A Week of Major IPOs: Swiggy, Niva Bupa, Sagility, and ACME Solar Seek to Raise Over Rs 18,500 Crore in India's Primary Market

India’s primary stock market will take center stage next week as four key IPOs are set to open, representing various sectors: Swiggy in food delivery, Niva Bupa in health insurance, Sagility in healthcare services, and ACME Solar in renewable energy. Combined, these companies aim to raise Rs 18,534 crore, injecting significant capital into the Indian stock market and providing diverse investment opportunities for retail investors. Here’s a detailed breakdown of each offering, including timelines, issue sizes, price bands, and structures.

1. Swiggy IPO: Leading the Wave with a Rs 11,327.43 Crore Offering

The spotlight of the week is on Swiggy, India’s renowned food delivery platform, which is looking to raise over Rs 11,327 crore. Swiggy’s IPO, scheduled to open for subscription on November 6, is expected to attract substantial interest, not only due to its scale but also because of Swiggy’s standing as one of India’s largest food delivery services.

• Dates for Retail Investors: November 6 to November 8

• Price Band: Rs 371 to Rs 390 per share

• Total Issue Size: Rs 11,327.43 crore

• Fresh Issue: Rs 4,499 crore

• Offer for Sale (OFS): Rs 6,828.43 crore

This IPO will be a combination of a fresh equity issue aimed at raising Rs 4,499 crore and an Offer for Sale (OFS) from existing shareholders valued at Rs 6,828.43 crore. The fresh capital will primarily fund Swiggy’s expansion and technological enhancements, further solidifying its position in the food delivery market. Investors are watching this IPO closely as it represents one of the largest issues in the digital services sector for the year.

2. Sagility India IPO: Healthcare Service Provider Offering Rs 2,106.60 Crore

Sagility India, an emerging player in the healthcare services domain, will launch its IPO on November 5, marking the beginning of the week’s primary market action. The IPO for Sagility will run until November 7, making it the first among these major offerings to reach retail investors.

• Dates for Retail Investors: November 5 to November 7

• Price Band: Rs 28 to Rs 30 per share

• Total Issue Size: Rs 2,106.60 crore

• Offer for Sale (OFS): Entire IPO as an OFS

The entire Sagility IPO will be an OFS, meaning that all shares in this public issue are being sold by existing shareholders, with no new shares issued. This offering structure often appeals to investors who are interested in gaining equity in a company without the dilution of existing share values. Proceeds from this IPO will go to the selling shareholders rather than being used for business expansion or investment, which is typical for an OFS.

3. ACME Solar Holdings IPO: Renewable Energy Firm Raising Rs 2,900 Crore

ACME Solar, a significant player in India’s renewable energy sector, is next in line, launching its IPO from November 6 to November 8. This IPO, valued at Rs 2,900 crore, will attract interest from investors focused on sustainable energy and the potential growth of renewable energy markets in India.

• Dates for Retail Investors: November 6 to November 8

• Price Band: Rs 275 to Rs 289 per share

• Total Issue Size: Rs 2,900 crore

• Fresh Issue: Rs 2,395 crore

• Offer for Sale (OFS): Rs 505 crore

ACME Solar’s IPO includes a fresh issue of Rs 2,395 crore and an OFS of Rs 505 crore. The fresh capital will support the company’s renewable energy projects, particularly expanding its solar power capacity. This move aligns with India’s push toward renewable energy and environmental sustainability, which positions ACME Solar as a potentially attractive investment for those looking to support or capitalize on the nation’s green energy transition.

4. Niva Bupa Health Insurance IPO: Insurance Sector Giant with a Rs 2,200 Crore Goal

Niva Bupa Health Insurance, one of India’s leading private health insurance providers, rounds out the list, with its IPO launching for retail investors on November 7 and closing on November 11. The company’s planned Rs 2,200 crore IPO highlights the growing significance of the health insurance sector in India, driven by rising healthcare awareness and increasing demand for private insurance coverage.

• Dates for Retail Investors: November 7 to November 11

• Total Issue Size: Rs 2,200 crore

• Fresh Issue: Rs 800 crore

• Offer for Sale (OFS): Rs 1,400 crore

Niva Bupa’s IPO comprises an Rs 800 crore fresh issue along with an OFS of Rs 1,400 crore from existing investors. The fresh capital raised will be utilized to reinforce the company’s operational capabilities, expand its coverage, and strengthen its presence in underserved markets. As health insurance becomes a critical focus in India’s evolving healthcare landscape, Niva Bupa’s IPO provides investors an opportunity to participate in the sector’s anticipated growth.

The Significance of These IPOs

This wave of IPOs highlights the vibrancy of India’s stock market and underscores investor confidence in the country’s high-growth sectors. With companies spanning digital services, healthcare, renewable energy, and insurance, the offerings reflect India’s diverse economic landscape. Investors will have multiple options to diversify their portfolios based on their risk appetite and sector preferences.

The cumulative capital sought through these IPOs Rs 18,534 crore reflects an optimistic outlook for the Indian market. These capital injections will allow each company to pursue growth opportunities, enhance operational capacity, and drive innovation within their respective fields, contributing to broader economic growth.

Investment Strategies for Retail Investors

Retail investors interested in these IPOs should weigh each offering’s potential against their personal investment goals. It’s essential to consider factors like the long-term growth prospects of each sector, the IPO structure (particularly the proportion of fresh issues vs. OFS), and how well-positioned each company is to capitalize on market trends.

Moreover, diversification across sectors food delivery, healthcare services, renewable energy, and insurance could be a prudent approach, as each sector presents unique growth opportunities and risk profiles.

Conclusion: A Week of Diverse Investment Opportunities

Next week’s IPO activity promises to bring momentum to India’s primary market, with Swiggy, Sagility, ACME Solar, and Niva Bupa seeking a combined Rs 18,534 crore. Each company’s IPO offers retail investors a unique opportunity to participate in some of the most dynamic sectors in India today.

Whether it’s Swiggy’s food delivery network, Sagility’s healthcare services, ACME Solar’s renewable energy projects, or Niva Bupa’s health insurance, the primary market is set to see considerable interest. For investors, it’s a chance to align with the country’s growth story and diversify across emerging sectors that will play crucial roles in India’s economic trajectory.