Dalal Street Braces for Busy Week with Seven IPOs Worth Rs 3,000-3,500 Crore
Get ready for an action-packed week on Dalal Street as seven companies gear up to launch their initial public offerings (IPOs), aiming to raise a combined total of Rs 3,000-3,500 crore. After a relatively quiet period, the main board segment is set to come alive, with Doms Industries and India Shelter Finance Corporation leading the way.
Stationary and art products maker Doms Industries and housing finance firm India Shelter plan to raise Rs 1,200 crore each through their IPOs. Doms combines a fresh share issue of Rs 350 crore with an offer-for-sale (OFS) of Rs 850 crore by existing shareholders. India Shelter’s IPO comprises a fresh share issuance of Rs 800 crore and an OFS of Rs 400 crore.
Doms has set its IPO price band at Rs 750-790 per share, while India Shelter’s price band is Rs 469-493 per share. Additionally, Inox India, specializing in cryogenic storage tanks, will kick off its IPO on December 14, with the closing date on December 18. Stay tuned for the price band announcement tomorrow.
Exciting times ahead for the primary market with a flurry of IPOs offering diverse investment opportunities!”
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