It's profit-taking, say fund managers; increase holding in Paytm in December
In the past one month, the market price of PB Fintech dipped 25 per cent after the mandatory lock-in period for anchor investors expired on December 13, 2021.
The GST Council will meet today to discuss possible rollback of recently hiked rates for the textile industry.
FSN E-Commerce Ventures (Nykaa), PB Fintech, the parent company of Policybazaar, Tega Industries, Tarsons Products and Aditya Birla AMC were among 11 stocks from the BSE IPO index hit new lows.
Anand Rathi Wealth to make its debut on the bourses on Tuesday, GMP indicates 50 per cent listing gain for the stock
Meanwhile, the mandatory one-month lock-in period for anchor investors expired today
PB Fintech, Fino Payments Bank, SJS Ent, KIMS, Ami Organics, Zomato and Sansera Engg from the BSE IPO index were down between 6 per cent and 19 per cent in intra-day trade today
The stock is now up 37% over its IPO price of Rs 980; company is valued at Rs 60,338 crore
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