December IPO Buzz: Insights into Allied Blenders, DOMS Industries, and More

December IPO Buzz: Insights into Allied Blenders, DOMS Industries, and More- check the upcoming ipo this month 

  1. Allied Blenders and Distillers:


  • Known for iconic brands like Officer’s Choice and Sterling Reserve, Allied Blenders and Distillers is gearing up for its IPO this month. Having secured SEBI approval on December 16, 2022, the company, a major player in the Indian-made foreign liquor (IMFL) sector, aims to raise INR 2,000 crore through a blend of fresh shares and an Offer for Sale (OFS).


  1. DOMS Industries:


  • Gujarat-based DOMS Industries has emerged as a formidable player in India’s Stationery and Art products market. With plans to raise INR 1,200 crore, the company intends to issue fresh shares to the tune of INR 350 crore, while existing shareholders aim to sell shares worth up to INR 850 crore. DOMS Industries has shown robust revenue growth, enhancing its appeal for potential investors.


  1. Muthoot Microfin:


  • A notable player in the microfinance sector, Muthoot Microfin is set to make its IPO debut in December. As the fourth-largest NBFC in the microfinance category, the Kerala-based company is eyeing a fundraise of INR 1,350 crore. With a focus on the joint liability group (JLG) model catering to women in lower-income households, Muthoot Microfin brings a strong track record and the backing of global private equity investors.


  1. Motisons Jewellers:


  • Jaipur-based Motisons Jewellers is venturing into the primary markets to raise nearly INR 150 crore. Operating four showrooms in Jaipur, the company recently completed a pre-IPO placement, securing INR 33 crore from notable investors. The IPO marks Motisons Jewellers’ strategic move to expand its operations and further establish its presence in the jewelry sector.


While these IPOs are on the radar for December, the dynamic nature of the market may lead to additions or adjustments to the list. Notably, there’s currently no update on the IPOs of EbixCash and SPC Lifesciences, suggesting a possible delay in their launch.”


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