3 IPO Launches Today: Muthoot Microfin, Motisons Jewellers, Suraj Estate
This week, Dalal Street is bustling with activity as it welcomes a series of new Initial Public Offerings (IPOs), making it an exciting time for investors. Among the 12 companies launching their IPO, three noteworthy ones are opening today, December 18, 2023.
1. Muthoot Microfin IPO
First, we have Muthoot Microfin Limited, aiming to raise ₹960 crores through its IPO. This offering includes both fresh shares and an offer for sale, with a price band between ₹277 to ₹291 per share. Muthoot Microfin is well-known in the microfinance sector and its IPO is attracting considerable attention.
2. Motisons Jewellers IPO
Next, we have Motisons Jewellers Limited, with an IPO designed to raise ₹151.09 crores. This too is a fresh issue of shares, with a price band of ₹52 to ₹55 per share. As a prominent name in the jewellery industry, Motisons Jewellers’ IPO is expected to draw the attention of investors interested in luxury goods and retail.
3. Suraj Estate Developers IPO
Thirdly, Suraj Estate Developers, entering the market with an IPO to raise ₹400 crores. This IPO is entirely composed of fresh shares and the price band is set at ₹340 to ₹360 per share.
Suraj Estate is a significant player in the real estate sector, making this IPO particularly interesting for investors focusing on property and development.
Happy IPOs Week
Beyond these, the week is filled with other IPOs including Happy Forgings, RBZ Jewellers, and Credo Brands, each bringing unique opportunities to the market. Companies like Azad Engineering and Electro Force India are also set to launch their IPOs, diversifying the investment landscape.
This surge of IPOs indicates a robust investment environment on Dalal Street, offering a wide array of choices for those looking to invest in fresh market entrants.
This is indeed an exciting week for the Indian stock market, with these IPOs not only reflecting the dynamic nature of our economy but also providing varied investment avenues for investors to explore.