As per an evaluation, 12 firms hit the market with their IPOs in December 2023. Representational file picture.
| Photo Credit: Reuters
As many as 12 firms raised ₹8,931.69 crore by way of preliminary share gross sales this month, making it one of the best IPO month in two years.
The earlier finest was December 2021, when 11 firms mopped up $9,534 crore by way of Initial Public Offerings (IPOs).
As per an evaluation, 12 firms hit the market with their IPOs in December 2023.
This week, six firms received listed after their IPOs and one firm will begin buying and selling on Thursday. Reflecting the bullishness in the first market, three corporations every made their inventory market debut on Tuesday and Wednesday.
While Muthoot Microfin, Motisons Jewellers and Suraj Estate Developers received listed on Tuesday, Credo Brands, Happy Forgings and RBZ Jewellers made their debuts on Wednesday.
Earlier this month, Doms Industries, Flair, India Shelter Finance and Inox CVA listed on the bourses, whereas Azad Engineering is about to start out buying and selling on Thursday.
The itemizing date of Innova Captab, which has raised Rs 570 crore by way of an IPO, is but to be introduced.
Through the IPO, Doms Industries raised ₹1,200 crore whereas Flair garnered ₹593 crore and India Shelter Finance fetched ₹1,200 crore. Inox CVA mopped up ₹1,459.32 crore and Muthoot Microfin’s preliminary share sale was price ₹960 crore.
Among others, Motisons Jewellers raised ₹151 crore, Suraj Estate Developers (₹400 crore), Credo Brands (₹549.77 crore), Happy Forgings (₹1,008.6 crore), RBZ Jewellers (₹100 crore) and Azad Engineering (₹740 crore).
Together, these 12 corporations have mopped up ₹8,931.69 crore, as per the evaluation.
