The third week of November concentrates the first day of trade for initial public offerings that together raised about $3.3 billion, the biggest weekly amount for the local market in 11 years. That includes Paytm’s debut on Thursday following its $2.4 billion offering, the country’s biggest on record.
A rallying stock market helped spur multiple technology unicorns to list in India this since January, with proceeds raised in new-share sales at over $12 billion, already a record for a full-year. Companies that listed in the country in 2021 rose by an average of 20% in the first session, Bloomberg data show.
PB Fintech Ltd., the operator of online insurance marketplace Policybazaar, kicks off the line up on Monday after raising $761 million. Other debuts today are S.J.S. Enterprises Ltd. ($107 million) and Sigachi Industries Ltd. ($17 million). Then the big one, Paytm, begins trading on Thursday.
A rallying stock market helped spur multiple technology unicorns to list in India this since January, with proceeds raised in new-share sales at over $12 billion, already a record for a full-year. Companies that listed in the country in 2021 rose by an average of 20% in the first session, Bloomberg data show.
PB Fintech Ltd., the operator of online insurance marketplace Policybazaar, kicks off the line up on Monday after raising $761 million. Other debuts today are S.J.S. Enterprises Ltd. ($107 million) and Sigachi Industries Ltd. ($17 million). Then the big one, Paytm, begins trading on Thursday.
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