Buckle up your seat belt: Unveiling this week’s thrilling IPOs

IPOs have been gaining attention and generating excitement among investors. In this article, we’ll provide a brief overview of the 7 IPOs scheduled to open this week. These consist of 5 IPOs from the main board and 2 IPOs from the SME segment. Collectively, these 7 IPOs aim to raise approximately Rs 7,377 crore, with only Rs 61.76 crore expected from the SME segment. Let’s start with the main board first.

Flair Writing 

Flair is engaged in developing and manufacturing writing instruments that are tailored to the continuously shifting market of today. It was incorporated in 1976. The company possesses various brands, including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and ZOOX.

The IPO is set to open on November 22 and close on November 24, with its eventual listing scheduled for December 05. The total issue size of the company’s IPO amounts to Rs 593 crore, comprising both fresh issues and an offer for sale. The price band is set between Rs 288 and Rs 304, with a lot size of 49 shares.

Fedbank Financial Services 

Fedbank Financial Services Limited, a retail-centric non-banking finance company (NBFC) offers Gold Loans, Home Loans, Loan Against Property (LAP), and Business Loan Services. The company primarily serves clients from the MSME and emerging self-employed individuals (ESEI) sectors.

The IPO is set to open on November 22 and close on November 24, with its eventual listing scheduled for December 05. The total issue size of the company’s IPO amounts to Rs 1,092.26 crore, comprising both fresh issues and an offer for sale. The price band is set between Rs 133 and Rs 140, with a lot size of 107 shares.

Gandhar Oil Refinery India Limited 

Gandhar Oil Limited stands out as a leading producer of white oils, serving the consumer and healthcare sectors. Their diverse portfolio exceeds 350 products, predominantly categorized into three segments: personal care, healthcare, and performance oils (PHPO), lubricants, and process and insulating oils (PIO) sold under the brand “Divyol.”

The IPO is set to open on November 22 and close on November 24, with its eventual listing scheduled for December 05. The total issue size of the company’s IPO amounts to Rs 500.69 crore, comprising both fresh issues and an offer for sale. The price band is set between Rs 160 and Rs 169, with a lot size of 88 shares.

Tata Technologies 

Tata Technologies Limited is a premier global engineering services company providing product development and digital solutions. Their offerings encompass turnkey solutions tailored for global original equipment manufacturers (OEMs) and their tier-1 suppliers. It was incorporated in 1994.

The IPO is set to open on November 22 and close on November 24, with its eventual listing scheduled for December 05. The total issue size of the company’s IPO amounts to Rs 3042.51 crore, comprising only an offer for sale and fresh issues involved in it. The price band is set between Rs 475 and Rs 500, with a lot size of 30 shares.

IREDA 

Indian Renewable Energy Development Agency Limited (IREDA) is a government-owned public limited company. It holds the distinction of being a Mini Ratna (Category – I) government enterprise. It was incorporated in 1987.

The IPO is set to open on November 21 and close on November 23, with its eventual listing scheduled for December 4. The total issue size of the company’s IPO amounts to Rs 2,150.21 crore, comprising both fresh issues and an offer for sale. The price band is set between Rs 30 and Rs 32, with a lot size of 460 shares.

SME Segment:

Swasthik Plascon

Swasthik Plascon specializes in manufacturing PET bottles and PET preforms. Their expertise lies in producing PET bottles for diverse applications, including pharmaceuticals, liquor, FMCG packaging, household items, dishwashing liquids, repellent dispensers, and more. It was incorporated in 2006.

The IPO is set to open on November 24 and close on November 29, with its eventual listing scheduled for December 07. The total issue size of the company’s IPO amounts to Rs 40.76 crore, comprising only fresh issues and no offer for sale involved in it. The price band is set between Rs 80 and Rs 86, with a lot size of 1600 shares.

Rocking Deals 

Rocking Deals specializes in bulk trading of excess inventory, open-boxed inventory, e-commerce, and refurbished products. The company provides a range of services facilitating other businesses to efficiently dispose of their surplus inventory, thereby releasing valuable space and resources. It was incorporated in 2005.

The IPO is set to open on November 22 and close on November 24, with its eventual listing scheduled for November 30. The total issue size of the company’s IPO amounts to Rs 21 crore, comprising only fresh issues and no offer for sale involved in it. The price band is between Rs 136 and Rs 140, with a lot size of 1,000 shares.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.