Upcoming IPOs this week – Swiggy, Niva Bupa Health Insurance and others

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Hyundai Motor India recently completed the country’s largest initial public offering (IPO) and after a slow week during the festive season, companies have again started queuing up to raise funds in the primary market.

Four motherboard companies and one small and medium enterprise (SME) are looking to raise funds in the primary market this week. Motherboard companies include Swiggy, which will also be the biggest IPO this week.

In this post, we look at the IPOs that will take place on Dalal Street this week:

Sagility India

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Sagility India will begin the IPO race this week. The IPO will open on November 5th and close on November 7th. Sagility India is a healthcare-focused solutions and services provider primarily serving the US. The company is seeking to raise ₹2,106.60 crore, which is entirely an offer for sale (OFS) and does not include the fresh issue.

Swiggy

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Food and grocery aggregator Swiggy is all set to go public, following in the footsteps of its rival Zomato. The company hopes to raise ₹11,327.43 crore from the primary market, including a fresh issue of ₹4,499 crore and an offer for sale component of ₹6,828.43 crore. The company’s IPO will begin on November 6 and end on November 8.

ACME Solar Holdings

ACME Solar Holdings, a renewable energy company that produces electricity from wind and solar, is looking to raise ₹2,900 crore in the primary market, which includes a fresh issue of ₹2,395 crore and an offer for sale component of ₹505 crore. The company’s IPO will begin on November 6 and end on November 8.

Health insurance Niva Bupa

Niva Bupa Health Insurance, a joint venture (JV) between Fettle Tone LLP and Bupa Group, is set to go public with a target of raising ₹2,200 crore in the primary market, which includes a fresh issue of ₹800 crore and an offer for sale component. worth ₹1,400 crore. The company’s IPO will begin on November 7 and end on November 11.

SME IPO this week

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Amid stricter rules for SME IPOs, only one SME is set to raise funds this week. Neelam Linens and Garments, a home furnishings company, is looking to raise INR 13 crore in the primary market, which is a completely new challenge. The company’s IPO will open on November 8 and close on November 12.