December 8, Meesho shares are expected to be listed on the stock exchanges on December 10.
aqus ipo
Equus will also open its IPO on December 3. The company is planning to raise Rs 921.81 crore through new issue and OFS. The price band for Equus has been set between Rs 118-124 per share, and the minimum application size for retail investors is 120 shares. The company is expected to finalize the allotment on December 8, and its market entry is scheduled for December 10.
Vidya Wires
Vidya Wires, engaged in manufacturing of winding and conductivity products, will also open its IPO of Rs 300 crore on December 3. It has set a price range of Rs 48-52 per share, the allotment of which is likely to happen on December 8 and the listing on December 10. Like other issues, Vidya Wires is also raising funds through a mix of new shares and OFS.
8 IPOs of SME companies
On the other hand, the SME segment will remain even more active. This week eight SME companies are going to open their public issues. These include companies from various sectors like food processing, diagnostics, adhesives, safety services, tourism, chemical solutions and consumer products. Many issues will come in the market from Monday, December 1. Astron Multigrain, Invicta Diagnostics, Speb Adhesives, Clear Secured Services and Revelcare will start accepting bids at the beginning of the week. Helloji Holidays and Neochem Bio Solutions will open their issues on Tuesday, December 2, followed by Luxury Time’s issue on December 4. These companies are raising funds for business expansion, capital and other general purposes.
These companies will be listed
Along with the new IPO, many new companies are also going to debut in the stock market in the coming week. The listing of SSMD Agrotech India will take place on 2 December. Mother Nutri Foods and KK Silk Mills will be listed on December 3. While Exato Technologies, Logical Solutions and Purple Wave Infocom will be listed on December 5. All these companies will be listed on BSE SME Exchange.
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