Policybazaar, SJS Enterprises IPOs open today: Should you subscribe? Check Anil Singhvi's views and strategy

PB Fintech Ltd (PBFL), which operates Policybazaar as well as Paisabazaar, and SJS Enterprises Ltd, a decorative aesthetics product company, are launching their initial Public Offers (IPOs) for subscription on Monday, November 1, 2021.  

PB Fintech Ltd (PBFL) will raise around Rs 5,710 crore, while SJS Enterprises Ltd will generate Rs 800 crore from share sale. The two IPOs will close on November 3, 2021.
As these initial public offers open today, Zee Business Managing Editor Anil Singhvi had said only those with long term view should apply for the two IPOs.  

Should you subscribe?  
Talking about the IPO of online insurance marketplace Policybazaar, the Market Gur said, " Only risk-taking investors with a long-term view should apply for this IPO."

PB फिनटेक IPO आज से 3 नवंबर तक खुला रहेगा…

प्राइस बैंड ₹940-980, न्यूनतम निवेश ₹14700…

IPO सब्सक्राइब करें या छोड़ दें?

जानिए अनिल सिंघवी से....#IPOtoInvest | #PBFinTechIPO | #IPOAlert | @AnilSinghvi_ pic.twitter.com/8t6WkxHM77

— Zee Business (@ZeeBusiness) November 1, 2021

Talking about positives of the company, the Zee Business Managing Editor said the company is a market leader in its segment and is backed by good strong growth track record. It also has aggressive growth plans, said Anil Singhvi.  

He said loss-making business and risk of change in regulations may affect this insurance marketplace firm.  

On SJS Enterprises IPO, Anil Singhvi recommended to apply for long term s well. He said strong Promoters with a good track record, debt-free, cash rich company with strong cash flows and visible growth opportunities are working well for the company. " Only negative for this IPO is that valuations are not very attractive," Said Singhvi.   

 SJS एंटरप्राइजेज का IPO आज से 3 नवंबर तक खुला रहेगा...

प्राइस बैंड ₹531-542, न्यूनतम निवेश ₹14634
IPO में पैसे लगाएं या नहीं?

कैसी रह सकती है कंपनी की ग्रोथ?

जानिए अनिल सिंघवी से..#IPOtoInvest | #IPOAlert | #SJSEnterprises@AnilSinghvi_ pic.twitter.com/qpR8HlfqKO

— Zee Business (@ZeeBusiness) November 1, 2021

Policybazaar IPO Key Details and Timeline:    

Issue size: Rs5710 crore    
Price band: Rs940 to Rs980  
Minimum quantity: 15  
Application start date:  November 1, 2021  
Application end date: November 3, 2021  
Allotment beginning date: November 10, 2021  
Refund initiation date: November 12, 2021  
Share allotment date: November 12, 2021  
Listing date: November 15, 2021  

SJS Enterprises Ltd key details and timeline:  
Issue size: Rs800 crore  
Price band: Rs531 to Rs542  
Minimum quantity: 27  
Application start date:  November 1, 2021  
Application end date: November 3, 2021  
Allotment beginning date: November 10, 2021  
Refund initiation date: November 11, 2021  
Share allotment date: November 12, 2021  
Listing date: November 15, 2021
 *Details as per Upstox