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The listing of all three IPOs will take place on Monday. The subscription was open from November 1 to 3.

Highlights:

  • The IPO subscriptions of the three companies were open from November 1 to 3.
  • PolicyBazaar IPO received good response from investors during the subscription period.
  • PolicyMarket’s IPO got 16.59x subscriptions between November 1 and November 3.

New Delhi: There are going to be 3 IPO listings on Monday. It will list IPOs of PB Fintech (policy market), SJS Enterprises and Sigachi Industries. The IPO subscriptions of the three companies were open from November 1 to 3. PolicyBazaar IPO received good response from investors during the subscription period. PolicyMarket’s IPO got 16.59x subscriptions between November 1 and November 3.

Gray market trends are giving confidence that the listing of these three stocks will be good and profitable. According to dealers in the unauthorized market, a company with strong principles, good valuation, growth prospects and more money is in high demand.

According to Unlisted Arena co-founder Abhay Doshi, the policy will surprise both positively despite concerns about market valuation and poor membership of SJS Enterprises. While the keen gray market tracker said the issue of Sigachi remains to be seen. On the day of listing, the company can double the wealth of the investors.

The IPO of PB Fintech, the father of the policy market and money market, was the largest of the three. The company has raised Rs 5,625 crore through the first route. The company sold its shares in the 940-980 range. PB Fintech subscribed a total of 16.59 times. Shares of Sigachi Industries have raised Rs 125.43 Crore. Apart from this, SJS Enterprises can also give positive surprises. But SJS Enterprises got the weakest response among the three IPOs. It was subscribed just 1.59 times.

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