Upcoming IPOs in India: Swiggy and More Set to Launch on November 4
Get ready for significant IPO activity starting November 4, with four major listings including Swiggy's ₹11,327 crore IPO.
This decline was due to record outflows from foreign institutional investors (FIIs).
The primary market is set for significant activity starting November 4. Four major IPOs, including the highly anticipated Swiggy IPO, will launch on Dalal Street. One SME IPO will also open next week.
In October, the Indian stock market faced a notable sell-off. The Nifty 50 index dropped 7.5% from its all-time high.
This decline was due to record outflows from foreign institutional investors (FIIs), disappointing Q2 earnings, and rising geopolitical tensions in the Middle East.
Despite these challenges, the primary market remained active.
Six mainboard IPOs were launched, including Hyundai Motor India's record-breaking ₹27,870.16 crore IPO.
Looking ahead, there are four mainboard companies and one SME IPO planned for the first week of Samvat 2081. Afcons Infrastructure Ltd., part of the Shapoorji Pallonji Group, will also debut on the stock market.
Upcoming IPOs:
Sagility India IPO
Open: November 5
Close: November 7
Amount: ₹2,106.60 crore
Price Band: ₹28 to ₹30 per share
Details: This is an offer-for-sale (OFS) of 70.22 crore equity shares by promoter Sagility BV. Before the IPO, ₹366 crore was raised by selling a 2.61% stake to institutional investors.
Swiggy IPO
Open: November 6
Close: November 8
Amount: ₹11,327.43 crore
Price Band: ₹371 to ₹390 per share
Details: The IPO includes a fresh issue of 11.54 crore equity shares worth ₹4,499 crore and an OFS of 17.51 crore shares valued at ₹6,828.43 crore.
ACME Solar Holdings IPO
Open: November 6
Close: November 8
Amount: ₹2,900 crore
Price Band: ₹275 to ₹289 per share
Details: This consists of a fresh issue of 8.29 crore shares totaling ₹2,395 crore and an OFS of 1.75 crore shares worth ₹505 crore.
Niva Bupa Health Insurance IPO
Open: November 7
Close: November 11
Amount: ₹2,200 crore
Details: The issue has a fresh issue of ₹800 crore and an OFS of ₹1,400 crore. Price bands are yet to be announced.
Neelam Linens and Garments IPO
Open: November 8
Close: November 12
Price Band: ₹20 to ₹24 per share
Details: The SME IPO plans to raise ₹13 crore through a fresh issue of 54.18 lakh equity shares. The shares will be listed on NSE SME, with a tentative listing date of November 18.
IPO Listing Next Week
The Afcons Infrastructure IPO will list on November 4. Shares will debut on both BSE and NSE. Experts predict a flat or discounted listing based on current trends in the grey market premium (GMP).
