You have a chance to profit from share investments through upcoming IPOs starting today, January 8. This week, four new IPOs will be launched, providing investors with potential opportunities. Kaushalya Logistics is set to list its shares on NSE Emerge on January 8, with an issue price of Rs 75 per share. The IPOs of Jyoti CNC Automation, Australian Premium Solar, IBL Finance, and New Swan Multitech are also set to open soon, collectively raising approximately Rs 1100 crore. Let’s take a look at these upcoming IPOs.
1) Jyoti CNC Automation
Rajkot-based Jyoti CNC Automation, specialising in metal-cutting CNC machines, will initiate its IPO on January 9, closing on January 11 with a price band of Rs 315-331 per share. The company aims to raise Rs 1000 crore, marking the first IPO on the mainboard segment in the current calendar year.
2) IBL Finance
The upcoming IPO of IBL Finance, a fintech-based financial services platform, marks the first IPO of the year under the SME segment. Scheduled to open on January 9 and close on January 11, the company aims to raise Rs 33.4 crore. The fixed price band for this IPO is Rs 51 per share.
3) New Swan Multitech
The New Swan Multitech IPO subscription window is from January 11, 2024, to January 15, 2024. This book-built issue amounts to Rs 33.11 crore, comprising an entirely fresh issue of 50.16 lakh shares. The IPO’s price band is set at Rs 62 to Rs 66 per share, with a minimum lot size of 2000 shares per application. Hem Securities Limited and Share India Capital Services Private Limited are the book running lead managers, and Bigshare Services Pvt Ltd serves as the registrar for the issue.
4) Australian Premium Solar
Australian Premium Solar, specialising in monocrystalline and polycrystalline solar module manufacturing, aims to raise Rs 28 crore through its upcoming IPO. The IPO is scheduled to open on January 11 and conclude on January 15, with a set price band of Rs 51-54 per share.
Analysts predict that Jyoti CNC Automation’s public offering could signal the start of an active phase in the initial share sale market. This momentum is expected to continue for a few months, followed by a temporary pause during general elections. The Indian primary market experienced a dynamic year in CY2023, with fundraising activity picking up from Q2CY23 onwards. The market is poised for further growth as numerous companies plan IPOs, with an estimated cumulative raise exceeding Rs 1 lakh crore, more than double the amount raised in 2023. Mahavir Lunawat, Managing Director at Pantomath Capital Advisors Pvt Ltd., highlighted that 28 companies have received SEBI approval, aiming to raise over Rs 30,000 crore, while 36 others await approval with plans to raise Rs 50,000 crore.
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