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Upcoming IPOs in November 2023

01 Nov 2023

Introduction:

2023 was a landmark year for the Indian stock market investors in several ways. It witnessed both the Nifty and the Sensex breaching their all-time high figures and the launch of a multitude of IPOs that have given above-par returns. The top IPOs of 2023 include Cyient DLM Limited, Netweb Technologies, SBFC Finance, Concord Biotech, and Utkarsh Small Finance Bank Ltd, among others.

As we approach the penultimate month of this year, several high-profile IPOs are on the horizon. Investors are eagerly waiting for these IPOs as they offer the opportunity to invest in promising companies and become a part of their growth stories. 

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Upcoming IPOs In November 2023

  • Cello World Limited IPO

The first on this list of upcoming IPOs in November 2023 is Cello World Limited's IPO. It is a famous Indian consumer product company that manufactures and sells stationery items, plastic furniture, consumer housewares, and related products. The company boasts over 60 years of experience in the industry and has 13 manufacturing units at five different locations in India. 

Through its Initial Public Offer, the company plans to raise approximately Rs. 1900 crores and achieve the benefits of share market listing. Retail investors can apply for a minimum of 23 shares (one lot) and in multiples thereof within the price band of Rs. 617 to Rs. 648 per share. The shares are expected to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 9 November 2023.

  • Honasa Consumer Limited IPO

Honasa Consumer Limited is another company that has announced its IPO for November 2023. It is the parent company of the popular cosmetics brand “Mamaearth”. The Gurugram-based firm was launched by the husband-wife duo Varun and Ghazal Alagh in 2016. 

Through its IPO comprising more than 41 million equity shares, Honasa Consumer Ltd. plans to raise approximately Rs. 365 crores from public investors. The company has fixed the price band for the IPO in the range of Rs. 308 to Rs. 324 per share. Retail investors can apply for a minimum of 46 shares and in multiples of 46 after that.

The IPO will remain open for public investors till 2 November 2023 and the shares may get listed on the exchanges on 10 November 2023.

  • Tata Technologies IPO

Tata Technologies IPO is one of the most anticipated IPOs of 2023. After much anticipation, this IPO can finally hit the stock market in the middle of November 2023. It will be the first initial public offering of the Tata Group in nearly two decades. The issuing company is a leading service provider in India across multiple verticals, including engineering, designing, Information Technology, and product lifecycle management. 

As per the estimates, Tata Technologies IPO would comprise an offer for sale of 95,708,984 equity shares worth approximately Rs. 12,000 crores. The shares are expected to get listed on both the NSE and the BSE by the second half of November 2023. Other details, such as price band, lot size, etc., will be made available soon.

  • EbixCash Limited IPO

EbixCash Limited is a Noida-based technolog- enabled digital service provider in the B2C and B2B segments. The company’s business can be divided into four verticals – payment solutions, travel, financial technologies, and Business Process Outsourcing (BPO). It is one of the leading companies in its sector.

With an estimated size of approximately Rs. 6,000 crores, the EbixCash Limited IPO could be one of the biggest IPOs in November 2023. With the money raised, the company plans to finance the working capital requirements of its subsidiaries and undertake acquisitions and investments. Other details of the IPO are expected to be out soon.

  • Imagine Marketing Limited IPO

Imagine Marketing Limited IPO is the parent company of the popular electronic accessories brand – Boat. It has already got approval from the Securities and Exchange Board of India (SEBI) to raise Rs. 2,000 crores through an IPO comprising an offer for sale of Rs. 900 crores and a fresh issue of Rs. 1,100 crores. The company plans to use the proceeds of the issue to repay existing debts and meet general corporate activities.

To conclude

The excitement surrounding the upcoming IPOs in November 2023 reflects the continued vibrancy of India’s capital markets. Both retail and institutional investors are keen to invest in these opportunities to gain long-term profits. If you need a Demat account to invest in these IPOs, you can turn towards Motilal Oswal.

 

Related Articles:  How to Analyse an IPO | What is IPO Grading? | What is Cut Off Price In IPO Application 

 

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