Upcoming IPOs: Tata Technologies, IREDA, Gandhar Oil Refinery, Flair Writing Industries, and Fedbank Financial Services

Tata Technologies IPO stands out as one of the most eagerly awaited IPOs, drawing substantial attention from Indian stock market enthusiasts. The Tata group’s return to the IPO arena after nearly two decades has fueled significant anticipation. Investors are optimistic about the IPO’s potential, given the Tata brand, substantial face value, and robust company management.

IREDA IPO – PSU Appeal Post LIC IPO Surge

IREDA, being a Public Sector Undertaking (PSU), is expected to capture public interest, reminiscent of the surge witnessed during the LIC IPO. The government’s stake sale in IREDA has positioned it as an attractive prospect for investors.

Gandhar Oil Refinery IPO – Specialized Business Attraction

Gandhar Oil Refinery IPO, focusing on its niche in the oil refinery sector, is anticipated to garner significant demand due to its specialized business area.

Flair Writing Industries IPO – Strong Brand Presence

Flair Writing Industries, with a strong brand presence in the stationery sector, is expected to capture investor attention, reflecting its robust market position.

Fedbank Financial Services IPO – Responding to RBI Policy Shift

Fedbank Financial Services IPO is likely to draw investor response following the recent regulatory tightening by the Reserve Bank of India (RBI) on Non-Banking Financial Companies (NBFCs).

Expert Insights and Recommendations

Astha Jain, Senior Analyst at Hem Securities, emphasizes the fundamental strength of Tata Technologies, IREDA, and Gandhar Oil Refinery, citing their robust business outlooks and attractive IPO prices. Avinash Gorakshkar, Head of Research at Profitmart Securities, ranks Tata Technologies IPO as the best among the five upcoming offerings, followed by IREDA, Gandhar Oil Refinery, and Fedbank Financial Services IPO.

Arun Kejriwal, Founder of Kejriwal Research and Investment Services, predicts strong market interest in all five IPOs but highlights the potential challenges for Tata Technologies IPO applicants in securing share allotments due to the overwhelming subscription numbers. Kejriwal suggests prioritizing IREDA IPO for increased chances of share allocation, considering its substantial issue size and lower pricing compared to other offerings.

IPO Launch Dates

IREDA IPO is set to open on November 21, 2023, followed by Tata Technologies IPO, Flair Writing Industries IPO, Gandhar Oil Refinery IPO, and Fedbank Financial Services IPO on November 22, 2023.

Investors are advised to strategically assess the potential for share allotment and prioritize their applications based on market dynamics for these upcoming IPOs.