The final week of 2023 is going to be busy for the main market. There will be many new companies offering shares to the public (IPOs) and several new companies will be listed on the stock market.
The year 2023 has been marked by a lot of IPO activity. Many companies have offered shares for the first time on Dalal Street.
Especially, investors have shown consistent interest in small and medium-sized enterprises (SMEs) throughout the year.
Some of these SMEs that went public this year received positive feedback from regular people and investors who are not part of big institutions.
Many people were very interested in buying these shares, and this excitement led to a lot of people wanting to buy them.
As a result, when these smaller businesses started selling their shares to the public, the prices were much higher than what they were initially sold for.
Continuing with this pattern, in the last week of 2023, 6 smaller companies are trying to get money from the public by offering shares, and 10 companies are going to start being traded on the stock markets for the first time.
AIK Pipes and Polymer
AIK Pipes and Polymers is going to start selling its shares to the public for the first time, and you can buy them from December 26 (Tuesday) until Thursday (December 28).
The company wants to collect Rs 15 crore by selling these new shares. Each share will cost between Rs 89, and the original value of each share is Rs 10.
Akanksha Power and Infrastructure
Akanksha Power and Infrastructure is going to start selling shares to the public for the first time on Wednesday (December 27), and you can buy them until Friday (December 29).
The company wants to collect Rs 27.49 crore by offering a completely new set of 49.98 lakh shares.
The cost for each share in the IPO will be between Rs 52 and Rs 55.
HRH Next Services
HRH Next Services is going to start selling shares to the public for the first time on Wednesday (December 27), and you can buy them until Friday (December 29).
Each share will cost between Rs 36, and the original value of each share is Rs 10. The company wants to collect Rs 9.57 crore by offering new shares.
Manoj Ceramic
Manoj Ceramic is going to start selling shares to the public for the first time on December 27 (Wednesday), and you can buy them until Friday (December 29).
The company wants to collect Rs 14.47 crore by offering new shares. Each share will cost between Rs 62, and the original value of each share is Rs 10.
Shree Balaji Valve Components
Shri Balaji Valve Components is going to start selling shares to the public for the first time on December 27 (Wednesday), and you can buy them until Friday (December 29).
The company wants to collect Rs 21.60 crore by offering new shares. Each share will cost between Rs 95 and Rs 100, and the original value of each share is Rs 10.
KC Energy & Infra
KC Energy & Infra will start selling shares to the public for the first time on December 28 (Thursday), and you can buy them until Tuesday (January 2).
The company wants to collect Rs 15.93 crore by offering new shares. Each share will cost between Rs 51 and Rs 54, and the original value of each share is Rs 10.
New listing this week
This week, 10 companies are set to begin trading on the stock exchanges, and experts believe that some of these companies might have a good start because many people showed interest when they were offering their shares for sale.
