Earning opportunity, these 5 IPOs are coming in the next 15 days, companies will raise 27,000 crores


Upcoming IPOs: 5 companies are going to issue their IPO in the first 15 days of November. Together these IPOs are expected to raise 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 IPO.

Forest97 Communications IPO

Digital firm One97 Communications, which operates under the Paytm brand name, is all set to come up with an IPO of ₹18,300 crore on November 8. The IPO involves issue of equity shares worth ₹8,300 crore and ₹10,000 crore by the existing shareholders through an offer for sale (OFS).

The company has fixed a price band of ₹2,080-2,150, which means that the valuation of the firm is ₹1.44 lakh crore – ₹1.48 lakh crore.

PB Fintech IPO
The ₹5,710-crore IPO of PB Fintech, which operates online insurance platform PolicyBazaar and credit comparison portal Paisabazaar, will open for public subscription during November 1-3. Its price band is ₹940-980 per share and includes a fresh issue of equity shares worth ₹3,750 crore and an offer for sale by existing shareholders for approximately ₹1,960 crore.

Sapphire Foods India IPO
The three-day IPO of Sapphire Foods India will open for subscription on November 9 and will be an offer for sale of 1,75,69,941 equity shares by the entire promoters and existing shareholders. Reports say that the IPO of Sapphire Foods is expected to fetch Rs 1,500-2,000 crore.

SJS Enterprises IPO
The ₹800 crore IPO of SJS Enterprises is an offer for sale of shares entirely worth ₹710 crore by Evergraph Holdings Pte Ltd and ₹90 crore by KA Joseph. The issue with a price band of ₹531-542 per share will open on November 1 and end on November 3.

Sigachi Industries IPO
Sigachi Industries will issue 76.95 lakh equity shares through IPO and is planning to raise ₹125.43 crore at the upper end of the price band of ₹161-163 per share.

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 money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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