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Upcoming IPO: The year 2024 has been important for India’s IPO market. We are in the final stages of the year and next week will see the listing of 4 new issues (1 Mainboard and 3 SME) and six IPOs. The strong boom in the IPO market will continue next year and some experts estimate that the fund raising figure will cross Rs 2 lakh crore. This year, companies together have raised a record Rs 1.3 lakh crore.
Indo Farm Equipment IPO
The IPO of Indo Pharma Equipment, a company that manufactures tractors and pick and carry cranes, will open on December 31 and close on January 2.
The company has fixed a price band of Rs 204-215 for the IPO, where investors can buy 69 shares in one lot and then buy shares in multiple lots. The Chandigarh-based company’s IPO involves a fresh issue of 86 lakh equity shares and an offer for sale of 35 lakh equity shares by promoter selling shareholder Ranbir Singh Khadwalia.
According to market sources, Indo Farm Equipment IPO GMP is at Rs 85 in the unlisted market.
Technikem Organics IPO in SME segment
Technikem Organics will open for subscription on December 31 and will remain open till January 2. The issue consists entirely of sale of new equity shares worth Rs 25 crore. The price band of the issue is Rs 52-55 per share.
Technichem Organics is in the business of manufacturing a variety of chemicals, specialty chemicals, pigments and dye intermediates and air oxidation chemistries.
The company serves various industries including pharmaceuticals, agriculture, coatings, pigments, dyes and others, reflecting the versatility of its products. Technikem Organics IPO GMP Unlisted Market Rs. Is 11.
Leo Dry Fruits and Spices Trading IPO
This SME IPO will open for subscription in the new year on January 1, 2025. This issue will close on January 3. The company’s shares will be listed on BSE SME on January 8.
The price band of Leo Dry Fruits & Spices IPO is Rs 51-52 per share. The company has made a lot of 2000 shares. The investor will have to invest at least Rs 1 lakh 4 thousand.
Leo Dry Fruits & Spices Trading Limited deals in various spices and dry fruits under the brand VANDU. It also manufactures frozen and semi-fried products under the “FRYD” brand.
According to market experts, Leo Dry Fruits & Spices IPO GMP is priced at Rs 0 in the unlimited market.
Fabtech Technologies Cleanrooms Ltd IPO
The issue will open on January 3, 2025 and close on January 7, 2025. At present its price band has not been announced.
Fabtech Technologies Cleanrooms Ltd. manufactures pre-engineered and pre-fabricated modular panels and doors for cleanroom construction in the pharmaceutical, healthcare and biotech sectors.