IPO Opening - Opportunity to earn bumper before Diwali, 4 IPOs including Policybazaar are opening today

Posted by : admin / On : 01 Nov 2021

Before Diwali, investors have a great opportunity to earn bumper. IPOs of 4 companies are opening for subscription today. These include PB Fintech, the parent company of online insurance aggregator PolicyBazaar, Suyog Gurbaxani, SJS Enterprises and Sigachi Industries. These IPOs will close on 3rd November. Policybazaar and Paisabazaar operator PB Fintechs Rs 5,700 crore IPO opens today. In this, fresh shares worth Rs 3,750 crore will be issued while shares worth Rs 1,960 crore will be sold through offer for sale. For this, the price band has been kept at Rs 940-980 per share. A minimum of 15 equity shares can be bid. That is, retail investors will have to bid at least Rs 14,700 for a lot. Bidding can be made for a maximum of 13 lots. 10% of the issue is for retail investors. Policybazaar raised Rs 2,569 crore from 155 anchor investors ahead of the IPO. The company got nearly 40 times the bids in the anchor slot. These included well-known insurance companies like HDFC Life, ICICI Prudential, Bajaj Allianz Life, SBI General Insurance, and Max Life Insurance. In addition, Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and other companies also participated. PB Fintechs existing investors Steadview Capital, Tiger Global and Falcon Edge have doubled their investment in the company through anchor investments.

Before Diwali, investors have a great opportunity to earn bumper. IPOs of 4 companies are opening for subscription today. These include PB Fintech, the parent company of online insurance aggregator PolicyBazaar, Suyog Gurbaxani, SJS Enterprises and Sigachi Industries. These IPOs will close on 3rd November. Policybazaar and Paisabazaar operator PB Fintechs Rs 5,700 crore IPO opens today. In this, fresh shares worth Rs 3,750 crore will be issued while shares worth Rs 1,960 crore will be sold through offer for sale. For this, the price band has been kept at Rs 940-980 per share. A minimum of 15 equity shares can be bid. That is, retail investors will have to bid at least Rs 14,700 for a lot. Bidding can be made for a maximum of 13 lots. 10% of the issue is for retail investors. Policybazaar raised Rs 2,569 crore from 155 anchor investors ahead of the IPO. The company got nearly 40 times the bids in the anchor slot. These included well-known insurance companies like HDFC Life, ICICI Prudential, Bajaj Allianz Life, SBI General Insurance, and Max Life Insurance. In addition, Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and other companies also participated. PB Fintechs existing investors Steadview Capital, Tiger Global and Falcon Edge have doubled their investment in the company through anchor investments.