4 out of 8 IPOs makes market debut in November falls below issue price

A sharp correction to justice Out of the eight companies that first registered in the stock market in November, they pulled half or four below their respective prices.

One97 Communications, Paytm, a leading provider of digital payments, Finotech Bank of Fintech, SJS Enterprise, QSR Restaurant They are now trading below their own price.

At 12 40 40’s, the S&P BSE IPO index decreased by 3.7 percent, compared to the S&P BSE Sensex 1.6 percent. Fino Payments Bank, SJS Enterprises, Crisis and Medical Sciences (KMS), PB Fintech (a leading company in policy), Amy Organs, Zomato and Sansara Engineering fell between BSE IPO Index between 6% and 19 percent. Daily business today.

Individually, One97 Communications (Paytm) shares rose 19 percent to Rs 1,271 on BSE, up 27% from Thursday. Today’s stock fell 41 percent due to investors’ caution and skepticism about the company’s model.

India’s leading digital ecosystem is for consumers and businesses alike. The company offers consumers and merchants, technology-led, easy-to-use digital products and services, and simple and inclusive financial services. The company has a strong brand base and a strong customer base in digital payment services but it is still a bankrupt and expensive company so we have seen a good response in terms of subscriptions.

Fino Payments Bank also reduced BSE today by 19% to 366 Rs. The stock traded lower for the fifth straight day. The stock Launched on November 12, 2021, and is down 37 percent in price. Fino Payments Bank is a Fintech company that specializes in a variety of digital products and services that are primarily digital and payment focused.

In addition to Fino Payments Bank and SJS Enterprises, a total of seven have been listed recently. They traded at the lowest level, starting with their own listings. Details Aditya Birla Sun Life Assets Management Company, Tech, Chemcom Specialty Chemicals, Shiam Metallics and Energy and Windlass Biotech.

Price by Rs % day
Company IPO Recent Chg To list
Paytm 2150 1333.2 -38.0 November 18,2021
Fino Payments Bank 577 396.9 -31.2 November 12, 2021
SJS Enterprises 542 429.7 -20.7 November 15, 2021
Sapphire Foods 1180 1165.3 -1.3 November 18,2021
PB Fintech 980 1234.5 26.0 November 15, 2021
FSN E-Commerce 1125 2101.1 86.8 November 10, 2021
Sigachi Industries 163 543.6 233.5 November 15, 2021
* Latest price on BSE 01 ፡ 15 p.m.

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