New IPOs: There is great news for IPO investors. There can be an opportunity to invest money in about seven companies. Markets regulator SEBI has approved an IPO of more than Rs 28,000 crore. These companies had submitted their draft papers to SEBI between July and August. The companies got approval from the regulator during October 18-22. It also includes IPOs of ESAF Small Finance Bank, Sapphire Foods India and Anand Rathi Wealth.
Apart from this, PB Fintech, which operates digital companies like Policybazaar and Paisabazaar, Paytm’s parent company One97 Communications, life sciences company Tarsons Products and HP Adhesives (HP). Adhesives) has also got SEBI approval to bring its IPO. After the success of the IPO, the shares of these seven companies will be listed on BSE and NSE.
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Documents were filed in July and August
- ESAF Small Finance Bank (SFB) got approval from SEBI on Monday to launch an IPO. SFB had filed the draft papers in July. Under the IPO of Rs 997.78 crore, fresh shares worth Rs 800 crore will be issued, while shares worth Rs 197.78 crore will be sold under offer for sale (OFS), according to the papers filed with SEBI. The money raised through the issue of new shares will be used to raise Tier-I capital to meet future capital requirements. Under the OFS, PNB MetLife, Bajaj Allianz Life, PI Ventures and John Chakola will reduce their stake.
- Sapphire Foods India, which operates KFC and Pizza Hut outlets, plans to raise Rs 1500-2000 crore through IPO. As per the draft red herring prospectus filed by the company with SEBI, no fresh shares will be issued under its IPO and the existing shareholders are QSR Management Trust, Sapphire Foods Mauritius, WWD Ruby, Amethyst, AAGV Investment Trust, Edelweiss Crossover Opportunities Fund and Edelweiss will sell 1,75,69,941 equity shares under Crossover Opportunities Fund-Series 2 OFS.
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- Anand Rathi Wealth, a unit of Mumbai-based financial services group Anand Rathi, plans to raise Rs 1,000 crore through IPO. According to the draft papers, this IPO is completely OFS i.e. under this the promoters and existing shareholders will sell 12 million equity shares of their share. Under the OFS, Anand Rathi Financial Services, Anand Rathi, Pradeep Guptas Amit Rathi, Preeti Gupta, Supriya Rathi, Rawal Family Trust, Jugal Mantri and Firoz Aziz will reduce their stake.
- Paytm plans to raise Rs 8,300 crore by issuing new equity shares. Apart from this, shares worth Rs 8300 crore will be issued under OFS under the company’s IPO. Apart from Paytm founder, MD and CEO Vijay Shekhar Sharma, Alibaba Group companies will sell their stake under OFS.
- PB Fintech, owner of digital companies such as online insurance platform PolicyBazaar and credit comparison portal Paisabazaar, Paytm’s parent company One97 Communications, life science company Tarsons Products and Echerry Adhesives have also got SEBI approval for IPOs. These companies had filed their papers between July and August, after which between October 18-22, the market regulator SEBI gave approval to bring IPO, on which the situation became clear on Monday.
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