India’s IPO market set to welcome six new offerings next week By Investing.com

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<p>MUMBAI – India’s initial public offering (IPO) landscape is gearing up for a busy week ahead, with six companies slated to debut on the mainboard and SME platforms, collectively aiming to raise approximately Rs 2,500 crore ($312 million). This flurry of activity underscores the country’s vibrant capital market environment and the diverse investment opportunities it presents.</p>
<p>At the forefront of these listings is DOMS Industries, a key player in the stationery and art products sector. The company’s IPO, scheduled between Tuesday and Thursday, features fresh equity issuance worth Rs 350 crore ($43.7 million) and an offer for sale (OFS) of Rs 850 crore ($106 million) from its promoters. The enthusiasm for DOMS Industries is palpable, with a grey market premium (GMP) indicating a price of Rs 480 above the upper band of Rs 790 ($9.85), signaling strong investor interest.</p>
<p>The proceeds from DOMS Industries’ IPO are earmarked for expanding production facilities and reinforcing their robust market share in their niche segment.</p>
<p>Adding to the momentum, India Shelter Finance Corporation is set to launch its IPO within a price bracket of Rs 469-473 ($5.85-$5.90), starting from Monday and running through the following Monday. The company seeks to raise fresh capital of Rs 800 crore ($100 million) and an OFS of Rs 400 crore ($50 million), focusing on urban households requiring loans for construction, extension, or renovation. India Shelter Finance’s scalable technology infrastructure underpins its service offerings.</p>
<p>In parallel, Presstonic Engineering has set its sights on raising Rs 23 crore ($2.87 million) starting from Monday. SJ Logistics will open its issue on Tuesday with an aim to raise Rs 48 crore ($6 million). ShreeOSFM E-Mobility has fixed its share price at Rs 65 ($0.81) for its Thursday launch, while Siyaram Recycling will offer shares priced between Rs 43-46 ($0.54-$0.57), beginning on the same day. Both companies are seeking funds to address their future capital requirements.</p>
<p>These upcoming IPOs represent a mix of industries and reflect the dynamic nature of India’s economic growth sectors, offering investors new avenues for participation in the country’s growth story.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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