Upcoming IPOs: Jyoti CNC, IBL Finance, 2 Other IPOs To Hit Market From January 8-12; 1 Firm To List!

The IPO market witnessed a dull first week of the new year. Never too late, the primary market is ready to be flooded with IPOs and listings. In the trading week from January 8th to 12th, four IPOs are set to open, while SME stock Kaushalya Logistics will list on the NSE. The four IPOs are Jyoti CNC Automation, IBL Finance, New Swan Multitech, and Australian Premium Solar.

Here are the key highlights of these IPOs:

Upcoming IPOs

1. Jyoti CNC Automation IPO:

One of the world's leading manufacturers of metal cutting computer numerical control ("CNC") machines, Jyoti CNC will launch its Rs 1,000 crore IPO on January 9th, and biddings will be allowed till January 11th.

The IPO is an entirely fresh issue where the company is offering shares worth Rs 1,000 crore.

The IPO has a price band in the range of Rs 315 to Rs 331 per share. Bids can be made for a minimum of 45 Equity Shares and in multiples of 45 Equity Shares thereafter. Also, a discount of Rs 15 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion.

2. IBL Finance IPO:

IBL Finance is an SME IPO set to open on January 9th as well. Subscriptions for this IPO will also be allowed till January 11. The IPO has a price band of Rs 51 per share, while the minimum bid lot size is 2,000 shares. The IPO will be listed on NSE.

The company plans to raise to 33.41 crore by offering up to 65.5 lakh equity shares.

IBL Finance is a new-age fintech-based financial services platform that leverages technology and data science to make lending quick and easy.

3. New Swan Multitech IPO:

New Swan is another SME that is planning to list on BSE. This SME IPO will be launched on January 11th and will close on January 15th. The price band is fixed at Rs 62 to Rs 66 per share.

The IPO comprises of fresh issue of up to 5,016,000 equity shares. The company plans to raise about Rs 33.11 crore via the IPO.

New Swan Multitech Limited is one of the leading & reputed manufacturer-exporter of high-quality farm machineries in India.

4. Australian Premium Solar IPO:

NSE exchange has witnessed a huge flow in SME IPOs. And Australian Premium Solar will also follow suit.

Australian Premium Solar IPO will be launched on January 11 and will be available for subscription till January 15. The price band of the IPO is fixed at Rs 51 per share to Rs 54 per share.

The IPO size is Rs 28.08 crore for which the company is offering fresh issues up to 5,200,000 shares.

Australian Premium Solar is an indigenous solar solutions provider. The company's products are backed by our ongoing investments in R&D and are designed to offer world-class solutions across segments.

The IPO will be listed on NSE Emerge.

Upcoming Listing

Kaushalya Logistics:

After a robust subscription in its SME IPO, Kaushalya Logistics is ready to debut on NSE Emerge on January 8. The company's IPO issue price is at Rs 75 apiece.

Kaushalya's IPO which was launched from December 29 to January 3rd, oversubscribed by a whopping 364.18 times. The IPO size was Rs 36.60 crore.