This week might be a hectic week for the IPO traders and Dalal Street. There are 5 mainline IPOs and 1 SME IPO to hit the market. The listing of Mainline Upcoming IPOs contains names like IREDA, Tata Technologies, Gandhar Oil Refinery India, Fedbank Financial Services. Flair Writing Industries whilst the SME IPO is Rocking Deals.
The gray market appears lively for giant names like IREDA and Tata Technologies whilst Gandhar Oil appears just right as neatly. Rocking Deals rocked with some just right numbers whilst Flair Writing presentations some just right heads up within the early business. Fedbank Financial Services gray market began neatly however one way or the other it went down after much less call for.
The Mini Ratna endeavor, IREDA aka Indian Renewable Energy Development Agency goes to open for subscription on November 21 and can shut on November 23. The IREDA IPO value band has been fastened at ₹30 – ₹32 according to proportion.
IREDA IPO to lift round ₹2150 crores by means of IPO that accommodates contemporary factor of ₹1290 and be offering for sale up to 268,776,471 Shares of ₹10 every. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Tata Motors’ arm Tata Technologies IPO would be the first Tata Group IPO since 2004. Tata Technologies goes to open for subscription on November 22 and can shut on November 24. The Tata IPO value band has been fastened at ₹475 to ₹500 according to proportion.
Tata Technologies IPO to lift round ₹3043 crores by means of IPO that accommodates be offering for sale up to 60,850,278 fairness stocks of ₹2 every. The retail quota is 35%, QIB is 50%, Shareholders Quota is 10%, and HNI is 15%.
Gandhar Oil Refinery India Limited is a number one producer of white oils with a rising focal point at the shopper and healthcare finish-industries. Gandhar Oil goes to open for subscription on November 22 and can shut on November 24. The Gandhar Oil IPO value band has been fastened at ₹160 to ₹169 according to proportion.
Gandhar Oil IPO to lift round ₹501 crores by means of IPO that accommodates contemporary factor of ₹302 and be offering for sale up to one,17,56,910 fairness stocks of ₹2 every. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Fedbank Financial Services is a retail-targeted non-banking finance corporate (NBFC) promoted by means of The Federal Bank Limited. Fedbank Financial Services goes to open for subscription on November 22 and can shut on November 24. The Fedbank Financial Services IPO value band has been fastened at ₹133 to ₹140 according to proportion.
Fedbank Financial Services IPO to lift round ₹1092 crores by means of IPO that accommodates contemporary factor of ₹600 crores and be offering for sale up to 35,161,723 fairness stocks ₹10 every. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Flair Writing Industries is the biggest participant within the pens section reporting earnings. Flair Writing goes to open for subscription on November 22 and can shut on November 24. The Flair Writing IPO value band has been fastened at ₹288 to ₹304 according to proportion.
Flair Writing IPO to lift round ₹593 crores by means of IPO that accommodates contemporary factor of ₹292 crores and be offering for sale up to ₹301 crores of ₹5 every. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Rockingdeals Circular Economy Ltd engaged in bulk buying and selling of extra stock, open-boxed stock, re-trade merchandise, and refurbished merchandise. Rocking Deals goes to open for subscription on November 22 and can shut on November 24.
Rocking Deals is an NSE SME IPO to lift ₹21 crores by means of IPO. The Rocking Deals IPO value band is fastened at ₹136 to ₹140 with a market lot of 1000 stocks.
– Source : IPOWATCH