Big News: New Stock Offerings in India! Check Out DOMS Industries and India Shelter Finance IPOs!

Amidst a surge of activity in India's initial public offerings (IPO) market, numerous companies have unveiled plans for their IPOs, targeting both mainstream and SME segments.

DOMS Industries and India Shelter Finance are poised to kick off their IPO subscriptions from December 13 to December 15.

DOMS Industries IPO:

Renowned for its extensive array of stationery and art products under the 'Doms' brand, DOMS Industries is set to launch its IPO, encompassing a mix of fresh equity and an offer for sale (OFS), amounting to Rs 1,2
00 crore. The IPO's price range is established at Rs 750 to Rs 790 per share.

The company intends to utilize the proceeds from the fresh issue to enhance its manufacturing capabilities and for general corporate purposes. The grey market is abuzz, evident from the grey market premium (GMP) reaching Rs 480.

India Shelter Finance IPO:

Simultaneously, India Shelter Finance, an affordable housing finance company catering to urban households, is initiating its IPO. The IPO price band is fixed at Rs 469 to Rs 493 per share. With a robust distribution network and a keen focus on technology, the company offers home loans up to Rs 50 lakhs.

SME Sector:

In the SME sector, a wave of upcoming IPOs is on the horizon. Presstonic Engineering, SJ Logistics, Shree OSFM E-Mobility, and Siyaram Recycling Industries are all gearing up for their public issues. Presstonic Engineering's Rs 23 crore IPO, entirely comprising fresh equity, will commence on December 11. SJ Logistics is launching its Rs 48-crore issue, including a fresh issue of equity, on December 12.

Shree OSFM E-Mobility has set a price band of Rs 65 for its Rs 24-crore IPO, opening on December 14. Siyaram Recycling Industries is offering its shares in the price range of Rs 43-46, aiming to raise Rs 23 crore.

*(Disclaimer: The above article is intended for informational purposes only and should not be considered as investment advice. TN NOW DIGITAL advises its readers/audience to consult their financial advisors before making any financial decisions.)*