Upcoming IPOs in December 2023 – Mainboard & SME IPO List

Hopefully, December 2023 is going to be another blockbuster month for IPOs. As per the current scenario, there are few mainboards, and SMEs are lined up for the IPO. In November we saw record-breaking IPO listing in the mainline and SME segment as well. In the last months few of the listings that are Tata Technologies, and Gandhar Oil Refinery gave a superb return on the listing day for the investors.
Upcoming IPOs in December 2023

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As per the EY report – India broke records in Q3 2023 and witnessed a 425% surge in IPOs, raising $1.77 Billion. In Q3 2023, 21 IPOs hit the dalal street including mainline and SMEs. Now it’s time for the Upcoming IPO list in December 2023, which includes some big names.

Sheetal Universal – NSE SME IPO

Sheetal Universal IPO is to open on December 4 and will close on December 6. Sheetal Universal is an NSE SME IPO to raise ₹23.80 crores via IPO. The Sheetal Universal IPO price band is fixed at ₹70 with a market lot of 2000 shares. Beeline Capital Advisors Pvt Ltd is the lead manager for the IPO and Bigshare Services Pvt Ltd is the registrar of the IPO.

Sheetal Universal Limited is Sourcing, processes, and supplying agriculture commodities like peanuts, sesame seeds, spices, and grains to cater to the manufacturers of peanut butter, biscuits, cakes, chocolate, and food products.

Accent Microcell – NSE SME IPO

Accent Microcell IPO is to open on December 8 and will close on December 12. Accent Microcell is an NSE SME IPO to raise ₹78.40 crores via IPO. The Accent Microcell IPO price band is fixed at ₹133 to ₹140 with a market lot of 1000 shares. Corporate Capitalventures Pvt Ltd is the lead manager for the IPO and Kfin Technologies Limited is the registrar of the IPO.

Accent Microcell Limited is a manufacturer of high-quality cellulose-based excipients which predominantly find application in the Pharmaceutical, Nutraceutical, Food, Cosmetic, and other industries. The company is one of the Global leading manufacturers of Microcrystalline Cellulose (MCC).

DOMS Industries – Mainboard IPO

DOMS Industries IPO is to open on December 13 and will close on December 15. DOMS IPO to raise around ₹1200 crores via IPO that comprises fresh issue of ₹250 crores and offer for sale up to ₹850 crores of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%. Jm Financial Limited, BNP Paribas, ICICI Securities Limited, and Iifl Securities Ltd are the lead managers for the IPO, and Link Intime India Private Ltd os the registrar of the IPO.

DOMS Industries Limited is an Indian stationery and art materials manufacturing company based in Valsad, Gujarat. The company was founded in 1976 as a partnership firm, R.R. Industries, by Rasiklal Amritlal Raveshia and Mansukhlal Jamnadas Rajani. The company launched its flagship brand “DOMS” in 2005.

S J Logistics – NSE SME IPO

S J Logistics IPO is to open on December 12 and will close on December 14. S J Logistics is an NSE SME IPO to raise ₹48 crores via IPO. The S J Logistics IPO price band is fixed at ₹121 to ₹125 with a market lot of 1000 shares. Hem Securities Limited is the lead manager for the IPO, and Maashitla Securities Private Limited is the registrar of the IPO.

S J Logistics is engaged in the business of providing logistics and supply chain solutions to their customers. Their key services include freight forwarding, customs clearance, and transportation handling services. They are a Multimodal Transport Operator registered under the Multimodal Transportation of Goods Act 1993 to carry on the business of multimodal transportation.

Muthoot Microfin – Mainboard IPO

Muthoot Microfin IPO is to open soon, still, the official announcement is not out yet. Muthoot Microfin IPO to raise around ₹1350 crores via IPO that comprises fresh issue of ₹950 crores and offer for sale up to ₹400 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%. ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited, and SBI Capital Markets Limited are the lead managers for the IPO and Kfin Technologies Limited is the registrar of the IPO.

Muthoot Microfin Limited is a microfinance institution providing micro-loans to women customers (primarily for income generation purposes) focusing on rural regions of India. They are the fourth largest NBFC-MFI in India in terms of gross loan portfolio as of December 31, 2022, as per CRISIL Report. They are also the third largest amongst NBFC-MFIs in South India in terms of the gross loan portfolio, the largest in Kerala in terms of MFI market share, and a key player in Tamil Nadu with an almost 16% market share, as of December 31, 2022, as per CRISIL Report.

Allied Blenders – Mainboard IPO

Allied Blenders IPO is to open soon, still, the official announcement is not out yet. Allied Blenders and Distillers IPO to raise around ₹2000 crores via IPO that comprises fresh issue of ₹1000 crores and offer for sale up to ₹1000 crores of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%. ICICI Securities Limited, Axis Capital Limited, Jm Financial Limited, Kotak Mahindra Capital Company Limited, and Equirus Capital Private Limited are the lead managers for the IPO and Link Intime India Private Ltd is the registrar of the IPO.

Allied Blenders and Distillers is the largest Indian-owned Indian-made foreign liquor (“IMFL”) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2021. They are one of the only four spirits companies in India with a pan-India sales and distribution footprint, and the leading exporter of IMFL, in terms of annual sales volumes between Fiscal 2019 to Fiscal 2021 with an estimated peak share of 20% in Fiscal 2021. (As per DRHP)

Other IPOs List – Coming Soon

There are some of the companies that are yet to announce their IPO dates.

  • Siyaram Recycling – NSE SME
  • Benchmark Computer Solutions – BSE SME
  • Shree OSFM E-Mobility – NSE SME
  • Presstonic Engineering – NSE SME
  • Happy Forgings – Mainboard IPO
  • Mukka Proteins – Mainboard IPO
  • Inox India – Mainboard IPO
  • Mufti Jeans – Mainboard IPO
  • Motisons Jewellers – Mainboard IPO
  • RBZ Jewellers – Mainboard IPO
  • Suraj Estate Developers – Mainboard IPO
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8 Responses

    1. Hi Harish,

      Try to apply on 2nd day of the IPO to avoid last day rush. Check the application as the mendate created successfully or not. Do more applications to get a chance of the allotment.

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