Upcoming IPOs in November 2023

Introduction:

In numerous ways, the year 2023 was a watershed moment for Indian stock market investors. It saw both the Nifty and the Sensex reach all-time highs, as well as the introduction of a slew of IPOs that delivered above-average returns. Cyient DLM Limited, Netweb Technologies, SBFC Finance, Concord Biotech, and Utkarsh Small Finance Bank Ltd are among the top IPOs of 2023.

As the year comes to a close, numerous high-profile initial public offerings (IPOs) are on the horizon. Investors are anticipating these IPOs with bated breath because they provide the opportunity to invest in great firms and be a part of their growth story. 

Upcoming IPOs In November 2023

• Cello World Limited IPO

Cello World Limited is the first on this list of scheduled IPOs in November 2023. It is a well-known Indian consumer goods company that manufactures and sells stationery, plastic furniture, consumer housewares, and other related items. The organization has over 60 years of industry experience and 13 manufacturing plants spread across five different sites in India. 

The company intends to collect roughly Rs. 1900 crores through its Initial Public Offering and reap the benefits of share market listing. Retail investors can apply for a minimum of 23 shares (one lot) and in multiples of that amount between Rs. 617 and Rs. 648 per share. On 9 November 2023, the shares are planned to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

• Honasa Consumer Limited IPO

Honasa Consumer Limited has also announced that it will go public in November 2023. It is the parent firm of the well-known cosmetics line "Mamaearth." Varun and Ghazal Alagh, a husband-and-wife team from Gurugram, founded the company in 2016. 

Honasa Consumer Ltd. intends to raise roughly Rs. 365 crores from public investors through its IPO of more than 41 million equity shares. The price band for the IPO has been set at Rs. 308 to Rs. 324 per share by the business. Retail investors can apply for a minimum of 46 shares and subsequent multiples of 46.

The IPO will be offered to public investors until November 2, 2023, and the shares may be placed on exchanges on November 10, 2023.

• Tata Technologies IPO

The IPO of Tata Technologies is one of the most anticipated IPOs of 2023. After great anticipation, this IPO is set to go public in the middle of November 2023. It will be the Tata Group's first initial public offering in over two decades. The issuing company is a renowned service provider in India, offering services in engineering, design, information technology, and product lifecycle management. 

According to estimates, Tata Technologies' IPO would consist of 95,708,984 equity shares valued around Rs. 12,000 crores. By the second part of November 2023, the shares are projected to be listed on both the NSE and the BSE. Other information, such as the price range and lot size, will be made available soon.

• EbixCash Limited IPO

EbixCash Limited is a digital service provider in the B2C and B2B segments situated in Noida. Payment solutions, travel, financial technologies, and Business Process Outsourcing (BPO) are the four business verticals of the organization. It is one of the market leaders in its field.

With an anticipated valuation of Rs. 6,000 crores, the EbixCash Limited IPO could be one of the largest in November 2023. The funds will be used to fund the working capital needs of the company's subsidiaries as well as acquisitions and investments. Other IPO details are expected to be released soon.

• Imagine Marketing Limited IPO

The IPO of Imagine Marketing Limited is the parent company of Boat, a well-known brand of electronic accessories. The Securities and Exchange Board of India (SEBI) has already granted authorization for the company to raise Rs. 2,000 crores via an initial public offering (IPO) consisting of a fresh issue of Rs. 1,100 crores and an offer for sale of Rs. 900 crores. The issue proceeds are intended for the repayment of existing obligations and general corporate expenses.

Also read :- Honasa Consumer IPO: A Look At the Buzzworthy Offering

To conclude

The excitement around the planned IPOs in November 2023 indicates India's capital markets' sustained vigor. Both individual and institutional investors are eager to invest in these long-term profit potential. If you need a Demat account to invest in these IPOs, Paytm can help.