IPO frenzy all around

It’s a day when IPO market is flooded with choices. That’s right, currently five IPOs are open for subscription and investors are showing a good response in them. So, let’s have a look at all of them.

NBFC company under the government is getting good response from the investors. This is visible from GMP as well as subscription figures. The IPO has been subscribed close to three times. While in grey market it is enjoying a premium of 21.12%

Tata Technologies
The much-awaited IPO from Tata Group is finally here. Investors have been waiting for a long time and now they are showing their interest in the form of impressive subscription numbers. Tata Technologies is an engineering research and development company. It is a subsidiary of Tata Motors.

IPO Details:
Price Band: ₹475 – ₹500 per share
IPO will remain open from: 22 to 24 November
Total Issue Size: ₹3,042.51 Cr
OFS: 3,042.5 Cr
Subscription: 2.54x
GMP: ₹358 per share

It is one of the leading specialty oil manufacturing companies of country. The company is one of the biggest producers of white oil in the world. The objective of the IPO is capital expenditure, loan repayment and working capital requirements.

IPO Details:
Price Band: ₹160 – ₹169 per share
IPO will remain open from: 22 to 24 November
Total Issue Size: ₹500.69 Cr
Fresh Issue: ₹302 Cr

OFS: ₹198.69 Cr

Subscription: 1.25x
GMP: ₹76 per share

The other two IPOs currently open are

It is a subsidiary of Federal Bank. It is NBFC that caters to Self Employeed Individuals and SMEs.

IPO Details:
Price Band: ₹133 – ₹140 per share
IPO will remain open from: 22 to 24 November
Total Issue Size: ₹1,092.26 Cr
Fresh Issue: ₹600.77 Cr
OFS: ₹ 492.26 Cr
Subscription: 47%
GMP: ₹5 per share

It is one of the biggest companies in the stationery space in India. Recently we had also seen one more company that has a business in stationery space. Now another company is looking to raise funds from public.

IPO Details:
Price Band: ₹288- ₹304 per share
IPO will remain open from: 22 to 24 November
Total Issue Size: ₹593 Cr
Fresh Issue: ₹292 Cr
OFS: ₹ 301 Cr
Subscription: 55%
GMP: ₹60 per share