IPO This Week: 6 Mainboard, SME IPOs To Raise Over Rs 3,900 Crore; Inox India, DOMS, SJ Logistics In List

The IPO market is busy this week with three companies launching their public offer on the mainboard and three SME issues looking to list on BSE and NSE respectively. These six companies together are planning to raise about Rs 3,929.96 crore. These companies are DOMS Industries, India Shelter Finance Corporation, INOX India, Shree OSFM E-Mobility, S J Logistics (India), and Siyaram Recycling Industries.

Here's a look at some of these IPOs' performance the ones which are going to be launched on December 14:

1. DOMS Industries:

DOMS is a mainboard IPO looking to raise Rs 1,200 crore through its public offer which includes Rs 350 crore in fresh issuance and Rs 850 crore worth of offer for sale (OFS). The price band is fixed at Rs 750 per Equity Share to Rs 790 per Equity Share. In consultation with its Book book-running lead Managers, the company may offer a discount of Rs 75 per share for employee reservations.

The IPO opened on December 13th and will close for bidding on December 15th. On the first day of its offer, DOMS has already received a strong response from bidders across the board.

On Day 1, the IPO oversubscribed by 5.71 times with bids of 5,04,55,458 equity shares against the offered size of 88,37,407 equity shares.

2. India Shelter Finance Corporation:

The next up is India Shelter Finance which also launched its IPO worth Rs 1,200 crore on the mainboard of the primary market on December 13. Bidding will be available till December 15th.

On Day 1, just like DOMS, India Shelter also received healthy demand as the IPO fully subscribed by 1.48 times.

The price band of the IPO is fixed at Rs 469 to Rs 493 per share. The bid lot size is 30 Equity Shares and in multiples thereof.

3. Inox India:

Another company from Inox Group stepped into the stock market. Inox India is the largest IPO this week worth Rs 1,459 crore and will open on December 14th. Subscriptions here will be allowed till December 18th, excluding December 16 and 17 as weekend holidays.

The price band of the IPO is Rs 627 to Rs 660 per share. Bids can be made for a minimum of 22 Equity Shares and in multiples of 22 Equity Shares thereafter.

The IPO is purely an offer for sale (OFS)! The company plans to raise funds through an offer of up to 22,110,955 Equity Shares by the selling shareholders.

4. S J Logistics (India):

First up in the SME segment this week will be S J Logistics (India) IPO which opened on December 12 and has gathered extraordinary demand from investors across categories. The proposed equity shares will be listed on NSE EMERGE.

By the end of its second-day subscription (December 13th), this SME IPO had oversubscribed by a massive 57.79 times with bids of 15,88,09,000 equity shares against its offered size of 27,48,000 equity shares.

The price band of the IPO is fixed at Rs 121 to Rs 125 per share. While its bid lot size is 1,000 Equity Shares and in multiples thereof.

The IPO will close on December 14 (Thursday). The company is planning to raise about Rs 48 crore from its offer, but it looks like this has already been achieved.

5. Shree OSFM E-Mobility:

The second IPO this week to enter for NSE Emerge listing will be Shree OSFM E-Mobility on December 14. Bidding here will be allowed till December 18.

The company is looking to raise about Rs 24.60 crore. It will be keenly watched if this IPO also receives a humungous response like SJ Logistics.

Shree OSFM E-Mobility has a fixed price band of Rs 65 per share. It is offering up to 37,84,000 equity shares for subscriptions. The bid lot size is 2,000 Equity Shares and in multiples thereof.

6. Siyaram Recycling Industries:

On BSE, Siyaram will be the first SME IPO this week. It will open on December 14 and will close on December 18. The IPO size is 49,92,000 equity shares at a price band of Rs 43-46.

The bid lot size is a minimum of 3,000 equity shares and in multiples thereof.

Siyaram is planning to raise about Rs 22.96 crore from its public offer.

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