New IPOs: Diwali box is open for IPO investors even before Diwali. Today the IPOs of three companies including PolicyBazaar are open. Today IPOs of about Rs 6550 crores of Policybazaar, Sigachi Industries and SJS Enterprises are open. All these IPOs will remain open till November 3. Apart from these three companies, today another company can also invest money in the issue of Nykaa, but today is the last day to subscribe to this IPO of 5352 crores. Important details are being given below about all the issues and information about the company is also being given.
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PolicyBazaar IPO
- The IPO of PB Fintech, the parent company of insurance aggregator Policybazaar, has opened for subscription today. This IPO of 5625 crores will be open till November 3.
- Under this IPO, new equity shares of Rs 3450 crore will be issued while the remaining shares of Rs 1875 crore will be issued under offer for sale.
- A price band of Rs 940-980 per share has been fixed for shares having a face value of Rs 2.
- The lot size for the issue is 15 shares i.e. investors will have to invest at least Rs 14700.
- The allotment of shares may be finalized on November 10, while the listing may take place on November 15.
- Link Intime India has been appointed as the Registrar for the issue.
- The company will spend Rs 1,500 crore out of the funds raised through the IPO in creating awareness about other brands including PolicyBazaar. It will spend Rs 375 crore to increase its customer base, which includes reaching out to customers through offline channels as well. In addition, the company will make strategic investments and acquisitions with Rs 600 crore and expand outside the country with Rs 375 crore. Talking about the financial position of the company, it has not made profit in the last three financial years but the revenue has increased continuously. The company’s revenue in FY 2019 was Rs 528.80 crore which increased to Rs 855.56 crore in FY 2020 and increased to Rs 957.41 crore in FY 2021.
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SJS Enterprises IPO
- The 800 crore IPO of decorative aesthetics industry giant SJS Enterprises will be open for subscription from November 1-3 for subscription.
- This issue is purely of Offer for Sale (OFS) i.e. no new shares will be issued under this IPO.
- The company has fixed a price band of Rs 532-542 per share for equity shares having a face value of Rs 10.
- The lot size of 27 shares has been fixed for the issue i.e. Rs 14,634 will have to be invested according to the upper price of the price band.
- The allotment of shares under the IPO will be final on November 10 and its listing on the exchange can be done on November 15.
- 50 per cent of the IPO has been reserved for Qualified Institutional Investors (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors.
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- The registrar for this issue has been fixed with Link Intime India Pvt.
- It is a leading company in the country’s decorative aesthetics industry, which manufactures products according to the needs of two wheeler, passenger vehicles, commercial vehicles, consumer appliances, medical devices, agricultural machinery and sanitary ware industries. The company manufactures body graphics, 3D Luxe badges, aluminum badges, lens mask assemblies and decoration parts. Its products are not only sold in the country, but according to the available data for FY 2021, it has about 170 customers in 20 countries around the world. Talking about the financial position of the company, its net profit has increased in the last three financial years. Its net profit (Profit After Tax) in the financial year was Rs 37.60 crore, which increased to Rs 41.28 crore in FY 2020 and it increased to Rs 47.76 crore in the next financial year itself.
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Sigachi Industries IPO
- Investors can subscribe for Rs 125 crore of microcrystalline cellulose maker Sigachi Industries between November 1-3. Microcrystalline is used in the pharma industry, food, agriculture, nutraceuticals and cosmetic industries.
- For equity shares with a face value of Rs 10, a price band of Rs 161-163 per share has been fixed.
- The lot size has been fixed for 90 shares i.e. investors will have to invest at least Rs 14,670.
- The allotment of shares is likely to be finalized on November 10 and listing on the exchange will take place on November 15.
- Bigshare Services has been appointed as the Registrar for the issue.
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- Sigchi Industries manufactures microcrystalline cellulose which is used in the food, pharma, nutraceuticals and cosmetic industries. The company has a presence in markets around the world and also has a strong focus on R&D. It also gets incentives from the government. Talking about the financial position of the company, its net profit in the June quarter increased by 48 percent year-on-year. The company’s net profit (Profit After Tax) in the June 2020 quarter was Rs 6.06 crore, which increased to Rs 8.99 crore in the June 2021 quarter.
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