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If we go by the grey market trends, the listings of all eight companies will likely be at a minimum premium of over 20%. Motisons Jewellers is leading the lot as the stock is trading over 100% higher than the IPO price of Rs 55.
This week will experience about 12 IPOs commencement. Continue reading to find out the details of the Initial Public Offerings launching this week.
Flood of IPOs next week | More than Rs 4,600 crore of fund raising will be taking place by the 12 companies in the coming week starting from December 18, after nearly Rs 4,000-crore worth of IPOs launched in the last week ended December 15.
The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.
The biggest among the five is Tata Technologies Ltd, which plans to raise Rs 3,040 crore through an initial public offering of shares. The second on the list is Mini Ratna company Indian Renewable Energy Development Agency Ltd, and the government is looking at raising Rs 2,150 crore through this public offer.