05 Nov , 2021 By : Kanchan Joshi
After a small pause, the IPO season seems to continue with as many as three companies scheduled to hit the capital markets with their initial public offerings in the second week of November. Fintech firm Paytm, KFC operator Sapphire Foods and analytics company Latent View Analytics will launch their public issue on November 8, 9 and 10 respectively.
IPOs next week -
Paytm: Digital firm One97 Communications, which operates under Paytm brand name, will open its issue on November 8 for subscription in the price band of Rs2,080-2,150 apiece, which will close on November 10. Paytm plans to raise Rs18,300 crore from the IPO which comprises Rs8,300 crore from issuance of fresh equity and Rs10,000 crore from offer for sale (OFS).
Paytm's Rs18,300 crore-offer, if successful, will be the biggest in the country after Coal India's IPO back in 2010 wherein the state-owned company had garnered Rs15,200 crore.
The digital payments and financial services firm on Wednesday raised Rs8,235 crore from anchor investors ahead of its initial share sale.
Sapphire Foods: Sapphire Foods India, which operates KFC and Pizza Hut outlets, will launch its initial share-sale on November 9 and conclude on November 11. It has fixed a price band of Rs1,120-1,180 a share for its Rs2,073-crore issue. The IPO will be entirely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders.
Latent View Analytics: The analytics firm has fixed a price band of Rs190-197 a share for its Rs600-crore initial share-sale that opens for public subscription on November 10 and will conclude on November 12. The IPO comprises fresh issue of equity shares worth Rs474 crore and an offer of sale of equity shares to the tune of Rs126 crore by a promoter and existing shareholders.
The company provides services ranging from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions.
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