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Upcoming IPOs: 3 Subscriptions to Open Next Week, Including Swiggy

Upcoming IPOs: 3 Subscriptions to Open Next Week, Including Swiggy
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The Indian stock market is gearing up for an exciting week starting 4 November, with three big IPOs coming your way. Swiggy, Sagility, and ACME Solar are poised to go public, offering investors diverse opportunities. From the tech-driven food delivery giant Swiggy to the healthcare solutions provider Sagility and the renewable energy leader ACME Solar, these IPOs promise to bring fresh energy and potential to the market.

Upcoming IPOs

Swiggy: Company Overview

One of India’s leading food delivery platforms has become a household name by making dining experiences accessible and seamless. Known for rapid deliveries, an extensive network of restaurant partnerships, and a growing customer base, Swiggy is pushing to expand its market share and service reach through this IPO. With fresh capital infusion, Swiggy plans to strengthen its technological infrastructure and explore new ventures, such as grocery and alcohol delivery, which have shown promising growth in recent years.

Swiggy IPO Details

Offer Price₹371 to ₹390 per share
Face Value₹1 per share
Opening Date6 November 2024
Closing Date8 November 2024
Total Issue Size (in Shares)290,446,837 shares
Total Issue Size (in ₹)₹11,327.43 Cr (Fresh issue ₹4,499.00 Cr & OFS ₹6,828.43 Cr)
Issue Type Book Built Issue IPO
Lot Size38 Shares
Listing at BSE, NSE
Source: SEBI DRHP

Swiggy’s IPO is a book-built issue worth Rs 11,327.43 crore, including a fresh issue of 11.54 crore shares worth Rs 4,499 crore and an offer for sale of 17.51 crore shares worth Rs 6,828.43 crore. The allotment of shares is expected to be finalized on November 11th, 2024. The shares are likely to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 13th, 2024.

SWOT Analysis of Swiggy

STRENGTHSWEAKNESSES
Strong brand identity and widespread recognition among consumers.

A vast network of restaurants, ensuring a diverse range of cuisines and options for customers.

A user-friendly app and efficient delivery tracking system contributing to a seamless customer experience.

Various innovative services like Instamart for grocery delivery and Swiggy Genie for miscellaneous deliveries, expanding its reach.
Operations rely heavily on delivery partners, leading to operational challenges and cost fluctuations.

It is a highly competitive food delivery market, with players like Zomato vying for market share.

Maintaining a large delivery fleet and managing logistics can incur significant costs.

Occasional issues with order accuracy, delivery delays, or poor customer service can tarnish the brand’s reputation.
OPPORTUNITIESTHREATS
There is significant potential for growth in smaller cities and towns, where food delivery services are still emerging.

Exploring new avenues like grocery delivery, meal kits, and cloud kitchens can further expand the business.

Collaborating with restaurants, grocery stores, and other businesses can create synergies and enhance offerings.

Adopting advanced technologies like AI and machine learning can improve efficiency.
Rising interest rates impact loan affordability.
Economic slowdown potentially leads to increased delinquencies.
Regulatory changes in the housing finance sector.

Sagility: Company Overview

Sagility India Limited is a leading healthcare technology solutions and services provider, catering primarily to US health insurers and healthcare providers. Their services include claims management, enrollment, benefits plan building, premium billing, credentialing, revenue cycle management, clinical management, and payment integrity.

With a significant workforce of over 35,000 employees and a strong focus on technology and innovation, Sagility India leverages advanced technologies like AI and ML to enhance efficiency and accuracy. 

Sagility IPO Details

Offer Price₹28 to ₹30 per share
Face Value₹10 per share
Opening Date5 November 2024
Closing Date7 November 2024
Total Issue Size (in Shares)702,199,262 shares
Total Issue Size (in ₹)OFS ₹2,106.60 Cr
Issue Type Book Built Issue IPO
Lot Size500 Shares
Listing at BSE, NSE
Source: SEBI DRHP

Sagility India’s Initial Public Offering (IPO) is a book-built issue valued at Rs 2,106.60 crore. The entire issue comprises an offer for the sale of 70.22 crore shares. The subscription period for the IPO is from November 5th to 7th, 2024.

Allotment is anticipated on November 8th, 2024, and the shares are expected to list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on November 12th, 2024.

SWOT Analysis of Sagility

STRENGTHSWEAKNESSES
Deep understanding of specific industries and technologies.

A pool of skilled professionals with diverse expertise. 

Established relationships with key clients.Ability to adapt to changing project requirements and deliver solutions quickly.

Emphasis on adopting new technologies and methodologies.
Reliance on a few major clients for revenue.

Competition from larger consulting firms with greater resources.

Difficulty in attracting and retaining top talent.

Potential challenges in managing remote teams and ensuring quality.
OPPORTUNITIESTHREATS
Leveraging emerging technologies like AI, ML, and cloud computing.

Assisting clients in their digital transformation journeys. 

Expanding into new markets and geographies. 

Collaborating with other technology companies to offer comprehensive solutions.
There is an increasing risk of cyberattacks and data breaches.

Changes in regulations can impact business operations.

Difficulty in finding skilled professionals in a competitive market.

ACME Solar Holdings Limited – Company Overview

ACME Solar Holdings Limited is a prominent Indian renewable energy company that was established in June 2015. Specializing in solar and wind energy, it ranks among India’s largest producers of electricity from these sources. The company’s operations encompass developing, constructing, operating, and maintaining large-scale renewable energy projects, leveraging its in-house EPC and O&M teams.

As of March 31, 2024, ACME Solar Holdings boasted a total operational solar power capacity of 1,320 MW (1,802 MWp). Acme generates revenue by selling electricity to various customers, including government-supported plants.

Acme Solar IPO Details

Offer Price₹275 to ₹289 per share
Face Value₹2 per share
Opening Date6 November 2024
Closing Date8 November 2024
Total Issue Size (in Shares)100,346,022 shares
Total Issue Size (in ₹)₹2,900.00 Cr (Fresh issue ₹2,395.00 & OFS ₹505.00 Cr)
Issue Type Book Built Issue IPO
Lot Size51 Shares
Listing at BSE, NSE
Source: SEBI DRHP

ACME Solar Holdings’ IPO is a book-built issue valued at Rs 2,900 crore. The issue comprises a fresh issue of 8.29 crore shares worth Rs 2,395 crore and an offer for sale of 1.75 crore shares worth Rs 505 crore. The IPO’s allotment is anticipated on 11 November 2024, and the shares are expected to list on 13 November 2024.

SWOT Analysis of Acme Solar

STRENGTHSWEAKNESSES
Well-established in India’s renewable energy sector, with a significant operational and contracted capacity.

A seasoned management team with a proven track record in renewable energy.

Diversified revenue base, reducing its reliance on a single customer or project.

Robust pipeline of projects, ensuring future growth and revenue generation.

In-house EPC and O&M capabilities enable efficient project execution and management.
Changes in government policies and regulations can impact operations and profitability.

Factors like solar irradiance and wind speed, which are beyond the company’s control, influence the performance of renewable energy projects.

The company’s debt levels could also impact its financial flexibility and ability to invest in new projects.
OPPORTUNITIESTHREATS
India’s increasing focus on renewable energy presents significant growth opportunities.

Leveraging advancements in solar and wind technology can improve efficiency and reduce costs. 
Expanding into international markets can diversify revenue streams and mitigate risks.

Collaborating with other industry players can enhance capabilities and accelerate growth.
It is a highly competitive renewable energy sector, with numerous players vying for market share.

Disruptions in the supply chain of solar modules and other components can impact project timelines and costs.

Climate change and natural disasters can pose risks to the company’s operations.
Source: SEBI DRHP

Look Forward to These IPOs

In the coming weeks, investors can look forward to several other high-profile IPOs, including Swiggy, ACME Solar Holdings, and Sagility. Other IPOs are Niva Bupa Health Insurance, NTPC Green, Avanse Financial Services, One Mobikwik Systems, and Zinka Logistics IPO. 

The upcoming week promises to be busy for Indian investors, with Swiggy, Sagility, and ACME Solar each representing different sectors. As these companies tap into the public markets, investors should carefully analyze their financial performance, growth prospects, and risk factors before making investment decisions.

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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.

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