Published 13:30 IST, November 6th 2021
Upcoming IPOs to watch out for post-Diwali; check dates, price and other details
The IPO season has returned with three high-profile companies about to be listed on the capital markets with their initial public offerings (IPO).
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IPO season has returned with three high-profile companies about to be listed on capital markets with ir initial public offerings (IPO).
Fintech firm Paytm, KFC operator Sapphire Foods and analytics company Latent View Analytics are expected to list ir public issue during second week of November. issue will be listed for three days, from November 8 to November 10.
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three major IPOs scheduled for next week
Sapphire Foods India, operators of food outlets of KFC and Pizza Hut, is also expected to launch ir initial share sale on November 9 till November 11. issue will be worth Rs 2,073 crores with a price band fixed at Rs 1,120-1,180 per share. As per company, IPO will be completely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders.
operating company of Paytm, Digital firm One97 Communications will open its IPO on November 8 and will be available for subscription in price band of Rs 2,080-2,150 per share. IPO will close on November 10 as company hopes to raise Rs 18,300 crore from IPO. As per company, Rs 8,300 crore will be raised from fresh equity and Rs 10,000 crore from offer for sale (OFS). If Paytm's Rs 18,300 crore IPO is successfully earned, it will become largest IPO in country after Coal India's IPO in 2010 worth Rs 15,200 crores. Paytm alrey raised a total of Rs 8,235 crore from its anchor investors on Wednesday, November 3, before its initial share sale.
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analytics firm, Latent View Analytics, announced ir listing on market. company has a price band of Rs 190-197 per share and has an IPO worth Rs 600-crore. Latent View Analytics will be listed for subscription from November 10 till November 12. Within IPO, fresh issue of equity shares will be worth Rs 474 crore and an offer of sale of equity shares worth Rs 126 crore by existing shareholders. Latent View Analytics offers services like data and analytics, consulting, business analytics and insights.
13:30 IST, November 6th 2021