4 Big IPOs Lined Up For November 2021

IPOs are attracting all classes of investors alike, while the chase for the fashion e-tailer was defined to be fashionable, Policybazaar IPO is said to have garnered huge anchor investor interest alike. Amid fantabulous frenzy for IPOs, here are the IPOs lined up for November 2021:

1. Paytm:

The company backed by China's Alibaba will open up a huge Rs. 18300 crore IPO on November. Considering the upper end of the price band of Rs. 2150, the company will rank among the country's top 50 companies' by market capitalisation, surpassing the valuations of established companies' such as NTPC among others. The company's losses reduced for the June period owing to cost control on marketing as well as payment processing charges.

2. Policybazaar:

The fintech company with 2 platforms mainly Policybazaar and another Paisabazaar is slated to come up with an IPO on November 1. The Rs. 5709 crore IPO will include a
fresh issue of Rs. 3,759 crore and an offer for sale of Rs. 1,959 crore by its existing shareholders. The prime revenue source for the company is as commission which is obtained on selling policies from insurers.

3. SJS Enterprises:

Decorative aesthetics supplier SJS Enterprises is also set to launch its IPO on November 1 to raise a total of Rs. 800 crore via a complete OFS. The 2 stakeholders diluting stake are Evergraph and KA Joseph who will be offloading shares worth Rs. 710 and Rs. 90 crore, respectively.

The industries catered to by the company range from commercial vehicles, medical devices, farm equipment and sanitary ware industries. The company's manufacturing facilities are located in Bengaluru and Pune.

4. Sapphire Foods:

Sapphire Foods will launch its IPO on November 9, 2021 and this will also be entirely an OFS for 1,75,69,941 equity shares being offloaded by investors and promoters.

Promoters - QSR Management Trust will sell 8.5 lakh equity shares, and Sapphire Foods Mauritius will offload 55.69 lakh equity shares through offer for sale. Further, WWD Ruby will sell 48.46 lakh equity shares, Amethyst 39.61 lakh shares, and AAJV Investment Trust will offload 80,169 equity shares.Other investors, Edelweiss Crossover Opportunities Fund and Edelweiss Crossover Opportunities Fund - Series II will sell 16.15 lakh equity shares and 6.46 lakh equity shares, respectively, via OFS.
The company is among one of the YUM's franchisee operator. The company's ownership is into food outlets including KFC, Pizza Hut and Taco Bell. The major stake in the firm of 45.52 percent is held by Sapphire Foods Mauritius while 5.83 percent is owned by QSR Management Trust.