The fanfare in the primary market will continue for the next week as well. This week, the IPO of Paytm-owned One97 Communications will open, along with the IPOs of Sapphire Foods India, which operates KFC and Pizza Hut, and Latent View Analytics. The plan is to raise Rs 21,000 crore through these three IPOs.
Let us tell you that last week 5 companies have successfully completed their IPOs. These include IPOs of Nykaa, Fino Payments Bank, Policybazaar parent entity PB Fintech, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose maker Sigachi Industries.
The 3-day IPOs of Paytm, Sapphire Foods India and Latent View Analytics will open on November 8, November 9 and November 10 respectively.
Significantly, so far this year, Rs 86,650 crore has been raised through 47 IPOs in the primary market. So far in 2021, out of 47 IPOs, 35 IPOs are trading above their issue price while 15 of these IPOs have proved to be multibaggers.
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digital payment company paytm The issue will open on November 8 and close on November 10. Paytm is preparing to raise a total of Rs 18,300 crore from its IPO. In this, a fresh issue of Rs 8300 crore will be issued. Whereas shares worth Rs 10,000 crore will be sold in Offer for Sale (OFS). On Wednesday, Paytm raised Rs 8235 crore to anchor investors.
Sapphire Foods India Promoted by Samara Capital (Sapphire Foods India) has fixed the price band of its IPO at Rs 1120-1180. Earlier, the company had told that its IPO will open on November 9 and close on November 11. The company will be listed on the exchange on November 22.
Sapphire Foods, which operates KFC and Pizza Hut outlets, will have an offer for sale of 1.75 crore shares in the IPO. Under which the existing promoters and shareholders of the company will sell their stake. In this offer for sale, QSR Management Trust will sell 8.50 lakh shares. Whereas Sapphire Foods Mauritius Ltd will sell 55.75 lakh shares while WWD Ruby Ltd will sell 48.5 lakh shares. Wherein Amethyst Pvt. Ltd will sell 39.6 lakh shares.
In this offer for sale, AAJV Investment Trust will sell 80,169 shares while Edelweiss Crossover Opportunities Fund will sell 16.2 lakh shares. At the same time, Edelweiss Crossover Opportunities Fund Series II will sell 6.46 lakh shares.
Let us tell you that Sapphire Foods runs 437 restaurants in India, Sri Lanka and Maldives under the names of KFC, Pizza Hut and Taco Bell. With the growing middle class segment and the influx of outside eaters, the company expects a good opportunity to grab this opportunity through KFC and PizzaHut.
Data Analytics Services Company Latent View Analytics Ltd. has informed on November 3 that it has fixed the price band of its proposed IPO at Rs 190-197 per share. This IPO will open on November 10. The company wants to raise Rs 6000 crore through this IPO. The IPO will have a fresh issue of Rs 474 crore and an offer for sale of Rs 126 crore.
In this offer for sale, the promoter of the company Adugudi Viswanathan Venkatraman will sell his stake. Apart from this, other promoters and shareholders like Gopinath Kotishwaran, Ramesh Hariharan, Shubhramanyam Ramachandran, Divya Balakrishnan, Rajkumar Kalia Perumal, Ryabalakrishnan and Naveen Loganathan will sell their stake.
Most of the company’s earnings come from America. The US share of the company’s revenue is 92.88 per cent, while the UK business accounts for 1.85 per cent of the company’s revenue. In FY21, the company’s consolidated profit grew by 25.6 per cent to Rs 91.46 crore. However, during the same period, the company’s income declined by 1.4 per cent to Rs 305.88 crore.
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