Sigachi's record 3.7 times jump kicks off busy listing week

PolicyBazaar's parent gains 23% on debut

Microcrystalline cellulose maker Sigachi Industries’ stock price surged 3.7 times or 270 per cent over its IPO price, recording the best-ever gain witnessed by an Indian company on its listing day. Shares of PB Fintech, parent of online insurance marketplace PolicyBazaar, too, witnessed a handsome gain of 23 per cent upon listing, marking a strong start for the busiest week in over a decade for listing.

SJS Enterprises, on the other hand, witnessed its stock price fall below the issue price on debut. The company’s stock price ended 6.13 per cent below its IPO price of Rs 540.