2023’s Last IPO: Last-Minute IPO Rush as the Year Ends
2023’s Last IPO: As 2023 comes to an end, money markets get ready for the exciting last part of the year – the final time businesses ask people to invest in them (IPOs). These listings show the end of lots of new ideas and chances to invest money before the year ends.
While everyone is happy with the holidays, people who invest money are getting excited. Seven important companies are about to show their IPOs. Each one has its own special story and reasons why people should invest in them before the year finishes on a good note.
People who study markets watched ‘Grey Market Premium’ to guess what others might think about these IPOs. These were not just about money but about new ways of doing things in different industries.
1: Happy Forging Limited IPO
| Company Name | Happy Forging Limited |
|---|---|
| Symbol | HAPPYFORGE |
| Security Type | EQ |
| Issue Dates | 19-Dec-23 to 21-Dec-23 |
| Price Range | Rs.808 to Rs.850 |
| Issue Size (No. of Shares) | 1,21,10,415 |
| Total Value | ₹10,29,38,52,750 |
| Grey Market Premium (GMP) | Rs.450?- |
Story: Happy Forging Limited strides onto the IPO stage, heralding a commitment to cutting-edge forging technologies. Their aim is not just to profit but to forge a sustainable future, resonating with investors seeking eco-friendly ventures.
2: Muthoot Microfin Limited
| Company Name | Muthoot Microfin Limited |
|---|---|
| Symbol | MML |
| Security Type | EQ |
| Issue Dates | 18-Dec-23 to 20-Dec-23 |
| Price Range | Rs.277 to Rs.291 |
| Issue Size (No. of Shares) | 2,43,87,447 |
| Total Value | ₹7,09,67,47,077 |
| Grey Market Premium (GMP) | Rs.30/- |
Story: Muthoot Microfin Limited’s IPO reflects their commitment to community upliftment through microfinance. They present financial opportunities and a chance to be a part of social change.
3: Credo Brands Marketing Limited
| Company Name | Credo Brands Marketing Limited |
|---|---|
| Symbol | MUFTI |
| Security Type | EQ |
| Issue Dates | 19-Dec-23 to 21-Dec-23 |
| Price Range | Rs.266 to Rs.280 |
| Issue Size (No. of Shares) | 1,96,34,960 |
| Total Value | ₹5,49,77,88,800 |
| Grey Market Premium (GMP) | Rs.145/- |
Story: Credo Brands Marketing Limited, under the symbol MUFTI, symbolizes a paradigm shift in fashion. Their IPO launch signals innovation and customer-focused strategies in the fashion industry.
4: Suraj Estate Developers Limited
| Company Name | Suraj Estate Developers Limited |
|---|---|
| Symbol | SURAJEST |
| Security Type | EQ |
| Issue Dates | 18-Dec-23 to 20-Dec-23 |
| Price Range | Rs.340 to Rs.360 |
| Issue Size (No. of Shares) | 82,35,293 |
| Total Value | ₹2,96,47,05,480 |
| Grey Market Premium (GMP) | Rs.25/- |
Story: Suraj Estate Developers Limited, represented by SURAJEST, marks a significant milestone in their journey to build dream homes. Their IPO embodies trust, quality, and modern living spaces.
5: Motisons Jewellers Limited
| Company Name | Motisons Jewellers Limited |
|---|---|
| Symbol | MOTISONS |
| Security Type | EQ |
| Issue Dates | 18-Dec-23 to 20-Dec-23 |
| Price Range | Rs.52 to Rs.55 |
| Issue Size (No. of Shares) | 2,08,71,000 |
| Total Value | ₹1,14,79,05,000 |
| Grey Market Premium (GMP) | Rs.78/- |
Story: Motisons Jewellers Limited’s IPO encapsulates a legacy of craftsmanship and elegance. It promises not just jewellery but a tradition preserved through artistry.
6: RBZ Jewellers Limited
| Company Name | RBZ Jewellers Limited |
|---|---|
| Symbol | RBZJEWEL |
| Security Type | EQ |
| Issue Dates | 19-Dec-23 to 21-Dec-23 |
| Price Range | Rs.95 to Rs.100 |
| Issue Size (No. of Shares) | 1,00,00,000 |
| Total Value | ₹1,00,00,00,000 |
| Grey Market Premium (GMP) | Rs.5/- |
Story: RBZ Jewellers Limited’s IPO, symbolized by RBZJEWEL, promises to unveil radiance through its offerings, epitomizing the splendour and sophistication of their creations.
7: Electro Force (India) Limited
| Company Name | Electro Force (India) Limited |
|---|---|
| Symbol | EFORCE |
| Security Type | SME |
| Issue Dates | 19-Dec-23 to 21-Dec-23 |
| Price Range | Rs.93 |
| Issue Size (No. of Shares) | 86,74,800 |
| Total Value | ₹80,67,56,400 |
| Grey Market Premium (GMP) | Rs.5/- |
Story: Electro Force (India) Limited’s SME IPO, represented by EFORCE, symbolizes an energizing force of innovation in the market. It signifies growth and dynamism in the industry.
2023’s Last IPO Conclusion:
The culmination of 2023’s IPO listings marked not just financial opportunities but also the beginning of new prospects and possibilities. As investors geared up for the final rush of the year, these IPOs symbolized the innovation and diversity within the market, setting the stage for an exciting start to 2024.
The financial markets were abuzz with speculation and excitement as investors geared up for these last opportunities of the year. Each IPO promised unique prospects and opportunities, ranging from forging technologies to microfinance, from jewellery retail to real estate development.
Analysts and investors closely monitored the Grey Market Premium (GMP), awaiting signals of market sentiment and demand. The potential success of these IPOs lies not only in their financial valuation but also in the innovative strategies, ethical standards, and transformative impact they aim to bring to their respective industries.
These IPOs symbolized the culmination of a year marked by economic rebounds, technological advancements, and entrepreneurial resilience. As the clock ticked closer to the new year, these final listings represented not just financial opportunities but the dawn of fresh possibilities, promising a vibrant start to 2024 in the world of finance and innovation.
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