New Upcoming IPO
This week, there will be an influx in the IPO market and 6 companies will present their issues. These include Tata Tech, IREDA, Flair Writing, Fedbank, and other names. IPOs of 5 companies are being launched from 20th November to 24th November. If you want to invest money in any IPO, then let us know about them.
Tata Tech IPO
The first and biggest name on the list of IPOs going to open this week is that of Tata Group, one of the oldest business houses in the country. Investors are eagerly waiting for this and why not? After almost two decades, the IPO of Tata Company is going to open. The price band of this IPO has been fixed at Rs. 475 to Rs. 500.
The target is to raise Rs 3,042.51 crore through an IPO. In the IPO, 60,850,278 equity shares will be issued under an offer for sale. Tata Tech GMP in the gray market is + 351. That means, according to the upper limit of the price band, more than 70 percent profit can be made on the day of listing.
Flair Writing IPO
The IPO of Flair Writing Industries Limited (Flair Writing IPO) will open on 22 November. Bets can be placed on this IPO until 24 November 2023. The price band of this IPO has been fixed at Rs. 288-304. The unlisted stock of Flair Writing Industries Limited is at a premium of Rs. 25 in the gray market. In this, the lot size is 49 shares and the retail investor will have to invest at least Rs 14,896 for one lot.
Gandhar Oil IPO
The IPO of Gandhar Oil Refinery India will open for public bidding on November 22, while the last date for bidding is November 24. Anchor booking for the IPO will take place on 21st November. The company has set the price band per share between Rs 160 to Rs 169. The face value of the shares is Rs 2. Under this issue of Rs 500.69 crore, 29,626,732 shares will be put up for sale. The lot size will be 88 shares and a minimum of Rs 14,872 will have to be invested for this lot.
Fedbank Financial Services IPO
The issue non-banking finance company FedBank Financial Services will open on November 22 and will remain open for investment until November 24. The price band of this IPO is Rs. 133-140 per share. The company has set a target of raising Rs 1,092 crore through an IPO at the upper limit of the price band. Fresh equity shares worth up to Rs 600 crore will be issued. In this, the promoters will offer for sale 3.5 crore equity shares.
Rocking Deals IPO
The IPO of B2B re-commerce company Rocking Deals Circular Economy will open for public subscription on November 22. The company has fixed the closing date of the IPO as November 24, while the price band has been fixed at Rs. 136-140. The face value of the shares is Rs. 10 per share.
Investors investing in this will have to invest Rs. 1.4 lakh for one lot. The total size of this issue, which will be opened for the sale of 1,500,000 shares, is Rs 21 crore. In the gray market, shares of Rocking Deals are trading at + 35, which means that the IPO shares can be listed at Rs 175 with a profit of 25 percent.
IREDA IPO
After Tata Tech, another big IPO is going to come this week. The price band for this IPO of Rs 2150 crore has been fixed at Rs 30-32 per share. There will be a fresh issue of Rs 1290 crore and OFS of Rs 860 crore in the IPO. Under OFS, the government is going to sell its stake in the company. At present, the central government has a 100 percent stake in it. The unlisted stocks of IREDA are trading at a premium of Rs. 8 in the gray market.