Shares of Policybazaar can be listed on the inventory exchanges on Monday (November 15). The shares of PB Fintech (the father or mother firm which operates Policybazaar) can be listed each on Nationwide Inventory Alternate (NSE) and Bombay Inventory Alternate (BSE).
PB Fintech via its Policybazaar preliminary public supply (IPO) had raised Rs 5,625 crore earlier this month. The portion reserved for certified institutional consumers (QIBs) was subscribed 24.89 instances, retail buyers’ portion was booked 3.31 instances and that of non-institutional buyers noticed 7.82 instances subscription.
The IPO was subscribed 16.58 instances between November 1 and November 3, when it was open for subscription.
It consisted of a contemporary subject of Rs 3,750 crore and a proposal on the market of Rs 1,960 crore by shareholders, together with SVF Python II (Cayman).
The corporate plans to boost visibility and generate better consciousness about its manufacturers (Policybazaar in addition to Paisabazaar) via the proceeds.
It would increase shopper base together with offline presence, make strategic investments and acquisitions and also will arrange bases in different nations.
Microcrystalline cellulose producer Sigachi Industries’ shares may even be listed on NSE and BSE on November 15.
It is IPO had seen 101.91 instances subscription earlier this month. It had obtained bids for 54,89,47,440 shares in opposition to 53,86,500 shares on supply that had opened on November 1. The supply had closed on November 3, 2021.
The portion for non-institutional buyers was subscribed 172.43 instances, these reserved for QIBs 86.51 instances and retail buyers’ share was subscribed 80.49 instances.
Sigachi Industries is engaged within the manufacturing of microcrystalline cellulose which is extensively used as an excipient for completed dosages within the pharmaceutical trade and has diversified purposes in meals, nutraceuticals, and the beauty industries.
Shares of SJS Enterprises may even debut on the bourses on Monday. It is IPO was subscribed 1.59 instances.