As per BSE data, compared to its IPO price of Rs 163 per share, the stock listed at Rs 575 and closed the first day’s session at Rs 604 – an appreciation of 253% over its offer price.
The IPO frenzy that is currently gripping Dalal Street also helped PB Fintech, which operates under Policybazaar India brand, to be listed at a 17% premium over its offer price and close the day with a profit of 5% for its shareholders.
As against its offer price of Rs 980 per share, Policy-Bazaar shares listed at Rs 1,150 and closed at Rs 1,203.
Online cosmetics retailer ranked after two blockbuster listings on Monday FSN E-Commerce Ventures, which operates under the Nykaa brand, last week.
The stock, offered at Rs 1,125 per share, was listed at Rs 2,001 – a gain of 77%, which propelled its main promoter Falguni Nair into the league of richest Indians.
However, on Monday the stock lost over 7% in intraday trade after the company announced a 96% fall in consolidated net profit at Rs 1.2 crore for the July-September quarter during the weekend. It closed over 3% lower at Rs 2,281 on the BSE by the end of Monday’s trading.
However, there were some listing disappointments on D-Street as well. SJS Enterprises, a maker of decorative aesthetics for the automotive and consumer appliance industries, on Monday listed at a marginal discount from its offer price of Rs 542 per share. BSE data shows it closed at Rs 510 through the session, a discount of around 6% on the offer price and a fall of 6%.
listing on friday Fino Payments Bank There was also a discount of 5% on Rs 544 from the IPO price of Rs 577. On Monday, the stock – one of the leading payments banks in India – closed down more than 5% at Rs 516, a discount of over 10% to the offer price.
The markets are now gearing up for the list of tech-driven payment solutions pioneer One97 Communications, which operates under Paytm Brand on Thursday.
The company closed its Rs 18,300-crore IPO, the biggest IPO in the country’s history, last week with the issue getting subscribed 1.9 times.
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