Indian companies gear up for wave of post-Diwali IPOs

Published 25/10/2023, 14:36
© Reuters.

A flurry of initial public offerings (IPOs) is set to hit the Indian markets post-Diwali, with several companies lining up their public listings. Among these, Honasa Consumer (Mamaearth) and Cello World will commence subscriptions on Monday, October 30, and Tuesday, October 31 respectively, with Honasa wrapping up on Thursday, November 2.

Flair Writing Industries and ESAF Small Finance Bank are also nearing their public listings. The market entry of Flair Writing is likely in late October or early November. Protean eGov Technologies and ASK Automotive are finalizing preparations for their IPOs, anticipated between Monday, November 6, and Friday, November 10.

Blue Jet Healthcare has already launched its IPO with an issue size of Rs 840.27 crore. Tata Technologies' much-anticipated IPO is expected in late November.

Shanthala FMCG Products' subscription will open with an offer price of Rs 91 per share and an issue size of Rs 16.07 crore. Maitreya Medicare's subscription period will run from Thursday, October 27 to Tuesday, November 1, with a price band of Rs 78-82.

IRM Energy is set for listing on NSE and BSE Today after raising Rs 545.4 crore through its IPO. In addition to these companies, several firms including Fedfina (Fedbank Financial Services), Jana Small Finance Bank, Fincare Small Finance Bank, DOMS Industries, Western Carriers, and The Park Hotels are also preparing for their IPOs post-Diwali.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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