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.
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.
Sagility India IPO
Sagility India will open its IPO worth Rs 2,106.60 crore on November 05. The issue is entirely an offer for sale of 70.22 crore shares. The IPO will close on November 07. The allotment of shares will likely be finalised by November 08 and listing on NSE and BSE on November 12. The company was commanding a grey market premium of 10% in the grey market, indicating a listing pop. The company set the IPO price band between Rs 28 and Rs 30 per equity share. The issue also includes an employee reservation. ICICI Securities, IIFL Securities, Jefferies India, and J.P. Morgan India are the book-running lead managers. Link Intime India is the registrar for the issue.
ACME Solar Holdings IPO
ACME Solar Holdings aims to raise a sum of Rs 2,900 crore. The IPO opens on November 06 and closes on November 08. The issue is a combination of a fresh issue and an offer for sale. The ACME Solar Holdings were also fetching a similar grey market premium that of Sagility India. The allotment of shares will be finalised on November 11. The listing on NSE and BSE is likely to be on November 13. The company kept the IPO price band in a range of Rs 275 to Rs 289 per equity share. Nuvama Wealth Management, ICICI Securities, JM Financial, Kotak Mahindra Capital Company, and Motilal Oswal Investment Advisors are the lead book runners of the issue. Kfin Technologies was the registrar for the issue.
SME IPO
Neelam Linens and Garments IPO
Neelam Linens and Garments IPO aims to raise Rs 13 crore by selling 54.18 lakh fresh shares. The IPO opens on November 8 and closes on November 12. The allotment of shares is expected to be finalised on November 13. The IPO will likely list on the NSE SME platform on November 18. The SME IPO kept the IPO price band at Rs 20 to Rs 24 per equity share. Expert Global Consultants is the book-running lead manager while Purva Sharegistry India is the registrar for the issue. The market maker for the IPO is Globalworth Securities.