Mon Nov 04 14:08:25 UTC 2024: ## Busy Week Ahead for Indian IPO Market: Swiggy, Niva Bupa, and Sagility Lead the Charge

The Indian primary market is set to be buzzing this week with a total of five IPOs expected to raise over Rs 18,500 crore. Leading the pack is the much-anticipated Swiggy IPO, aiming to raise a whopping Rs 11,327.43 crore. The issue, which opens on November 6th and closes on November 8th, is a combination of fresh shares and an offer for sale, with the allotment expected on November 11th and listing on November 13th.

Joining Swiggy in the mainboard segment are three other IPOs:

* **Niva Bupa Health Insurance:** The IPO opens on November 7th and closes on November 11th, seeking to raise Rs 2,200 crore.
* **Sagility India:** This IPO, worth Rs 2,106.60 crore, will open on November 5th and close on November 7th.
* **ACME Solar Holdings:** The IPO opens on November 6th and closes on November 8th, targeting to raise Rs 2,900 crore.

On the SME front, **Neelam Linens and Garments** is set to raise Rs 13 crore through its IPO, which opens on November 8th and closes on November 12th.

The week’s IPO activity has sparked significant interest, with grey market premiums indicating strong demand for Sagility India and ACME Solar Holdings. Notably, Swiggy’s IPO has been met with high expectations, given the company’s established presence in the food delivery market.

Meanwhile, the news of a tragic bus accident in Uttarakhand claiming 35 lives has prompted condolences from Congress MP Rahul Gandhi, who urged the state administration to provide support and called upon Congress workers to assist in relief efforts. The Chief Minister has ordered an inquiry into the incident and suspended officials involved, while the DGP confirmed the death toll and announced compensation for the victims.

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