IPO Listing: Last week, five big companies including Tata Tech, IREDA raised money from the market through IPO. These five IPOs received a strong response from investors. But the biggest test of these IPOs is going to start from Wednesday. These five IPOs are going to be listed on the stock exchange in the next three trading sessions. And it is going to start with the government sector NBFC IREDA.
IREDA listing on 29th November
The IPO of IREDA (Indian Renewable Energy Development Agency) is going to be listed on the stock exchange on November 29, 2023. The company has raised money from the market at an issue price of Rs 32. IREDA is trading at a premium of Rs 11 in the gray market. That means the share can be listed at around Rs 43 i.e. a premium of 34 percent.
Tata Tech’s explosive listing possible
Tata Tech’s IPO also got an excellent response from investors last week. On November 30, this will be the first time in the last 20 years that a Tata Group company will be listed on the stock exchange. The company has raised money from investors in IPO at an issue price of Rs 500. The stock is trading at a premium of Rs 410 in the gray market. That means listing of IPO is expected around Rs 910. That means the stock can be listed with a bumper jump of 82 percent from its issue price.
Better listing of Gandhar Oil IPO possible
Gandhar Oil’s IPO has also received strong support from investors. The IPO was subscribed 64 times. The company has raised money from the market at an issue price of Rs 169 and the IPO is trading at a premium of around Rs 65 or 39 per cent in the gray market. IPO can be listed around Rs 234 and IPO listing is expected on 30th November itself.
Flare Writing Industries listing this week
The listing of Flair Writing’s IPO is also going to happen this week on December 1, 2023. The IPO has been subscribed 46 times. That means investors have also liked this IPO. The IPO is trading at a premium of Rs 80 or 27 percent in the gray market. That means the IPO is expected to be listed at Rs 384, up Rs 80 from its issue price of Rs 304.
Fedbank Financial listing next week
The IPO of FedBank Financial Services has also received good response from investors. In the gray market, the IPO is trading at a premium of Rs 8 i.e. only 5.71 percent. The company has raised money from the market at an issue price of Rs 140. And the IPO is expected to be listed at Rs 148 on December 5.
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