3 Upcoming IPOs to Look Forward To

The rush for the IPOs continues. From beauty brands to food delivery apps, the record for startup's IPO seems to shoot up. The three-day IPOs of Paytm, Sapphire Foods India and Latent View Analytics are scheduled to hit capital markets on November 8, November 9 and November 10, respectively.

In 2021, 46 Companies floated IPOs which raised INR 80,102 crore and expected to raise INR 1 lakh crore by the year end.

Paytm

One97 Communication, a digital firm which operates under brand name Paytm is set to open its offering for subscription from 8th November 2021 to 10th November 2021.

Price band is expected to be of Rs 2080 to Rs 2,150 per equity for the upcoming IPO.

If successful, Paytm's 18,300 crore-offer will be the biggest in the country after Coal India's IPO in 2010 wherein the state owned company had garnered Rs. 15,200 crore.

The IPO comprises issuance of fresh equity shares worth Rs 8,300 crore and Offer for Sale by existing shareholders to the tune of Rs 10,000 crore.

Paytm has raised Rs. 8,235 crore from anchor investors ahead of its initial share sale.

Paytm IPO Grey Market Premium: Paytm shares were trading at a premium of Rs 150 in the grey market. This was lower than the share price band fixed at Rs 2,080 to Rs 2,150 per equity share. A grey market premium indicates the nature of shares on the stock market.

Sapphire Foods India

Sapphire Foods, an omni-channel restaurant operator and the largest franchisee of Yum Brands in India. The Finger licking good KFC, Pizza Hut are operated by Sapphire Foods in India, Srilanka and Maldives. The company will launch its IPO from 9th November 2021 to 11th November 2021.

The price band is expected to be of Rs 1,120 to 1,180 a share for its Rs 2,073-crore initial public offering.

The IPO will be entirely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders. The company said that up to 75 percent of the shares has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional buyers and the remaining 10 per cent for retail investors.

Latent View Analytics

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 clientele across countries in the United States, Europe, and Asia.

Latent View Analytics opens its offerings from 10th November 2021 to 12th November 2021. The price band is expected to be of Rs 190- 197 per share for its Rs. 600-crore initial share-sale.

The IPO comprises fresh issue of equity shares worth Rs 474 crore. An offer of sale of equity shares to the tune of Rs 126 crore by a promoter and existing shareholders.

Proceeds from the fresh issue will be used for funding inorganic growth initiatives, working capital requirements of the subsidiary Latent View Analytics Corporation and investment in subsidiaries to augment their capital base for future growth and general corporate purposes.

Things To Look Out For In The IPOs