Paytm, Policybazaar, five others get SEBI approval for IPOs. Find out more

Stock market investors will soon get a chance to invest in seven more companies that are launching their initial public offerings, in addition to the two companies that are starting their share sales this week.

While beauty products e-tailer Nykaa’s IPO is set to open for subscription on Thursday, Fino Payments Bank’s maiden offering will begin a day later. And seven more companies have received regulatory approval to launch their IPOs.

Four of these seven firms operate in the financial services or fintech domain. These are digital payments company Paytm, insurance marketplace Policybazaar, ESAF Small Finance Bank and Anand Rathi Wealth Ltd. The other three companies are KFC chain operator Sapphire Foods, life sciences company Tarsons Products and HP Adhesives.

These companies had filed their draft red herring prospectuses with the Securities and Exchange Board of India in July and August. They all received SEBI’s approval observations during October 18-22.

Paytm IPO snapshot

Paytm parent One97 Communications Ltd plans to raise Rs 8,300 crore through a fresh issue of shares. The IPO also includes an offer for sale of another Rs 8,300 crore by the company’s existing shareholders.

Paytm founder and chief executive Vijay Shekhar Sharma will sell some of his stake in the offer-for-sale.

In addition, investors who are selling shares include China’s Alibaba Group and sister firm AntPay, Indian venture capital investor Elevation Capital, Japan’s SoftBank and Warren Buffett’s Berkshire Hathaway.

One97 Communications had planned to go public almost a decade ago when its core business was providing value-added services to mobile phone operators, but it didn’t go through with an IPO at the time.

Policybazaar, ESAF, Anand Rathi IPO snapshot

PB Fintech, which operates Policybazaar and credit comparison website Paisabazaar, is planning an IPO of Rs 6,017.50 crore. This comprises a fresh issue of shares worth Rs 3,750 crore and an offer for sale of Rs 2,267.50 crore by existing shareholders including founder Yashish Dahiya and SoftBank.

ESAF Small Finance Bank’s Rs 998-crore IPO includes a fresh issue of shares worth Rs 800 crore and an offer for sale of Rs 198 crore by existing shareholders, according to its DRHP. While its parent company plans to sell shares worth Rs 150 crore, PNB MetLife will divest shares worth Rs 21.33 crore and Bajaj Allianz Life.

The IPO of Anand Rathi Wealth is completely an offer for sale of 1.2 crore shares by promoters and existing shareholders. The company is part of Mumbai-based financial services group Anand Rathi.

Sapphire Foods, Tarsons Products, HP Adhesives IPO snapshots

The IPO of Sapphire Foods, which operates KFC and Pizza Hut outlets, is an offer of sale of 1.76 crore shares by promoters and existing shareholders. The company is not raising any fresh capital.

Apart from promoter group entities, the selling shareholders include funds managed by Mumbai-based financial services firm Edelweiss.

Tarsons Products’ IPO comprises a fresh issue of shares worth Rs 150 crore and an offer for sale of 1.32 crore shares by promoters and an investor.

Its promoters Sanjive Sehgal and Rohan Sehgal will offload up to 3.9 lakh shares and 3.1 lakh shares, respectively. Investor Clear Vision Investment Holdings Pte Ltd will divest up to 1.25 crore shares.

HP Adhesives’ offering consists of a fresh issue of 41.40 lakh shares and an offer of sale of 4.57 lakh shares by promoter Anjana Haresh Motwani. The company makes consumer adhesives and sealants products such as solvent cement, synthetic rubber adhesive, acrylic sealant and PVC pipe lubricant.