Two initial public offerings (IPOs) worth almost Rs 20,000 crore are due to take place on Dalal Street next week, bringing the number of IPOs in December to five. So far this calendar year, we have seen nearly Rs 62,000 crore raised in 36 IPOs. Combined with the two upcoming IPOs, the total funds raised from the Main Board IPO will be close to Rs 64,000 crore.

In December, the fundraising, including two IPOs, will exceed Rs 3,800 crore. Next week’s IPO is tech financial services platform KFin Technologies, which will open for subscriptions from December 19-21.

The company provides services and solutions to asset managers and corporate issuers across asset classes in India and aims to raise Rs 1,500 crore through an offer for sale.

Promoter entity General Atlantic Singapore Fund Pte Ltd will sell shares worth Rs 1,500 crore. The price range for the IPO is fixed at Rs 347-366 per share.

The firm reserves 75% of offers for qualified institutional buyers (QIBs), 15% for high-net-worth individuals (HNIs), and the remaining 10% for retail investors.

Electronics Manufacturing Services (EMS) provider Elin Electronics will open an open tender on December 20 at Rs 234-247 per share.

The public offer will raise Rs 475 crore for the company, comprising a new share issue worth Rs 175 crore and a sale offer of Rs 300 crore by members of the promoter Sethia family.

Proceeds from the new issue will repay debt and fund the expansion of facilities in Ghaziabad (Uttar Pradesh) and Vilna (Goa).

The public issue ends on December 22. Half of the issue size is reserved for QIB, 15% for HNI and 35% for retail investors.

Elin Electronics is a leading manufacturer of end-to-end product solutions for major brands of Lighting, Fans and Small/Kitchen Appliances in India and is one of the largest fractional horsepower motor manufacturers in India.

In addition to the public offering, we have three more companies going public next week, with Sula Vineyards being the first to go public on December 22. India’s largest wine producer closed its public offering on December 14 with 2.33 times the subscription volume.

The other two financial services company Abans Holdings and upscale auto retailer Landmark Cars, will list on December 23 after the market closes on December 15. The former received 1.1 times subscriptions, and the latter received 3.06 times subscriptions.

In the grey market, shares of Sula Vineyards and Landmark Cars traded modestly, analysts said. The grey market is an unofficial platform for trading IPO shares. Typically, investors learn about an IPO’s expected listing price through the grey market.