Alend Finance | Home


Home Blog

Key IPOs to watch out for next week

As the Diwali celebrations wind down and market holidays conclude, Indian investors are bracing for a dynamic week ahead with the launch of four significant initial public offerings (IPOs). The featured IPOs include Gandhar Oil Refinery India, Fedbank Financial Services, Indian Renewable Energy Development Agency (IREDA), and the much-anticipated Tata Technologies IPO. The Securities and Exchange Board of India (SEBI), the capital markets regulator, has granted approval to Fedbank Financial Services, IREDA, EPACK Durable, and Suraj Estate Developers for IPO capital raising. These companies, which submitted preliminary IPO papers between July and September, received observation letters from SEBI between October 30 and November 10, indicating a green light for their IPO launches. This year has witnessed a surge in IPO activity, keeping investors engaged with continuous listings and subscriptions. Analysts anticipate a bustling IPO market post-Diwali for two main reasons. First, state elections are looming, with voting underway in five states, and results slated for December 3. Companies aim to finalize their IPOs before potential market impacts from the political landscape. Second, with general elections scheduled for April and May 2024, companies are striving to secure SEBI clearances and initiate offerings by February or March.

Admin 17-11-2023 : 06:37:49 PM

Get In Touch

Ballygunj Garden, Kolkata


© Alend Finance. All Rights Reserved. Designed by Antik Infotech