The primary market action continues to buzz in December too. The IPOs have raised more than Rs 1 lakh crore so far in 2024 and still counting. Despite the stock market correction, overall primary market has seen unabated flow of new issues. Both in the mainboard and SME sections, we are seeing hectic action. So far in December, the IPO pipeline lists 6 new issues. However, the dates for some are not fixed yet.
Here is a list of the IPOs that need to be on your radar this week-
Mainboard IPOs
Property Share REIT IPO
The IPO of Property Share REIT will open on December 02. The The IPO will raise Rs 352.91 crore. It will close on December 04. The price band for Property Share has been set between Rs 10,00,000 – Rs 10,50,000 per share. Real estate investment trusts (REITs) are companies that own, operate, or finance income-producing real estate across a wide range of property sectors. These investments enable you to generate income from real estate without the need to purchase, oversee, or fund properties directly. The allotment for the IPO is expected to be finalised on December 5 while the listing on the exchanges on December 9.
SME IPO
Nisus Finance Services IPO
The SME IPO will launch on December 04 and close on December 06. The IPO will aim to raise Rs 114.24 crore through a combination of sale of 56.46 lakh fresh shares and an offer for sale of 7.01 lakh shares. The IPo’s price band ranges between Rs 170 to Rs 180 per equity share. The allotment of shares is expected to be finalised on December 9. The IPO will be listed on the BSE SME platform on December 11.
Apart from the launches of these issues, the IPO of Suraksha Diagnostics will close on December 03 and list on December 06. The SME IPO Apex Ecotech and Abha Power and Steel will be listed on December 04. Following these two, Aggarwal Toughened Glass India will list on December 05 and Ganesh Infraworld on December 06.
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