Upcoming IPO: Half a Dozen Companies Bringing IPOs in the Festive Season – Complete List

Upcoming IPO

The Diwali season is an auspicious time in India, marked by celebrations, festivities, and the spirit of renewal. It’s also a time when many companies aim to capitalize on the positive sentiment and raise capital through Initial Public Offerings (IPOs).

In the midst of the Diwali celebrations, several companies are gearing up to make their debut on the stock exchange.

Before the auspicious occasion of Diwali, which falls on November 10th, two prominent companies have announced their plans to launch IPOs, promising an exciting Diwali IPO rush.

These two companies are Honasa Consumer, the parent company of Mamaearth, and Cello World.

Mamaearth’s Parent Company – Honasa Consumer

One of the most anticipated IPOs during this festive season is that of Honasa Consumer, the parent company of Mamaearth. This IPO is set to open for subscription on October 31st, just before the commencement of Diwali.

The anticipation for this IPO is significant, given Mamaearth’s reputation as a rapidly growing brand in the personal care and wellness industry.

Mamaearth, known for its natural and toxin-free products, has gained a strong foothold in the market, making its parent company’s IPO a subject of much interest.

Cello World

Cello World is another prominent company planning to launch its IPO ahead of Diwali. The company’s IPO will be open for subscription starting on October 30th.

Cello World is renowned for its extensive range of plastic and consumer products, and its decision to go public is expected to draw substantial attention from investors.

The simultaneous launch of these IPOs showcases the confidence of these companies in the current market conditions, and their choice to go public during the festive season indicates a desire to ride the wave of positive investor sentiment.

Additional Companies Joining the IPO Rush

Besides Honasa Consumer and Cello World, several other companies are in the final stages of preparations for their public listings.

These include Flair Writing Industries, ESAF Small Finance Bank, Protean eGov Tech, and ASK Automotive. The anticipation around these IPOs is palpable.

1. Flair Writing Industries: According to reports, the IPO of Flair Writing Industries is likely to open in the last week of October or the first week of November. The company is well-known for its writing instruments and stationery products.
2. Protean eGov Tech: Protean eGov Tech is another company expected to enter the IPO fray. Investors can likely subscribe to its IPO between November 6 and November 10. Protean eGov Tech is a player in the digital technology sector, and its IPO is anticipated with considerable interest.
3. ASK Automotive: ASK Automotive is also in the final stages of preparing for its IPO, expected to be open for subscription between November 6 and November 10. This company operates in the automobile components sector, and its public offering holds potential for investors.

The simultaneous presence of these IPOs in the market can be referred to as the “Diwali IPO Rush.”

This flurry of IPO activity is a testament to the optimism and enthusiasm prevailing in the market during the festive season, and it provides investors with a multitude of options to consider.

Blue Jet Healthcare’s Ongoing IPO

Blue Jet Healthcare is already ahead of the pack, having initiated its IPO with an issue size of Rs 840.27 crore. The company’s IPO is currently open for subscription.

Blue Jet Healthcare’s decision to launch its IPO during this period underlines the belief in the current market’s potential and the willingness to seize the opportunity.

Tata Technologies’ Anticipated IPO

In addition to these, investors have been eagerly awaiting the IPO of Tata Technologies, a prominent player in the IT and engineering solutions sector.

It is expected that Tata Technologies’ IPO will open for subscription in the last week of November, following the Diwali celebrations.

Tata Technologies’ IPO is expected to generate significant interest given its established presence in the industry and the technology sector’s continued growth.

SME Segment Offerings

The SME (Small and Medium Enterprises) segment also contributes to the Diwali IPO fervor. Shanthala FMCG Products is among the SME companies that are opening their IPO for subscription.

The subscription window for Shanthala FMCG Products is from October 27th to October 31st. The company aims to raise Rs 16.07 crore with an offer price of Rs 91 per share.

Maitreya Medicare is another player in the SME segment that’s set to make its debut in the stock market.

The subscription for Maitreya Medicare’s IPO will be open from October 27th to November 1st, and its price band has been fixed at Rs 78-82. SME IPOs often appeal to investors looking for opportunities in emerging businesses, and these offerings provide a diversified choice in the IPO landscape.

Mainboard Segment Offerings

In the mainboard segment, there is much to look forward to as well. IRM Energy is set to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 26th. The company has successfully raised Rs 545.4 crore through its IPO.

The debut of IRM Energy in the stock market is likely to be closely watched, as it’s a significant event in the mainboard segment.

Upcoming IPOs Beyond Diwali

The IPO activity doesn’t end with Diwali. Several other companies, including microfinance institutions, have lined up to launch their IPOs in the coming months. Here’s a glimpse of what’s in store:

• FedFina (Fedbank Financial Services): This microfinance institution is gearing up for its IPO.
• Jana Small Finance Bank: Known for its focus on financial inclusion, Jana Small Finance Bank is also preparing to enter the IPO arena.
• Fincare Small Finance Bank: Another player in the small finance banking sector, Fincare Small Finance Bank, is looking to tap the IPO market.
• DOMS Industries: This company is set to join the list of IPO contenders, contributing to the growing choices for investors.
• Western Carriers: Western Carriers is planning to offer its IPO to the public.
• The Park Hotels: The hospitality sector will also see activity in the IPO space, with The Park Hotels preparing for its IPO.

The post-Diwali period seems set to witness a flurry of IPOs across diverse sectors, offering investors a wide array of options to consider and adding to the excitement in the stock market.

Final Remarks

The Diwali IPO rush is not merely a reflection of the festive season; it’s a manifestation of the buoyant market conditions and the confidence of various companies to tap into this positivity.

The diversity of sectors represented among these IPOs provides investors with a rich tapestry of opportunities. From well-established brands like Tata Technologies to emerging businesses in the SME segment, there’s something for investors with varying risk appetites.

Additionally, the post-Diwali period holds promise with the entry of microfinance institutions and other companies seeking to make their mark in the stock market. These IPOs are not just about raising capital; they signify the growth and dynamism of India’s corporate landscape.

Investors will closely follow these IPOs, examining financials, market dynamics, and growth potential. The Diwali season, with its confluence of positive sentiments and financial opportunities, has indeed become a strategic window for companies to launch their IPOs.

Whether it’s the household name of Mamaearth’s parent company or the lesser-known players in various sectors, these IPOs collectively contribute to the vibrant economic landscape of India, making the Diwali season all the more special for investors and the business community.