IPOs in Nov 2021; Paytm, Sapphire Foods, & other public offers hit market raising nearly 21,000 crores this week
This comes after Five companies – FSN E-Commerce Ventures, which is a multi-brand beauty , personal care, and fashion online platform; Fino payments bank; Policy Bazaar parent entity PB Fintech; a leading player in indian decorative industry ,SJS enterprises and a Sigachi industries .
The three-day IPOs of Paytm, Sapphire foods, and Latent View Analytics are going to hit on November 8,9,10 respectively.
Paytm
Paytm’s parent One 97 Communications hit the market first today raising 18,300 crores IPO. The IPO comprises of fresh issue of equity shares of Rs8,300 crores and an offer for sale of Rs 10,000 crore by existing shareholders, including founder Vijay Shekhar Sharma and investors Saif III Mauritius company and SVF Panther.
The price band has been fixed at Rs 2050 to 2150 per share. The market lot size is 6 shares. The Rs 18,300 crore offer will be the largest fund ever raised by a single firm, before this state run coal mining company Coal India had raised Rs 15,475 crore via IPO in October 2010. Paytm has already raised 8,235 crores through anchor investors on Wednesday.
Sapphire Foods
Sapphire Foods which operating the KFC and Pizza Hut chain of stores is planning to raise Rs 1120 – 1180 per share. Sapphire Foods India’s public issue will be entirely an OFS of 17,569,941 equity shares by promoters and shareholders. The market lot size is 12 shares. As part of OFS, QSR Management Trust will offload 8.50 lakh shares. Sapphire Food Mauritius Ltd will sell 55.69 lakh shares, WWD Ruby Ltd will offload 48.46 lakh shares and Amethyst will diverse 39.62 lakh shares.
In addition, AAJV Investment Trust will offload 80,169 shares, Edelweiss Crossover Opportunities Fund series will sell 16.15 lakh shares. The IPO of Sapphire foods is expected to fetch Rs 2073 crore.
Latent View Analytics
Data analytics firm, Latent View Analytics will be the third public offer to open for subscription this week. The 600 crores public offer comprises a fresh issue of 474 crores and OFS of 126 crores by promoters and selling shareholders. As part of OFS, promoter Adugudi Vishwanath Venkataraman will offload shares worth Rs 60.14 crore, Ramesh Hariharan sells 35 crore shares and Gopinath Koteshwaran sells 23.52 crore shares. Currently, Venkatraman owns a 69.63 percent stake in the company, Koteeswaran holds a 7.74 percent stake and Hariharan has a 9.67 percent holding in the firm. The IPO of company has set a price band of Rs 190-197 a share .
- The company designs and engineers result-oriented analytics solutions for clients across India. They are experts in analytics with respect to customer profiling, targeted marketing, supply chain management, finance and risk management, and HR functions.
- Besides these issues, FSN E-Commerce Ventures and Fino Payments, Bank are expected to hit the secondary market and hit on November 11 and November 12, respectively. FSN E-commerce successfully raised Rs 5,352 crore through its public issue while Fino Payments Bank has raised upto Rs 1,200 crore via IPO during October 29 to November 2.
