Earning opportunity- Upcoming IPO: 5 companies will issue their IPO in the first 15 days of November. Together, these IPOs are expected to generate over Rs 27,000 crore. These companies also include One97 Communications, the parent company of Paytm, and PB Fintech, the parent company of PolicyBazaar.
Apart from these, Sapphire Foods India, which operates KFC and Pizza Hut, SJS Enterprises and Sigachi Industries are also bringing their IPOs. Earning opportunity
One 97 Communications IPO
Earning opportunity- Digital company One97 Communications, which operates under the Paytm brand, is set to offer an 18,300 crore IPO on November 8. The IPO involves the issuance of shares worth 8,300 crore and 10,000 crore by Offer to Sell Shareholders (OFS).
The company has set a price range of 2,080-2,150 which means the company’s valuation is 1.44 lakh crore – 1.48 lakh crore.
PB Fintech IPO
PB Fintech’s 5,710 crore IPO, which operates the online insurance platform PolicyBazaar and the Paisabazaar credit comparison portal, will be open for public subscription from November 1-3. Its price range is 940-980 yen per share and includes a new issue of shares valued at 3,750 crore and an offer to sell by existing shareholders for approximately 1,960 crore.
Sapphire Foods IPO in India
The three-day IPO of Sapphire Foods India will be open for subscription on November 9 and will constitute an offer to sell 1,75,69,941 shares by all existing promoters and shareholders. Reports say that the Sapphire Foods IPO is expected to bring in Rs 1,500-2,000 crore.
Initial public offering of SJS Entreprises
SJS Enterprises’ 800 crore IPO is an offer to sell shares totaling 710 crore by Evergraph Holdings Pte Ltd and KA Joseph for 90 crore. The issue with a price range of 531 to 542 per share will begin on November 1 and end on November 3.
IPO of Sigachi Industries
Sigachi Industries will issue 76.95 lakh shares through the IPO and plans to increase 125.43 crore at the high end of the 161-163 per share price range.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing any money in as an investor. )
