PB Fintech, the parent company of platforms like PolicyBazaar and PaisaBazaar, had the best listings in the stock market on Monday. The IPO of parent company Policybazaar PB Fintech was listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for Rs 1,150 on Monday. Policybazaar IPO was priced at 17.35 percent of the value of the article. The price of the IPO was Rs 980. At the time of writing, the goods of Policybazaar (PB Fintech) were selling at a profit of 6.70 per cent at a rate of Rs 1,227.
The list of SJS Enterprises was immutable
At the same time, SJS Enterprises, a company that makes decorative jewelry products, did not have a good list in the market. SJS Enterprises shares are listed at Rs 540 on the Bombay Stock Exchange (BSE). The company’s shares were recorded at a 0.4 percent discount from the release price. The price of SJS Enterprises was Rs 542. The shares of SJS Enterprises were listed on the National Stock Exchange (NSE) at a discounted price i.e. Rs 542. At the time of writing, shares of SJS Enterprises were trading at Rs 520.50, down 3.61 percent.
The IPO was priced at Rs 150-160 in the gray market
PB Fintech IPE has been open for registration from November 1-3. The company has raised Rs 5,625 crore through the first phase. PB Fintech IPO price was Rs 940-980. The IPO of parent company Policybazaar PB Fintech was priced at Rs 150-160 in the gray market 24 hours prior to registration. The company account was registered 16.59 times. The number of retailers registered was 3.31 times. Whereas the number of eligible buyers is registered 24 times.
The IPO of SJS Enterprises did not find a satisfactory solution. The company’s IPO was registered 1.59 times on the last day. This article was opened for registration between November 1-3. The company raised Rs 240 crore from anchor holders and the value group was Rs 531-542. IPO market growth was 27 times.