Top 7 IPOs Launching In October That Investors Are Waiting: Paytm, Adani & More
The increased demand for IPO Shares will be helpful for investors searching for short-term returns as well as long-term investments. Watching the present scenario of the market and hoping to get a more positive overview almost 35 companies plan to conduct IPOs between October and December, to raise nearly $800 billion.
Oyo according to a draft presented to the country’s market regulator, plans to raise around 84.3 billion rupees ($1.16 billion) in an IPO.
The Sensex is surging to fresh highs. Take a look at the IPOs set to take place in October 2021.
Paytm was planning to launch its IPO for Rs 16,600 crore as soon as possible, most likely in October. On July 15, Paytm had filed a draft for its initial share sale with the market regulator SEBI.
Paytm has an 11% market share in UPI payments.
The company intends to raise 83 billion through new share issuance and another 83 billion through an offer for sale, according to the draught document (OFS).
It will also target to expand and develop the Paytm ecosystem, business initiatives, acquisitions, and strategic partnerships.
Adani Wilmar, best known for its edible oil ‘Fortune’ and culinary supplies such as flour, pulses, sugar, and rice. It was founded in 1999.
The IPO’s goal is to raise capital to expand the company’s manufacturing facilities, pay down debt, and support strategic expansions and acquisitions.
Aadhar Housing Finance
Aadhar Housing Finance, backed by private equity firm Blackstone Group, is planning an initial public offering (IPO) to raise $73 billion. The company is one of the country’s largest affordable home finance companies.
The fertiliser manufacturer plans to raise $12.6 billion through a new share offering and the sale of approximately 120 million shares by current shareholders and promoters.
Manufacturing, trading, distribution, and sales of complex fertilisers such as diammonium phosphate (DAP) and NPK fertilisers are the main activities of Paradeep Phosphates.
Seven Islands Shipping
The public offering of Mumbai-based crude oil transportation and seaborne logistics company aims to raise $6 billion. The IPO will comprise a new issue worth $4 billion, according to the DRHP. The remaining portion of the public offering will be made up of an OFS by current shareholders and promoters.
Mandala Swede SPV, which owns a 6.16 per cent ownership in the company, is offering to sell 10.7 million shares to raise 3.5 billion through a new share offering.
The IPO revenues will be used to repay some debts, meet working capital needs, and for general business objectives, according to the company.
Arohan Financial Services
The IPO is expected to raise $8.5 billion for the Kolkata-based microfinance lender.