With the ongoing volatility in the Indian stock markets, the last month of the calendar year 2022 will witness the launch of three initial public offerings (IPOs), after a total of 10 IPOs hit Dalal Street last month in November.
So with the barrel finally ticking in the last month, mark your calendars for the launch of these three IPOs hitting the markets in the week ahead.
Upcoming IPOs in December Next Week
#1. Sula Vineyards
The market has eagerly been awaiting the launch of the country’s largest wine maker and seller, the Nashik-based Sula Vineyards.
Its IPO will go live next week on Monday, Dec 12, opening at a price band in the range Rs 340-357/share and the issue will close on Dec 14.
Through its IPO, the wine making company targets to generate more than Rs 960 crore. It will issue nearly 2.7 crore of its equity shares in the process, which will be offered purely through the OFS route or offer-for-sale.
Some investors that will sell their entire shareholding in the company include Cofintra SA and Verlinvest France SA.
#2. Abans Holdings
The financial services providing company, Abans Holdings’ IPO will list on the domestic market on Dec 12, with shares offered in the price range of Rs 256-270 per piece.
The issue for subscription will close down on Dec 15, with the company planning to issue 1.28 crore shares in the event.
Through the IPO, Abans Holdings looks forward to freshly mopping up Rs 102.6 crore besides an OFS of Rs 243 crore from the company’s promoter Abhishek Bansal.
#3. Landmark Cars
The auto retailer Landmark Cars will list its IPO on Dalal Street on December 13 and close the issue on Dec 15. The shares will be offered in the price range of Rs 481-506 per piece.
It will look to generate around Rs 552 crore by publicly offering a total of 1.09 crore equity shares in the issue.
Landmark Cars is a premium auto retailer with dealerships of biggies like Mercedes-Benz, Honda, Jeep, Volkswagen, Renault and Ashok Leyland.
