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New Delhi: The month of November will see some big ventures launch their IPOs, setting a buzz in India’s primary markets. These big-ticket IPOs include Swiggy , the online food and grocery delivery platform, and Sagility India Ltd., among other major issues this month.
Here's list of 8 Big Companies That May Come Up With Their IPOs In November
1) Swiggy
Swiggy plans to open its initial public offering (IPO) in early November, with a subscription window opening on November 6, and close on Friday, November 8 according to The Economic Times report.
Swiggy, the prominent food and grocery delivery service, has submitted its red herring prospectus to the Securities and Exchange Board of India (SEBI) as part of its Rs 11,300 crore IPO plan. In a strategic move, the company has increased its primary fundraising target through the issuance of new shares to Rs 4,499 crore, up from the previously planned Rs 3,750 crore. Additionally, in the offer-for-sale segment, Swiggy now aims to sell 175.1 million shares, a reduction from the earlier target of 185.3 million shares.
2) Sagility India IPO
Sagility India Ltd. IPO, a healthcare company, will open for bidding next week at a price band of Rs 28-30 per share. The IPO of Sagility India consists entirely of an offer-for-sale of 70.22 crore equity shares by promoter Sagility BV, with no fresh issue component. The company aims to raise Rs 2,107 crore through this offering. This will be the second book-building IPO scheduled for next week, following Swiggy. The issue opens for subscription on November 5 and closes on November 7, with the anchor book available for subscription on November 4.
3) ACME Solar IPO
Acme Solar Holding Ltd. is expected to bring its IPO in November but the extact dates are yet to be determined. The company aims to raise Rs 3,000 crore through its public offer, comprising a fresh issue of Rs 2,000 crore and an offer-for-sale component of Rs 1,000 crore.
The company will allocate Rs 1,500 crore from the fresh proceeds of the IPO to pay off its debts, while the remaining funds will be used for general corporate purposes, an NDTV Profit report said.
4) Niva Bupa IPO
Niva Bupa Insurance Ltd., formerly Max Bupa and backed by private equity firm True North, has received SEBI approval for its Rs 3,000 crore IPO, expected to open for subscription in November. The IPO will consist of a fresh offer of RS 800 crore and an offer for sale of RS 2,200 crore, with promoters Bupa Singapore Holdings Pte. and investor Fettle Tone LLP divesting their stakes. The price band and specific dates are yet to be announced. Proceeds will be used to strengthen the company's capital base and solvency levels, as well as for general corporate purposes.
5) NTPC Green Energy IPO
NTPC Green Energy, one of India's largest public renewable energy firms and a subsidiary of NTPC Ltd., is set to launch its IPO in November following SEBI's approval on October 28. The company aims to raise Rs 10,000 crore through a fresh issue of shares with a face value of Rs 10 each, which will include reservations for NTPC employees and shareholders. It plans to allocate Rs 7,500 crore of the proceeds to its subsidiary, NTPC Renewable Energy Ltd., and to clear debts, with the remainder earmarked for general corporate purposes.
6) Avanse Financial Services IPO
Avanse Financial Services Ltd., a non-banking financial company, has received approval from SEBI to launch its Rs 3,500 crore IPO. The offering consists of a fresh issue of Rs 1,000 crore and an offer-for-sale of Rs 2,500 crore. The company intends to utilize the funds from the fresh issue to enhance its capital for business expansion.
7) One Mobikwik Systems IPO
One Mobikwik Systems is set to launch its Rs 1,900 crore IPO in November. This offering includes a fresh issue of Rs 1,500 crore and an offer-for-sale of Rs 400 crore. The specific dates and price bands for the IPO have yet to be announced.
8) Zinka Logistics IPO
Zinka Logistics Ltd., the parent company of the BlackBuck truck transportation app, is expected to launch its public offering in November. The IPO will feature a fresh issue of Rs 550 crore, along with an offer-for-sale of up to 2.16 crore equity shares.