Missed Out On DOMS, Inox India IPO Allotment? Here Are 5 Other IPOs Still Open This Week
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After the blockbuster IPO of DOMS Industries, investor appetite for IPOs is still running high, with solid listings for firms like India Shelter Finance and robust demand for Inox India.

All of these IPOs have been oversubscribed and have gained from overall optimism in the market. However, if you missed out on these big-ticket IPOs, here are a few more that are up for grabs this week.

1. Mufti (Credo)

The men’s apparel brand’s IPO is currently underway and will be open for subscription until Thursday, December 21. The IPO price band is set at ₹266 to ₹280 per equity share. The company aims to raise ₹549.78 crore through the initial offer, which is entirely an offer for sale (OFS).

The IPO has received a subscription of 1.19 times by 2:27 PM on the first day, with the retail portion oversubscribed 2.0 times, and the NII portion subscribed 0.89 times.

Shares of Credo Brands Marketing are trading at a premium of ₹126 in the grey market.

2. Electro Force (India)

Electro Force (India)’s IPO, valued at ₹80.68 crores, includes a fresh issue of 60 lakh shares (₹55.80 crores) and an offer for sale of 26.75 lakh shares (₹24.88 crores).

The electrical components and metal/plastic contact parts maker’s subscription period is live now and will end on December 21, with allotment expected on December 22. The IPO is set to list on NSE SME on December 27, at a price of ₹93 per share.

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3. RBZ Jewellers

RBZ Jewellers IPO, with a face value of ₹10 per share, is a book building IPO with a price band set between ₹95 to ₹100 per share. The final price will be determined within this range. This IPO consists entirely of a fresh issue of shares, totaling 1 crore shares at an upper price of ₹100 per share, resulting in an IPO size of ₹100.00 crore.

RBZ Jewellers Ltd will list on both the NSE and the BSE mainboards. Additionally, the Grey Market Price (GMP) for RBZ Jewellers IPO, which provides an indication of the likely listing price, has been steady for the last two days at ₹30 apiece.

4. Happyforge

Happy Forgings’ Limited’s IPO is currently open for subscription and will close on December 21. The price band for the IPO is set at ₹808 to ₹850 per equity share, with the company aiming to raise ₹1,008.59 crore from the offering. Happy Forgings plans to list on both BSE and NSE.

On the first day of bidding, the IPO has been subscribed 1.33 times overall, with the retail portion at 1.90 times and the NII portion at 1.70 times. Additionally, shares of Happy Forgings are trading in the unlisted market at a premium of ₹411. The Grey Market Premium (GMP) today is ₹415 per share, indicating a 48.82% premium to the issue price of ₹1,265 apiece in the grey market.

5. Azad Engineering

Azad Engineering’s IPO subscription is open currently and us set to close on December 22. The company raised ₹221 crore from 20 anchor investors at an upper price band of ₹524 per equity share. The IPO price band is fixed between ₹499 to ₹524 per equity share with a minimum lot size of 28 shares.

The IPO comprises a fresh issue of shares up to ₹240 crore and an offer for sale of up to ₹500 crore. The issue size stands at ₹740 crore.

Azad Engineering, a producer of turbines and aircraft parts, serves original equipment manufacturers in sectors like oil and gas, aerospace, defence and energy. As of today, the grey market premium (GMP) for Azad Engineering IPO is at a premium of ₹440 in the grey market. This suggests that Azad Engineering shares are trading at a premium of 83.97% over the upper IPO price of ₹524, estimating a listing price of ₹964 apiece.

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