New IPOs: There is good news for IPO investors. Next week, three companies, including the country’s largest digital payment company Paytm, are going to open IPOs worth about Rs 21 thousand crore. Apart from Paytm, the IPO of Sapphire Foods, which runs KFC and Pizza Hut, and Latent View Analytics, a company that provides digital services, will open next week. All these IPO subscriptions will open for three days but not all IPOs will open on the same day. Instead, first Paytm IPO will be open for subscription on 8th November, then Sapphire Foods IPO on 9th November and then Latent View Analytics IPO on 10th November. In these three IPOs, investors will have to invest at least Rs 42032 according to the upper price of the fixed price band.
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One 97 Communications Limited IPO (Paytm IPO)
- The country’s largest digital payment company Paytm’s Rs 18,300 crore IPO will open on November 8. This IPO will be open till November 10.
- Under the issue, new shares worth Rs 8300 crore will be issued while shares worth Rs 10 thousand crore will be sold under Offer for Sale (OFS).
- The price band for shares with face value of Re 1 has been kept at Rs 2080-2150 per equity share.
- Paytm’s parent company One97 Communications has fixed a lot size of 6 shares i.e. investors will have to invest at least Rs 12900.
- The allotment may be final on November 15 while the shares may get listed on the exchange on November 18.
- Link Intime India has been appointed as the Registrar for the issue.
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- The company has around 333 million customers and 114 million annual transacting users and 21 million registered merchants.
- Talking about the financial condition of the company, in the last three financial years there has been no profit (Profit After Tax) but the loss has come down. In the financial year 2019, the company had a loss of Rs 4230.9 crore, which came down to Rs 2942.4 crore in the next financial year 2020 and then came down to Rs 1701 crore in the next financial year 2021.
- With Rs 4300 crore raised through IPO, the company will further strengthen its ecosystem. Two thousand crore rupees will be invested in new business or acquisition or strategic partnership. Apart from this, the money will be used for general corporate purposes.
Sapphire Foods IPO
- The IPO of Sapphire Foods, the company that runs KFC and Pizza Hut restaurants in the country, will open for subscription on November 9-11 next month. No new shares will be issued under this IPO i.e. it is completely Offer for Sale (OFS).
- Under the IPO of 2073 crore, a price band of Rs 1120-1180 per share has been fixed for shares with a face value of Rs 10.
- The company has fixed the lot size of 12 shares i.e. according to the upper price of the price band, investors will have to invest at least Rs 14160.
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- The allotment of its shares can be final on November 16 and the listing can be done on November 22.
- Link Intime India has been appointed as the Registrar for the issue.
- Sapphire Foods is an omni-channel restaurant operator as well as the largest franchise company of Yum Brands in the Indian sub-continent. It has 204 KFC restaurants in India and Maldives as of March 31, 2021. It has 231 Pizza Huts in India, Sri Lanka and Maldives. It has two Taco Bell restaurants in Sri Lanka. Before this, another big operator company of KFC and Pizza Hut in India, Devyani International has brought its IPO of Rs 1838 crore in August itself.
Latent View Analytics IPO
- The Latent View Analytics IPO will be open for subscription for three days from November 10-12.
- Under this IPO of Rs 600 crore, new shares worth Rs 474 crore will be issued, while the remaining Rs 126 crore shares will be sold by the promoters and existing shareholders of the company under the offer for sale (OFS).
- For face value shares of Re 1, the company has fixed a price band of Rs 190-197.
- The company has fixed the lot size of 76 shares i.e. investors will have to invest at least Rs 14972.
- The allotment of shares may be finalized on November 16 and listing on the exchange may take place on November 22.
- The money raised through the issue of new shares under this issue will be used for inorganic growth of the company, to meet the working capital requirements of the company’s subsidiaries. In addition, it will be used to invest in a subsidiary of Latent View Analytics so that they can use it for their future growth. This capital will also be used for general corporate purposes.
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- Link Intime India has been appointed as the Registrar for the issue.
- The company provides services ranging from data and analytics consulting to business analytics and insights, advanced predictive analytics, data engineering and digital solutions. The company has worked with more than 30 Fortune 500 companies in the last three financial years. Talking about the financial position of the company, its net profit (Profit After Tax) has increased continuously in the last three years. It had a net profit of Rs 59.67 crore in FY 2019, while it had a profit of Rs 72.84 crore in FY 2020 and Rs 91.46 crore in FY 2021.
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