Five cos to float IPOs this week, eye Rs 4,200 crore

Tuesday 12th December, 2023

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Jh've cos to float IPOs this week, eye Rs 4,200 crore #NEW DELHI The IPO lane is getting crowded as five companies, including India Shelter Finance and DOMS Industries, have lined up public offers this weck on favourable market conditions. The other three companies whose maiden public iSSues are slated to open are Inox India, Motisons Jewellers and Mumbai-based Suraj Estate Developers, according to their Red Herring Prospectus (RHPS). Together, these companies are estimated to raise at least Rs 4,200 crore to fund their business expansion, meet working capital require FROM RHP FILES Date Of issue India Shelter Fin Dec 13-15 DOMS Industries Dec 13-15 Inox India Dec 14-18 Motisons Dec 18-20 Jewellers Suraj Estate Dec 18-20 Developers ments, and make loan repayments. This comes on the back of 10 companies successfully concluding their maiden public issues last PTI month.