Dalal Street Upcoming IPOs Alert: Four IPOs Set to Raise Funds, Including One Listing this week [January 2024]

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Dalal Street Upcoming IPOs Alert: As we enter the heart of the new year, 2024, the primary market is poised to experience a rise in activity as four notable companies prepare to make their mark on Dalal Street with their Initial Public Offerings (IPOs). This article explores the details of these upcoming IPOs, providing insights into the financial landscape and strategic initiatives of each company.

Jyoti CNC Automation IPO:

Jyoti CNC Automation spearheads the IPO charge in the mainboard segment this year. Scheduled to open for subscription from January 9-11, the IPO boasts a price band of Rs 315-331 per share, with a substantial fundraising target of Rs 1,000 crore.

Utilization of Proceeds

This landmark IPO comprises solely a fresh issue, earmarking the entire proceeds for the company itself. Jyoti CNC Automation plans to allocate Rs 475 crore towards debt repayment and an additional Rs 360 crore for long-term working capital requirements.

IBL Finance IPO:

In the small and medium enterprise (SME) segment, IBL Finance takes the lead as the first IPO of the year. With a subscription window mirroring Jyoti CNC Automation (January 9-11), the fixed price issue aims to raise Rs 33.4 crore.

Fund Utilization

The fintech-based financial services platform plans to channel the IPO funds to bolster its Tier-I capital base, strategically positioning itself to meet future capital requirements emanating from business and asset growth.

New Swan Multitech IPO:

Adding to the IPO fervor is New Swan Multitech, a precision-engineered components manufacturer. The IPO, opening for subscription from January 11-15, targets a fundraise of Rs 33.11 crore, with a price band set at Rs 62-66 per share.

Strategic Allocation

This book-building issue, comprising solely a fresh issue, outlines New Swan Multitech’s plans to utilize the IPO proceeds for machinery acquisition, debt repayment, working capital requirements, and general corporate purposes.

Australian Premium Solar IPO:

Stepping into the sustainable energy sector, Australian Premium Solar is set to launch its Rs 28-crore IPO from January 11-15, with a price band of Rs 51-54 per share.

Sustainable Growth

With an exclusive fresh issue component, the company envisions utilizing the funds for capital expenditure, working capital requirements, general corporate purposes, and meeting the expenses associated with the public issue.

Listing Update: Kaushalya Logistics

On a parallel note, Kaushalya Logistics is slated to list its equity shares on the NSE Emerge on January 8, with an issue price of Rs 75 per share. The public issue, which witnessed an overwhelming response, subscribed 364.18 times from December 29 to January 3.

Conclusion

In conclusion, the impending IPO wave on Dalal Street presents investors with a diverse array of opportunities across sectors. As the market gears up for these financial milestones, prudent investors would do well to conduct thorough due diligence and seek expert advice. Stay tuned for the latest updates on these IPOs, and remember – informed decisions pave the way for financial success.

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