As the financial landscape in India continues to evolve, the month of November 2023 presents a noteworthy intersection of innovation and investment opportunities with the imminent Initial Public Offerings (IPOs) of three prominent companies. Investors and enthusiasts alike are keeping a close eye on Tata Technologies IPO, a stalwart in the technology and engineering solutions sector, Fedbank Financial, a rising star in the financial services domain, and Flair Writing, a company making waves in the stationery and writing instruments industry.
These IPOs not only symbolize the diverse sectors contributing to India’s economic growth but also offer potential investors a chance to partake in the promising journey of these enterprises. In this dynamic landscape, the IPOs of Tata Technologies, Fedbank Financial, and Flair Writing are set to be key focal points, drawing attention from both seasoned investors and those looking to explore new opportunities in India’s burgeoning market.
Tata Technologies IPO
About the Company
Incorporated in 1994, Tata Technologies Limited is a leading worldwide engineering offerings organization. They provide product development and digital answers. This includes turnkey solutions, to international original gadget manufacturers (OEMs) and their tier-1 providers.
Tata Technologies aspire to create fee for his or her customers with the aid of supporting them in the development of merchandise that are more secure, purifier and enhance the satisfactory of lifestyles for the end clients.
With their deep domain expertise in the automobile industry, they have got won high understanding to serve clients in adjoining industries also, inclusive of aerospace and transportation and heavy production equipment.
The operation of Tata Technologies Limited is spread globally. They bring together numerous teams from special sector components with varied skill units to collaborate in real-time and remedy complex engineering problems.
IPO Details
| Factors | Tata Technologies Limited |
| Open Date | 22 Nov, 23 |
| Close Date | 24 Nov, 23 |
| Issue Size | ₹ 3,042.51 Cr |
| Total Share Offer | 60,850,278 |
| Face Value | ₹ 2 |
| Lot Size | 30 |
| Min. Investment | ₹15,000.00 |
| Issue Price | ₹ 475 – ₹ 500 |
| Listing On | BSE,NSE |
| Listing Date | 05 Dec, 23 |
Objects of the IPOs:
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
- Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.
Why to invest?
- In the last three years, the sales boom has been consistently developing. That is obvious from the growth of the revenue pool in consonance with the increase in the car, aerospace, and business equipment commercial enterprise. With a focus on inexperienced and futuristic transformation, the employer seems poised to expand revenue increase further.
- The PAT margin at above 13% and the ROE at above 20% are very appealing by comparable technology engineering organization standards. Even the go back on property is strong at 12%, permitting the organisation to justify better P/E ratios even in the future on a sustained basis.
- The organisation had under common sweating of assets, as measured by the asset turnover ratio, however that isn’t always too relevant to this business. Here the net margins and ROE might count number extra, specially at a time while IT margins are beneath strain.
Let us turn to the valuations component. On the present day 12 months standalone EPS of ₹15.37, the inventory is available in the IPO at a P/E of 32.Five instances, that is attractive if the modern-day increase rate may be sustained in earnings and progressed up on in the destiny. However, on a weighted average EPS basis, the P/E is slightly better at forty.8X income. That must sober in addition in case you remember forward earnings. The sturdy internet margins and the ROE should assist guide the valuations at cutting-edge levels for the inventory.
Financial Service Limited IPO
About the Company
Fedbank Financial Services Limited offers Gold Loans, Home Loans, Loan Against Property (LAP) and Business Loan Services.
Fedbank is a retail-centered non-banking finance enterprise (NBFC), with the second lowest value of borrowing among the micro, small, and medium organisations (MSMEs), gold mortgage, and MSME & gold loan peer set in India in Fiscal 2023. The company’s shoppers comes specifically from the MSME and emerging self-hired people (ESEI) sectors.
The agency’s product range includes mortgage loans along with housing loans; small price ticket loans against assets (LAP); and medium ticket LAP, unsecured commercial enterprise loans, and gold loans. The organization also has a Phygital doorstep version, a mixture of virtual and physical tasks, for supplying custom designed services to clients across all the products.
As of March 31, 2023, Fedbank Financial Services has workplaces in 191 districts in 16 states and union territories in India through 575 branches with a robust presence in Southern and Western areas of India which include Andhra Pradesh (including Telangana) and Rajasthan.
Competitive Strengths of the Company
- Presence in huge, underpenetrated markets with robust growth capacity.
- Focused on retail mortgage merchandise with a collateralized lending version targeting people and the rising MSME sector that’s tough to duplicate.
- Strong underwriting functionality and presence in pick patron segments combined with strong threat control skills centered on powerful underwriting and collections.
- Experienced, cycle-examined management crew.
- Well-diverse investment profile with the advantage of decrease fee of price range – Technology-pushed organisation with a scalable working model
IPO Details
| Factors | Financial Service Limited |
| Open Date | 22 Nov, 23 |
| Close Date | 24 Nov, 23 |
| Issue Size | |
| Total Share Offer | |
| Face Value | |
| Lot Size | |
| Min. Investment | |
| Issue Price | |
| Listing On | BSE,NSE |
| Listing Date |
Obejective of the IPO
- Augmenting the company’s Tier I capital base to meet the company’s future capital requirements, arising from the growth of the business and assets.
- Meeting offer expenses.
Why invest in this IPO?
Fedbank Financial Services, subsidiary of Federal Bank, has filed preliminary papers with SEBI to elevate the price range worth Rs.1700 crores.
The IPO consists of a clean trouble of Rs.900 crore and an offer on the market (OFS) of as much as 45.71 million shares by way of its existing shareholders and promoters.
The OFS incorporates as much as 16.50 million shares with the aid of Federal Bank and as much as 29.22 million shares by True North Fund VI LLP. Currently, Federal Bank holds a seventy three.31 percentage stake at the same time as True North Fund VI LLP has a 25.76 percentage stake in FedFina.
ICICI Securities Limited, Equirus Capital Private Limited, IIFL Securities Limited and JM Financial Ltd are the lead managers to the issue.
Flair Writing Industries Limited IPO
Incorporated in 1976, Flair is engaged in growing and manufacturing writing devices that are tailor-made to modern continuously transferring market. FLAIR is an ISO 9001 : 2015; ISO 14001 : 2015 licensed organisation, adhering to international enterprise & social norms.
FLAIR has mounted commercial enterprise relationships with some of the leading pioneers inside the writing industry. The corporation owns several brands along with FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, and the ZOOX. In the Financial Year 2023, the agency bought a total of 1,303.60 million units of pens, out of which 975.30 million units, which debts for 74.Eighty two% of the income, have been bought regionally at the same time as 328.30 million gadgets, accounting for 25.18% of the sales, were exported globally.
Furthermore, the organization has recently ventured into manufacturing a diverse range of houseware merchandise such as casseroles, bottles, garage boxes, serving solutions, cleaning answers, baskets, and paper containers. This growth became made feasible through certainly one of our subsidiaries, FWEPL.
IPO detail
| Factors | Flair Writing Industries Limited IPO |
| Open Date | |
| Close Date | |
| Issue Size | |
| Total Share Offer | |
| Face Value | |
| Lot Size | |
| Min. Investment | |
| Issue Price | |
| Listing On | BSE,NSE |
| Listing Date |
Objective of the IPO
- Setting up a new manufacturing facility for writing instruments in District Valsad, Gujarat (New Valsad Unit);
- Funding capital expenditure of the company and its subsidiary, FWEPL;
- Funding working capital requirements of the company and its subsidiaries, FWEPL and FCIPL;
- Repayment/pre-payment, in part or full, of certain borrowings availed by the company and its Subsidiaries, FWEPL and FCIPL; and
- General corporate purposes.
Why to invest in this IPO?
The initial public provide (IPO) of Flair Writing Industries Limited offers an early investment opportunity in Flair Writing Industries Limited. A inventory marketplace investor should buy Flair Writing IPO stocks by applying in IPO before Flair Writing Industries Limited shares get listed on the inventory exchanges. An investor ought to put money into Flair Writing IPO for short time period list benefit or a long time.
FWIL is one of the main player in writing instruments and stationery. It has currently various into housewares, metallic bottles and appliances. It has marked boosted earnings with current products providing and holds guarantees for vibrant prospects with expansion plans afoot. Based on annualized FY24 income the difficulty is completely priced. Investors may park finances for the medium to long-time period rewards.