7 companies have got approval from the Securities Exchange Board of India (SEBI) to bring IPO. These companies include PB Fintech Limited, ESAF Small Finance Bank, Sapphire Foods India, Anand Rathi Wealth, One97Communications Limited, HP Adhesives and Tarson Products Limited.
One97 Communications IPO
It is the parent company of Paytm. Under Paytm’s IPO, fresh shares worth Rs 8,300 crore will be issued, while Rs 8,300 crore or offer for sale (OFS) will be brought. This will be India’s biggest IPO till date. Till now this record was held by Coal India, which brought IPO of Rs 15,000 crore for nearly a decade.
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PB Fintech IPO Limited
This online platform is owned by Policybazaar and Paisabazaar. Under Policybazaar’s IPO, fresh shares worth Rs 3750 crore will be issued, while an offer for sale (OFS) of Rs 2267.50 crore will be brought. Policybazaar is the country’s largest online platform for insurance and lending products.
ESAF Small Finance Bank IPO
The IPO of ESAF Small Finance Bank consists of a fresh issue of Rs 800 crore and an offer for sale (OFS) of Rs 197.78 crore from its existing promoters and shareholders.
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Sapphire Foods India (Sapphire Foods IPO)
The IPO of Sapphire Foods India will be purely Offer for Sale (OFS). Under this, the existing shareholders and promoters will sell their 1.757 crore shares. The shareholders of the company include QSR Management Trust, Sapphire Foods Mauritius Limited, WWD Ruby Limited, Edelweiss Crossover Opportunities Fund Series II etc.
Anand Rathi Wealth IPO
Anand Rathi’s IPO will also be purely offer for sale (OFS). Under this, the existing shareholders and promoters will sell their approximately 92.9 lakh shares. Anand Rathi Wealth is counted among the top Non-Bank Wealth Solutions Firms in India. It is among the top three non-bank mutual fund distributors in the country as per the gross commission recorded in FY20.
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HP एडहेसिव्स (HP Adhesives IPO)
Under the IPO of HP Adhesives, 41.40 new equity shares will be issued, while promoter Anjana Harish Motwani will sell his 4,57,200 shares. HP Adhesives manufactures consumer adhesives and sealant products such as PVC, solvent cement, synthetic rubber adhesives, PVA adhesives, silicone sealants, acrylic sealants, gasket shellac, other sealants and PVC pipe lubricants.
Tarsons Products IPO
Under the IPO of Tarson Products Limited, fresh shares worth Rs 150 crore will be issued and 1.32 crore shares will be offered under Offer for Sale (OFS). The company manufactures labware products that are used to advance scientific discovery and improve health services. As of March 2021, the company had a diversified product portfolio of around 300 products.
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