Dec 19, 2023
By: Sourabh Jain
Credit: Canva
Eight companies are looking to raise over ₹4,228 crore through initial public offering (IPO) this week. We look at the ongoing and upcoming IPOs this week.
Credit: Canva
The IPO of Jaipur-based Motisons Jewellers is currently underway and is one of the most-talked about IPO this week. It opened on December 18 and will close on December 20, as the company looks to raise ₹151.09 crore.
Credit: Motisons Jewellers
Muthoot Microfin, which offers micro-loans to female customers, especially in rural areas, is looking to raise up to ₹960 crore with its IPO. The IPO opened on December 18 and will go on till December 20.
Credit: Muthoot Microfin
Real estate construction company Suraj Estate Developers is looking to raise up to ₹400 crore with its IPO. The company’s IPO opened on December 18 and will close on December 20.
Credit: Suraj Estate Developers
Happy Forgings, which designs and manufactures heavy forgings and high-precision machined components intends to raise ₹1,008.59 crore, making it the biggest IPO in this list. The company’s IPO opened on December 19 and will close on December 21.
Credit: Happy Forgings
Credo Brands, which offers casual clothing for men under its Mufti line is looking to raise ₹549.78 crore with its IPO. The company’s IPO opened on December 19 and will close on December 21.
Credit: Credo Brands
RBZ Jewellers, the second jewellery maker in the list intends to raise ₹100 crore from its IPO. The company’s IPO opened on December 19 and will close on December 21.
Credit: RBZ Jewellers
Azad Engineering, which manufactures aerospace components and turbines is looking to raise up to ₹740 crore from its IPO. The company’s IPO opens on December 20 and will close on December 22.
Credit: Azad Engineering
The last company on the list is Innova Captab, a pharmaceutical company. The company’s IPO opens on December 21 and closes on December 26, as the company looks to raise up to ₹320 crore from the offering.
Credit: Innova Captab