Five IPOs to hit market in H1 of Nov; seek to raise over ₹27,000 crore
Millennium Post Delhi|November 01 2021
Dgital firm One97 Communications, which operates under Paytm brand name, is set to come out with it Rs 18,300 crore IPO on Nov 8

NEW DELHI: After a month-long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policy bazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively.

The other three firms whose initial share sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises, and microcrystalline cellulose manufacturer Sigachi Industries.

The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription. The three-day initial share-sales of Nykaa and Fino Payments Bank will conclude on November 1 and November 2, respectively. Nykaa is looking to raise Rs 5,352 crore through its IPO, while fintech firm Fino Payments Bank is seeking to mobile Rs 1,200 crore through the initial share-sale.

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