Exciting IPOs to Watch Next Week: Swiggy, Sagility India, and More Set to Buzz Dalal Street - Read Now
Next week, investors can look forward to several exciting IPOs, including Swiggy and Sagility India. With significant activity on Dalal Street, it's an important time for market participants to stay informed about upcoming opportunities.
With Indian primary market all set to get ready for a flurry of activities starting November 4, four mainboard IPOs, of which the much-awaited Swiggy IPO, investors are waiting eagerly to make a splash. The coming week is likely to buzz on Dalal Street especially after a volatile October wherein the Nifty 50 index declined by 7.5% owing to huge foreign institutional investor outflows and also because of the lackluster quarterly earnings.
IPOs Next Week:
Sagility India IPO: Opens on November 5 and to close on November 7, Sagility India, a health services company is planning to mop up ₹2,106.60 cr. Shares are available within a price band of ₹28-30 and form an offer-for-sale (OFS) of 70.22 crore equity shares by the promoter Sagility BV.
Swiggy IPO: The much-awaited Swiggy IPO, worth ₹11,327.43 crore will open for public subscription from November 6 to November 8. As per the company, the price band is placed in the range of ₹371 and ₹390 per share with the fresh issue of 11.54 crore shares to be valued at ₹4,499 crore along with an OFS of 17.51 crore shares.
ACME Solar Holdings IPO: Launch Date - November 6 Closes on - November 8 Price band-₹275 to ₹289 per share; a Rs 2,900 Cr fund raising exercise combining fresh equity of 8.29 Cr shares and an offer for sale of 1.75 Cr shares in one tranche.
Niva Bupa Health Insurance IPO: Opening date is 7 November and closes on 11 November. The company would raise ₹2,200 crore. The price band is still not out, but the issue would consist of a fresh issue of ₹800 crore and an OFS component of ₹1,400 crore.
Neelam Linens and Garments IPO opens on 8th November and closes on 12th of November at ₹20 - ₹24 per share price band, while raising a fresh issue worth ₹13 crore.
IPO listing next week.
On November 4, Afcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group, will be listed. If grey market premium trends are any guide, there's a fair chance it might list flat or even discounted.
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