The primary market allows investors to purchase shares at a discounted price before the company's impending initial public offering (IPO). Retail investors can also take advantage of discounted rates when applying for upcoming IPOs. Holding on to the shares also gives you a chance to share in the future success of these businesses.
Today let us take a look at the upcoming IPOs in the month of November 2021.
Paytm (One 97 communications)
One97 Communications Ltd, which owns Paytm, has set a price range of Rs. 2,080 to Rs. 2,150 for its initial public offering (IPO), valuing the business at Rs. 20 billion, according to a regulatory filing. The initial public offering (IPO) will begin on November 8 and end on November 10.
One97 Communications Ltd has effectively boosted the size of its initial public offering from 16,600 crore to 18,300 crores, in what might be one of India's largest IPOs.
According to the company's draught share sale agreements, the fresh issuance will be used to expand its business lines and attract additional merchants and clients.
Morgan Stanley, Goldman Sachs Group, Citigroup, and ICICI Securities are among the investment banks handling the share sale. Last Monday, the Securities and Exchange Board of India approved the IPO of the Noida-based digital payments startup.
Policy Bazaar (PB Fintech)
Following a brief lull in the number of major IPOs, PB Fintech, which manages online insurance platform Policy bazaar and credit comparison web Paisa bazaar, will conduct its 5,710-crore initial public offering on November 1st. The issue's price band has been set at Rs. 940-980 per share.
It consists of a fresh issue of equity shares worth Rs. 3,750 crore and an offer for sale (OFS) worth over Rs. 1,900 crore, with SoftBank taking the lion's share of the proceeds. Policy bazaar had 4.8 crore registered users as of March 31, with 1.9 crore insurance purchased from insurer partners. It also claims to control 93 percent of the internet insurance aggregation market in India.
SJS Enterprises
SJS Enterprises Ltd has established a price range of Rs. 531-542 per share for its initial public offering on November 1-3. Evergraph Holdings Pte. is offering 710 crores in the IPO, while K.A. Joseph is offering 90 crores.
Evergraph Holdings and Joseph now own 77.86 percent and 20.74 percent of the company, respectively. The issue's book lead managers are Axis Capital, Edelweiss Financial Services, and IIFL Securities.
Sapphire Foods India
Sapphire Foods India Ltd, the operator of KFC and Pizza Hut restaurants, will launch an initial public offering (IPO) on November 9 and end on November 11. On November 22, the company intends to list on the stock exchanges.
The initial share sale will consist completely of promoters and existing shareholders offering 17,569,941 equity shares for sale.
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.
Happy Investing!
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