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<ul><li>An American fund, owned by the Capital Group, bought one in every three shares of PB Fintech that are available for trading.</li><li>Newly-listed Sigachi, being one of the top players in its segment without any listed peer, saw its shares continue to ride the scarcity premium.</li><li>Check out the latest news, analysis and updates on <a href="https://www.businessinsider.in/stock-market/news">Business Insider</a>.</li></ul>Shares of PB Fintech ⁠— the company that owns the online insurance platform <keyword id="696009" type="General" weightage="20" keywordseo="policybazaar" source="Orion">PolicyBazaar</keyword> and [descriptor] Paisabazaar ⁠— spiked another 17% a day after its listing on the stock exchange. The shares were trading at ₹1,408.00 at 9:59 a.m. on November 16, increasing its market cap to ₹63,289 crore ($8.5 billion). The same day, Sigachi Industries, another stock that is just a day old on the Indian bourses, hit the upper circuit ⁠— which halts trading in the script temporarily ⁠— after surging 5%. An American fund, part of the Capital Group, lapped up nearly 3.5 million shares of Policybazaar at ₹1,912 a piece on Monday, <a href="https://www.chittorgarh.com/newportal/stock-nse-bulk-deals.asp">according to bulk deals from the National Stock Exchange</a>. That’s nearly 3% of the shares available for trading. The company was listed on the stock exchange yesterday, at a premium of 17% over the issue price of ₹980. The company has given another 17% returns to its investors since yesterday. The excitement around Sigachi was visible at listing ⁠— when the stock spiked over<a href="https://www.businessinsider.in/stock-market/news/shares-of-sigachi-industries-list-at-575-while-the-shares-were-allotted-at-163-per-share/articleshow/87708763.cms"> 3 times the issue price</a> ⁠— and continued on day two. Experts have advised to hold on to the Sigachi stock for long term gains given that it is one of the leading manufacturers of cellulose-based excipients in India. There are no other listed entities in this domain. The company plans to expand its business further with the capital it has raised from this public issue, which will give it an edge over other private players. “Sustained demand for microcrystalline cellulose (MCC) from various industries and the expansion programme, earnings growth momentum looks sustainable. It has been paying a dividend consistently for the last three years, which bodes well,” <a href="https://www.businessinsider.in/stock-market/news/sigachi-industries-ipo-grey-market-premium-rises-to-160/articleshow/87484497.cms">Reliance Securities had said</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/jpmorgan-takes-tesla-to-court-over-elon-musks-2018-tweets-demands-162-million/articleshow/87729405.cms" data-type="tilCustomLink">JPMorgan takes Tesla to court over Elon Musk’s 2018 tweets ⁠— demands $162 million</a> <a href="https://www.businessinsider.in/thelife/news/the-un-responded-to-elon-musks-challenge-to-prove-how-his-wealth-could-tackle-world-hunger-by-revealing-a-6-6-billion-plan/articleshow/87726851.cms" style="">The UN responded to Elon Musk's challenge to prove how his wealth could tackle world hunger by revealing a $6.6 billion plan</a> <a href="https://www.businessinsider.in/politics/world/news/elon-musk-initiates-another-twitter-fight-by-squabbling-with-bernie-sanders-over-extreme-wealth/articleshow/87706421.cms" style="">Elon Musk initiates another Twitter fight by squabbling with Bernie Sanders over extreme wealth</a>

Policybazaar gets a boost after an American fund laps up 3.4 million shares and Sigachi hits upper circuit on the morning after listing

<ul><li>Shares of <keyword id="10019460" type="General" weightage="20" keywordseo="sigachi-industries" source="Orion">Sigachi Industries</keyword> list at ₹575 while the shares were allotted at ₹163 per share.</li><li>The IPO was subscribed 101.91 times on the last day of the bidding.</li><li>The market capitalisation of the company stood at ₹1,856 crore. </li></ul>Shares of Sigachi Industries made a strong listing on the National Stock Exchange (NSE) and BSE at 252% premium over the issue price of ₹163 apiece. Post listing, the market capitalisation of the company stood at ₹1,856 crore, according to BSE data. The shares of Sigachi Industries were trading at ₹603, higher by 270% at 10.08 a.m., on November 15. The grey market showed a strong listing for Sigachi Industries a day prior to the listing with a ₹220 premium per share. Moreover, the IPO ⁠— open between November 1 and November 3 ⁠— was a hit among investors. It was subscribed 101.91 times on the last day of the bidding. The company is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. The company was looking to raise ₹125.43 crore by selling 76.95 lakh shares through the IPO with a price band of ₹161 to ₹163 per share. The proceeds from the issue will be used for expansion of production facilities of MCC at Dahej and Jhagadia in Gujarat. It operates through three manufacturing units in Hyderabad and Jhagadia, Dahej located in Gujarat. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/paytm-ipos-allotment-status-would-be-announced-tomorrow-heres-how-you-can-check-allotment-status/articleshow/87670547.cms">Paytm IPO’s allotment status would be announced today— here’s how you can check allotment status</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/policybazaar-sigachi-industries-sjs-enterprises-ipo-will-list-on-15-november/articleshow/87669292.cms">Policybazaar, Sigachi Industries, SJS Enterprises IPO will get listed tomorrow</a>

Sigachi Industries more than triples money for IPO investors on listing

<ul><li>The Hyderabad-based manufacturer of cellulose-based excipients, <keyword id="10019460" type="General" weightage="20" keywordseo="sigachi-industries" source="Orion">Sigachi Industries</keyword>, is looking to raise ₹125.43 crore.</li><li>Analysts believe the company’s consistency in paying a dividend continuously for the last three years bodes well.</li><li>You can easily apply to the IPOs via mobile applications of new age investment platforms like Zerodha, Paytm, Upstox and others.</li></ul>Today (November 3) is the last day to subscribe to the initial public offering (IPO) of Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries. So far in the first two days of the IPO bidding process, it has already been subscribed over 22.133 times. Shares reserved for retail investors have been oversubscribed by 37.14 times on the second day of the IPO bidding process. Strong demand in subscription for the IPO is also because the shares of the company commanded a strong premium of ₹160 in the grey market today. The grey market premium rose to ₹160 per share on Tuesday from ₹150 earlier. You can easily apply to the IPOs via mobile applications of new age investment platforms like Zerodha, Paytm, Upstox and others. The company is looking to raise ₹125.43 crore through the IPO with a price band of ₹161 to ₹163 per share. It is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. “With over 30 years of continuous growth, three multi-locational manufacturing facilities and consistent focus on delivering premium quality products, the company is one of the leading manufacturers of cellulose based excipients in India, in terms of volume,” said a report by JM Financial. Net profit of the chemical manufacturer has been increasing steadily over the past three financial years. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/bharti-airtel-records-13-rise-in-its-second-quarter-of-the-current-fiscal-year/articleshow/87489938.cms">Bharti Airtel records 13% rise in its second quarter of the current fiscal year</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/ipo-bound-delhiverys-top-executives-will-get-up-to-12-crore-appraisal/articleshow/87489872.cms">IPO-bound Delhivery’s top executives are set to get an appraisal of up to ₹12 crore soon</a>

Last day to subscribe to Sigachi Industries’ IPO; grey market premium at ₹160

<ul><li>Sigachi Industries is likely to announce its share allotment status today.</li><li>The Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, is looking to raise ₹125.43 crore.</li><li>The IPO of the company was subscribed 101.91 times on the last day of bidding.</li></ul>The Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries, is likely to announce the allotment status of its initial public offering (IPO) today, November 10. The IPO was open for subscription from November 1 to November 3. The company is looking to raise ₹125.43 crore through the IPO with a price band of ₹161 to ₹163 per share. Sigachi Industries’ IPO received strong demand in subscription as it got subscribed 101.91 times in the three days of IPO bidding process. Moreover, shares of the company commanded a strong premium of ₹160 in the grey market. The portion reserved for retail investors was oversubscribed by 80.49 times on the last day of the IPO bidding process. The company is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. Here is how to <keyword id="12500356" type="General" weightage="20" keywordseo="sigachi-industries-ipo-allotment" source="Orion">Sigachi Industries IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Sigachi Industries’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Sigachi Industries’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/scoopwhoop-and-myglamms-parent-which-is-backed-by-amazon-is-now-valued-over-a-billion-dollars/articleshow/87608734.cms">ScoopWhoop and MyGlamm’s parent, which is backed by Amazon, is now valued over a billion dollars</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/after-tata-motors-tvs-motor-may-raise-money-to-run-ev-business/articleshow/87602948.cms">After Tata Motors, TVS Motor may raise money to run EV business</a>

Here’s how to check Sigachi Industries IPO allotment status, listing date and more

<ul><li><keyword id="10019460" type="General" weightage="20" keywordseo="sigachi-industries" source="Orion">Sigachi Industries</keyword> intends to raise ₹125.43 crore with this public issue.</li><li>The IPO of the company was subscribed 101.91 times in the three-day stake sale.</li><li>The company will list on the stock market by November 15, 2021.</li></ul>The allotment status of Sigachi Industries’ initial public offering (IPO) was announced yesterday, November 9. The Hyderabad-based manufacturer of cellulose-based excipients company received strong demand from the investors and its IPO was subscribed 101.91 times in the three days of bidding process. Moreover, shares of the company commanded a strong premium of ₹160 in the grey market. Sigachi Industries is engaged in the manufacturing of microcrystalline cellulose, the polymer that is widely used for finished dosages in the pharmaceutical industry. The company intends to raise ₹125.43 crore through the IPO, and offered its shares at price band of ₹161 to ₹163 per share. If you have not checked whether you received the IPO allotment or not, <a href="https://www.businessinsider.in/stock-market/news/sigachi-industries-ipo-how-to-check-allotment-status/articleshow/87614930.cms">click here </a>and follow the procedure. All the applicants who got issued will receive the share in their demat account on the date of listing, i.e November 15. The rest, who didn’t get the allotment, will receive their <keyword id="12505045" type="General" weightage="20" keywordseo="ipo-refund" source="Orion">IPO refund</keyword> on/before the end date of mandate. The investors are usually intimated about the allotment status through SMS on their registered mobile number. Every applicant gets a message when shares are blocked and unblocked in their bank account. If the funds are blocked that means the IPO is allotted The investor would have mandated the IPO payment through their UPI ID. This transaction would have a validity period. The IPO amount which is blocked in an investor account usually gets unblocked one day later the IPO allotment or before the end of the validity period. Here is the screenshot of an IPO mandate after the transaction is made through the UPI ID that has the validity period of the IPO. <div type="image" title="Missed Sigachi Industries’ IPO allotment? Here’s how to check refund" msid="87627743" hostid="261"></div> SEE ALSO <a href="https://www.businessinsider.in/business/news/falguni-nayars-net-worth-surges-to-6-5-billion-after-nykaas-successful-ipo/articleshow/87622775.cms" data-type="tilCustomLink">Falguni Nayar’s net worth surges to $6.5 billion after Nykaa’s successful IPO</a> <a href="https://www.businessinsider.in/business/startups/news/paytm-ipo-subscription-day-2/articleshow/87608830.cms">Half of Paytm’s shares have been subscribed so far — today is the last day to subscribe</a> <a href="https://www.businessinsider.in/science/news/nasa-is-pushing-its-human-moon-landing-back-to-2025-and-its-top-official-worries-china-will-beat-the-us-there/articleshow/87616430.cms">NASA is pushing its human moon landing back to 2025, and its top official worries China will beat the US there</a>

Missed Sigachi Industries’ IPO allotment? Here’s how to check refund

<ul><li>If you have been allotted shares of any of these three IPOs, then today is the listing day.</li><li>All the three IPOs were opened for subscription from November 1 to November 3.</li><li>Here is a list of grey market premiums for all three scrips.</li></ul>Monday will see the listing of three initial public offerings (IPOs) that were open for subscription from November 1 to November 3 — Policybazaar, Sigachi Industries, SJS Enterprises. Retail investors will be able to sell their IPOs or trade in the stock after 10 a.m. on November 15. From all the three IPOs, Sigachi Industries’ IPO caught the most of investor’s attention given it was also subscribed the highest among the three. The Hyderabad-based manufacturer of cellulose-based excipients was subscribed 101.91 times. The company is looking to raise ₹125.43 crore through the IPO with a price band of ₹161 to ₹163 per share. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sigachi Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">101.91 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Policybazaar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">16.59 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SJS Enterprises </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.59 times </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Major traction in the IPOs were also because of their premium in the grey market that in a way indicates premium on listing day. Subscription status of all three IPOs were in line with their grey market premiums. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grey market premium </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sigachi Industries </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹220 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Policybazaar </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹55 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SJS Enterprises </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹38 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/global-investment-banks-are-telling-their-clients-to-take-profits-from-india/articleshow/87667322.cms">Small investors ahoy! Global investment banks are telling their clients to take profits from India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/droom-files-for-3000-crore-ipo-the-online-car-dealer-wants-400-crore-for-acquisitions/articleshow/87664165.cms">Droom files for ₹3,000 crore IPO ⁠— the online car dealer wants ₹400 crore for acquisitions</a>

Policybazaar, Sigachi Industries, SJS Enterprises IPO will get listed today

<ul><li>One of the leading players in the Indian decorative aesthetics industry is looking to raise ₹800 crore through the public listing of shares.</li><li>The company is selling its shares in the range of ₹531 to ₹542 per share.</li><li> The grey market premium of the company’s shares show a premium of ₹25 from the higher end of the price band.</li><li>You can easily apply to the IPOs via mobile applications of new age investment platforms like Zerodha, Paytm, Upstox and others.</li></ul>Today (November 3) is the last to subscribe to <keyword id="3095545" type="General" weightage="20" keywordseo="sjs-enterprises" source="Orion">SJS Enterprises</keyword>, which has launched its initial public offering (IPO) along with <a href="https://www.businessinsider.in/stock-market/news/policybazaar-sigachi-industries-and-sjs-enterprises-upcoming-new-ipos-in-november-2021/articleshow/87310035.cms">two other companies </a>-- PolicyBazaar and Sigachi Industries. The IPO of SJS Enterprises has been subscribed 50% by investors in the first two days of the IPO bidding process. Meanwhile, retail investors have fully subscribed the shares reserved for them. Overall, investors have bid for 53.87 lakh shares as against 1.05 crore shares open for subscription. The price band of the IPO is set at ₹531 - 542 per share. The grey market premium of the company’s shares show a premium of ₹25 from the higher end of the price band. SJS Enterprises, one of the leading players in the Indian decorative aesthetics products like decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes and many others, will also open its IPO alongside PolicyBazaar and Sigachi Industries on November 1. The IPO consists of a pure offer for sale of ₹800 crore with ₹710 crore by Evergraph Holdings Pte -- subsidiary of private equity firm Everstone who invested in 2015 and ₹90 crore by KA Joseph KA Joseph, managing director of the company. Currently, Evergraph Holdings and KA Joseph hold 77.86% and 20.74% stake in the company, respectively. It also manufactures a wide range of aesthetics products that cater to the requirements of the commercial vehicles, medical devices, farm equipment and sanitary ware industries. The company's manufacturing facilities are located in Bengaluru and Pune. ICICIdirect gave a ‘subscribe’ rating to the IPO citing the company’s collaboration with Suzuki to design and develop graphics for Swift, Ertiga and WagonR models. SJS has also previously worked with Honda Motorcycle, Royal Enfield, TVS Motors, Eureka Forbes, Bajaj Auto and Whirlpool. “We believe SJS offers a unique play on vehicular premiumisation given its status as a leading aesthetics player with proven capabilities,” said ICICIdirect. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/ipo-bound-delhiverys-top-executives-will-get-up-to-12-crore-appraisal/articleshow/87489872.cms">IPO-bound Delhivery’s top executives are set to get an appraisal of up to ₹12 crore soon</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/bharti-airtel-records-13-rise-in-its-second-quarter-of-the-current-fiscal-year/articleshow/87489938.cms">Bharti Airtel records 13% rise in its second quarter of the current fiscal year</a>

Last day to subscribe to SJS Enterprises’ IPO; grey market premium at ₹25

<ul><li>Shares of <keyword id="12289032" type="General" weightage="20" keywordseo="sjs-enterprises-ipo" source="Orion">SJS Enterprises IPO</keyword> listed at over 1% discount from its price band of ₹531-542 per share.</li><li>The IPO was subscribed 1.59 times on the last day of the bidding.</li><li>The market capitalisation of the company stood at ₹1,619 crore.</li></ul>Shares of SJS Enterprises IPO made a weak listing on National Stock Exchange (NSE) and BSE at over 1% discount from its price band of ₹531-542 per share. Post listing, the market capitalisation of the company stood at ₹1,619 crore, according to BSE data. The shares of SJS Enterprises were trading at ₹537, 0.98% lower at 10.02 a.m., on November 15. The grey market price of the stock had suggested a premium of ₹38 over the upper price band of ₹542. SJS Enterprises IPO received decent demand in subscription as it got subscribed 1.59 times in the three days of IPO bidding process. The issue was open for subscription between November 1 and November 3. SJS Enterprises, one of the leading players in the Indian decorative aesthetics products like decals and body graphics, 2D appliques and dials, 3D appliques and dials, 3D lux badges, domes and many others. The IPO consisted of a pure offer for sale of ₹800 crore with ₹710 crore by Evergraph Holdings Pte -- subsidiary of private equity firm Everstone who invested in 2015 and ₹90 crore by KA Joseph, managing director of the company. It also manufactures a wide range of aesthetics products that cater to the requirements of the commercial vehicles, medical devices, farm equipment and sanitary ware industries. The company's manufacturing facilities are located in Bengaluru and Pune. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/shares-of-sigachi-industries-list-at-575-while-the-shares-were-allotted-at-163-per-share/articleshow/87708763.cms">Sigachi Industries more than triples money for IPO investors on listing</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/policybazaar-starts-trading-at-1150-a-premium-of-17/articleshow/87708748.cms">PolicyBazaar starts trading at a premium of over 17%</a>

The shares of SJS Enterprises open 1% below the issue price

<ul><li>Sapphire Foods is likely to announce its share allotment status today.</li><li>Sapphire Foods India, the operator of KFC and Pizza Hut outlets, has raised over ₹2,000 crore through the public listing.</li><li>The IPO of the company was subscribed 6.62 times on the last day of bidding.</li></ul>Sapphire Foods India, the operator of KFC and Pizza Hut outlets, is likely to announce the allotment status of its initial public offering (IPO) today, November 16. The IPO was open for subscription from November 9 to November 11. The company is looking to raise over ₹2,000 crore through the IPO that consists of a pure offer for sale of 1.75 crore shares by existing shareholders and promoters. <keyword id="12385718" type="General" weightage="20" keywordseo="sapphire-foods-ipo" source="Orion">Sapphire Foods IPO</keyword> received subscriptions for 6.62 times the number of shares offered in the three days of IPO bidding process. The grey market premium of the company’s shares show a premium of ₹70 from the higher end of the price band. The portion reserved for retail investors was oversubscribed by 8.70 times on the last day of the IPO bidding process. The company is the largest franchisee of Yum! Brands in the Indian subcontinent. Besides, the company is backed by marquee investors such as Samara Capital, Goldman Sachs, CX Partners and Edelweiss Here is how to <keyword id="12539602" type="General" weightage="20" keywordseo="sapphire-foods-ipo-allotment" source="Orion">Sapphire Foods IPO allotment</keyword> status on stock exchange website: <ul><li>Go to the <a href="https://www.bseindia.com/investors/appli_check.aspx">BSE website</a> or NSE website<a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp"> here</a>.</li><li>On BSE, Select 'Equity' and then from the dropdown, select ‘Sapphire Foods’.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li><li>Please note the details will only be available once the shares are allotted.</li></ul>You can also visit the registrar website (Link Intime India) to check your application status. <ul><li>Visit the registrar's website <a href="https://linkintime.co.in/MIPO/Ipoallotment.html">here</a>.</li><li>Click on 'Select company' and click on ‘Sapphire Foods’.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.</li><li>Enter the captcha and click ’submit’.</li></ul>Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/the-cost-of-selling-its-ipo-has-eroded-half-of-nykaas-profit/articleshow/87715261.cms">The cost of selling its IPO has eroded half of Nykaa's profit</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/here-are-the-five-ipos-that-doubled-investors-money-on-listing-in-2021/slidelist/87713646.cms">Sigachi broke Paras Defence’s record⁠—these are the five IPOs that doubled investors’ money on listing in 2021</a>

Sapphire Foods IPO: Here’s how you can check the allotment status

<ul><li>Fino Payments IPO opens today on Friday, October 29, and closes on November 1.</li><li>The fintech company is looking to raise ₹1,200 crore through public listing with a price band of ₹560- 577 per share.</li><li>The Navi Mumbai-based fintech company Fino Payments Bank will be the first payments bank to get listed on the stock exchanges, that too while making profits.</li></ul>Initial public offering (IPO) of Navi Mumbai-based fintech company Fino Payments Bank opens on Friday and closes on November 1. The company claims to be the <a href="https://www.businessinsider.in/stock-market/news/fino-payments-bank-will-be-the-first-fintech-startup-in-india-to-get-listed-on-the-bourses-and-it-is-profitable/articleshow/87280457.cms">first profitable player </a>in the payments bank space to hit the Indian stock market. Paytm is another payments bank firm in line to get listed soon. Paytm is looking to raise ₹18,300 crore ($2.4 billion) through the IPO that is scheduled to open on November 8 and end on November 10. Fino is looking to raise ₹1,200 crore through public listing including ₹900 crore through an offer for sale of 1.56 crore shares and ₹300 fresh issue of 52 lakh shares. The price band of the IPO is set at ₹560-577 per share. Here are some important details of the IPO: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹560 to ₹577 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">October 29 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 2 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 9 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 10 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 11 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">November 12 </td></tr><tr><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #cccccc 0.8333325pt;border-right:solid #cccccc 0.8333325pt;border-bottom:solid #cccccc 0.8333325pt;border-top:solid #cccccc 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">25 </td></tr></tbody><tbody></tbody></table> Analysts are positive on the fintech industry and believe they are poised to grow in the future. “Fintech companies' demand is poised for growth on the back of rising internet penetration, higher disposable income, development of technology, low-cost infrastructure, government initiatives like UPI, etc. Going forward, India presents a huge opportunity for growth of fintechs. There will be huge growth potential for players in payments, lending, wealth, Insurance, etc. segments. We believe Fino Bank is one of the key beneficiaries of opportunities in the sector,” said analysts at Religare Broking. However, some analysts are cautious towards the IPO considering the stiff competition in the industry. “The company exists in a stiff competitive environment where companies like PayTM Payments Bank and India Post Payments bank exist and outperform in many aspects. We thus believe that the current growth momentum is difficult to sustain in the long term. Hence we give an “AVOID” rating to this IPO,” said a report by BP Equities. Meanwhile, Jyoti Roy of Angel One said that, “Despite strong growth prospects, we believe that valuations do not justify the premium and hence we have a NEUTRAL recommendation to the IPO.” SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/government-asks-irctc-to-share-half-of-its-convenience-fees-revenue/articleshow/87338962.cms">IRCTC will lose a chunk of its revenue to the Indian government starting next month</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/auto-component-maker-sjs-enterprises-and-chemical-maker-sigachi-industries-will-open-their-ipos-on-november-1/articleshow/87333799.cms">IPOs opening on November 1: Auto component maker SJS Enterprises and chemical maker Sigachi industries</a>

You Searched For "sigachi stock price" and got 10 results

Policybazaar gets a boost after an American fund laps up 3.4 million shares and Sigachi hits upper circuit on the morning after listing

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Sigachi Industries more than triples money for IPO investors on listing

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Last day to subscribe to Sigachi Industries’ IPO; grey market premium at ₹160

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Here’s how to check Sigachi Industries IPO allotment status, listing date and more

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Missed Sigachi Industries’ IPO allotment? Here’s how to check refund

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Policybazaar, Sigachi Industries, SJS Enterprises IPO will get listed today

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Last day to subscribe to SJS Enterprises’ IPO; grey market premium at ₹25

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The shares of SJS Enterprises open 1% below the issue price

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Sapphire Foods IPO: Here’s how you can check the allotment status

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Fino Payments Bank IPO opens today; here’s what analysts are saying about it

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