Introduction
It’s November, which is time for Upcoming IPOs in November 2023. In the financial world, Initial Public Offerings (IPOs) are like grand openings for companies, inviting the public to invest in their future. It’s when a private company takes its first steps into the public market by offering shares to the general populace. But what’s the nitty-gritty of this process? Let’s break it down.
What’s an IPO?
An IPO essentially marks the transition of a private company into a publicly traded entity. This means that the company’s ownership shifts from a select group of private investors to the wider public. It’s a significant financial event for both the company and potential investors.
Fresh Capital or Existing Shares?
When a company goes public, it can either issue new shares to raise capital or let existing shareholders sell their shares, a process known as an Offer for Sale (OFS), without generating fresh capital.
We have three Upcoming IPOs in November 2023. Let’s sneak peek into the IPOs set to make waves in November 2023.
Upcoming IPOs in November 2023
| Company Name | Issue Size (in ₹ Cr) | IPO Date |
| Cello World Limited IPO | 1,900.00 | October 30 to November 1, 2023 |
| Honasa Consumer Limited | 1,701.00 | October 31 to November 2, 2023 |
| ESAF Small Finance Bank | 463 | November 3 to November 7, 2023 |
1. Cello World Limited
Another upcoming IPO in November 2023 is Cello World. Cello World Limited is a prominent name in India’s consumer ware industry, with a footprint extending to consumer houseware, writing instruments, stationery, moulded furniture, and related products.
As of March 31, 2023, it operates 13 manufacturing facilities across 5 locations in India. The company is even in the process of setting up a glassware manufacturing facility in Rajasthan. To learn more, check the DRHP.
Details of Cello World Limited’s IPO:
- Type: 100% Offer for Sale (OFS)
- Number of Shares: 2,93,20,987
- Share Price Range: ₹617 to ₹648
- Aggregated Amount: ₹1,900.00 Cr
- Minimum Investment (Retail): ₹14,904
- Listing Date: November 09, 2023
- Exchanges: BSE and NSE
2. Honasa Consumer Limited(Mamaearth)
Honasa Consumer Limited wears the crown as India’s largest digital-first Beauty and Personal Care (BPC) company by revenue for FY 2023. What sets it apart is its unwavering commitment to providing toxin-free beauty products, all crafted from natural ingredients. Its marquee brand, Mamaearth, has become synonymous with natural, safe-to-use products. To get a better idea, check the DRHP and read our in-depth article on Mamaearth IPO.
Details of Honasa Consumer Limited’s IPO:
- Type: Fresh Issue and Offer for Sale (OFS)
- Fresh Capital Raised: ₹365.00 Cr
- OFS Shares: 4,12,48,162
- Share Price Range: ₹308 to ₹324
- Aggregated Amount: ₹1,701.00 Cr
- Minimum Investment (Retail): ₹14,904
- Listing Date: November 10, 2023
- Exchanges: BSE and NSE
3. ESAF Small Finance Bank
ESAF Small Finance Bank Limited is all set to launch its Initial Public Offering (IPO) with utmost confidence. Founded in 1992, ESAF is a renowned Small Finance Bank that primarily focuses on providing loans to customers residing in rural and semi-urban areas.
The Bank offers a wide range of products such as Micro Loans, Retail Loans, MSME Loans, Loans to Financial Institutions, and Agricultural Loans. As of March 2023, the Bank has a widespread network of 700 outlets, 743 customer service centers, 20 business correspondents, and 481 business facilitators. The Bank also has 581 ATMs located across 21 states in India. Read the DRHP to learn more.
Details of ESAF Small Finance Bank
- Issue Size: Rs 463.00 crores
- Issue: Fresh Issue: Rs 390.70 crores and Offer for Sale: Rs 72.30 crores,
- Subscription Period: November 3 to November 7, 2023
- Allotment Date: Friday, November 10, 2023
- Listing Date: Thursday, November 16, 2023
- Stock Exchanges: BSE, NSE
- Price Band: Yet to be announced
IPOs are akin to a mutually beneficial dance. Companies gain capital by offering shares, free from interest obligations. Investors, in turn, can buy in at a potentially lower price, reaping returns in the long run. Additionally, IPOs can lead to listing gains if the company debuts on a high note. However, you must always do your due diligence before investing in any IPO.
FAQs
How does an IPO benefit a company?
An IPO allows a company to raise capital by issuing shares to the public, enabling growth and expansion.
Can individual investors participate in an IPO?
Yes, individual investors can participate in an IPO by purchasing shares through the designated process.
What is an Offer for Sale (OFS) in an IPO?
An OFS allows existing shareholders to sell their shares to the public without generating fresh capital for the company.
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.