So far, 2022 has not been a great year for IPOs as compared to the blockbuster IPOs in 2021. Two main reasons for this muted performance are the country's economic climate and the high interest rates. However, there may still be light at the end of the tunnel with the upcoming IPOs this year.
Let's take a look at some of the upcoming IPOs in November 2022.
List Of Upcoming IPOs in November 2022
DCX Systems IPO
Fusion Microfinance IPO
Technopack Polymers IPO
Global Health IPO
Bikaji Foods IPO
DCX Systems IPO
Incorporated in 2011, DCX Systems Ltd. is a Bangalore-based company that is mainly engaged in the manufacturing of electronic sub-systems and cable harnesses. It is a leading player in the manufacturing of these products in India. DCX Systems Ltd. operates from its manufacturing facility at the Hi-Tech Defence and Aerospace Park SEZ in Bengaluru, Karnataka. It is also a preferred Indian Offset Partner for foreign OEMs (original equipment manufacturers) for executing defence and aerospace manufacturing projects. As on June 30, 2022, the company has 26 customers across India, Israel, Korea, and the United States. These customers include some Fortune 500 companies, start-ups and multinational corporations.
Suggested Read: DCX Systems IPO: All You Need To Know
The DCX Systems IPO will be open for subscription from October 31, 2022, to November 2, 2022, and the price band for the IPO is ₹197-₹207 per share with a lot size of 72 shares.
Also Read: DCX Systems IPO Subscribed 2.11 Times On Day 1
Fusion Microfinance IPO
Established in 2010, Fusion Microfinance Ltd. is a microfinance company that provides funding to underserved women in rural and semi-urban regions in India so that they have access to better economic opportunities. The company is headquartered in New Delhi. Fusion Microfinance Ltd. runs its business on a joint liability group-lending model, where a small number of women form a group and guarantee each other's loans.
Watch Our Conversation with Devesh Sachdev, MD & CEO of Fusion Micro Finance
The Fusion Microfinance IPO will be open for subscription from November 2, 2022, to November 4, 2022, and the price band for the IPO is ₹350-₹368 per share with a lot size of 40 shares.
Technopack Polymers IPO
Technopack Polymers Ltd. is primarily involved in the manufacturing of a range of Polyethylene Terephthalate (PET) products. This Gujarat-based company was founded in 2018. The company mostly supplies its products to the packaged drinking water industry.
The Technopack Polymers IPO will be open for subscription from November 2, 2022, to November 7, 2022. Through the IPO, the company is planning to issue 14,30,000 equity shares at a price of ₹55 per share.
Global Health IPO
Global Health is a leading multi-speciality tertiary healthcare provider operating in the north and east regions of India. The company operates a network of 4 hospitals in Gurugram, Indore, Ranchi, and Lucknow under the “Medanta” brand, and is also constructing a hospital in Patna. They have also planned to construct one hospital in Noida. As on March 31, 2020, the total installed bed capacity of their hospitals was 2,176.
The Global Health IPO will be open for subscription from November 3, 2022, to November 7, 2022, and the price band for the IPO is ₹319-₹336 per share with a lot size of 44 shares.
Bikaji Foods IPO
Indian sweets and snacks manufacturer, Bikaji Foods International Ltd., is set to open its IPO in November 2022. The company is the largest manufacturer of Bikaneri bhujia, producing 26,690 tonnes annually. It is also the second largest manufacturer of handmade papad.
The Bikaji Foods IPO will be open for subscription from November 3, 2022, to November 7, 2022, and the price band for the IPO is ₹285-₹300 per share with a lot size of 50 shares.
Watch Our Conversation with Deepak Agarwal, MD Bikaji Foods and Rishabh Jain, CFO Bikaji Foods
Do watch our IPO Adda Series for more such IPO conversations
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