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IPOs This Week: 6 Companies Set to Unleash IPO Frenzy This Week

In a week that promises heightened activity, Dalal Street is gearing up for the launch of initial public offerings (IPOs) by six new companies, signaling a potential frenzy in the financial market. The surge in India’s presence on the global IPO stage is evident, with Mahavir Lunawat, Managing Director of Pantomath Capital Advisors Pvt. Ltd, noting a remarkable increase. Starting at 6% in 2021, India’s share in global IPOs climbed to 11% in 2022 and further surged to an impressive 13% in the first half of 2023.


Tata Technologies Leads the Charge

The highly anticipated IPO of Tata Technologies is set to open for subscription from November 22 to November 24. With a price band of ₹475 – ₹500 per share, this marks the return of the Tata Group to the IPO landscape after nearly 19 years. The engineering services firm, valued at over ₹20,000 crore, aims to raise ₹3,042.51 crore through the Offer for Sale (OFS), featuring Tata Motors, Alpha TC Holdings Pte Ltd, and Tata Capital Growth Fund I as participating selling shareholders.


IREDA IPO – A Mini Ratna’s Debut

Among the first in the mainboard segment, the IREDA IPO will open for subscription on November 21, closing on November 23. Priced at ₹30 – ₹32 per share, this Mini Ratna enterprise aims to raise over ₹2,150.21 crore. The IPO includes a new offering of 40.31 crore equity shares valued at ₹1,290.13 crore by the company, coupled with a government offer-for-sale (OFS) involving 26.87 crore shares valued at ₹860.08 crore.


Gandhar Oil Refinery India – Crafting Success

The white-oils manufacturer, Gandhar Oil Refinery India, is set to open its IPO for bidding from November 22 to November 24, featuring a price band at ₹160 – ₹169 per share. The Mumbai-based company seeks to raise over ₹500.69 crore, comprising a new issuance of shares valued at ₹302 crore and an Offer for Sale (OFS) of 1.17 crore equity shares totaling ₹198.69 crore.


Fedbank Financial Services Enters the Fray

As the third company launching its IPO in the coming week, Fedbank Financial Services invites subscriptions from November 22 to November 24. Priced at ₹133 – ₹140 per share, this Non-Banking Financial Company (NBFC) aims to raise over ₹1,092 crore. The IPO includes a new issuance of shares valued at ₹600 crore and an offer-for-sale (OFS) featuring 3.5 crore equity shares worth ₹492.26 crore.


Flair Writing Industries – Scripting a New Chapter

Mumbai-based stationery products manufacturer, Flair Writing Industries, is set to debut its IPO from November 22 to November 24, presenting a price band of ₹288 – ₹304 per share. The company aims to raise ₹593 crore through a combination of ₹292 crore in new shares and a ₹301 crore Offer for Sale (OFS) by the Rathod family.


Rocking Deals Circular Economy – A Sustainable Offering

Completing the IPO lineup is Rocking Deals Circular Economy, a B2B re-commerce company. Opening for subscription on November 22 and closing on November 24, the IPO features a share price range of ₹136 – ₹140. The company targets a fundraising goal of ₹21 crore through a fresh issue of shares.


With these offerings, Dalal Street is poised for an exciting week of IPO action, reflecting the dynamic landscape of India’s financial market.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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