In this article, we are going to analyze the IPO this week as now is on its ending. So this week the Dalal Steet has remained buzzing as the 6 new companies have geared up to raise Rs. 7,300 crore. The primary market is completely set as it keeps buzzing in the upcoming week total of six new companies are tapping Dalal Street so that it can raise more than Rs. 7,300 crore through an initial public offering (IPO). Now to all the details regarding the reports of IPO this week, so read this article till the end and do not miss any line of this article if you want to learn the clear information.
According to the reports, the primary market is all set to remain buzzing in the upcoming week as a total of 6 new companies are tapping into Dalal Street so that it can raise over Rs. 7,300 crore by initial public offering (IPO). Sources had revealed that Tata Technologies and the Indian Renewable Energy Development Agency (IREDA) are the biggest companies among the six new companies. If we look at the number of IPOs, so the shares of India in the global pie have increased greatly. Scroll down to learn more about the reports.
In the year 2021, the shares of India in the total number of IPOs globally stood at 6%. And then it got surged to 11% in the next year which means in 2022. And in the half of this year which means in 2023, the shares of India in the number of global IPOs has officially risen to 13%. This report has been officially shared by the Managing Director of Pantomath Capital Advisors Private Limited, Mahavir Lunawat. If we look at Tata Technologies IPO the most awaited is going to open for subscription on 22nd November 2023 and then it is going to close on 24th November 2023. Tata Technologies has fixed the price band of Rs. 475 to Rs. 500 per share. It has been claimed that this is the first IPO of this company after around 19 years.
If we look at the IREDA IPO the Mini Ratna enterprise is one of the companies that is in the six IPOs in the mainboard segment. The subscription of the company is going to open on 21st November 2023 and then it is going to close on 23rd November 2023. The company has fixed the price band which is between Rs. 30 to Rs. 32 per share.