Country’s leading fintech and e-commerce companies are coming up with IPO

IPO Launch Diwali is going to come in the IPO market from next week even before Diwali. From the country’s leading fintech companies to the giants running online shopping portals, they are about to launch their IPO in the market. The great thing is that these IPOs have also got approval from the stock market regulator SEBI. The four big companies that are coming up with IPO are aiming to raise a total of Rs 29,717 crore from the market. Let’s take a look at one such IPO.

Paytm IPO

The biggest IPO in the history of Indian capital market can knock in the next few days. This is Paytm which can launch its Intial Public Offering (IPO) anytime in the next few days. SEBI has given its approval to Paytm to launch an IPO of Rs 16,600 crore. After the Rs 15,200 crore IPO of Coal India in the year 2010, Paytm’s IPO will be the biggest IPO in the country so far.

It is believed that soon Paytm will announce the dates of the IPO. By the way, it is expected that the company can launch the IPO in the market around Diwali in the last week of October or the first week of November. Paytm expects a valuation of 20 to 22 billion dollars. The company has not yet decided the price band of the shares for the IPO.

Nykaa IPO

The IPO of Nykaa, a company that sells Beauty and Wellness products online, will open for subscription on October 28. FSN is preparing to raise Rs 5,200 crore from the market through E-commerce Ventures Limited’s Nykaa IPO. The Nykaa IPO will open for subscription on October 28 and investors will be able to bid for shares of the company till November 1. The issue price band is Rs 1,085-1,125 and a lot size of 12 shares is Rs 13,500. Investors can apply for a maximum share of 14 lots of Rs 1,89,000. SEBI approved Nykaa to launch an IPO on 11 October.

Nykaa is a leading multi-brand beauty and personal care platform in India and is making its presence felt in the fashion space. With the money raised from the IPO, the company will open new retail stores as well as set up new warehouses. Along with expansion, the company is also planning to repay some debt. So that the interest cost can be reduced. Listing of Nykaa is possible on the stock exchange on November 11.

PolicyBazaar IPO

PolicyBazaar, an e-commerce company selling online insurance products, is about to launch its IPO. The company has got approval from SEBI to bring IPO. PolicyBazaar is coming up with an IPO of Rs 6,017.50 crore. SoftBank has 9.45 percent stake in PolicyBazaar, it will sell its stake equivalent to Rs 1875 crore through IPO. The company’s cofounders Yashish Dahiya and Alok Bansal will also sell their shares worth Rs 345 crore in the IPO. It is believed that PolicyBazaar will get a valuation of $ 6 billion based on the IPO price.

Mobikwik IPO

Digital payment company Mobikwik is also going to launch its IPO. Mobikwik has got approval from SEBI to bring IPO. It is believed that the company will bring an IPO of Rs 1,900 crore. It is expected that Mobikwik can also bring its IPO around Diwali. Based on the IPO price, the company can achieve a valuation of one billion dollars. The company has not yet decided its price band for the IPO.

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Paytm IPO: Country’s largest IPO coming with Paytm, approval from SEBI to launch IPO