Tata Technologies IPO is closing today, how was the performance of all the IPOs this week

Along with stocks, IPO is also a very good option for investors to invest in the share market. In the month of November, many companies have launched their IPOs for investors. Whenever a company needs funds for its development, it opens its IPO. In this IPO, companies sell their stocks to investors. For this reason, apart from stocks, investing in an IPO is also considered a very good option.

This week, IPOs of the technology sector, oil companies, and banking sector were open for investors. The performance of all these IPOs has been quite good. Now investors are waiting for the listing and share allotment of these IPOs.

Tata Tech (TataTechnologies) IPO was open to investors after almost two decades. Before this, TCS IPO was opened in the year 2004. If we talk about Tata Technologies IPO, then this IPO opened on 22 November 2023 and will close on 24 November 2023 i.e. today. On the very first day of this IPO, it was completely subscribed within minutes of opening.

At the same time, it has been subscribed 20 times so far among shareholders. For investing in Tata Tech's IPO, experts have advised that one should invest for the company's listing gain and long-term profit. It is expected that the company's shares will be listed in the stock market in December 2023.

Gandhar Oil's IPO has also opened for investors this week. The IPO of the company will close on 24 November 2023. The company's IPO has been subscribed more than 15 times on the second day. At the same time, the company's IPO was fully subscribed on the first day. The price band of the company's IPO is Rs 160 to Rs 169 per share.

The financial track record of the company is quite good. The company is also a market leader. The company's operating cash flow remained negative in the first quarter of the current financial year, but the company's working capital cycle is continuously increasing. The company has raised Rs 150 crore from anchor investors.

In the banking sector, the IPO of Fedbank Financial was open for investors. The performance of FedBank Financial's IPO was not very good compared to the IPOs of other companies. The company's IPO is filled only up to 90 percent. In such a situation, experts advise that if investors want to invest in the long term, then they can invest in the IPO of this company.