Paytm, two other IPOs to mop up Rs21,000 cr next week

New Delhi, November 5

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Hectic fundraising through IPOs will continue next week, with three firms — One97 Communications, owner of Paytm; Sapphire Foods India, which operates KFC and Pizza Hut outlets; and Latent View Analytics — are set to launch their initial share sales to collectively mop up around Rs 21,000 crore.

This comes after five companies successfully concluded their IPOs this week.

The IPOs of Paytm, Sapphire Foods and Latent View Analytics are scheduled to open on November 8, 9 and 10, respectively. So far in 2021, 46 companies have floated their IPOs to raise Rs 80,102 crore and experts believe the year should close with the Rs 1-lakh crore primary market fundraising. — PTI