This week will be a busy week for the IPO investors and Dalal Street. There are 5 mainline IPOs and 1 SME IPO to hit the market. The list of Mainline Upcoming IPOs includes names like IREDA, Tata Technologies, Gandhar Oil Refinery India, Fedbank Financial Services. Flair Writing Industries while the SME IPO is Rocking Deals.
The grey market looks active for big names like IREDA and Tata Technologies while Gandhar Oil looks good as well. Rocking Deals rocked with some good numbers while Flair Writing shows some good heads up in the early trade. Fedbank Financial Services grey market started well but somehow it went down after less demand.
IREDA IPO
The Mini Ratna enterprise, IREDA aka Indian Renewable Energy Development Agency is going 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 IPO to raise around ₹2150 crores via IPO that comprises fresh issue of ₹1290 and offer for sale up to 268,776,471 Shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Tata Technologies IPO
Tata Motors’ arm Tata Technologies IPO will be the first Tata Group IPO since 2004. Tata Technologies is going to open for subscription on November 22 and will close on November 24. The Tata IPO price band has been fixed at ₹475 to ₹500 per share.
Tata Technologies IPO to raise around ₹3043 crores via IPO that comprises offer for sale up to 60,850,278 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, Shareholders Quota is 10%, and HNI is 15%.
Gandhar Oil Refinery India IPO
Gandhar Oil Refinery India Limited is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries. Gandhar Oil is going to open for subscription on November 22 and will close on November 24. The Gandhar Oil IPO price band has been fixed at ₹160 to ₹169 per share.
Gandhar Oil IPO to raise around ₹501 crores via IPO that comprises fresh issue of ₹302 and offer for sale up to 1,17,56,910 equity shares of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Fedbank Financial Services IPO
Fedbank Financial Services is a retail-focused non-banking finance company (NBFC) promoted by The Federal Bank Limited. Fedbank Financial Services is going to open for subscription on November 22 and will close on November 24. The Fedbank Financial Services IPO price band has been fixed at ₹133 to ₹140 per share.
Fedbank Financial Services IPO to raise around ₹1092 crores via IPO that comprises fresh issue of ₹600 crores and offer for sale up to 35,161,723 equity shares ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Flair Writing Industries IPO
Flair Writing Industries is the largest player in the pens segment reporting revenue. Flair Writing is going to open for subscription on November 22 and will close on November 24. The Flair Writing IPO price band has been fixed at ₹288 to ₹304 per share.
Flair Writing IPO to raise around ₹593 crores via IPO that comprises fresh issue of ₹292 crores and offer for sale up to ₹301 crores of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Rocking Deals IPO
Rockingdeals Circular Economy Ltd engaged in bulk trading of excess inventory, open-boxed inventory, re-commerce products, and refurbished products. Rocking Deals is going to open for subscription on November 22 and will close on November 24.
Rocking Deals is an NSE SME IPO to raise ₹21 crores via IPO. The Rocking Deals IPO price band is fixed at ₹136 to ₹140 with a market lot of 1000 shares.
