Policybazaar Shares To Debut On Bourses On November 15

Published:Nov 29, 202307:32

Policybazaar Shares To Debut On Bourses On November 15

Shares of PB Fintech, the mum or dad firm of Policybazaar might be listed on November 15

Shares of Policybazaar might be listed on the inventory exchanges on Monday (November 15). The shares of PB Fintech (the mum or dad firm which operates Policybazaar) might be listed each on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).PB Fintech by way of its Policybazaar preliminary public provide (IPO) had raised Rs 5,625 crore earlier this month. The portion reserved for certified institutional patrons (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 difficulty of Rs 3,750 crore and a suggestion on the market of Rs 1,960 crore by shareholders, together with SVF Python II (Cayman).The firm plans to reinforce visibility and generate larger consciousness about its manufacturers (Policybazaar in addition to Paisabazaar) by way of the proceeds.It will increase shopper base together with offline presence, make strategic investments and acquisitions and also will arrange bases in different international locations.Microcrystalline cellulose producer Sigachi Industries' shares will even be listed on NSE and BSE on November 15.It's 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 provide that had opened on November 1. The provide 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 broadly used as an excipient for completed dosages within the pharmaceutical business and has various functions in meals, nutraceuticals, and the beauty industries.Shares of SJS Enterprises will even debut on the bourses on Monday. It's IPO was subscribed 1.59 instances.

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