I agree with Chris. If you install 4 - 3phase circuits in one conduit then you will have 12 ccc in the pipe. The size of the pipe is fine however the derating can be an issue.
Look at Table 310.15(B)(2)(a) for 12 CCC and you must derate the wires by 50%.
If you use #12 THHN then it is rated at 30 amps by Table 310.16. If the nameplate on the a/c call for a load of 15 amps or less then you would be okay otherwise you will not be compliant.