Policybazaar, SJS Enterprises IPOs open today: Should you subscribe? Check Anil Singhvis views and strategy
Policybazaar IPO: 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), 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."
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.
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
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