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Droom Files DRHP for Rs.3,000 crore IPO

Droom Files DRHP for Rs.3,000 crore IPO
by 5paisa Research Team 15/11/2021

Droom Technologies has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs.3,000 crore via the IPO route. The IPO will comprise of a fresh issue of Rs.2,000 crore and an offer for sale of Rs.1,000 crore. The company is also planning a pre-IPO placement of Rs.400 crore and if successful, it would reduce the IPO amount proportionately.

Interestingly, Droom will be the second online automobile market place after CarTrade Tech to launch an IPO. CarTrade had done an offer for sale in August this year, but its performance has not been too exciting after listing and continues to quote at a 31% discount to the issue price.

Droom also offers an online agnostic auto market place with value added content to help people make car buying and selling decisions scientifically.

The OFS of Rs.1,000 crore will be offered by its parent company Droom Pte Ltd, which is based out of Singapore. The parent may also look to place part of the issue privately considering the unique nature of the industry. The platform offers the purchase and sale of first-hand and second-hand four-wheelers and also two-wheelers.

Droom was founded by Sandeep Agarwal in 2014 and offers a palate of over 250,000 vehicles to buy and sell on its platform. The user base is spread across more than 1000 towns and cities across the length and breadth of India.

Droom offers advantages to users like a huge choice of vehicles, best price based model, agnostic buy and sell platform, choice of used and new vehicles, over 1100 inspection points and easy loan and insurance.

Out of the fresh issue component of Rs.2,000 crore, Droom plans to deploy nearly Rs.1,100 crore for funding its organic growth via expansion of the franchise. Another Rs.400 crore will be used towards inorganic expansion where Droom will look for niche mergers and acquisitions to expand its missing blocks in the most efficient way.

The DRHP approval process normally takes up to 2 months and after that the process of filing RHP will be taken up simultaneously with the IPO execution. The Droom IPO will be lead managed by ICICI Securities, Axis Capital, Edelweiss, HSBC and Nomura. KFIN Technologies (formerly Karvy Computershare) will be the registrars to the IPO.

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Paytm IPO Allotment - How to Check the Allotment Status?

Paytm IPO Allotment
by 5paisa Research Team 15/11/2021

The Rs.18,300 crore IPO of One97 Communications (Paytm), consisting of Rs.8,300 crore fresh issue and Rs10,000 crore OFS, was subscribed 1.89X overall at the close of bidding on 10th November. The basis of allotment will be finalized on 15th November and the stock will be listed on 18th November. If you have applied for the Paytm IPO, you can check your allotment status online.

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime. Here are the steps.

Checking the allotment status of One97 Communications (Paytm) on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

1) Under Issue Type – Select Equity Option.
2) Under Issue Name – Select One97 Communications (Paytm) from the drop down box.
3) Enter the Application Number exactly as in the acknowledge slip.
4) Enter the PAN (10-digit alphanumeric) number.
5) Once this is done, you need to click on the Captcha to verity that you are not a robot.
6) Finally click on the Search Button.

The allotment status will be displayed on the screen in front of you informing about the number of shares of One97 Communications (Paytm) allotted to you.
 

Check - Paytm IPO - Subscription Day 3


Checking the allotment status of One97 Communications (Paytm) on Link Intime (IPO Registrar)

Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select One97 Communications (Paytm) from the drop down box.

A) There are 3 options. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination.

B) Select the appropriate option you want to use and enter the details (PAN / Application Number / DPID-Client ID).

C)  Finally, click on the Search button.

The IPO status with number of shares of One97 Communications (Paytm) allotted will be displayed on the screen.

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Sapphire Foods India IPO Allotment - How to Check the Allotment Status?

Sapphire Foods India IPO Allotment
by 5paisa Research Team 15/11/2021

The Rs.2,073.25 crore IPO of Sapphire Foods India, consisting entirely of an offer for sale (OFS) of Rs2,073.25 crore OFS, was subscribed 6.62X overall at the close of bidding on 11th November. The basis of allotment will be finalized on 16 November and the stock will be listed on 22-November. If you have applied for the Sapphire Foods India IPO, you can check your allotment status online.

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime. Here are the steps.

Checking the allotment status of Sapphire Foods India on BSE website.

Visit the BSE link for the IPO allotment by clicking on the link below https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow.

1) Under Issue Type – Select Equity Option.
2) Under Issue Name – Select Sapphire Foods India from the drop down box.
3) Enter the Application Number exactly as in the acknowledge slip.
4) Enter the PAN (10-digit alphanumeric) number.
5) Once this is done, you need to click on the Captcha to verity that you are not a robot.
6) Finally click on the Search Button.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Sapphire Foods India allotted to you.
 

Check - Sapphire Foods India IPO subscription Day-3


Checking the allotment status of Sapphire Foods India on Link Intime (IPO Registrar)

Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Sapphire Foods India from the drop down box.

A) There are 3 options. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination.

B) Select the appropriate option you want to use and enter the details (PAN / Application Number / DPID-Client ID).

C) Finally, click on the Search button.

The IPO status with number of shares of Sapphire Foods India allotted will be displayed on the screen.

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PB Fintech (Policybazaar) IPO - Listing Day Performance

PB Fintech (Policybazaar) IPO - Listing Day Performance
by 5paisa Research Team 15/11/2021

PB Fintech (Policybazaar) had a strong listing on 15th November and listed at a premium of 17.35%, and closed the day well above the listing price. While the stock did show a sharp bounce during the day, it failed to hold on to higher levels.

With overall subscription of 16.59X and stable trading interest in the GMP market, the listing was expected to be strong.
 

Here is the PB Fintech (Policybazaar) listing story on 15-Nov.


The IPO price was fixed at the upper end of the band at Rs.980 considering the 16.59X subscription. The price band for the PB Fintech (Policybazaar) IPO was Rs.940 to Rs.980. On 15th Nov, the stock of PB Fintech (Policybazaar) listed on the NSE at a price of Rs.1,150, a premium of 17.35% above the issue price of Rs.980.

On the BSE also, the stock listed at Rs.1,150 a premium of 17.35% on the issue price.

On the NSE, PB Fintech (Policybazaar) closed on 15-Nov at a price of Rs.1,201.60, a first day closing premium of 22.61% on the issue price. On the BSE, the stock closed at Rs.1,202.90, a first day closing premium of 22.74% on the issue price.

On both the exchanges, the stock not only listed above the IPO issue price but closed Day-1 well above the listing price.

On Day-1 of listing, PB Fintech (Policybazaar) touched a high of Rs.1,248.90 on the NSE and a low of Rs.1,149. The premium held through the day. On Day-1 of listing, the PB Fintech (Policybazaar) stock traded a total of 363.79 lakh shares on NSE amounting to value of Rs.4,332.71 crore.


Check - Policybazaar IPO - Subscription Day 3

On 15-Nov, Policybazaar was the most active share on NSE by traded value. On the BSE, PB Fintech (Policybazaar) touched a high of Rs.1,249 and a low of Rs.1,145.

On BSE, the stock traded a total of 12.93 lakh shares amounting to value of Rs.153.47 crore. It was the second most active share on the BSE in terms of trading value.

At the close of Day-1 of listing, PB Fintech (Policybazaar) had a market capitalization of Rs.54,070 crore with free-float market cap of Rs.11,355 crore.

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Tarsons Products IPO - Subscription Day 1

Tarsons Products IPO - Subscription Day 1
by 5paisa Research Team 15/11/2021

The Rs.1,023.47 crore IPO of Tarsons Products, consisting of a fresh issue of Rs.150 crore and an offer for sale (OFS) of Rs.873.47 crore, saw decent response on Day-1 of the IPO. As per the combined bid details put out by the BSE at the close of Day-1, Tarsons Products IPO was subscribed 1.09X overall, with reasonable demand coming from the retail segment only. The issue closes on 17th November.

As of close of 15th November, out of the 108.44 lakh shares on offer in the IPO, Tarsons Products saw bids for 118.39 lakh shares. This implies an overall subscription of 1.09X.

The granular break-up of subscriptions was dominated by the retail investors. However, the QIB bids and NII bids are expected to gather momentum on the last day, as is the general trend in the IPO market.
 

Tarsons Products IPO Subscription Day-1

 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.00 Times

Non Institutional Investors (NII)

0.17 Times

Retail Individuals

2.12 Times

Employees

0.41 Times

Overall

1.09 times

 

QIB Portion

The QIB portion of the IPO was subscribed Nil times at the end of Day-1. On 12th November, Tarsons Products did an anchor placement of 46,21,757 shares at the upper end of the price band of Rs.662 to 32 anchor investors raising Rs.305.96 crore.

The list of QIB investors included a number of marquee global names like GIC Singapore, Monetary Authority of Singapore, First Sentier Investors, Theleme India Fund, Macquarie and Abu Dhabi Investment Authority (ADIA). Domestic anchor investors included Birla Mutual Fund, Sundaram MF, ICICI Pru MF, Kotak MF, L&T MF, Mirae MF, Reliance General Insurance; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 30.81 lakh shares of which it has got bids for Nil shares on Day-1, implying a subscription ratio of 0.00X for QIBs at the close of Day-1. QIB bids typically get bunched on the last day but the heavy demand for the anchor placement forebodes well for the Tarsons Products IPO subscription overall.

HNI / NII Portion

The HNI portion got subscribed 0.17X (getting applications for 3.90 lakh shares against the quota of 23.11 lakh shares). This is not a very representative response on Day-1 because this segment normally sees the maximum response bunched on the last day. Bulk of the funded applications and corporate applications, come in on the last day of the IPO. 

Retail Individuals

The retail portion was subscribed an impressive 2.12X at the end of Day-1, showing decent retail appetite. It must be noted that retail allocation is 35% in this IPO. For retail investors; out of the 53.92 lakh shares on offer, valid bids were received for 114.25 lakh shares, which included bids for 88.47 lakh shares at the cut-off price.

The IPO is priced in the band of (Rs.635-Rs.662) and will close for subscription on 17th November 2021.

Also Read:-

Tarsons Products IPO - 7 Things to Know

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SJS Enterprises IPO - Listing Day Performance

SJS Enterprises IPO - Listing Day Performance
by 5paisa Research Team 15/11/2021

SJS Enterprises had a flat listing on 15th November at the issue price of Rs.542 but closed the day well below the issue price. While the stock did show a bounce during the day, it closed near to its intraday low levels.

With moderate subscription of 1.59X and limited trading interest in the GMP market, the listing was expected to be moderate to weak.

Here is the SJS Enterprises listing story on 15-Nov.

The IPO price was fixed at the upper end of the band at Rs.542 despite just a 1.59X subscription. The price band for the SJS Enterprises IPO was Rs.531 to Rs.542.

On 15th Nov, the stock of SJS Enterprises listed on the NSE at a price of Rs.542, exactly at the IPO issue price. On the BSE, the stock listed at Rs.540 a minor discount of -0.37% on the issue price.

On the NSE, SJS Enterprises closed on 15-Nov at a price of Rs.510, a first day closing discount of -5.90% on the issue price.

Check - SJS Enterprises Ltd IPO - Subscription Day 3

On the BSE, the stock closed at Rs.509.85, a first day closing discount of -5.93% on the issue price. On both the exchanges, the stock listed around the IPO issue price but closed Day-1 well below the listing price.

On Day-1 of listing, SJS Enterprises touched a high of Rs.551 on the NSE and a low of Rs.505.60. The closing was near to the low of the day.

On Day-1 of listing, the SJS Enterprises stock traded a total of 54.44 lakh shares on NSE amounting to value of Rs.289.09 crore. It did not feature among the top trades on value or on volumes on the NSE.

On the BSE, SJS Enterprises stock touched a high of Rs.551 and a low of Rs.505.50. On BSE, the stock traded a total of 2.25 lakh shares amounting to value of Rs.11.90 crore. It was not among the most active shares on the BSE.

At the close of Day-1 of listing, SJS Enterprises had a market capitalization of Rs.1,551.88 crore with free-float market cap of Rs.527.64 crore.

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