IPO in November
Greetings and welcome to the world of finance in November! This month brings us a bouquet of Upcoming IPOs in November 2023. In the financial realm, Initial Public Offerings (IPOs) are akin to grand unveilings where companies extend an open invitation to the public to invest in their future. This is the moment when a private enterprise takes its maiden steps onto the public market stage by offering shares to the general populace. But, what exactly goes on behind the scenes of this process? Let’s dive in.
So, What Exactly is an IPO?
At its core, an IPO signifies the transformation of a private company into a publicly traded entity. This transition implies that ownership of the company shifts from a limited group of private investors to a much broader audience, and it’s a momentous financial event that holds significance for both the company and prospective investors.
Fresh Capital or Existing Shares?
The Fork in the Road When a company decides to go public, it faces a pivotal choice – it can either issue new shares to secure fresh capital, fuelling its growth, or allow existing shareholders to put their shares on the market, a process referred to as an Offer for Sale (OFS), without infusing new capital into the company.
Today, we present a trio of Upcoming IPO in November 2023. Let’s take a sneak peek into these IPOs poised to make a splash in the financial world this November.
Upcoming IPOs in November List
|Issue Size (in ₹ Cr)
|Cello World Limited IPO
|October 30 to November 1, 2023
|Honasa Consumer Limited (MamaEarth)
|October 31 to November 2, 2023
|ESAF Small Finance Bank
|November 3 to November 7, 2023
Cello World Limited IPO
Another eagerly slated IPO in November 2023 is Cello World. Cello World Limited stands as a notable player within India’s consumer goods sector, boasting a diverse portfolio encompassing consumer houseware, writing instruments, stationery, moulded furniture, and associated products.
As of March 31, 2023, the company proudly operates a total of 13 manufacturing facilities spread across five strategic locations in India. Furthermore, Cello World is actively engaged in the establishment of a cutting-edge glassware manufacturing facility in the state of Rajasthan. It is one of the most awaited IPO in November. Learn more.
Offer Type: Purely Offer for Sale (OFS)
Total Shares on Offer: 2,93,20,987
Share Price Bracket: ₹617 to ₹648
Total Aggregated Value: ₹1,900.00 Crores
Minimum Investment (Retail Investors): ₹14,904
Scheduled Listing Date: November 09, 2023
Stock Exchanges: BSE and NSE
Honasa Consumer Private Ltd. (MamaEarth) IPO
Honasa Consumer Limited proudly claims the title of India’s foremost digital-first Beauty and Personal Care (BPC) enterprise by revenue for the fiscal year 2023. What truly distinguishes it is its steadfast dedication to delivering beauty products free from toxins, all meticulously concocted from natural components. Under its flagship brand, MamaEarth, it has established a reputation synonymous with the use of natural, safe products. It is one of most talkable IPO in November. Learn more.
Offer Type: Combination of Fresh Issue and Offer for Sale (OFS)
Fresh Capital Generated: ₹365.00 Crores
OFS Share Count: 4,12,48,162
Share Price Bracket: ₹308 to ₹324
Total Aggregated Value: ₹1,701.00 Crores
Minimum Investment (for Retail Investors): ₹14,904
Scheduled Listing Date: November 10, 2023
Stock Exchanges: BSE and NSE
ESAF Small Finance Bank
With unwavering confidence, ESAF Small Finance Bank Limited is poised to embark on its Initial Public Offering (IPO). Established in 1992, ESAF stands as a distinguished Small Finance Bank with a primary focus on extending loans to individuals residing in rural and semi-urban regions.
The bank provides a diverse array of financial products, including Micro Loans, Retail Loans, MSME Loans, Loans to Financial Institutions, and Agricultural Loans. As of March 2023, the bank boasts a wide-reaching network encompassing 700 outlets, 743 customer service centres, 20 business correspondents, and 481 business facilitators. Additionally, the bank operates 581 ATMs distributed across 21 states in India. It is one of the top notch IPO in November for small finance bank category. Learn More.
Issue Size: ₹463.00 Crores
Composition of the Issue: Fresh Issue: ₹390.70 Crores and Offer for Sale: ₹72.30 Crores
Subscription Window: November 3 to November 7, 2023
Allotment Date: Friday, November 10, 2023
Scheduled Listing Date: Thursday, November 16, 2023
Trading Platforms: BSE and NSE
Price Range: To be disclosed
IPOs can be likened to a mutually advantageous partnership. Companies secure capital through the sale of shares, without incurring interest-related burdens. On the other hand, investors have the opportunity to purchase shares at a potentially more favorable price, with the potential for long-term returns. Furthermore, IPOs have the potential to yield immediate gains if the company makes a strong market debut. Nevertheless, it is imperative to conduct thorough research and exercise due diligence before considering any investment in an IPO. Go through the above list of IPO in November & make a smart choice.