Upcoming IPO In NOVEMBER 2021
Upcoming Ipo In NOVEMBER 2021.There is good news for the IPO market. IPOs of six companies have been approved by market regulator SEBI. These companies include Star Health & Allied Insurance, an investment by Rakesh Jhunjhunwala, Adani Wilmar, an FMCG company of the Adani Group, and Nykaa, an e-commerce brand.
According to a report, the companies had submitted initial documents for the IPO to Securities and Exchange Board of India (SEBI) in May and August. . While their promoters and current shareholders will bring 4.31 crore equity share offer for sale. The IPO is expected to raise Rs 3,500 crore to Rs 4,000 crore.
Hyderabad-based Penna Cement will announce new shares worth Rs 1,300 crore through an IPO. While shares worth Rs 250 crore will be sold under offer for sale.
SEBI last week gave the green signal to the six companies to bring in IPOs between October 11 and 14. The report also said that SEBI currently has IPO documents of 52 companies. A final decision on this is pending.
Latent View Analytics IPO will issue new shares worth Rs 474 crore through its IPO. While the existing promoters and shareholders will bring an offer for sale of Rs 126 crore.
Sigachi Industries will sell 76.95 lakh equity shares through an IPO. All these companies will be listed on BSE and NSE.
FMCG company Adani Wilmar wants to raise Rs 4,500 crore through a fresh issue through an IPO. dani Wilmar makes edible oils from the Fortune brand. The company is a joint venture between Adani Enterprise and Wilmer International, an Asian agri business. This segment of Adani Group could include Mother Dairy Dhara, Nature Fresh, Cargill, Marico's Safula, Agro Tech Foods' Sundrop and Patanjali Oil. At the same time, Ramdev's company will also compete with Ruchi Soya. The country's largest private health insurance company has also approved Star Health Insurance for an IPO. Star Health Insurance has a market share of about 15.8%. The company wants to raise Rs 5,500 crore through its proposed IPO. The company will announce a fresh issue of Rs 2,000 crore. While 6,01,04,677 equity shares will be sold in an offer for sale. Under which the promoter and current shareholders of the company will sell their stake.
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