InvestorQ : Can you tell me about the GMP of the 3 IPOs that are listing on Monday viz. Sigachi, SJS Enterprises and Policybazaar?
Arusha Ray made post

Can you tell me about the GMP of the 3 IPOs that are listing on Monday viz. Sigachi, SJS Enterprises and Policybazaar?

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3 weeks ago
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On Monday 15ths November, 3 IPOs are schedules to list on the NSE and the BSE viz. PB Fintech (Policybazaar and Paisabazaar), SJS Enterprises and Sigachi Industries. Here is a quick update on the 3 IPOs and their GMPs as of Friday, ahead of their IPO listing.

· Sigachi Industries is a niche manufacturer of microcrystalline cellulose or MCC as it is popularly called. Against the issue price of Rs.163 per share discovered in the IPO, it is quote in the grey market at the range of Rs.383-393 hinting at a grey market premium or GMP of Rs.220-230. In percentage terms, that translates into 135-141%. It may be recollected that the IPO of Sigachi was subscribed 101.91 times

· PB Fintech (Policybazaar & Paisabazaar) offers a market place for evaluating, comparing and buying insurance online and dominates the digital insurance market place. Against the issue price of Rs.980 as the discovered price, the stock is quoting in the grey market at Rs.1,040-1,050, indicating a small premium of Rs.60-70 or around 6% to 7% approximately. PB Fintech was subscribed 16.58 times.

· SJS Enterprises specializes in decorative aesthetics products. Against the discovered price of Rs.542, the stock is quoting in the grey market at around Rs.582. That translates into a grey market premium of Rs.40 or around 7.4% in relative terms. The Rs.800 crore OFS of SJS Enterprises had received a tepid response and subscribed just 1.59 times.

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