IPO Bonanza: 11 Companies Going Public in December 2024

SME IPOs

Dhanlaxmi Crop Science IPO

• Dhanlaxmi Crop Science, which specializes in developing, producing, processing, and selling seeds for crops and vegetables, will launch its IPO on December 9 and close on December 11.
• The Dhanlaxmi Crop Science IPO has a price band set between ₹52 and ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹220,000.
• The offering is a fresh issue of 43.28 lakh equity shares. The company's shares are set to be listed on the NSE SME platform.
• The primary objectives of the issue are to meet the company's working capital requirements, cover issue-related expenses, and support general corporate purposes.

Jungle Camps India IPO

• Jungle Camps India, a hospitality company operating wildlife resorts and restaurants, will launch its IPO on December 10 and close on December 12.
• The ₹29.42-crore worth SME IPO is entirely a fresh issue of 40.86 lakh equity shares. Jungle Camps India IPO price band is set at ₹68 to ₹72 per share. 
• The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹230,400.
•  The IPO listing will likely take place on December 17 on BSE SME.

Toss The Coin IPO

• Toss The Coin, a marketing consulting company will launch its IPO on December 10. The IPO will close on December 12.
• The shares of Toss The Coin will be listed on the BSE SME platform. The IPO price band is set between ₹172 and ₹182 per share.
• The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹109,200. The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹218,400.
• Through this book-built issue, the company aims to raise ₹9.17 crore, consisting entirely of a fresh issue of 5.04 lakh equity shares. The lot size for the IPO is 600 shares.
• The company plans to use the net proceeds from the issue to fund capital expenditures for the development of a microservices application and the establishment of new offices. Additionally, the proceeds will be allocated to meet the company’s working capital requirements and for general corporate purposes.
  

Purple United Sales IPO

• Purple United Sales, a company selling children's clothing, shoes, and accessories, will launch its IPO on December 11 and close on December 13.
• The IPO price band is ₹121 to ₹126 per share, and the issue is entirely a fresh issue of 26.04 lakh shares, amounting to ₹32.81 crore.
•  The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹252,000.
• The company plans to use the net proceeds from the issue to open new stores, meet working capital requirements, and for general corporate purposes.

Supreme Facility Management IPO

• Supreme Facility Management, a provider of integrated facility management services, will launch its IPO on December 11 and close on December 13.
• Supreme Facility Management has set its IPO price band at ₹72 to ₹76 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹121,600. The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹243,200.
• The company plans to raise ₹50 crore through this book-built issue, consisting entirely of a fresh issue of 65.79 lakh equity shares. The IPO is expected to list on the NSE SME platform, with a tentative listing date of December 18.
• The company intends to use the net proceeds to fund working capital requirements, pursue inorganic initiatives, and for general corporate purposes.

Yash Highvoltage IPO

• Yash Highvoltage Limited, established in June 2002, is a manufacturer and distributor of a diverse range of transformer bushings. In addition to manufacturing, the company also provides comprehensive repair, retrofitting, and replacement services for old bushings.
• Yash Highvoltage will open its IPO on December 12. The IPO will close on December 16.
• Yash Highvoltage is launching an SME IPO comprising 75.35 lakh equity shares. The issue includes a fresh issue of 64.05 lakh shares and an offer-for-sale (OFS) of 11.3 lakh shares. The shares will be listed on the BSE SME platform, while the IPO price band is yet to be disclosed.
• The company plans to use the net proceeds from the fresh issue to set up a new factory for manufacturing RIP/RIS transformer condenser graded bushings and for general corporate purposes.