Nifty 17196.7 (-1.18%)
Sensex 57696.46 (-1.31%)
Nifty Bank 36197.15 (-0.85%)
Nifty IT 35848.05 (-0.86%)
Nifty Financial Services 17779.5 (-1.13%)
Adani Ports 737.45 (-0.22%)
Asian Paints 3110.45 (-2.21%)
Axis Bank 673.00 (-0.46%)
B P C L 385.90 (1.86%)
Bajaj Auto 3287.85 (-1.22%)
Bajaj Finance 7069.25 (-1.55%)
Bajaj Finserv 17488.70 (-1.52%)
Bharti Airtel 718.35 (-1.94%)
Britannia Inds. 3553.75 (-0.69%)
Cipla 912.05 (-1.00%)
Coal India 159.75 (0.28%)
Divis Lab. 4757.05 (-0.42%)
Dr Reddys Labs 4596.50 (-1.42%)
Eicher Motors 2455.55 (0.16%)
Grasim Inds 1703.90 (-1.16%)
H D F C 2771.65 (-1.29%)
HCL Technologies 1171.40 (-1.12%)
HDFC Bank 1513.55 (-0.80%)
HDFC Life Insur. 690.95 (-2.03%)
Hero Motocorp 2462.45 (-0.41%)
Hind. Unilever 2343.65 (-1.66%)
Hindalco Inds. 424.65 (-1.72%)
I O C L 122.20 (1.28%)
ICICI Bank 716.30 (-0.84%)
IndusInd Bank 951.15 (0.59%)
Infosys 1735.55 (-0.73%)
ITC 221.65 (-1.69%)
JSW Steel 644.55 (-0.34%)
Kotak Mah. Bank 1914.20 (-2.55%)
Larsen & Toubro 1801.25 (0.67%)
M & M 836.95 (-1.48%)
Maruti Suzuki 7208.70 (-1.59%)
Nestle India 19321.35 (-0.93%)
NTPC 127.00 (-1.32%)
O N G C 145.90 (1.32%)
Power Grid Corpn 206.10 (-3.92%)
Reliance Industr 2408.25 (-3.00%)
SBI Life Insuran 1165.95 (-1.86%)
Shree Cement 25914.05 (-1.43%)
St Bk of India 473.15 (-0.81%)
Sun Pharma.Inds. 751.80 (-1.89%)
Tata Consumer 774.30 (0.14%)
Tata Motors 480.10 (0.21%)
Tata Steel 1118.00 (0.50%)
TCS 3640.45 (-0.07%)
Tech Mahindra 1593.30 (-2.23%)
Titan Company 2369.25 (-0.72%)
UltraTech Cem. 7332.45 (0.13%)
UPL 712.75 (2.08%)
Wipro 640.75 (-0.94%)

Nykaa IPO - Subscription Day 3

Nykaa IPO - Subscription Day 3
by 5paisa Research Team 01/11/2021

The Rs.5,352 crore IPO of FSN E-Commerce Ventures (Nykaa), consisting of a fresh issue of Rs.630 crore and an offer for sale or OFS of Rs.4,722 crore, was already oversubscribed on Day-1 itself. As per the combined bid details put out by the BSE at the close of Day-3, FSN E-Commerce Ventures (Nykaa) IPO was subscribed 81.78X overall, with heavy demand coming from the HNI segment and QIB segment. The issue has closed as on 01st November.

As of close of 01st November, out of the 264.85 lakh shares on offer in the IPO, FSN E-Commerce Ventures (Nykaa) saw bids for 21,659.47 lakh shares. This implies an overall subscription of 81.78X. The granular break-up of subscriptions was dominated by the HNIs and the QIB. On Monday, the QIB bids and NII bids gathered momentum as is the general trend in the IPO market.
 

Nykaa IPO Subscription Day-3
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

91.18 Times

Non Institutional Investors (NII)

112.02 Times

Retail Individuals

12.24 Times

Employees

1.88 Times

Overall

81.78 times

 

QIB Portion

The QIB portion of the IPO was subscribed 91.18 times at the end of Day-3. On 27 October, FSN E-Commerce Ventures (Nykaa) did an anchor placement of 212.96 lakh shares at the upper end of the price band of Rs.1,125 to 174 anchor investors raising Rs.2,396 crore.

The list of QIB investors including a number of marquee names like Blackrock, Fidelity, Government of Singapore, ADIA, MAS, T Rowe Price, Aberdeen, Goldman Sachs, SBI MF, HDFC MF, ICICI Pru MF, Kotak MF, Tata MF; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 143.53 lakh shares of which it has got bids for 13,086.13 lakh shares, implying a subscription ratio of a healthy 91.18X for QIBs at the close of Day-3. QIB bids typically get bunched on the last day and that was evident in the Nykaa issue.

HNI / NII Portion

The HNI portion got subscribed 112.02X (getting applications for 7,986.81 lakh shares against the quota of 71.30 lakh shares). This is a solid response on Day-3 with this segment seeing maximum response bunched on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day of the IPO.

Retail Individuals

The retail portion was subscribed a robust 12.24X at the end of Day-3, showing strong retail appetite. However, it must be noted that retail allocation is just 10% in this IPO. For retail investors; out of the 47.53 lakh shares on offer, valid bids were received for 581.83 lakh shares, which included bids for 455.08 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.1,085-Rs1,125) and has closed for subscription on 01st November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Fino Payments Bank IPO - Subscription Day 2

Fino Payments Bank IPO - Subscription Day 2
by 5paisa Research Team 01/11/2021

The Rs.1,200 crore IPO of Fino Payments Bank, consisting of a fresh issue of Rs.300 crore and an offer for sale (OFS) of Rs.900 crore, continued to see a tepid response on Day-2. As per the combined bid details put out by the BSE at the end of Day-2, Fino Payments Bank IPO was subscribed 0.87X overall, with bulk of the demand coming purely from the retail segment which saw a robust oversubscription. The issue closes on 02nd November.

As of close of 01st November, out of the 114.65 lakh shares on offer in the IPO, Fino Payments Bank saw bids for 99.91 lakh shares. This implies an overall subscription of 0.87X. The granular break-up of subscriptions were tilted in favour of retail investors with HNIs and QIBs hardly participating on the first two days of the IPO. QIB bids and NII bids typically come in only on the last day of the IPO.
 

Fino Payments Bank IPO Subscription Day-2

 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.00 Times

Non Institutional Investors (NII)

0.10 Times

Retail Individuals

4.65 Times

Employees

0.56 Times

Overall

0.87 times

 

QIB Portion

The QIB portion of the IPO saw negligible subscription at the end of Day-2 also. On 28 October, Fino Payments Bank did an anchor placement of 93,37,641 lakh shares at the upper end of the price band of Rs.577 to 29 anchor investors raising Rs.539 crore.

The list of QIB investors including a number of marquee names like Fidelity, HSBC Global, Pinebridge, Birla Mutual, Tata MF, SBI Life, Invesco, BNP Paribas and Societe Generale; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 62.25 lakh shares of which it has got negligible bids for shares on Day-2 of the IPO. QIB bids typically get bunched on the last day, but anchor response has been robust and that is good news.

HNI / NII Portion

The HNI portion got subscribed 0.10X (getting applications for 3.10 lakh shares against the quota of 31.13 lakh shares). This is a relatively tepid response on Day-2 and this segment normally sees response on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better. 

Retail Individuals

The retail portion was subscribed a robust 4.65X at the end of Day-2, showing strong retail appetite. Retail allocation for this IPO is 35% of the offer size. For retail investors; out of the 20.75 lakh shares on offer, valid bids were received for 96.51 lakh shares, which included bids for 77.35 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.560 – Rs577) and will close for subscription on 02nd November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Policybazaar IPO - Subscription Day 1

Policybazaar IPO - Subscription Day 1
by 5paisa Research Team 01/11/2021

The Rs.5,625 crore IPO of PB Fintech (Policybazaar & Paisabazaar), consisting of a fresh issue of Rs.3,750 crore and an offer for sale (OFS) of Rs.1,875 crore, saw a decent response on Day-1. As per the combined bid details put out by the BSE, PB Fintech (Policybazaar & Paisabazaar) IPO was subscribed 0.54X overall, with bulk of the demand coming from the retail segment followed by the QIBs. The issue closes on 03rd November.

As of close of 01st November, out of the 345.12 lakh shares on offer in the IPO, PB Fintech (Policybazaar & Paisabazaar) saw bids for 185.60 lakh shares. This implies an overall subscription of 0.54X. The granular break-up of subscriptions were tilted in favour of retail investors with QIBs participating on the first day of the IPO in a much smaller way. QIB bids and NII bids typically come in only on the last day of the IPO.
 

PB Fintech (Policybazaar & Paisabazaar) IPO Subscription Day-1

 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.56 Times

Non Institutional Investors (NII)

0.06 Times

Retail Individuals

1.18 Times

Employees

N.A.

Overall

0.54 times

 

QIB Portion

The QIB portion of the IPO saw 0.56X subscription at the end of Day-1. On 29 October, PB Fintech (Policybazaar & Paisabazaar) did an anchor placement of 2,62,18,079 lakh shares at the upper end of the price band of Rs.980 to 155 anchor investors raising Rs.2,569 crore.

The list of QIB investors including a number of marquee names like Goldman Sachs, Nomura, Blackrock, Morgan Stanley, Canadian Pensions, Fidelity, ADIA, ICICI Pru MF, SBI MF, Axis MF, UTI MF; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 193.30 lakh shares of which it has got bids for 107.77 lakh shares on Day-1 of the IPO. QIB bids typically get bunched on the last day, but anchor response has been robust and that is good news for the QIB response in the coming days.

HNI / NII Portion

The HNI portion got subscribed 0.06X (getting applications for 5.91 lakh shares against the quota of 91.10 lakh shares). This is a relatively tepid response on Day-1 and this segment normally sees response on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better. 

Retail Individuals

The retail portion was subscribed a robust 1.18X at the end of Day-1, showing strong retail appetite. Retail allocation for this IPO is 10% of the offer size. For retail investors; out of the 60.73 lakh shares on offer, valid bids were received for 71.92 lakh shares, which included bids for 59.23 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.940 – Rs980) and will close for subscription on 03rd November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

SJS Enterprises Ltd IPO - Subscription Day 1

SJS Enterprises Ltd IPO - Subscription Day 1
by 5paisa Research Team 01/11/2021

The Rs.800 crore IPO of SJS Enterprises Ltd, consisting entirely of offer for sale (OFS) of Rs.800 crore, saw a tepid response on Day-1. As per the combined bid details put out by the BSE, SJS Enterprises Ltd IPO was subscribed just 0.32X overall, with bulk of the demand coming from the retail segment which saw robust activity on the first day. The issue closes on 03rd November.

As of close of 01st November, out of the 105.46 lakh shares on offer in the IPO, SJS Enterprises Ltd saw bids for 34.05 lakh shares. This implies an overall subscription of 0.32X. The granular break-up of subscriptions were tilted in favour of retail investors with HNIs and QIBs hardly participating on the first day of the IPO. QIB bids and NII bids typically come in only on the last day of the IPO.
 

SJS Enterprises IPO Subscription Day-1
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.00 Times

Non Institutional Investors (NII)

0.01 Times

Retail Individuals

0.64 Times

Employees

N.A.

Overall

0.32 times

 

QIB Portion

The QIB portion of the SJS Enterprises IPO saw nil subscription at the end of Day-1. On 29th October, SJS Enterprises Ltd did an anchor placement of 44,28,023 lakh shares at the upper end of the price band of Rs.542 to 18 anchor investors raising Rs.240 crore.

The list of QIB investors including a number of marquee names like Tara Emerging Asia, Societe Generale, Nomura, Goldman Sachs, Citigroup, Axis MF, Franklin Templeton MF, Aditya Birla Sun Life Insurance, Edelweiss, Avendus; among others.

The QIB portion (net of anchor allocation as explained above) has a quota of 30.13 lakh shares of which it has got bids for Nil shares on Day-1 of the IPO. QIB bids typically get bunched on the last day, but anchor response has been robust and that is good news.
    

HNI / NII Portion

The HNI portion got subscribed 0.01X (getting applications for 0.31 lakh shares against the quota of 22.60 lakh shares). This is a very tepid response on Day-1 and this segment normally sees response on the last day. That is because, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better.

Retail Individuals

The retail portion was subscribed a robust 0.64X at the end of Day-1, showing strong retail appetite. Retail allocation for this IPO is 35% of the offer size. For retail investors; out of the 52.73 lakh shares on offer, valid bids were received for 33.75 lakh shares, which included bids for 27.35 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.531 – Rs542) and will close for subscription on 03rd November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Sigachi Industries Ltd IPO - Subscription Day 1

Sigachi Industries IPO - Subscription Day 1
by 5paisa Research Team 01/11/2021

The Rs.125.43 crore IPO of Sigachi Industries Ltd, consisting entirely of a fresh issue of Rs.125.43 crore, saw a tremendously strong response on Day-1. As per the combined bid details put out by the BSE, Sigachi Industries Ltd IPO was subscribed 9.52X overall, with bulk of the demand coming from the retail segment which saw a robust oversubscription.

However, HNI portion also got oversubscribed and QIBs have participated too. The issue closes on 03rd November.

As of close of 01st November, out of the 53.87 lakh shares on offer in the IPO, Sigachi Industries Ltd saw bids for 512.76 lakh shares. This implies an overall subscription of 9.52X. The granular break-up of subscriptions were tilted in favour of retail investors with HNIs also participating aggressively and QIBs also chipping in on the first day of the IPO. QIB bids and NII bids typically come in only on the last day of the IPO.
 

Sigachi Industries Ltd IPO Subscription Day-1
 

Category

Subscription Status

Qualified Institutional Buyers (QIB)

0.57 Times

Non Institutional Investors (NII)

4.44 Times

Retail Individuals

16.81 Times

Employees

N.A.

Overall

9.52 times

 

QIB Portion

The QIB portion of the IPO saw 0.57X subscription at the end of Day-1. On 29 October, Sigachi Industries Ltd did an anchor placement of 23,08,500 lakh shares at the upper end of the price band of Rs.163 to 2 anchor investors raising Rs.37.63 crore. The 2 QIB investors that invested in the anchor placement of Sigachi Industries include 3 Sigma Global Fund and Nexus Global Opportunities Fund.

The QIB portion (net of anchor allocation as explained above) has a quota of 15.39 lakh shares of which it has got bids for 8.82 lakh shares on Day-1 of the IPO. QIB bids typically get bunched on the last day, but the start has been good enough.


HNI / NII Portion

The HNI portion got subscribed 4.44X (getting applications for 51.28 lakh shares against the quota of 11.54 lakh shares). This is a very strong response on Day-1 since this segment normally sees such a robust response on the last day. In fact, bulk of the funded applications and corporate applications, come in on the last day, so the actual picture should only get better from here on. 

Retail Individuals

The retail portion was subscribed a robust 16.81X at the end of Day-1, showing strong retail appetite. Retail allocation for this IPO is 35% of the offer size. For retail investors; out of the 26.93 lakh shares on offer, valid bids were received for 452.66 lakh shares, which included bids for 339.59 lakh shares at the cut-off price. The IPO is priced in the band of (Rs.161 – Rs.163) and will close for subscription on 03rd November 2021.

Also Read:-

Upcoming IPOs in 2021

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
Next Article

Auto Dispatch Numbers of October 2021

Auto Dispatch Numbers of October 2021
by 5paisa Research Team 02/11/2021

Overall auto numbers for the month of October 2021 were disappointing on the 4-wheeler front. This was due to a combination of spike in input inflation and a shortage of microchips in the market.

Here is a quick take on how the key auto company dispatches panned out.


1) The biggest automaker, Maruti Suzuki saw domestic sales fall -33.4% to 108,991 units on YoY basis. The fall was much lower in the mini passenger car segment at -24% while the compact passenger vehicles saw a fall of -48.8% on a YoY basis.

Utility vehicles like the Ertiga, Gypsy and S-Cross saw dispatches increasing by 6.6% YoY. Production at its plants at Manesar and Suzuki’s plant in Gujarat have seen production schedules impacted by the sharp shortfall in microchips.

2) The second largest automaker, Hyundai Motors, also witnessed a 34.6% fall in auto dispatches at 37,021 units in the month of October.

3) The two India-bred auto companies actually flattered on the sales front. Tata Motors reported 44% YoY growth in dispatches at 32,339 units on the back of new launches. Tata Motors also sold 1,586 units of electrical vehicles (EV) during the month.

Mahindra & Mahindra reported marginal increase in auto dispatches in Oct-21 by 8% at 20,130 units largely driven by the utility vehicles segment.

4) Outside of the four large players in the auto segment, the other players put up a mixed dispatch show with positive growth coming more from a low base. Consider some of these numbers.

Kia India reported -22% fall in dispatches at 16,331 units while Toyota Motors reported a marginal 1% increase in Oct-21 dispatches at 12,440 units. Honda Cars reported -25% fall in dispatches at 8,108 units.

5)  Among the 3 smallest players in the auto space in India; Nissan reported a sharp 254% spike in dispatches at 3,913 units, albeit on a low base. Skoda also reported a 115.6% spike in dispatches to 3,065 units for the month of October. Finally, MG Hector reporting -23.6% fall in auto dispatches at 2,863 units.

It must be noted that all the above numbers as reported by the Society of Indian Auto Manufacturers (SIAM) are the dispatches by the auto manufacturers to the dealers. However, the current scenario is that most auto dealers are running at just about 1-2 weeks of inventory, in the midst of the busy festive season.

Open Demat Account

Enter First Name & Last Name
Enter Mobile Number
Enter correct otp
Please enter referal code
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order