As part of its approval of Seven Initial Public Offerings (IPOs) last week, the Securities and Exchange Board of India (Sebi) approved Paytm, which aims to raise a minimum of Rs 16,600 crore in what may be India’s largest scheduled share sale ever.
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As well as Policybazaar, Anand Rathi Wealth, ESAF Small Finance Bank, Tarsons Products, Sapphire Foods, and HP Adhesives, Sebi approved them on Monday.
Paytm will issue a fresh issue worth ₹8,300 crore, and the remaining amount will be offered for sale, allowing existing investors to exit.
Policybazaar plans to raise about ₹6,018 crore through a fresh issue of ₹3,750 crore and an offer for sale by its existing shareholders and promoters of ₹2,267.50 crore.
Anand Rathi Wealth, a Mumbai-based financial services group, has also been approved by the Sebi for its proposed IPO of Rs 1,000 crore. An IPO consists of the sale of 12 million equity shares by the promoters and other shareholders.
Tarsons Products, a life sciences company, plans to raise about Rs 1,500 crore through an IPO.
Fresh equity shares up to Rs 150 crore will be issued, along with an offer to sell 13.2 million equity shares by existing shareholders and promoters.
ESAF Small Finance Bank’s IPO consists of a fresh issue of Rs 800 crore and an offer to sell Rs 197.78 crore by its existing promoters and shareholders.
Sapphire Foods India’s initial public offering consists of an offer for sale of 17.57 million shares by existing shareholders and promoters.
Sebi approved the offers from six companies in the week ended October 16: Adani Wilmar, Nykaa, Star Health and Allied Insurance Company, Penna Cement, Latent View Analytics, and Sigachi Industries.
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