An IPO is the process through which a company raises funds by selling a portion of its stock to the general public. Investors are anticipating a busy month in October due to the large number of initial public offerings (IPOs) scheduled.
IPOs, or initial public offerings, have long captivated investors because they provide the best stock investment opportunities. The introduction of ASBA has made the process of submitting an IPO application much easier.
Nykaa
Nykaa, the e-commerce beauty behemoth, will begin accepting subscriptions for its initial public offering (IPO) on Thursday. Through the public offering, the company hopes to raise around 5,352 crores. Nykaa is an online marketplace run by FSN E-Commerce Ventures. On November 1, the three-day IPO will come to an end.
For its public offering, it has set a price range of INR 1,085-1,125 per share. Bids can be placed for as few as 12 equity shares and as many as 14 lots in multiples of 12 equity shares. According to the corporation, the offer includes a reservation of up to 250,000 equity shares for purchase by eligible employees.
TPG Growth IV SF Pte, Lighthouse India Fund, and other existing investors are anticipated to sell their shares in the IPO. The company's promoters, which include founder and CEO Falguni Nayar, currently possess more than 50% of the stock.
India's first woman-led unicorn, founded by former investment banker Ms Nayar, provides 4,000 beauty, personal care, and fashion brands through its website, app, and 80-plus brick-and-mortar stores.
Fino Payments Bankd
Fino Payments Bank Ltd. plans to sell shares at a price of Rs 560-577 a share in a three-day initial public offering that will begin on Friday and raise up to Rs 1,200 crore. The company, which began operations in June 2017, is one of India's only two profitable payments banks. Fino provided remittance and other financial transfer services to underserved customers in the country before becoming a payments bank.
A fresh offering of equity shares worth Rs 300 crore is included in the IPO. Aside from that, Fino Paytech, the holding firm that controls 7.8 crore equity shares in the payments bank (or a 100 percent ownership), would sell 1.56 crore shares in an offer for sale.
Fino Paytech is backed by major investors such as ICICI Bank Ltd., Blackstone Inc., Life Insurance Corporation of India, Intel Capital, International Finance Corporation, Bharat Petroleum Corp., Union Bank of India, and Indian Bank.
These are some of the anticipated November 2021 initial public offerings. You may examine all of these companies' fundamentals and make investment decisions based on that knowledge. A business with solid foundations should be able to earn reasonable profits. You can employ an investment advisor to help you with the fundamental research and planning for your IPO investments.
