The Indian stock market is abuzz with anticipation as six companies prepare to debut their initial public offerings (IPOs) in a week slated to raise a cumulative ₹7,300 crore. Leading the charge are prominent players like IREDA, Tata Tech, Fedbank Financial, Flair Writing Industries, Gandhar Oil Refinery India, and Rocking Deals Circular Economy.
IREDA IPO: Powering Renewable Energy InitiativesTATA TECH IPO: Tata Group’s 19-Year Market ReturnFEDBANK FINANCIAL IPO: Diverse Financial SolutionsFLAIR WRITING INDUSTRIES IPO: Crafting Stationery SuccessGANDHAR OIL REFINERY INDIA IPO: Fuelling Growth in Specialty OilsROCKING DEALS CIRCULAR ECONOMY IPO: Revolutionizing Surplus Trading
IREDA IPO: Powering Renewable Energy Initiatives
- Subscription Period: November 21 to November 23
- Price Band: ₹30-32 per share
- IPO Size: ₹2,150 crore
- Key Focus: IREDA, a PSU non-banking financial institution, focuses on promoting and financing projects related to new and renewable energy sources. The IPO aims to raise funds for renewable energy initiatives.
TATA TECH IPO: Tata Group’s 19-Year Market Return
- Subscription Period: November 22 to November 24
- Price Band: ₹475-500 per share
- IPO Size: ₹3,042 crore
- Significance: Marking Tata Group’s return to IPOs after 19 years, Tata Tech plans to raise substantial capital. Shareholders, including Tata Motors, will divest their holdings.
FEDBANK FINANCIAL IPO: Diverse Financial Solutions
- Subscription Period: November 22 to November 24
- Price Band: ₹133-140 per share
- IPO Size: ₹1,092 crore
- Focus Areas: Fedbank Financial Services, an NBFC, offers a range of financial products. The IPO includes both fresh issuance and shares sold by existing shareholders, including Federal Bank.
FLAIR WRITING INDUSTRIES IPO: Crafting Stationery Success
- Subscription Period: November 22 to November 24
- Price Band: ₹288-304 per share
- IPO Size: ₹593 crore
- Industry Niche: Mumbai-based Flair Writing Industries, a stationery manufacturer, aims to capture the market with a diverse range of products. The IPO encompasses funds for the company and selling shareholders.
GANDHAR OIL REFINERY INDIA IPO: Fuelling Growth in Specialty Oils
- Subscription Period: November 22 to November 24
- Price Band: ₹160-169 per share
- IPO Size: ₹501 crore
- Strategic Focus: Gandhar Oil Refinery India, a leading white oils manufacturer, targets growth in specialty oils and lubricants. The IPO comprises funds for company expansion and divestment by existing shareholders.
ROCKING DEALS CIRCULAR ECONOMY IPO: Revolutionizing Surplus Trading
- Subscription Period: November 22 to November 24
- Price Band: ₹136-140 per share
- IPO Size: ₹21 crore
- Unique Proposition: Rocking Deals Circular Economy specializes in bulk trading of surplus inventory and re-commerce products. The IPO introduces a unique player in the circular economy sector.