The primary market will be busy for the whole week, starting with Sagility India which will raise more than Rs 2,000 crore while the whole of the primary capital market will raise a bit over Rs 18,500 crore. In the mainboard segment, four IPOs will open this week with one of the most awaited Swiggy IPO. However, it is a lacklustre week for SME IPOs with just one offering.
Mainboard IPO
Swiggy IPO
Swiggy IPO opens on November 06 and closes on November 08. It aims to raise Rs 11,327.43 crore. The issue is a combination of a fresh issue as well as an offer for sale. The allotment of shares is likely to be finalised on November 11. The listing on NSE and BSE is expected to be on November 13. Swiggy set the IPO price band at Rs 371 to Rs 390 per equity share. The issue includes a reservation of up to 750,000 shares for employees offered at a discount of Rs 25 to the issue price. Kotak Mahindra Capital Company, Citigroup Global Markets India, Jefferies India, Avendus Capital, JPMorgan India, BoFA Securities India, and ICICI Securities are the book-running lead managers. Link Intime India is the registrar for the issue.
Also ReadSwiggy IPO to open on November 06: 6 things you need to know including price band, issue details, proceeds, listing day
Niva Bupa Health Insurance IPO
Niva Bupa Health Insurance IPO opens for bidding on November 07. The IPO closes on November 11. The company wants to raise Rs 2,200 crore. The issue is a combination of fresh shares and an offer for sale. The allotment of shares is expected to be finalized on November 12. The company will likely be listed on BSE and NSE on November 14. The company set the IPO price band between Rs 70 to Rs 74 per equity share. ICICI Securities, Morgan Stanley India Company, Kotak Mahindra Capital Company, Axis Capital, HDFC Bank, and Motilal Oswal Investment Advisors are the book-running lead managers. Kfin Technologies is the registrar for the issue.
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