The shared of Sigachi Industries, PolicyBazaar and SJS Enterprises made a debut on stock exchanges today. The shares of industrial leader in Pharma, cosmetics etc Sigachi listed at Bumper premium of more than 270% at ₹603 on Bombay Stock Exchange in contrast to its IPO issue price of Rs 163, whereas the operator of online insurance platform Policybazaar and credit comparison platform Paisabazaar, PB Fintech made its debut at a premium of 19% at Rs 1,163 from the issue price of Rs 980. At the same time, the Sigachi also were listed at a discounted price of ₹523 on the BSE in contrast to its issue price of ₹542 per share.
Sigachi Industries are the leading manufacturers of Microcrystalline Cellulose (MCC) which works as an excipient for finished dosages in the pharmaceutical industry and other purposes in food, nutraceuticals, and the cosmetic industries. The Initial Public Offering (IPO) of the industry achieved a whopping 101,91 times subscription on the last offer day.
The Equity99 co-founder stated, “Sigachi Industries manufacturer of Microcrystalline Cellulose (MCC) got listed today at a premium of 250%, highest in recent times. Long-term investors are advised to remain invested considering niche product offering of the company. However, considering listing premium short-term investors are advised to book their profits as their capital is almost 3x in 10 to 15 days. For fresh Entry, Advice would be to wait for decline & not to enter fresh at the listing gains of 267%.”
Moreover, India’s leading platform in providing convenient access to insurance, credit and other financial institutions, PB Fintech Limited achieved a subscription of 16.59 times.
And the leading industry in the Indian decorative aestgetic industry which works in fulfilling the requirements of two-wheeler commercial vehicle, medical devices, farm equipment etc SJS Enterprises achieved the initial share sale with subscription 1.59 times on the last day of offer.
