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These 5 IPOs will hit market in first half of November

The initial share sale of Sapphire Foods India will open for public subscription on November 9 and conclude on November 11. The IPO will be entirely an offer of sale of 1,75,69,941 equity shares by promoters and existing shareholders.

October 31, 2021 / 04:29 PM IST

After a month-long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and Policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively.

The other three firms whose initial share sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises, and microcrystalline cellulose manufacturer Sigachi Industries.

The IPOs of FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.

The three-day initial share-sales of Nykaa and Fino Payments Bank will conclude on November 1 and November 2, respectively. Nykaa is looking to raise Rs 5,352 crore through its IPO, while fintech firmFino Payments Bank is seeking to mobile Rs 1,200 crore through the initial share sale.