Sigachi Shares Jump Nearly 3 Times On Debut, PolicyBazaar Charts Are Premium | Sigachi got off to a great start in the stock market, PolicyBazaar’s shares trade at a premium

Sigachi shares jump almost 3 times on debut, PolicyBazaar ranks premium - India TV Paisa

Sigachi Stock Jumps Nearly 3 Times On Debut, PolicyBazaar Charts Are Premium

New Delhi. Shares of Sigachi Industries, PolicyBazaar and SJS Enterprises began trading on the stock exchange as of Monday. Sigachi Industries shares are listed on the BSE at a one-time premium of 270 per cent to Rs 603 versus its privately issued Rs 163 IPOs. On the other hand, PB Fintech shares opened their business at a 19 percent premium at Rs 1,163 against its IPO issue price of Rs 980.

Shares of SJS Enterprises were traded at a discount of Rs 523 on the BSE to its IPO issue price of Rs 542 per share. The IPO of microcrystalline cellulose manufacturer Sigachi Industries was subscribed 101.91 times in its last day. Sigachi Industries manufactures microcrystalline cellulose, which is widely used in the pharmaceutical industry. It is also used prominently in the food, nutraceutical and cosmetic industries.

The IPO of PB Fintech Limited, which operates the online insurance platform PolicyBazaar and the credit compression portal Paisabazaar, was subscribed 16.59 times. PB Fintech is the leading online platform for insurance and loan products in India. The company offers convenient access to insurance, credit and other financial products.

The SJS Enterprises IPO was subscribed 1.59 times on the last day. SJS Enterprises is a leading player in the Indian decorative aesthetics industry, offering a wide range of aesthetic products in the country. It meets the needs of the two-wheeler, passenger vehicle, commercial vehicle, home appliance, medical device, agricultural equipment, and sanitary ware industries. Its IPO was opened on November 1 and closed on November 3 with a price range of Rs 531-542 per share.

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