With the festive season going on in full swing and Diwali just about two weeks away, India¡¯s stock market too is set to light up, with at least 10 IPOs expected to be launched in the month of November.
The 10 IPO-bound companies are poised to seek more than ?15,000 crore through listing on the stock market, with several among them aiming to launch IPOs around Diwali itself.
1. Cello World
2. Blue Jet
3. Tata Technologies
4. Mamaearth
5. ASK Automotive
6. Protean eGov Technologies
7. Fedbank Financial Services
8. ESAF Small Finance Bank
9. Flair Writing Industries
10. Credo Brands Marketing
Tata Technologies is poised to make its market debut in the second or third week of November. This marks the first issue from India's largest conglomerate, the Tata Group, in nearly two decades. The Tata Group's last IPO was by Tata Consultancy Services (TCS) in 2004.?
According to brokers, the Tata Technologies issue is expected to be priced between Rs 450 and Rs 500 per share and it commands a premium of about Rs 240 in the unofficial market.?Tata Motors, promoter of the company, plans to sell a 9.9% stake in Tata Technologies for Rs 1,613.7 crore to TPG Rise Climate SF Pte and the Ratan Tata Endowment Foundation (RTEF).?Bankers said institutional investors have demonstrated a robust appetite for high-calibre firms throughout the roadshows, as per ET report.
Also Read:?Tata Sons To Go For?IPO?By Sept 2025, All You Need To Know
While Cello World and Blue Jet Healthcare have already announced their IPO dates, companies such as Tata Technologies, Mamaearth, ASK Automotive, Protean eGov Technologies, Fedbank Financial Services, ESAF Small Finance Bank, Flair Writing Industries and Credo Brands Marketing, among others, are in the pipeline for IPOs.?
The ?1,900 crore public issue of Cello World, a leading company in consumer houseware, writing instruments and stationery, will open for public subscription on October 30 and close on November 1. The company has fixed the price band at ?617-648 per share. The ?840 crore IPO of Blue Jet Healthcare will remain open till October 27.
The public issue of Honasa Consumer, the parent of Mamaearth, will likely be launched next week to raise about Rs 1,700 crore. The IPO includes a fresh issue of Rs 400 crore and an offer for the sale of 46.8 million shares from existing investors.
As per the report, non-banking finance company Fedbank Financial Services, promoted by Federal Bank, will launch its Rs 1,400 crore public issue next month. The IPO comprises a fresh issue of up to Rs 750 crore and an offer for sale aggregating up to 70.3 million shares by promoters and other shareholders.?Protean eGov Technologies, formerly NSDL e-Governance Infrastructure, plans to launch an IPO in November to raise around Rs 1,200-1,300 crore.
ASK Automotive, a manufacturer of diverse motorcycle, scooter, and commercial vehicle components, is also in the process of preparing to enter the capital market with a planned offering of Rs 1,000 crore next month.
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