After 2023 a successful year for IPOs, here we going to witness for upcoming latest IPOs in January 2024. Here is the List of IPOs to hit the market in January 2024 with important dates and details. It will include the issue price, allotment date, and much more. Read the information available below about the top Initial Public Offer to open in January 2024.
IPOs to Open in January 2024 Know Important Details
The list is available below with all the necessary details about the IPOs Jyoti CNC Automation, Medi Assist Healthcare, Mukka Proteins, SPC Life Sciences, and Allied Blenders. The upcoming companies going public in January 2024 are as follows –
Jyoti CNC Automation IPO
Jyoti CNC Automation IPO is the first one to hit the market in the second week of January. The face value of the Equity Share is ₹ 2 each aggregating up to ₹ 10,000.00 million. The floor price for the IPO is set at 157.50 times the face value of the equity share. The cap price is set at 165.50 times the face value. The price-to-earnings ratio is 324.52 times at the upper end and the lower end it is 308.82 times. The IPO shares can be purchased in lots of 45 and further in multiples.
The opening date of the Jyoti CNC Automation IPO is Tuesday, January 9, which closes on Thursday, January 11. The date of allotment of the IPO is Friday, January 12. The date of listing of the IPO is Tuesday, January 16.
Medi Assist Healthcare IPO
Medi Assist Healthcare Services Ltd. Is a Bengaluru-based healthcare firm that focuses on administering healthcare benefits. It has a pan-India service which covers 11,000 hospitals from 722 cities (as of 2020). The total IPO size is 28,028,168 shares. The tentative date for Medi Assist Healthcare IPO is 10-12 Jan 2024.
Mukka Proteins IPO
Mukka Proteins Ltd. is primarily engaged in the production of fish oil, fish meal, and fish-soluble paste. It is an animal protein company. The face value of the equity share is ₹ 1 each with fresh equity of 8 crore shares, expected to open later in January.
SPC Life Sciences IPO
SPC Life Sciences Ltd, with a face value of the equity share, is ₹ 10 each. This company manufactures pharmaceutical ingredients. With fresh issuance of shares worth ₹ 300 crore and OFS of 89.39 lakh equity shares. The IPO is likely to launch at the end of the month.
Allied Blenders IPO
Allied Blenders and Distillers, is India’s third-largest IMFL company with a wide range of liquor offered by the company, including whisky, brandy, rum, and vodka. Officer’s choice is its popular brand of packed drinking water. The fresh value of the equity share of the IPO is ₹ 1000 crore and OFS up to ₹ 1000 crore. With face value ₹ 2 each the company aims to raise ₹2000 crores via its IPO.