IPO of these companies did Diwali blast, got better response than expected

 New Delhi, PTI. IPOs of 3 companies are open at this time and they are getting great subscription. These include PB Fintech Ltd., Fino Payments Bank and Sigachi Industries. On the other hand, Nykaa's initial public offering (IPO) was subscribed 81.78 times on the last day of the issue. FSN E-COMMERCE VENTURES LTD. Nykaa is an online sales platform for beauty and wellness products. Institutional investors have shown great interest in the company's IPO.



Nykaa IPO


As per data available on NSE, bids were received for a total of 2,16,59,47,080 shares for the IPO of 2,54,85,479 shares worth Rs 5,352 crore. The eligible institutional investors (QIBs) segment was subscribed 91.18 times, non-institutional investors 112.02 times and retail individual investors 12.24 times. The IPO was fully subscribed on the very first day on Thursday.

Under the IPO of FSN E-Commerce Ventures, fresh shares worth Rs 630 crore have been offered. Apart from this, the promoters and existing shareholders have brought offers for sale (OFS) of 4,19,72,660 equity shares. The price range for the IPO was kept at Rs 1,058-1,125 per share. The company had raised Rs 2,396 crore from anchor investors on Wednesday.


PB Fintech Ltd. IPO


PB Fintech Ltd., which operates online insurance platform PolicyBazaar and portal Paisabazaar. Its initial public offering (IPO) got 54 percent subscription on the first day on Monday. According to the data of the National Stock Exchange, 1,85,59,800 shares were received for the IPO of 3,45,12,186 shares on the first day. The eligible institutional investors (QIBs) segment was subscribed 56 per cent, the non-institutional investor segment 6 per cent and the retail individual investor segment 1.18 times.

The price range for the IPO is Rs 940 to 980 per share. Under the company's Rs 5,710 crore IPO, new shares worth Rs 3,750 crore have been issued and existing shareholders have brought in offer for sale (OFS) of Rs 1,960 crore. PB Fintech on Friday raised Rs 2,569 crore from anchor investors.


Fino Payments Bank


Fino Payments Bank IPO got 87 per cent subscription for the second day on Monday. According to stock exchange data, 99,90,600 shares were received for the IPO of 1,14,64,664 shares. The retail investors segment was subscribed 4.65 times and the non-institutional investors segment 10 per cent. Under the IPO, fresh shares worth Rs 300 crore have been issued and an offer for sale (OFS) of 1,56,02,999 equity shares has been brought. The price range for the IPO is Rs 560 to Rs 577 per share. Fino Payments Bank on Thursday raised Rs 539 crore from anchor investors. At the upper end of the price range, the IPO is expected to raise Rs 1,200.3 crore.

Sigachi Industries


The IPO of Sigachi Industries was subscribed 9.52 times on the first day of issue on Monday. As per the data available on NSE, the company's offer of 53,86,500 shares received bids for 5,12,75,610 shares. The eligible institutional buyers segment was subscribed 57 per cent, the non-institutional investor segment 4.44 times and the retail individual investor segment 16.81 times. The price range for this Rs 125.42 crore IPO is Rs 161 to Rs 163 per share.

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