iNewz.in Hindi News

Ipo Of Three Companies Including Policy Bazaar Opened, Paytm On November 8, See All The Important Information Here

News Desk, Amar Ujala, New Delhi

Published by: Surendra Joshi
Updated Mon, 01 Nov 2021 03:32 PM IST

Summary

The IPO of Policy Bazaar’s parent company PB Fintech has opened for subscription from Monday. This IPO of 5625 crores will be open till November 3. Under this IPO, new equity shares worth Rs 3450 crore will be issued.

November has started with good news for IPO investors. In fact, the initial public offerings (IPOs) of three companies, including PolicyBazaar, are open on Monday. These include the IPOs of Sigchi Industries and SJ Enterprises. All the three IPOs are worth around Rs 6550 crore. All these will be open for investment till November 3. The allotment of shares of these IPOs is also likely to take place on November 10 and listing on the exchange is to be done on November 15. A total of five IPOs are to come in the first 15 days of November to raise Rs 27,000 crore, of which three opened on Monday. Paytm’s biggest IPO will open on November 8.

Policy Bazaar’s IPO is worth 5625 crores
Insurance aggregator PolicyBazaar’s parent company PB Fintech’s IPO has opened for subscription from Monday. This IPO of 5625 crores will be open till November 3. Under this IPO, new equity shares of Rs 3450 crore will be issued, while the remaining shares of Rs 1875 crore will be issued under offer for sale. A price band of Rs 940-980 per share has been fixed for shares with a face value of Rs 2 each. The lot size for the issue is 15 shares i.e. investors will have to invest at least Rs 14700. The allotment of shares is likely to be final on November 10, while the listing may take place on November 15.

IPO of SJS Enterprises to raise 800 crores
The 800 crore IPO of decorative aesthetics industry giant SJS Enterprises will be open for subscription from November 1 to 3. This issue is purely of Offer for Sale (OFS) i.e. no new shares will be issued under this IPO. The company has fixed a price band of Rs 532 to 542 per share for equity shares having a face value of Rs 10. The lot size of 27 shares has been fixed for the issue i.e. according to the upper price of the price band, an investment of Rs 14,634 has to be made for one lot.

Sigachi Industries opens Rs 125 crore IPO
Investors can also subscribe for Rs 125 crore of microcrystalline cellulose maker Sigachi Industries between November 1 and 3. Microcrystalline is actually used in the pharma industry, food, agriculture, nutraceuticals and cosmetic industries. For equity shares with a face value of Rs 10, a price band of Rs 161 to Rs 163 per share has been fixed. The lot size has been fixed at 90 shares i.e. investors will have to invest at least Rs 14,670.

Expansion

November has started with good news for IPO investors. In fact, the initial public offerings (IPOs) of three companies, including PolicyBazaar, are open on Monday. These include the IPOs of Sigchi Industries and SJ Enterprises. All the three IPOs are worth around Rs 6550 crore. All these will be open for investment till November 3. The allotment of shares of these IPOs is also likely to take place on November 10 and listing on the exchange is to be done on November 15. A total of five IPOs are to come in the first 15 days of November to raise Rs 27,000 crore, of which three opened on Monday. Paytm’s biggest IPO will open on November 8.

Policy Bazaar’s IPO is worth 5625 crores

Insurance aggregator PolicyBazaar’s parent company PB Fintech’s IPO has opened for subscription from Monday. This IPO of 5625 crores will be open till November 3. Under this IPO, new equity shares of Rs 3450 crore will be issued, while the remaining shares of Rs 1875 crore will be issued under offer for sale. A price band of Rs 940-980 per share has been fixed for shares with a face value of Rs 2 each. The lot size for the issue is 15 shares i.e. investors will have to invest at least Rs 14700. The allotment of shares is likely to be final on November 10, while the listing may take place on November 15.

IPO of SJS Enterprises to raise 800 crores

The 800 crore IPO of decorative aesthetics industry giant SJS Enterprises will be open for subscription from November 1 to 3. This issue is purely of Offer for Sale (OFS) i.e. no new shares will be issued under this IPO. The company has fixed a price band of Rs 532 to 542 per share for equity shares having a face value of Rs 10. The lot size of 27 shares has been fixed for the issue i.e. according to the upper price of the price band, an investment of Rs 14,634 has to be made for one lot.

Sigachi Industries opens Rs 125 crore IPO

Investors can also subscribe for Rs 125 crore of microcrystalline cellulose maker Sigachi Industries between November 1 and 3. Microcrystalline is actually used in the pharma industry, food, agriculture, nutraceuticals and cosmetic industries. For equity shares with a face value of Rs 10, a price band of Rs 161 to Rs 163 per share has been fixed. The lot size has been fixed at 90 shares i.e. investors will have to invest at least Rs 14,670.

.

Leave a Reply