Upcoming IPOs In November: Groww, ICICI AMC, boAT, Shreeji Globak FMCG, More

Upcoming IPOs in November: The Indian primary market is gearing up for an action-packed month, with several high-profile IPOs such as Groww, ICICI AMC, and boAt set to hit Dalal Street in November. With both established giants and emerging small-cap firms lining up to raise funds, experts expect the IPO momentum to accelerate further in the coming weeks.

The past month saw heightened primary market investors in IPOs of LG Electronics, Canara Robeco, Tata Capital, Canara HSBC, Rubicon Research, etc. Here are all the details you need to know about upcoming IPOs in November.

Upcoming IPOs In November

In the coming weeks, investors will see the IPOs of Billionbrains Garage Ventures Limited, Finbud Financial Services Limited, Shreeji Global FMCG Limited, etc.

Groww IPO

The Billionbrains Garage Ventures, the parent company of the Indian online investment platform, Groww, is all set to bring its IPO in the coming week in November.

Groww IPO has a book build issue of Rs 6,632 crores. The IPO is a combination of fresh issue of 10.6 crore shares aggregating to Rs 1,060 crores and an offer for sale of 55.72 crore shares aggregating to Rs 5,572.3 crores. Groww IPO will open for subscription on November 4 and will conclude on November 7. The company's IPO is expected to be listed on BSE and NSE by 7 November.

The Kotak Mahindra Capital Company Limited is the book-running lead manager of the Groww IPO.

boAT IPO

Electronics items and devices brand boAT is eyeing to bring its IPO in the Indian stock market by the end of November, according to media reports. An official confirmation about the boAT IPO launch date is yet to be received. The company is famous for its lifestyle electronic products like headphones, smart watches, speakers, etc. The company has planned to use the IPO fund to reduce debt and expand its local manufacturing base.

ICICI Prudential AMC

ICICI Prudential Asset Management Company is also planning to bring its Rs 10,000 crore IPO. As per media reports, the ICICI Prudential AMC IPO is likely to hit the Dalal Street in November. The Rs 10000 crore IPO will be a mix of offer for sale and fresh issue. The UK-based Prudential will sell its 10% stake in the IPO, reported Economic Times.

Finbud Financial IPO

Finbud Financial IPO is a book build issue of Rs 71.68 crore. The issue is entirely a fresh issue of 0.5 crore shares of Rs 71.68 crore. The IPO will open for subscription on 6 November and will conclude on 10 November. The company is expected to be listed on NSE SME on 13 November.

Shreeji Global FMCG IPO

Shreeji Global FMCG SME IPO is a bookbuild issue of Rs 85 crore. The IPO is an entirely a fresh issue of 0.68 crore shares worth Rs 85 crore. The IPO will open for subscription on 4 November and will conclude 7 November. The SME IPO is likely to be listed on NSE and BSE on 12 November.