IPO Weekly Wrap: Tata Tech, IREDA, Gandhar, Flair, SME stocks make bumper debuts; Fedbank disappoints

Tata Technologies, Gandhar Oil Refinery, Indian Renewable Energy (IREDA) and Flair Writing Industries made bumper debuts while Fedbank Financial Services disappointed investors


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Kross files draft papers with Sebi to raise Rs 500 crore via IPO

The Kross IPO is mix of a fresh issuance of shares worth Rs 250 crore by the company, and an offer-for-sale (OFS) of shares worth Rs 250 crore by promoters.


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Flair Writing Industries beats analyst expectations, closes with 48% gains

Flair Writing Industries shares opened with 64.8 percent gains at Rs 501 on the National Stock Exchange, which was double the analysts’ expectations as well as grey market premium


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SME IPOs: Deepak Chemtex booked over 360 times, AMIC Forging 264x on final bidding day

Deepak Chemtex and AMIC Forging IPOs closed on December 1 while Marinetrans India and Graphisads will close on December 5


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Flair Writing lists at 66% premium: Should you buy, hold, or book profit?

Flair Writing Industries stock opened at Rs 501 on the NSE and Rs 503 on the BSE against the IPO price of Rs 304


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Flair Writing Industries IPO grey market premium increases ahead of listing

Flair Writing Industries IPO | Citing the grey market price and the above reasons, Rajan Shinde, research analyst at Mehta Equities believes the healthy listing is justified


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Fedbank Financial Services records muted show on listing day, closes tad above issue price of Rs 140

Fedbank Financial Services sees weakest performance amongst IPOs listed in mainboard segment in the current week


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Record Debut: Tata Technologies sees third best listing day gains among IPOs launched so far

The stock opened at Rs 1,200 on the National Stock Exchange, higher by 140 percent over the issue price of Rs 500 per share and touched a record high of Rs 1,400 in initial trade


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Gandhar Oil Refinery India beats analyst expectations, clocks 78% rally to close above Rs 300-mark

Gandhar Oil Refinery India: This was the sixth biggest gainer among the companies listed (after IPOs) so far in 2023


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Tata Tech, Gandhar Oil settle above IPO price, Fedbank disappoints; what should investors do now?

Tata Technologies and Gandhar Oil Refinery stocks made a bumper debut while Fedbank Financial Services stock opened at a discount on November 30


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