- Date : 15/09/2022
- Read: 3 mins
Check out these exciting upcoming IPOs!
An IPO means when a company issues shares for the people and does it for the first time. There was a break in the IPO fever after February, owing to the tensing up of the stock market. This resulted from inflation, geopolitical factors, and the fear of recession affecting investor sentiment. However, the IPO fever has returned with a boom to Dalal Street.
In case you are not aware, the Securities and Exchange Board of India, or SEBI, is the country's security and commodity market regulator. Recently, several IPO papers have been filed with the SEBI by various companies. Multiple IPOs have been arranged for the week. In August, Syrma SGS Technology became the first company that started to gain shares in the primary market within just two and a half months. The company's IPO opened for subscription on 12th August. But the Initial Public Offers are now getting traction with the IPO market sentiment being reversed. It is only natural to wait for some fresh IPO news at the moment.
Related: IPO valuation: How is the IPO price decided?
Here are some important public issues that you should watch:
1. TamilNad Mercantile Bank IPO - The subscription for TamilNad Bank's IPO opened on 5th September. It has opened at a price band of Rs. 500-525 each. It is scheduled to close on 7th September. Axis Capital, Motilal Oswal, and SBI Capital Markets are the leading managers of this public issue, while Link Intime India is the registrar. The IPO is a fresh issue of shares worth Rs. 1.58 crores. It comes with a face value of Rs. 10 each. Thus, the combined value equals Rs. 831.6 crores, according to RHP. If the listing proves successful, TamilNad Mercantile Bank will join hands with the peers of CSB Bank, City Union Bank, Karur Vysya Bank, Federal Bank, RBL Bank, and Karnataka Bank, to name a few.
2. Oravel Stays (Oyo IPO) - Oravel Stays Limited, the parent company of OYO, filed a draft RHP or a DRHP with the SEBI in October 2021. The draft was filed to launch Rs. 8,430 crores worth of IPO. Shares worth Rs. 7,000 crores will be freshly issued by the public, and an Offer for Sale or OFS will also be issued for the existing shareholders worth Rs. 1,430 crores in a pre-IPO placement. The DRHP received approval in January 2022, and the IPO would be launched anytime soon. Kotak Mahindra Capital Company, JP Morgan India Private Limited, ICICI Securities, etc., are this public issue's global coordinators and managers.
Related: Multibagger SME IPOs of 2022 with returns of upto 8 times- Did you invest in these multibagger IPOs
3. DreamFolks IPO - DreamFolks is India's largest airport service aggregator platform with a very efficient business model. The DreamFolks IPO has shares worth Rs. 562.10 crores. It was launched on 24th August 2022 at face value of Rs. 2 per share. The Lot size was 46 shares and was listed at BSE and NSE. The promoters of DreamFolks are Liberatha Peter Kallat, Mukesh Yadav, and Dinesh Nagpal.
Various other companies have filed IPO papers with the SEBI, including Fairfax-backed Go Digit, Balaji Solutions, and Concord Biotech, backed by Rare Enterprises, among several others.
Related: How IPOs differ from NFOs?
How do I Analyse IPOs | Top 10 Analysis Parameters for IPOs | CA Rachana Ranade
An IPO means when a company issues shares for the people and does it for the first time. There was a break in the IPO fever after February, owing to the tensing up of the stock market. This resulted from inflation, geopolitical factors, and the fear of recession affecting investor sentiment. However, the IPO fever has returned with a boom to Dalal Street.
In case you are not aware, the Securities and Exchange Board of India, or SEBI, is the country's security and commodity market regulator. Recently, several IPO papers have been filed with the SEBI by various companies. Multiple IPOs have been arranged for the week. In August, Syrma SGS Technology became the first company that started to gain shares in the primary market within just two and a half months. The company's IPO opened for subscription on 12th August. But the Initial Public Offers are now getting traction with the IPO market sentiment being reversed. It is only natural to wait for some fresh IPO news at the moment.
Related: IPO valuation: How is the IPO price decided?
Here are some important public issues that you should watch:
1. TamilNad Mercantile Bank IPO - The subscription for TamilNad Bank's IPO opened on 5th September. It has opened at a price band of Rs. 500-525 each. It is scheduled to close on 7th September. Axis Capital, Motilal Oswal, and SBI Capital Markets are the leading managers of this public issue, while Link Intime India is the registrar. The IPO is a fresh issue of shares worth Rs. 1.58 crores. It comes with a face value of Rs. 10 each. Thus, the combined value equals Rs. 831.6 crores, according to RHP. If the listing proves successful, TamilNad Mercantile Bank will join hands with the peers of CSB Bank, City Union Bank, Karur Vysya Bank, Federal Bank, RBL Bank, and Karnataka Bank, to name a few.
2. Oravel Stays (Oyo IPO) - Oravel Stays Limited, the parent company of OYO, filed a draft RHP or a DRHP with the SEBI in October 2021. The draft was filed to launch Rs. 8,430 crores worth of IPO. Shares worth Rs. 7,000 crores will be freshly issued by the public, and an Offer for Sale or OFS will also be issued for the existing shareholders worth Rs. 1,430 crores in a pre-IPO placement. The DRHP received approval in January 2022, and the IPO would be launched anytime soon. Kotak Mahindra Capital Company, JP Morgan India Private Limited, ICICI Securities, etc., are this public issue's global coordinators and managers.
Related: Multibagger SME IPOs of 2022 with returns of upto 8 times- Did you invest in these multibagger IPOs
3. DreamFolks IPO - DreamFolks is India's largest airport service aggregator platform with a very efficient business model. The DreamFolks IPO has shares worth Rs. 562.10 crores. It was launched on 24th August 2022 at face value of Rs. 2 per share. The Lot size was 46 shares and was listed at BSE and NSE. The promoters of DreamFolks are Liberatha Peter Kallat, Mukesh Yadav, and Dinesh Nagpal.
Various other companies have filed IPO papers with the SEBI, including Fairfax-backed Go Digit, Balaji Solutions, and Concord Biotech, backed by Rare Enterprises, among several others.
Related: How IPOs differ from NFOs?
