With the successful closure of the issues, the overall fundraising through initial public offers in 2021 crossed ₹86,400 crore. The previous record was in 2017, when 36 companies raised ₹67,147 crore.
The ₹5,710-crore IPO of PB Fintech, that operates Policybazaar, received bids for 57.24 crore equity shares against an offer size of 3.45 crore shares. The qualified institutional investor’s portion saw a demand of 24.89 times the share reserved for them; non-institutional investors or high net worth individuals put in bids 7.82 times the quantity set aside for them. The retail investors’ portion was subscribed 3.31 times.
The Policybazaar IPO, which opened on November 1, comprised a fresh issue of ₹3,750 crore and an offer for sell worth ₹1,960 crore.
The SoftBank-backed startup raised over ₹2,569 crore from 155 anchor investors on Friday.
The IPO of Everstone-backed SJS Enterprises, one of the Indian decorative aesthetics players, received bids of 1.68 crore equity shares against the offered 1.05 crore. The portion set aside for non-institutional investors was subscribed 2.32 times, while qualified institutional buyers had put in bids for 1.42 times of their portion. Retail investors bid 1.38 times the portion reserved for them.
The public offer was entirely an offer for sale of shares worth ₹710 crore by Evergraph Holdings and shares worth ₹90 crore by KA Joseph.
The ₹125-crore IPO of Sigachi Industries generated a strong response from investors on the last day of bidding. According to the figures from BSE, the issue attracted bids for 5.49 crore equity shares against the offered size of 5.39 lakh shares. The portion reserved for non-institutional investors was subscribed 172.43 times, while the QIB portion had bid 86.51 times of their portion. The retail investor portion was subscribed 80.47 times.
