Indian Stock Market Gears Up for New Year with 7 SME Debuts and Ongoing Bidding

Indian stock market

January 1, 2024

New Delhi, India

Year End Market Recap:

The Indian stock market wrapped up a bustling December, witnessing the listing of six companies that collectively raised Rs. 3,910 crore. The year 2023 proved to be an IPO bonanza with 173 SMEs and 52 mainboard listings.

Ongoing IPOs:

As the new year approaches, Kay Cee Energy & Infra Ltd and Kaushalya Logistics Ltd are currently open for IPO bidding. Kay Cee Energy & Infra offers a fresh issue of 29.5 lakh shares with a price band of Rs. 51 to Rs. 54 per share. Meanwhile, Kaushalya Logistics presents a combination of a fresh issue and an offer for sale, with a price band of Rs. 71 to Rs. 75 per share.

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Upcoming Listings:

The excitement continues with upcoming listings of Shri Balaji Valve Components, Manoj Ceramic Ltd, HRH Next Services Ltd, Akanksha Power and Infra Ltd, Sameera Agro and Infra Ltd, and AIK Pipes and Polymers. Investors can anticipate allotments between January 1 and January 4, 2024, with tentative listing dates in early January.

Tentative Schedule:

All eyes are on Kay Cee Energy & Infra, expecting allotment on January 3, 2024, and a tentative listing date set for January 5, 2024. For Kaushalya Logistics, allotment is projected on January 4, 2024, with a tentative listing date on January 8, 2024.


The Indian stock market is poised for an eventful start to 2024, with ongoing IPOs and a lineup of SME debuts. Investors should stay tuned for the allotment results and listing dates, making informed decisions in the evolving market.

Also Read: NSE Shifts Bank Nifty Expiry Day to Wednesdays Starting March 1, 2024


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