IPO News Updates: This week has brought many opportunities for people investing in the stock market through IPOs. Along with Tata Technologies, the IPOs of Flare Writing Industries Ltd, Fed Bank Financial Services Ltd, Gandhar Oil Refinery India Ltd and Indian Renewable Energy Development Agency Ltd have opened today.
1- IPO of Flair Writing Industries Ltd
Price Band – Price per share Rs. 288 to Rs. 304 has been determined.
Lot Size – of 49 shares.
list – The company will be listed on both BSE and SME.
IPO Dates – From 22 November to 24 November 2023
On Flair Writing Industries’ IPO, Arun Kejriwal, founder of Kejriwal Research and Investment Services, says, “This issue will do well. This is a good opportunity for long-term and medium-term investors.” However, Mohit Gulati, CIO of ITI Growth Opportunities Fund, has a different view. They are talking about abandoning this IPO.
2- Fed Bank Financial Services IPO (Fedbank Financial Services Ltd)
Price Band – per share Rs. 133 to Rs. 140
Lot Size – 107 shares
IPO Dates – 22 November to 24 November 2023
list – The company will be listed on both BSE and NSE.
I don’t want to bet on this IPO after the new RBI guidelines,” says Mohit Gulati, CIO, ITI Growth Opportunities Fund. At the same time, Arun Kejriwal says that the company’s valuation looks higher after the Reserve Bank’s new guidelines.
3- Gandhar Oil Refinery India IPO (Gandhar Oil Refinery India Limited)
Price Band – per share Rs. 160 to Rs. 169
Lot Size – 88 shares
IPO Dates – 22 November to 24 November 2023
Arun Kejriwal is considering the IPO of Gandhar Oil Refinery as a good investment for the short and medium term. Expert Mohit Gulati says about this stock that it is a good issue. There are benefits of subscribing to this.
4- Indian Renewable Energy IPO (IREDA IPO)
Price Band – per share Rs. 30 to Rs.32.
Lot Size – 460 shares
IPO Dates – 21 November 2023 to 23 November 2023
Avinash Gorakshkar, Head Research, Profitmart Securities, says Indian renewable energy can provide a good long-term opportunity. However, profits from IPOs may be limited on the day of listing.
5- Tata Technologies Ltd IPO
Price Band – per share Rs. 475 to Rs. 500
Lot Size – 30 shares
IPO Dates – 22 November to 24 November 2023
list – BSE SME
Expert Arun Kejriwal says, “Tata Technologies’ IPO looks very attractive for the next 3 to 5 years. However, the issue size is small.” Avinash Gorakhskar also seems bullish on this IPO.