The current week has brought with it an income opportunity for IPO investors. Four IPOs
worth Rs 1110 crore will open this week. It has one mainboard and three SME IPOs. This
will allow the IPO investors to once again invest in the IPO. IPOs of Jyoti CNC Automation,
IBL Finance Ltd, New Swan Multitech and Australian Premium Solar to open this week
Highlights –
● IBL FINANCE LIMITED
● Jyoti CNC Automation
● New Swan Multitech
● Australian Premium Solar
- IBL FINANCE LIMITED
65.5 lakh new shares will be issued in IBL Finance Limited, an SME company, in an IPO
worth Rs 33.41 crore. The IPO will be open from January 9 to 11. The company has fixed
the price per share at Rs 51. So the lot size is 2000 shares.
Key Points:
● This non-banking financial company offering SME lending and other financial
services opens its fixed-price issue on January 9th, 2024.
● The price band is fixed at Rs 33.41 per share.
● The IPO size is Rs 33.41 crore.
- Jyoti CNC Automation
Jyoti CNC Automation’s IPO will be open for investment from January 9 to 11. The company
has fixed the price for the IPO at Rs 315 to Rs 331 per share. New shares will be issued in
this IPO. From this, the company is going to raise 1000 crore rupees.
Key Points:
● This engineering company specialising in CNC machines opens its book-built issue
on January 8th, 2024.
● The price band is set at Rs 315-331 per share.
● The IPO size is up to Rs 1,000 crore, making it the largest issue of the four.
- New Swan Multitech
New Swan Multitech’s IPO will be open for subscription from January 11 to 15. The size of
the IPO is Rs 33.11 crore. So the price has been kept at 62 to 66 rupees. A lot will have
2000 shares.
Key Points:
● This engineering components manufacturer opens its SME IPO on January 11th,
2024.
● The price band is Rs 62-66 per share.
● The IPO size is Rs 20 crore.
- Australian Premium Solar
Australian Premium Solar’s Rs 28.08 crore IPO will open on January 11. Investors can
invest in the IPO till January 15. The company has fixed the price per share for the IPO at Rs
51 to Rs 54. Investors have to buy at least 2 thousand shares in one lot.
Key Points:
● This renewable energy company focusing on solar panel manufacturing opens its
SME IPO on January 11th, 2024.
● The price band is Rs 51-54 per share.
● The IPO size is Rs 28.08 crore.
Always remember Investing in IPOs involves inherent risks, including potential for price
volatility and long-term performance uncertainty. Do your due research before making any investment decisions.
