Upcoming IPOs This Week – Primary market geared up for ₹7,300 crore IPOs

It appears that there is an ongoing IPO flurry in the Indian primary market post-Diwali. Six new companies are set to launch initial public offerings (IPOs) to collectively raise over ₹7,300 crore. Among these, Indian Renewable Energy Development Agency and Tata Technologies are noted as the largest IPOs in terms of fundraising. This indicates a robust activity in the IPO space, with companies seeking to raise significant capital from investors in the market. Investors and market participants will likely closely watch these developments and consider the opportunities presented by these IPOs.

IREDA IPO

The Mini Ratna enterprise, Indian Renewable Energy Development Agency (IREDA), is set to open for subscription on November 21 and will close on November 23. The IREDA IPO price band has been fixed at ₹30 – ₹32 per share.

IREDA aims to raise around ₹2150 crores through the IPO, which includes a fresh issue of ₹1290 and an offer for sale of up to 268,776,471 shares of ₹10 each. The allocation for the retail quota is 35%, the Qualified Institutional Buyers (QIB) quota is 50%, and the High Net Worth Individuals (HNI) quota is 15%.

Tata Technologies IPO

Tata Technologies, a subsidiary of Tata Motors, is set to launch its initial public offering (IPO), marking the first IPO from the Tata Group since 2004. The Tata Technologies IPO is scheduled to open for subscription on November 22 and will conclude on November 24. The price band for the Tata IPO has been set at ₹475 to ₹500 per share.

The IPO aims to raise around ₹3043 crores, comprising an offer for sale of up to 60,850,278 equity shares of ₹2 each. The allocation for different categories is as follows: the retail quota is 35%, the Qualified Institutional Buyers (QIB) quota is 50%, the Shareholders Quota is 10%, and the High Net Worth Individuals (HNI) quota is 15%.

Gandhar Oil Refinery India IPO

Gandhar Oil Refinery India Limited, a leading manufacturer of white oils with a growing focus on consumer and healthcare end-industries, is set to open its initial public offering (IPO) for subscription on November 22, with the closing date on November 24. The price band for the Gandhar Oil IPO has been fixed at ₹160 to ₹169 per share.

The IPO aims to raise around ₹501 crores, which includes a fresh issue of ₹302 and an offer for sale of up to 1,17,56,910 equity shares of ₹2 each. The allocation for different categories is as follows: the retail quota is 35%, the Qualified Institutional Buyers (QIB) quota is 50%, and the High Net Worth Individuals (HNI) quota is 15%.

Fedbank Financial Services IPO

Fedbank Financial Services, a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Limited, is set to open its initial public offering (IPO) for subscription on November 22, with the closing date on November 24. The price band for the Fedbank Financial Services IPO has been fixed at ₹133 to ₹140 per share.

The IPO aims to raise around ₹1092 crores, comprising a fresh issue of ₹600 crores and an offer for sale of up to 35,161,723 equity shares of ₹10 each. The allocation for different categories is as follows: the retail quota is 35%, the Qualified Institutional Buyers (QIB) quota is 50%, and the High Net Worth Individuals (HNI) quota is 15%.

Flair Writing Industries IPO

Flair Writing Industries, the largest player in the pens segment by revenue, is scheduled to open its initial public offering (IPO) for subscription on November 22, with the closing date on November 24. The price band for the Flair Writing IPO has been set at ₹288 to ₹304 per share.

The IPO aims to raise around ₹593 crores, consisting of a fresh issue of ₹292 crores and an offer for sale of up to ₹301 crores of ₹5 each. The allocation for different categories is as follows: the retail quota is 35%, the Qualified Institutional Buyers (QIB) quota is 50%, and the High Net Worth Individuals (HNI) quota is 15%.

Rocking Deals IPO

Rockingdeals Circular Economy Ltd is involved in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products. The company is set to open its subscription for an initial public offering (IPO) on November 22, with the closing date scheduled for November 24.

Rocking Deals is an NSE SME IPO with the goal of raising ₹21 crores through the IPO. The price band for the Rocking Deals IPO has been fixed at ₹136 to ₹140 per share, and the market lot is set at 1000 shares.

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