The IPO market is buzzing with excitement as Tata Technologies, Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery gear up to launch their initial public offerings (IPOs) on November 22. Investors have until November 24 to make their decisions on these lucrative opportunities. Let’s delve into the details of each offering to help investors make informed choices.
Tata Technologies: Transforming Opportunities
The Rs 3,042.51 crore public offer by Tata Technologies is exclusively an offer-for-sale, comprising 6.08 crore shares, or 15 percent of the paid-up capital. Notably, there is no fresh issue component, indicating that Tata Technologies won’t receive funds from the IPO. The price band is set at Rs 475-500 per share, resulting in a valuation of Rs 20,283 crore at the upper price band.
Industry analysts at IDBI Capital, Reliance Securities, Arihant Capital, and Mehta Equities unanimously advocate a ‘Subscribe’ rating. They highlight the company’s promising business prospects, strong parentage, and improved financials, making Tata Technologies an attractive investment option.
Fedbank Financial Services: Navigating Financial Horizons
Fedbank Financial Services, a non-banking financial company (NBFC), aims to raise Rs 1,092.26 crore through a public offer. The price band is fixed at Rs 133-140 per share, encompassing a fresh issuance of 4.29 crore shares worth Rs 600.77 crore and an offer-for-sale of 3.51 crore equity shares worth Rs 492.26 crore.
Financial experts at Anand Rathi and StoxBox endorse a ‘Subscribe’ recommendation, citing reasonable valuation and the third fastest AUM growth among NBFC peers in India. However, Nirmal Bang takes a ‘Neutral’ stance due to a lower RoA in FY23 compared to the peer average.
Flair Writing Industries: Crafting Success in IPO
Flair Writing Industries enters the IPO scene with a Rs 593-crore offering, featuring a fresh issue of 96.05 lakh shares worth Rs 292 crore and an offer-for-sale of 99.01 lakh shares worth Rs 301 crore. Priced at Rs 288-304 per share, this IPO has garnered a ‘Subscribe’ rating from Choice, Anand Rathi, and StoxBox.
Investors are drawn to Flair Writing Industries due to its commendable financials, reasonable valuation, and a strong presence in the writing instruments industry.
Gandhar Oil Refinery: Fueling Growth
Gandhar Oil Refinery, a white oil manufacturer, aspires to raise Rs 500.69 crore through a public offer. The offering includes a fresh issue of 1.78 crore shares worth Rs 302 crore and an offer-for-sale of 1.17 crore shares worth Rs 198.69 crore. The price band is set at Rs 160-169 per share.
BP Wealth, Swastika Investmart, and StoxBox unanimously recommend a ‘Subscribe’ rating. They highlight Gandhar Oil Refinery’s healthy financial performance, expanding product portfolio, growing overseas business, and fair valuation.
FAQs
Q: When do the IPOs close? A: All four IPOs—Tata Technologies, Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery—will close on November 24.
Q: What is the valuation of Tata Technologies? A: At the upper price band of Rs 500 per share, Tata Technologies is valued at Rs 20,283 crore.
Q: How much does Flair Writing Industries aim to raise? A: Flair Writing Industries aims to raise Rs 593 crore through its IPO.
Q: Why is Nirmal Bang neutral on Fedbank Financial Services? A: Nirmal Bang expresses neutrality due to Fedbank Financial Services delivering a lower RoA in FY23 compared to the peer average.
Q: What is the price band for Gandhar Oil Refinery’s IPO? A: The price band for Gandhar Oil Refinery’s IPO is set at Rs 160-169 per share.
Q: Are these IPOs receiving positive recommendations from analysts? A: Yes, all four IPOs are receiving ‘Subscribe’ recommendations from various analysts, citing reasons such as healthy business prospects, strong parentage, reasonable valuation, and financial performance.
Final:
As the IPO market experiences heightened activity, investors have the opportunity to explore Tata Technologies, Fedbank Financial Services, Flair Writing Industries, and Gandhar Oil Refinery IPOs. The ‘Subscribe’ recommendations from industry experts highlight the potential for growth and value in these offerings. Make informed
