Great opportunity to earn in share market this week, IPO of these 5 great companies is coming, see the list now
Initial public offerings of companies in the month of November (IPOAmidst the bullish trend in ) next week, five companies including Tata Technologies and Indian Renewable Energy Development Agency (IREDA) are preparing to raise Rs 7,300 crore through IPO. Apart from Tata Technologies and IREDA, these companies that have launched IPO also include FedBank Financial Services, Flair Writing Industries and Gandhar Oil Refinery India.
According to stock market data, these five companies together IPO More than Rs 7,300 crore is expected to be raised through this. Earlier, three companies – ASK Automotive, Proteus eGov Technologies and ESAF Small Finance Bank had launched their public issues at the beginning of the month.
IREDA’s IPO has been awaited for a long time. Its IPO is going to open on 21st November. With this the institute will try to raise Rs 2150 crore. The price band of IPO can be Rs 30-32 per share. There will be a fresh issue of Rs 1290 crore and OFS of Rs 860 crore. The central government has 100 percent stake in IREDA.
Tata Motors (Tata Motors)’s stake in Tata Technology (Tata Technology)’s IPO will be open from November 22 to 24. Its price band is likely to be between Rs 475 to Rs 500. It is completely in Offer for Sale (OFS). A premium of Rs 300 is available in the gray market.
V Prashant Rao, director of investment banking at Anand Rathi Advisors, said the good response from investors to recent public issues and strong macroeconomic fundamentals have increased the readiness to launch new IPOs. He said that several draft documents related to the issue have been filed with market regulator SEBI for approval. This indicates that companies are preparing to launch their IPOs in the coming quarters.
Prashant Rao said that there will be a bullish trend in the IPO market before the general elections. In the first half of the financial year 2023-24, 31 IPOs have been issued in the Indian market, from which Rs 26,300 crore was raised. In the same period of the last financial year, Rs 35,456 crore was raised through 14 IPOs.
