Until recently, Sebi regulations mandated that pre-IPO investors in a company cannot offload shares after its listing for a period of one year
On Monday, November 15, 2021, Capital Research And Management Co A/C New World Fund Inc had purchased 3.41 million equity shares at price of Rs 1,192.96 per share.
In a Q&A, the Policybazaar Founder and Chairman talks about how his staff will gain from the listing, and what his parents feel about the IPO
Sigachi Industries list at 253% premium, Policybazaar at 17% premium mover issue price
At the last closing price, Policybazaar parent PB Fintech was valued at Rs 54,000 crore. The company has raised Rs 3,750 crore in fresh capital in its IPO
Debutants exhibited mixed outing on Day 1. PB Fintech was up 4.4 per cent, Sigachi Industries zoomed 270.5 per cent, while SJS Enterprises ended at a 5 per cent discount to issue price
Shares of PB Fintech Ltd, which operates online insurance platform Policybazaar and Paisabazaar, listed with a premium of over 17 per cent against its issue price of Rs 980 on Monday.
The stock listed at Rs 1,150, a 17 per cent premium over to its issue price of Rs 980 per share on the BSE.
SJS Enterprises' offering just about managed to scrape, while Sigachi Industries was subscribed 71x
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent and PolicyBazaar parent lining up IPOs in Nov to raise over Rs 27,000 crore collectively
A total of 26.2 million shares have been allocated to over 150 funds at Rs 980 per share
33.5% of the total allocation to anchor investors was made to 18 domestic mutual funds through 69 mutual fund schemes
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With Sensex and Nifty below near-term support levels, what's the road ahead for markets? Will this weakness shift focus to primary markets, where Nykaa and Policybazaar are ready with their IPOs?
The company is looking to raise Rs 5,700 crore at a Rs 44,000-crore valuation
The Japanese venture fund currently has a 13 per cent stake in the IPO-bound company
The IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders
As per the draft papers, the firm may consider raising around Rs 750 crore by way of a private placement of equity shares ahead of the IPO
Of the total fundraising, a large chunk would be garnered by technology-driven companies
The IPO comprises a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale (OFS) of Rs 2,267.50 crore by existing shareholders