The bidding for initial public offers (IPOs) of PB Fintech Limited, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, Sigachi Industries and SJS Enterprises closed on Wednesday. Of the three IPOs that opened on Monday for subscription, Sigachi Industries public offer received maximum response from investors as the issue was subscribed 101.88 times with bidding for whooping 54,87,90,660 shares as against total 53,86,500 stocks on offer at 5 pm.

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Policybazaar Rs 5,710-crore IPO was subscribed 16.58 times, while SJS Enterprises, the decorative aesthetics product company's Rs 800-crore offer was subscribed merely 1.59 times around the same time. However, the retail investors seem quota of SJS IPO was subscribed (1.38 times).  

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Meanwhile, Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs) led the subscription in Rs 125.43-crore Sigachi IPO with 80.43 times and 172.43 times more bidding than the reserved quota of shares respectively.  Qualified Institutional Buyers (QIBs) subscribed Sigachi Industries' IPO 86.51 times around the same time.  

Similarly, RIIs subscribed Policybazaar IPO 3.3 times, QIBs 24.89 on Day 3 on Wednesday.  

For SJS enterprises IPO, RIIs subscribed the issue 1.38 times, NIIs 2.32 and QIBs 1.42 times.  

1 Policybazaar IPO 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  

2 SJS Enterprises Ltd key 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  

3. Sigachi Industries Ltd Timeline:    
Issue size: Rs125 crore    
Price band: Rs161 to Rs163  
Minimum quantity: 90  
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