POLICYBAZAAR IPO SUBSCRIBE
Mamaearth founders selling shares in IPO is part of a new-age company trend
Prior to the public offering, the promoters held a 37.41% stake in the omnichannel retailer—and this is expected to fall to 35.34% following the issue.
Mutual funds hold on to new-age companies despite drubbing post listing
Several mutual fund schemes had subscribed to the IPOs of these companies last year. Some of them raised their stakes in these companies after listing. As of February 28, 2022, mutual funds held 9.1 million shares of Nykaa compared to 4.8 million at the time of listing.
Policybazaar shares end nearly 23% higher on market debut
The IPO of PB Fintech, which operates Policybazaar and Paisabazaar, was subscribed 16.59 times last week. The stock listed at a premium of 17.35% to the issue price of Rs 980 per share.
Policybazaar stock jumps 23% on debut; Nykaa expects festive buying bonanza
Policybazaar’s parent company PB Fintech became the first Indian fintech company to list on local stock exchanges today. It had a stellar debut, closing the day with a share price of Rs 1.202.90, 22.74% more than the issue price.
Kunj Bansal on why it makes sense to invest in new tech IPOs
“At some point of time, the market will correct, valuations will correct and these issues will also correct. But before that, can they give you 30-40% return or more? Looks like yes. So, why should you miss: Identify your risk profile and invest in them.”
IPOs of Policybazaar, SJS Enterprises and Sigachi Industries to list today: Which one will double wealth?
If grey market trends are to be believed, all the three IPOs are likely to deliver healthy listing gains on listing day today.
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Is PB Fintech gearing up for a positive surprise? Here's what grey market says
The IPO of PB Fintech has raised some uncomfortable questions over the valuation. That could be why several brokerages have recommended investors to skip this loss-making startup.
Paytm unlikely to see much of a listing pop: Rajat Sharma
“Between Paytm and PolicyBazaar, if I had to put my money anywhere, it has to be PolicyBazaar. ”
Policybazaar IPO allotment likely today: Here's how to check status
Policybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. The price range for the IPO was at Rs 940-980 per share.
Policybazaar's IPO subscribed 16.59 times, Sigachi sees 101x bids
The ₹5,710-crore IPO of PB Fintech, that operates Policybazaar, received bids for 57.24 crore equity shares against an offer size of 3.45 crore shares.
PB Fintech IPO subscribed 16.59 times on Day 3
The PB Fintech IPO received bids for 57.24 crore equity shares against an offer size of 3.45 crore, according to NSE data. The parent firm of Policybazaar and Paisabazaar is likely to list on November 15.
PB Fintech IPO subscribed 9.4 times on last day of bidding
PB Fintech mopped up Rs 2,569.37 crore from 155 anchor investors on Friday, a day ahead of IPO opening.
Policybazaar parent's IPO fully subscribed on Day 2
The issue has generated mixed recommendations from analysts, with some raising questions over the valuations. However, the majority believe it is an issue worth subscribing to, given the underpenetrated insurance market.
Policybazaar IPO subscribed 54% on Day 1
PB Fintech is India’s largest online platform for insurance (PolicyBazaar) and lending (Paisabazaar).
Policybazaar parent's IPO subscribed 53% on day 1
Analysts are divided on the asking valuations. Reliance Securities said the IPO is valued at 22.1x FY21 book value and 46x on market cap to FY21 sales. According to Amarjeet Maurya of Angel One, the post-issue FY2021 EV/sales ratio works out 47.6 times, which is high, considering its historical performance in terms of the bottom line.
Policybazaar IPO kicks off: Should you stay away from the issue?
Reliance Securities said Policybazaar IPO is valued at 22.1x FY21 book value and 46x on market cap to FY21 sales, which looks stretched.
A Diwali bonus for bourses, courtesy startup IPOs
In all, at least $33 billion in market capitalisation would be added to Dalal Street within a fortnight by companies that didn’t exist a decade ago — Nykaa, Policybazaar and Paytm — by way of their initial public offerings (IPOs).
Mobikwik, Oyo Rooms and Delhivery to soon join the IPO startup party
Following the success of Zomato’s listings, many of these new-age businesses are readying IPO plans.
Nykaa IPO details: All you need to know before subscribing
Shares in the Nykaa IPO, which will be a mix of fresh stock and an offer for sale, will be issued in a price band of Rs 1,085-1,125 apiece to raise as much as Rs 5,352 crore at a valuation of $7.1 billion.
30 cos may float public issues in Oct-Nov to mop up Rs 45,000 cr
Going forward, the IPO boom is expected to extend in the coming year if the prevailing market situation remains constant or doesn't change much, Kaushlendra Singh Sengar, founder and CEO at INVEST19, said.
The Deepinder Goyal interview after Zomato IPO
Zomato CEO Deepinder Goyal says the company's listing was "beyond anyone's expectations", India's payments gateways come under Enforcement Directorate's scanner, and Policybazaar files for a Rs 6,000-crore IPO.
5 pharma/healthcare IPOs to raise over Rs 8,000 cr this month
According to data available with the stock exchanges, so far this fiscal, 12 firms have raised Rs 27,000 crore from IPOs, and Rs 70,000-crore more issues are in the pipeline. The entire FY21 saw only 30 IPOs raising Rs 31,277 crore.
Nykaa, Policybazaar to file papers to raise Rs 11,000 crore via IPOs
Investment banking sources told ET that lifestyle retailer Nykaa, which plans to raise ₹5,000 crore, will likely file its draft red herring prospectus (DRHP) by this weekend. Policybazaar will file its DRHP next week for a ₹6,000-crore IPO.
Zomato market cap breaches Rs 1 lakh crore after stellar D-Street listing
Zomato entered the elite club of Top 100 listed companies in value terms, with a market capitalisation of Rs 90,219.57 crore.
E-commerce draft policy & recommended changes
As the deadline to submit feedback on India's draft e-commerce rules comes to an end, we bring you all the suggestions given by industry groups.
Policybazaar IPO imminent
From Policybazaar's upcoming IPO to Byju's big acquisition and Netflix's gaming foray, here's a quick look at the top tech news today.
Market focus shifting to IPO plays and small & midcaps: Deven Choksey
“The market is slightly tired but at the same time the focus is shifting on to IPO plays and small midcap companies. ”
30 IPOs coming in next six months to leave you spoilt for choice
Analysts are positive on the IPO market momentum, as the secondary market indices trade near their lifetime highs. Also, retail participation, chasing listing gains, has also gone up during this period.
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