Stocks like Glaxosmithkline Pharmaceuticals, Container Corporation, Prestige Estates Projects, Capri Global Capital, Redington, Motisons Jewellers, Honeywell Automation, MTAR Technologies, and Welspun Enterprises will also be in focus on October 30.
But not all of these shares will be for sale as a sizable portion of these is also held by promoters and groups, Nuvama has said. DOMS Industries will see 6 percent and India Shelter Finance 3 percent stake free up on January 17
Indiabulls Real Estate, Den Networks, and Motisons Jewellers touched 52-week highs.
In 2023, some 57 Indian companies raised around Rs 49,000 crore through mainboard IPOs. And, 27 companies have already obtained the green light from the market regulator to float their public issues to raise around Rs 29,000 crore.
Analysts suggest Suraj Estate Developers presents a viable hold opportunity for medium to long-term investors
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The Rs 151-crore public issue was bought 159.61 times during December 18-20 as all categories of investors showed strong participation in the IPO
The grey market investors also seem to be bullish on the jewellery retailer as they have given a premium in the range of 100-140 percent over the issue price of Rs 55 per share, analysts on anonymity said
Motisons Jewellers IPO: The price band for the issue which opened on December 18 has been fixed at Rs 52-55 per share.
Lack of disclosures as well as concentration risk due to presence in only one city make us cautious about this public offer
Motisons Jewellers IPO: Ahead of the IPO, the company mobilised Rs 36.3 crore from 2 anchor investors
While the jewellery industry has been outpacing other retail sectors, owing to premiumisation and an accelerated shift towards the organised segment, we are cautious on MJL.
Motisons Jewellers IPO: Only two investors participated in the anchor book
Motisons Jewellers IPO | This would be the second IPO opening next week, along with Suraj Estate Developers.
Motisons Jewellers IPO | The IPO comprises only a fresh issue component of 2.74 crore equity shares. Hence, the entire issue proceeds will go the company.
Samhi Hotels and Motisons Jewellers have received green signal from the capital market regulator Sebi to go ahead with their IPO plans.
Motisons Jewellers had filed preliminary IPO papers with SEBI in September 2023, but the capital markets regulator had returned the draft papers in December