[ad_1]
Another busy week of the IPO is upon us. The ??18,300 crore Paytm IPO, the largest ever in the country after Coal India ??The offer of 15,200 crore in 2010, opens for subscription on November 8 and is expected to close on November 10. Two other public broadcasts – from Sapphire Foods India, which operates the KFC and Pizza Hut outlets; and Latent View Analytics – also hitting the streets this week. Sapphire Foods India IPO starts on November 9 and Latent View Analytics on November 10.
Ahead of its initial share sale, digital payments and financial services firm Paytm raised on Wednesday ??8,235 crore from the lead investor including Blackrock, CPPIB, Birla MF, GIC and other blue chip funds. With this, Paytm has already secured 45 percent of its ??Initial public offering (IPO) of 18,300 crore.
One97 Communications, which operates under the Paytm brand, offers stocks in the price range of ??2,080-2,150 per share and the issue includes the issue of new shares with a value of ??8,300 crore and offer to sell (OFS) by existing shareholders up to ??10,000 crores.
Sapphire Foods India has set a price range of ??1 120-1 180 an action for his ??Initial public offering (IPO) of 2,073 crore. The initial sale of the shares will begin on November 9 and end on November 11. The initial public offering will be entirely an offer to sell (OFS) of 1,75 69,941 shares by the promoters and existing shareholders.
Latent View Analytics has set a price range of ??190-197 a share for his ??The initial 600 crore share sale which opens for public subscription on November 10. The three-day initial public offering (IPO) will close on November 12. Latent View Analytics IPO Includes New Equity Issue Worth ??474 crore and an offer to sell shares in the amount of ??126 crore by a promoter and existing shareholders.
Five companies recently completed their public offerings (IPOs): FSN E-Commerce Ventures, which operates the online marketplace for Nykaa beauty and wellness products; Fino payment bank; PB Fintech, parent entity of Policybazaar; supplier of decorative aesthetics SJS Entreprises; and microcrystalline cellulose maker Sigachi Industries.
This year, no less than 46 companies launched their IPOs to increase ??80,102 crore and market experts believe the year should end with the ??Fundraising in the primary market of 1 lakh crore. Fundraising so far this year is well over ??26,611 crore raised by 15 companies from the sale of initial shares throughout 2020. (With contributions from the agency)
Never miss a story! Stay connected and informed with Mint. Download our app now !!
[ad_2]
Leave a Reply