Business

be ready! 5 IPOs to come in next 15 days

Highlights:

  • Paytm’s parent company One97 Communications and Policybazaar’s parent company PB Fintech are included.
  • KFC and Pizza Hut are managed by Sapphire Foods India Ltd., SJS ENTERPRISE and Sigachi Industries.
  • Earlier on September 29, Aditya Birla AMC had an IPO of Rs 2,778 crore.

New Delhi: The first fortnight of November i.e. the IPO of 5 companies will come in 15 days. These companies include Paytm’s parent company One97 Communications and PolicyBazaar’s parent company PB Fintech. The IPO is expected to raise a total of Rs 27,000 crore. Meanwhile, the three companies that are going to IPO are KFC and Sapphire Foods India Ltd, which manages Pizahat, SJS Enterprise and Sigachi Industries.

The IPOs of FSN E-Commerce Ventures Ltd and Fino Payments Bank, which currently manage the online marketplace of beauty and wellness products, will close on November 2. Nykaa is expected to raise Rs 5,352 crore from the IPO and Rs 1,200 crore from Fino Payments Bank. Together, the IPOs of these seven companies are expected to raise Rs 33,500 crore. Earlier on September 29, Aditya Birla AMC had an IPO of Rs 2,778 crore.

LearnApp.com founder and CEO Prateek Singh said that companies that bring IPOs in a bull market are expected to get higher premiums and valuations on their business. Companies especially in the technology sector are getting a good premium. So far this year in 2021, 41 companies have raised Rs 66,915 crore from IPOs. In addition, POWERGRID InvIT, sponsored by POWERGRID Corporation, has raised Rs 7,735 crore from IPO and Brookfield India Real Estate Trust has raised Rs 3,800 crore from IPO. To take advantage of the recent boom in the IPO market, many companies are preparing to launch their initial public offering (IPO). The three IPOs of Policy Bazaar, Sigachi Industries and SJS Enterprises will open on November 1 and close on November 3.

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