IPOs to Hit D-Street in the Week Ahead: Sula Vineyards & More

  • Investing.com
  • Stock Market News
IPOs to Hit D-Street in the Week Ahead: Sula Vineyards & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The week starting Dec 11, 2022, is packed with three initial public offerings (IPO) listings on the domestic market, with the country’s largest winemaker Sula Vineyards launching its public issue on Dec 12.

The upcoming three IPOs are expected to collectively value over Rs 1,800 crore, setting the stage for public issues in December after the previous month witnessed ten listings.

The Nashik-based Sula Vineyards will roll out its IPO on Dec 12 at a price band of Rs 340-357/share, closing the offer on Dec 14. The company plans to generate over Rs 960 crore by issuing almost 3 crore equity shares through the listing.

The financial services provider Abans Holdings will launch its IPO on Dec 12, closing the issue on Dec 15 and offering its shares in the range of Rs 256-270 apiece. The NBFC looks forward to raising a sum of over Rs 345 crore through the offer by issuing a total of 1.28 crore of its shares.

The next company launching its IPO in the week ahead is the auto retailing company Landmark Cars. 

The premium auto retailer, flaunting the dealerships of some top-tier auto biggies like Mercedes-Benz, Jeep, Volkswagen (ETR: VOWG_p ), and others, will float its IPO on Dalal Street on Dec 13 and close the offer on Dec 15.

The maiden listing is targeted to raise a hefty sum of Rs 552 crore by issuing almost 1.1 lakh crore shares set to be offered at a price band of Rs 481-506 apiece.

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