IPOs Closing: Three IPOs are closing on Wednesday, a day before Diwali. Today is the last chance for investors to earn. These three IPOs were open for subscription on 1 November. The three IPOs that closed today include PB Fintech Ltd, the parent company of online insurance aggregator Policybazaar, SJS Enterprises Limited and Sigachi Industries. Know about these three IPOs:-
PB Fintech (PB Fintech Ltd)
- PB Fintech is the operator of Policybazaar and Paisabazaar.
- The Rs 5,700 crore IPO of the company is closing today.
- This includes a fresh issue of equity shares worth ₹3,750 crore and an offer for sale by existing shareholders for approximately ₹1,960 crore.
- The price band has been kept at Rs 940-980 per share.
- A minimum of 15 equity shares can be bid.
- A maximum of 13 lots can be bid.
- 10% of the issue is for retail investors.
- It has been subscribed 1.59 percent in the last two days.
SJS Enterprises
- The Rs 800 crore IPO is also closing today.
- The IPO is purely an offer for sale of shares worth ₹710 crores by Evergraph Holdings Pte Ltd and shares of ₹90 crores by KA Joseph.
- Till Tuesday it was 54 percent subscribed.
- The price band has been kept from Rs 531 to Rs 542.
- Bidding can be done for minimum 27 shares.
- Before the IPO, the company raised Rs 240 crore from anchor investors on 29 October.
Sigachi Industries
- The Rs 43 crore IPO is closing today.
- This IPO got fully subscribed within the first hour itself.
- Till Tuesday, it had got 23.1 times subscription.
- The price band has been fixed at Rs 161-163 per share.
- The company plans to issue 76.95 lakh shares.
how to buy ipo
- If you have an active demat account then you can apply for IPO.
- One can apply for IPO through both offline and online modes.
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