India seems to have become an IPO capital globally with a slew of big-ticket IPOs that organisations have announced. There are 5 big firms ready to take their plunge on the bourse in November.
Let’s take a look at this full story!
Key highlights of the IPOs opening in November
The 5 companies that are heading to Dalal street are:
- Paytm’s parent company One97Communications
- Sigachi Industries is the manufacturer of microcrystalline cellulose
- SJS Enterprises which is the supplier of decorative aesthetics
- PolicyBazaar’s parent company PB Fintech
- Sapphire Foods India which owns Pizza Hut and KFC
Moreover, a couple of IPOs are already underway. For example, Nykaa and Fino Payments Bank’s IPO will close in the beginning of November.
Here is a break-up of the IPO sizes.
|Name of IPO||Size of IPO|
|One97 Communications||Rs. 18,300 crores|
|PB Fintech||Rs. 5,710 crores|
|Sapphire Foods India||Rs. 1,500 – 2000 crores|
|SJS Enterprises||Rs. 800 crores|
|Sigachi Industries||Rs. 125.43 crores|
As many as 41 companies have gone the IPO way since the start of 2021. Cumulatively, they have raised Rs 66,915 crores. Experts feel the total amount raised by the end of the year may touch Rs. 1 lakh crores.
The last time companies raised close to this amount in the IPOs was back in 2017 when 36 firms managed to raise around Rs. 67,147 crores.
Experts feel that whenever a new route for fund-raising is available, it usually peaks to frenzy levels and then peters out slowly. Experts are also warning to be cautious about the investment in IPOs given that earlier IPOs such as Uber, Lyft did not perform so well.
Moreover, e-commerce, fintech, and technology will be the leaders of the next round of IPOs.
Frequently Asked Questions
- What is the breakup of the Paytm IPO?
Ans. Paytm IPO comprises Rs. 8,300 crores equity shares and Rs. 10,000 crores from an offer of sales.
- What is the breakup of the PB Fintech IPO?
Ans. PB Fintech company’s IPO is divided into an initial offer and an OFS. The initial offer is Rs. 3750 crores and an offer of sale for about Rs. 1960- crores.
- What is the breakup of Sapphire Foods IPO?
Ans. Sapphire Foods IPO will issue an offer of sale of around 1,75, 69,941 equity shares from shareholders and promoters.