Tata Technologies IPO vs IREDA IPO vs Gandhar Oil Refinery IPO: Five main board initial public offerings (IPOs) – Tata Technologies IPO, Indian Renewable Energy Development Agency or IREDA IPO, Gandhar Oil Refinery IPO, Flair Writing Industries IPO and Fedbank Financial Services IPO will hit the Indian primary market next week. These five upcoming IPOs are worth it ₹7,378 crore would definitely cause confusion among investors as to which IPO they should apply for, as most of these public offerings are expected to deliver a good listing gain.
According to stock market experts, significant hype is around Tata Technologies IPO as it is one of the most awaited initial public offerings that Indian major market investors have been waiting for. Most importantly, Tata group is coming up with an IPO after a gap of almost two decades. So, large face value and better corporate governance is expected to benefit Tata Technologies IPO. IREDA is a PSU and hence it is also expected to attract public attention as we have witnessed in the case of LIC IPO. Gandhar Oil Refinery, as name suggests, is expected to remain in demand due to its area of business. Flair Writing Industries is also expected to attract the attention of investors as the company has a strong brand presence in the stationary sector. However, Fedbank Financial Services IPO is expected to feel the heat of RBI’s recent tightening policy on NBFCs.
Which upcoming IPO is better?
Talking about which upcoming IPO may yield highest listing, Astha Jain, Principal Research Analyst at Hem Securities said, “From a fundamental perspective, Tata Technology Ltd, IREDA Ltd and Gandhar Oil Refinery Ltd look strong as all these companies are expected to sustain their business in the near term future and all these companies have offered their shares at attractive valuations.These companies are expected to list on decent listing as well.But, when it comes to best, Tata Technology IPO has an edge over other four upcoming IPOs like ‘Brand Tata’ is expected to win over others.”
Listing his pick among the 5 upcoming IPOs, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “From a fundamental perspective, Tata Technologies IPO is the best among these 5 upcoming IPOs. Tata Technologies IPO is followed by IREDA IPO , Gandhar Oil Refinery. IPO and Fedbank Financial Services IPO.”
Risk for Tata Technologies IPO candidates
Talking about these five upcoming IPOs, Arun Kejriwal, Founder of Kejriwal Research and Investment Services said, “All these 5 upcoming IPOs are expected to give decent listing premium. But, Tata Technologies IPO may give higher listing premium than others. But, there is a catch. One would get listing gain only when it acquires shares through allotment process. Tata Technologies IPO is expected to attract maximum money available in the market and hence it can come out with strong subscription number. So, due to higher subscription numbers, chances. of share allotment would come down . So, Tata Technologies IPO applicants have the least opportunity for share issuance.”
Opt for IREDA IPO before Tata Technologies IPO
Kejriwal went on to add that Tata Technologies IPO is expected to deliver higher listing premium followed by IREDA IPO, Flair Writing Industries IPO, Gandhar Oil Refinery IPO and Fedbank Financial Services IPO. However, he claimed that one would get listing premium only when it has shares in demat account in share listing. Therefore, an investor’s first priority should be the probability of share allocation.
“As Tata Technologies IPO is expected to attract maximum bidding once it opens on November 22, 2023, a smart investor is expected to look at IREDA IPO as this is the second best after Tata Technolgies among these 5 upcoming IPOs. Asking for IREDA IPO, investor will have more chances to get shares through allotment process. As the issue size is big and price is low, chances of getting higher number of shares are in IREDA IPO compared to other upcoming IPO. So, I would suggest investor to act wisely and pick IREDA among the five mainboard upcoming IPOs next week.”
Details of upcoming IPOs
IREDA IPO will open on November 21, 2023 i.e. Tuesday next week, while Tata Technologies IPO, Flair Writing Industries, Gandhar Oil Refinery IPO and Fedbank Financial Services IPO will reach main market on November 22, 2023 i.e. Wednesday next week.
Disclaimer: The views and recommendations made above are those of individual analysts or trading companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.
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Updated: 18 Nov 2023, 09:24 IST