4 IPOs, including six new listings, coming up this week: Details here

The year 2024 has been a very strong one for IPOs in general, with a total of 335 companies having launched their public issues, raising ₹1.72 lakh crore

Published on: Dec 30, 2024, 09:45:22 IST

By HT News Desk

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This week will see four initial public offerings (IPOs) along with six other companies being listed on the bourses.

IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.

The year 2024 has been a very strong one for IPOs in general, with a total of 335 companies having launched their public issues, which includes 93 mainboard ones, raising nearly ₹1.72 lakh crore, the highest ever in a year, according to a Moneycontrol report.

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List of upcoming IPOs for the week

1) Indo Farm Equipment

This is the only mainboard IPO coming this week. It will open on December 31 and close on January 2, with plans to raise ₹260 crore through a fresh issue of ₹185 crore and an offer-for-sale (OFS) of around ₹75 crore worth of shares, at a price band of ₹204-215 per share.

2) Technichem Organics

This is the first among the three small and medium enterprise (SME) IPOs coming up this week. It is a ₹25.25-crore issue which will open on December 31 with a price band of ₹52-55 per share.

3) Leo Dry Fruits and Spices Trading

This is a ₹25.1 crore issue which will open on January 1 and close on January 3 at The price band of ₹51-52 per share.

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4) Fabtech Technologies Cleanrooms

This company which makes pre-engineered and pre-fabricated modular panels will have its IPO open for bidding on January 3, closing it on January 7. The price band for the 32.64 lakh shares IPO is however, yet to be announced.

IPOs closing this week

Anya Polytech & Fertilizers will close its ₹45 crore IPO on December 30, which has so far, been subscribed 26.22 times, while Citichem India's ₹12.6 crore IPO will be closing on December 31, so far being booked 25.89 times.

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New listings this week

A total of six companies are scheduled to list this week including three Ventive Hospitality, Senores Pharmaceuticals, and Carraro India from the mainboard segment on December 30, and Unimech Aerospace and Manufacturing on December 31.

Meanwhile, Anya Polytech & Fertilizers will be debuting on the NSE Emerge on January 2, and Citichem India on the BSE SME on January 3.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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