Primary Market Roars: 4 IPOs To Open This Week

The Indian stock market has expanded significantly in recent years, fueled by the debut of numerous companies on the stock exchanges. As we move into November, the primary market is set to experience a surge in activity, with four major mainboard IPOs, including the much-anticipated Swiggy IPO, slated for launch on Dalal Street starting November 4. 

In this blog, we’ll take a look at the list of upcoming IPO scheduled for the first week of Samvat 2081, including four mainboard companies looking to raise funds during this exciting period.

Sagility India IPO 

Sagility India IPO is a book-built issue of ₹2,106.60 crores. The issue is entirely an offer for the sale of 70.22 crore shares. Sagility India IPO opens for subscription on November 5, 2024, and closes on November 7, 2024. Sagility India IPO allotment is expected to be finalised on November 8, 2024.

Swiggy IPO

Swiggy IPO opens for subscription on November 6, 2024 and closes on November 8, 2024. Swiggy IPO allotment is likely to be finalised on November 11, 2024. Swiggy IPO will be listed on BSE and  NSE with a tentative listing date of  November 13, 2024. Swiggy IPO is a book-built issue of ₹11,327.43 crores. Swiggy IPO is a combination of a fresh issue of 11.54 crore shares aggregating to ₹4,499.00 crores and an offer for sale of 17.51 crore shares aggregating to ₹6,828.43 crores.

ACME Solar Holdings IPO

ACME Solar Holdings IPO opens for subscription on November 6, 2024 and closes on November 8, 2024. ACME Solar Holdings IPO allotment is expected to be finalised on November 11, 2024. ACME Solar Holdings IPO is a book-built issue of ₹2,900.00 crores. The issue is a combination of a fresh issue of 8.29 crore shares aggregating to ₹2,395.00 crores and an offer for sale of 1.75 crore shares aggregating to ₹505.00 crores.

Niva Bupa Health Insurance IPO 

Niva Bupa Health Insurance IPO is a book-built issue of ₹2,200.00 crores. The issue is a combination of a fresh issue of 10.81 crore shares aggregating to ₹800.00 crores and an offer for sale of 18.92 crore shares aggregating to ₹1,400.00 crores. Niva Bupa Health Insurance IPO opens for subscription on November 7, 2024 and closes on November 11, 2024. Niva Bupa Health Insurance IPO allotment is likely to be finalised on November 12, 2024.

Conclusion

IPOs provide an opportunity to invest in the companies at an initial level, which helps investors garner capital appreciation over the period. However, thorough research is required before investing.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.