Upcoming IPOs in November 2023

Initial Public Offerings (IPOs) let you invest in the company when it is offering its shares to the public for the first time. In simple terms, IPO is the process through which a private company can go public by sale of its shares to the general public. Companies can raise capital through an IPO by issuing fresh shares to the public, or the current shareholders can sell their shares (in case of an offer for sale) to the public without raising any fresh capital. In the below article, we will look at the upcoming IPOs in November 2023.

IPOs in November 2023

Let us delve into the brief details of upcoming IPOs in November 2023:

Cello World Limited

Cello World is one of India’s most prominent companies in the consumer ware industry. The company also has a decent presence in consumer houseware, writing instruments and stationery, moulded furniture, and allied products categories. Cello World owns/leases and operates 13 manufacturing facilities across 5 locations in India as of March 31, 2023. In addition, it is in the process of establishing a glassware manufacturing facility in Rajasthan.

Cello World Limited’s IPO is a 100% offer for sale (OFS), which comprises 2,93,20,987 shares of ₹5 aggregating up to ₹1,900.00 Cr. The price range of the IPO has been fixed at ₹617 to ₹648  per share. A retail investor can apply for a minimum of one lot containing 23 shares, leading to a total minimum investment of ₹14,904. It will be listed on the BSE and NSE on November 09, 2023.

Honasa Consumer Limited

Honasa Consumer Limited is the largest digital-first Beauty and Personal Care (BPC) company in India by revenue from operations for FY 2023. The company is focused on providing toxin-free beauty products made with natural ingredients. The company’s flagship brand, Mamaearth, offers natural and safe-to-use products. 

Honasa Consumer Limited’s IPO is a mix of fresh issue and offer for sale. The company is likely to raise ₹365.00 Cr from the fresh issue. In addition, the offer for sale (OFS) comprises 4,12,48,162 shares of ₹10 aggregating up to ₹1,336.00 Cr.  The price range of the IPO has been fixed at ₹308 to ₹324 per share. A retail investor can apply for a minimum of one lot containing 46 shares, leading to a total minimum investment of₹14,904. It will be listed on the BSE and NSE on November 10, 2023. 

Conclusion

IPOs could be a win-win situation for investors and companies as they hold value for both. The companies raise capital from the general public by issuing shares without any interest obligation. The investors have a chance to buy shares at a cheaper price and make decent returns in the long term. In addition, IPOs also let investors enjoy listing gain in case the company lists on premium. 

Final Words

Above, we discussed the upcoming IPOs in November 2023. You can check the IPOs section on the Angel One App for more information on upcoming IPOs. If you are new to the stock market, open a demat account with Angel One today.

Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.