Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Which upcoming IPO is better?

Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Five initial public offerings on the main board (IPO) – Tata Technologies IPO, Indian Renewable Energy Development Agency or IREDA IPO, Gandhar Oil Refinery IPO, Flair Writing Industries IPO and Fedbank Financial Services IPO are impacting the Indian primary market this next week. These five upcoming IPOs are worth it 7,378 crore would definitely confuse investors as to which IPO they should go for as most of these public offerings are expected to fetch a good listed gain.

According to stock market experts, there is a lot of hype around the Tata Technologies IPO as it is one of the most anticipated initial public offerings among Indian primary investors. More importantly, the Tata group is coming up with an IPO after a gap of almost two decades. Hence, large face value and better corporate governance are expected to benefit Tata Technologies IPO.

IREDA is a PSU so it is expected to attract public attention as we have seen in case of LIC IPO. The Gandhar Oil Refinery IPO is expected to remain popular, as the name suggests due to its business scope. Flair Writing Industries is also expected to attract the attention of investors as the company has a strong brand presence in the stationery sector. However, Fedbank Financial Services IPO is expected to get a muted response from investors due to RBI’s recent tightening policy on NBFCs.

Which upcoming IPO is best?

Speaking on which upcoming IPO may fetch the highest listing premium, Astha Jain, Senior Research Analyst at Hem Securities said, “From a fundamentals perspective, Tata Technology Ltd, IREDA Ltd and Gandhar Oil look strong Refinery Ltd as all these companies are expected to retain theirs. near future business and all these companies have offered their shares at attractive valuations. It is expected that these companies will list at a reasonable listing premium as well. Brand Tata is expected to score on others.”

Listing his pick among the 5 upcoming IPOs, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “From a fundamentals perspective, Tata Technologies IPO is the best among these 5 upcoming IPOs. Continued Tata Technologies IPO at IREDA IPO, Gandhar Oil Refinery IPO and Fedbank Financial Services IPO.”

Risk for Tata Technologies IPO applicants

Speaking about these five upcoming IPOs, Arun Kejriwal, Founder at Kejriwal Research and Investment Services said, “All these 5 upcoming IPOs are expected to fetch a reasonable listing premium. But, Tata Technologies IPO may fetch a premium giving higher subscription than others.But, yes One would get subscription gain only when he gets shares through allotment process Tata Technologies IPO is expected to attract maximum amount of money available in the market and as so it could come out with a strong number of subscriptions. So, due to higher number of subscriptions, share allocation might decrease. So, Tata Technologies’ IPO applicants will have less chance of share allocation.”

IREDA chose IPO ahead of Tata Technologies IPO

Kejriwal said Tata Technologies IPO is expected to fetch higher listing premium followed by IREDA IPO, Flair Writing Industries IPO, Gandhar Oil Refinery IPO and Fedbank Financial Services IPO. He, however, argued that one would get the subscription premium only when he has shares in the claim account on the date of subscription of the shares. Therefore, the probability of allotment of shares should be the first priority of an investor.

“Since the Tata Technologies IPO is expected to attract the maximum bid when it opens on 22nd November 2023, an astute investor is expected to look at IREDA IPO as it is the second best after Tata Technologies among these 5 upcoming IPOs By applying for IREDA IPO, an investor will have a greater chance of getting shares through the allotment process As the issue size is large and the price is low, there is a chance of getting a number higher shares in IREDa IPO compared to other upcoming IPOs. act smart and choose IREDA among the five IPOs on the main program next week.”

Details of upcoming IPO

IREDA IPO will open on 21 November 2023 ie Tuesday next week whereas Tata Technologies IPO, Flair Writing Industries, Gandhar Oil Refinery IPO and Fedbank Financial Services IPO will hit the primary market on 22 November 2023 ie Wednesday next week.

Disclaimer: The above opinions and recommendations are the opinions and recommendations of individual analysts or brokerage firms, and are not the opinions of Mint. We encourage investors to check with certified experts before making any investment decision.

Milestone Alert!Livemint tops the charts as the fastest growing news website in the world 🌏 Click here for more information.

Get the latest Business News, Market News, Breaking News Events and News Updates on Live Mint. Download the Mint News App for Daily Market Updates.


Updated: 18 November 2023, 09:29 AM IST

Denial of responsibility! vismuseum.org.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at loginhelponline@gmail.com The content will be deleted within 24 hours.

Read original article here

Leave a Comment