IPO News: Analysing Tata Tech, Gandhara Oil, Fedbank IPO Performance This Week

IPO News: Many companies launched their initial public offerings (IPOs) in November. This week saw the opening of IPOs in the technology, oil, and banking sectors to investors. All of these initial public offerings had a fluctuating performance. Let us know about major IPOs and their performance analysis. 

 

IPO Recap This Week

Tata Technologies IPO

The IPO for Tata Tech opened on November 22, 2023, and ended on November 24, 2023. Within minutes of opening on the first day of the IPO, it was fully subscribed. In addition, shareholders have subscribed to it 20 times thus far. Experts advised investors to invest for the objective of the company's listing gain and long-term profit.  The company's shares are expected to be listed on the stock market in December 2023.

Gandhara Oil IPO

The IPO for Gandhar Oil concluded on November 24, 2023, with over fifteen times as many subscriptions on the second day. The company’s IPO was priced between Rs 160 and Rs 169 per share. Through anchor investors, the company has raised Rs 150 crore. 

Fedbank Financial IPO

FedBank Financial’s IPO performed poorly in comparison to other IPOs, receiving only 90% of subscriptions.