Sigachi Industries Limited – Issue subscribed 101.91 times

Sigachi Industries Limited which had tapped the capital markets with its fresh issue for 76.95 lac shares in a price band of Rs 161-163 was subscribed 101.91 times. The company had earlier completed allocation to anchor investors. The issue had opened on Monday the 1st of November and closed on Wednesday the 3rd of November.

The company allotted 23,08,500 equity shares amongst two anchor investors equally. They are 3 Sigma Global Fund and Nexus Global Opportunities Fund Limited which were each allotted 11,54,250 shares at the top end of the price band of Rs 163.

The QIB portion was subscribed 86.51 times, HNI portion was subscribed 172.43 times and Retail portion was subscribed 80.49 times. The overall issue was subscribed 101.91 times. There were 20,72,674 application and on basis of lots, retail portion was subscribed 69.26 times.

Full details of the subscription are given below: –

Sigachi Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 1539000 133137000 86.51
HNI 1154250 199031670 172.43
Retail 2693250 216786150 80.49
Total 5386500 548954820 101.91

SJS Industries Limited – Issue subscribed 1.63 times

SJS Enterprises Limited which had tapped the markets with its offer for sale of Rs 800 crs in a price band of Rs 531-542 was subscribed 1.63 times. Earlier the company had completed allocation to anchor investors. The issue had opened on Monday the 1st of November and closed on Wednesday the 3rd of November.

The company allotted 44,28,043 shares to 13 Anchor Investors comprising of 18 entities. The top allocation was made equally to three funds, namely Axis Mutual Fund, Franklin and Goldman Sachs who were each allotted 18.75% of the anchor allocation. The top three anchors were effectively allocated 56.25% of the anchor book.

The QIB portion was subscribed 1.45 times, HNI portion was subscribed 2.36 times and Retail portion was subscribed 1.41 times. There were 2,36,809 applications and on basis of lots the retail portion of the issue was subscribed 1.24 times.

Full details of the subscription category wise are given below: –

SJS Enterprises Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 2952029 4271022 1.45
HNI 2214022 5234760 2.36
Retail 5166052 7292079 1.41
Total 10332103 16797861 1.63

PB Fintech Limited – Issue subscribed 17.86 times

PB Fintech Limited the holding company for Policy Bazaar which had tapped the capital markets with its fresh issue of Rs 3,750 crs and an offer for sale of Rs 1,933.50 crs and an offer for sale of 2,67,500 shares was subscribed 17.86 times. The price band was Rs 940-980 and at the top end of the price band the issue would garner Rs 5,709.71 crs. The issue had opened on Monday the 1st of November and closed on Wednesday the 3rd of November.

The company had earlier allotted 2,62,18,079 equity shares to 155 entities. The company within this number allotted 33.53% of the shares to 18 domestic funds comprising of 69 entities. New World Fund was allotted the highest allocation at 14,82,435 equity shares comprising of 5.65% of the anchor book.

The QIB portion was subscribed 27.52 times, HNI portion was subscribed 8.15 times and Retail portion was subscribed 3.45 times. There were 10,95,622 applications and on basis of lots, the retail portion was subscribed 2.82 times.

Full details of the subscription, category wise are given below: –

PB Fintech Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 17478720 481022745 27.52
HNI 8739359 71243700 8.15
Retail 5826239 20119005 3.45
Total 32044318 572385450 17.86
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