The issue will comprise only primary share sale
Debutant Nykaa almost doubled from its issue price of Rs 1,125 at the day's high of Rs 2,248, and finally ended with a 96 per cent premium over its issue price
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The parent firm of Paytm has launched India's biggest IPO. And the owner of Pizza Hut and KFC is opening its IPO today. Both these companies are loss-making. So, what should investors do?
Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, on Monday said it has raised Rs 933 crore from anchor investors ahead of its IPO rollout on Tuesday. The company has decided to allocate a total of 79,06,473 equity shares to 53 anchor investors at Rs 1,180 apiece, aggregating the transaction size to Rs 932.96 crore, according to a circular uploaded on BSE website. Government of Singapore, Monetary Authority of Singapore, Fidelity Funds, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, ICICI Prudential Life Insurance Company, Bajaj Allianz Life Insurance Company and Sundaram Mutual Fund (MF) are among the anchor investors. The initial public offering (IPO) will be entirely an offer of sale (OFS) of 17,569,941 equity shares by promoters and existing shareholders. As a part of the OFS, QSR Management Trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Ameth
The broader markets also logged decent gains. The BSE Midcap and Smallcap indices jumped 1.3 per cent and 0.9 per cent, respectively.
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Many are hoping that the shares will do well going ahead due to the relatively attractive valuations
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In most cases, the demand in the anchor category gives an indication to how successful the IPO is likely to be
At the top end of the price band, Paytm will be valued at Rs 1.39 trillion, making it 36th most valued listed firm in the country
Bankers said the retail participation this year has been an encouraging sign, particularly in loss-making unicorns
Covid is mentioned 78 times in the IPO document of FSN E-Commerce Ventures Ltd, which runs online beauty store Nykaa
The company's IPO is a pure offer-for-sale (OFS) by promoter Sion Investment Holdings Pte Limited, an affiliate of Baring Private Equity Asia.
Over half a dozen IPOs looking to raise over Rs 32,000 crore have got lined-up
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent and PolicyBazaar parent lining up IPOs in Nov to raise over Rs 27,000 crore collectively
A total of 26.2 million shares have been allocated to over 150 funds at Rs 980 per share
The issue, with a price band of Rs 531-542 a share, will open on November 1 and conclude on November 3
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