Aditya Birla Money Limited

Aditya Birla Money Limited

Flair Writing Limited IPO

IPO Date:
22 Nov - 24 Nov'23
Price Band:
288 to 304
Lot Size:
49
Issue Size:
593.00 Crores

About Company:

"Flair" was introduced in 1976 and began its success story 4 decades ago with a range of metal pens.

The company has business associations with some of the pioneers of the writing industry and owns innovative brands including FLAIR, HAUSER, PIERRE CARDIN, FLAIR CREATIVE, FLAIR HOUSEWARE, & the ZOOX.

FLAIR's production capacity churns out 2 billion pieces annually, and the products are being sold by distributors in 97 countries. In FY23, domestic sales accounted for 74.82% (975.30 million units), while 25.18% (328.30 million units) were exported globally. Its revenue increased by 62.39%, and profit after tax (PAT) rose by 114.14% between the last 2 FYs.

It has recently ventured into manufacturing a diverse range of houseware products such as casseroles, bottles, storage containers, serving solutions, cleaning solutions, baskets, and paper bins through one of its subsidiaries, FWEPL.

Tata Technologies Limited IPO

IPO Date:
22 Nov - 24 Nov'23
Price Band:
475 to 500
Lot Size:
30
Issue Size:
3042.51 Crores

About Company:

Tata Technologies, a global engineering services company, was founded in 1989 as the automotive design unit of Tata Motors. It was hived off as a separate company in 1994, with Tata Motors continuing to hold a majority stake and be its biggest client.

Headquartered in Pune and with regional headquarters in the United States, the company has a combined global workforce of more than 11,000 employees across its 18 delivery centres in India, North America, Europe, and the Asia-Pacific region.

The company works with businesses across automotive, aerospace, and industrial heavy machinery, and its expertise includes engineering and R&D, digital enterprise, education, and software products.

They have achieved a remarkable 46% revenue growth in FY22, marking their strongest performance to date. For the first nine months of the current FY, the company's revenue & net profit have grown in double digits compared to the same period last year.

Fedbank Financial Services Limited IPO

IPO Date:
22 Nov - 24 Nov'23
Price Band:
133 to 140
Lot Size:
107
Issue Size:
1092.36 Crores

About Company:

Fedbank Financial Services Ltd. acquired its NBFC license in 2010. It has 573+ branches across the country, with a strong presence in the southern and western regions of India, including Andhra Pradesh, Telangana, and Rajasthan.

The company provides gold loans, home loans, loan against property (LAP), and business loans and primarily serves the MSME and emerging self-employed individual (ESEI) sectors. As a retail focused NBFC, it boasts the second-lowest cost of borrowing among its peers in India.

Fedfina's revenue increased by 37.46%, and profit after tax (PAT) rose by 74.11% between the financial years ending Mar'23 and Mar'22.

Gandhar Oil Refinery (India) Limited IPO

IPO Date:
22 Nov - 24 Nov'23
Price Band:
160 to 169
Lot Size:
88
Issue Size:
500.69 Crores

About Company:

Gandhar began its journey to success in 1992 and is a leading manufacturer of white oils by revenue in India, with overseas operations catering to over 100 countries globally.

The group offers over 350 products under the brand name "Divyol" that primarily fall under the categories of personal care, healthcare, and performance oils (PHPO), lubricants, and process and insulating oils (PIO).

The company's oil plants in western India & Sharjah cater to Indian and global operations. As of June 30, 2023, the combined annual production capacity was approx 522,403 KL.

Gandhar is among the top two players in the Indian white oil market and has served more than 3500 clients, including companies like Procter & Gamble ("P&G"), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami, and Amrutanjan Healthcare.

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