2024 has officially begun for the IPO market as two new issues have dates now, and more are on the horizon. Here’s what’s important happened and is happing related to the initial public offerings.
Jyoti CNC Automation Price Band & offer size announced
The price band is set at Rs 315 to Rs 331 of a face value of Rs 2 per share. The Rs 1,000 crore mainline IPO comprises of 3.02 crore equity shares without any OFS component. The issue will open for public subscription on January 09, 2024 and will close on January 11, 2024. Read full details here.
New SME IPO announced – IBL Finance Limited
The Gujarat-based financial services platform IBL Finance Limited announced yesterday that it will launch its initial public offering on January 09, 2024. This is the first SME IPO to open in 2024.
The IPO is entirely a fresh issue of 67.25 lakh shares aggregating to Rs 34.30 crore. The price band is set at Rs fixed at Rs 51 per share at a face value of Rs 10 each.
Read IBL Finance’s IPO document here.
Kaushalya Logistics IPO allotment today
The last SME IPO of 2023 i.e., Kaushalya Logistics closed yesterday for subscription on January 03, 2024 and was subscribed overall 364.18 times, receiving bids worth Rs 9,684 crore against offer size of Rs 36.60 crore.
The allotment of shares for the Kaushalya Logistics Limited will take place today on January 04, 2024 as specified in the RHP document. Skyline Financial Services Private Limited is the registrar for the issue.
More:
- The allotment of KCEIL IPO was announced yesterday as reported and today shares will be credited to the Demat accounts of successful ones.
- According to reports, Medi Assist Healthcare Services Limited is going to launch its initial public offering next week. The offer comprises of a fresh issuance of 2.8 crore shares of a face value of Rs 5 per share. The company had filed its DRHP with SEBI last year in August 2023.
Get daily round of news and activities in IPO market here from us.
