Policybazaar IPO Subscription Status {Live Data – Day 1}
Written by Lucky Wilson | KGTO Writer on November 1, 2021
PB Fintech Policybazaar IPO subscription to begin from November 01, Monday. The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. The IPO subscription will shut on November 03, 2021, Wednesday. The corporate to boost ₹6017 crores by way of IPO at a value band of ₹940 to ₹980. The minimal bid for the IPO is 15 shares that price ₹14,700 for l lot. The gray market goes effectively round ₹150 to 200 stage however on the decrease facet with decrease trades, because it was began round ₹250.
The Haryana based mostly PB Fintech Restricted is likely one of the well-known and largest on-line insurance coverage platform serving in India with model names Policybazaar and Paisabazaar. Each platform affords the massive and extremely underneath penetrated on-line insurance coverage and lending markets. The corporate reported ₹957 crores of revenues in 2021 towards ₹856 crores in 2020. The loss was stood at ₹141.91 crores in 2021 in comparison with lack of ₹294.84 crores in 2020. The corporate has good model worth and we would see an upside within the insurance coverage trade in coming years. Please verify the Policybazaar IPO particulars over right here.
IPOWatch View
Policybazaar IPO Subscription Standing (Dwell Information)
(Day 1 – Until 1:00)
The Policybazaar IPO subscribed 0.21x on day 1. The subscription contains Certified Institutional Purchaser (QIB) 0.16x, Non-institutional Bidders (NII) 0.01x and Retail (RII) 0.71x.
| Class | Day 1 | Day 2 | Day 3 |
| QIB | 0.16x | 0.00x | 0.00x |
| NII | 0.01x | 0.00x | 0.00x |
| RII | 0.71x | 0.00x | 0.00x |
| EMP | 0.00x | 0.00x | 0.00x |
| Whole | 0.21x | 0.00x | 0.00x |
PolicyBazaar IPO Date & Value Band
| IPO Open: | 01 November 2021 |
| IPO Shut: | 03 November 2021 |
| IPO Dimension: | Approx ₹6017.50 Crores |
| Recent Situation: | Approx ₹3750 Crores |
| Supply for Sale: | Approx ₹2267.50 Crores |
| Face Worth: | ₹2 Per Fairness Share |
| Value Band: | ₹940 to ₹980 Per Share |
| Itemizing on: | BSE & NSE |
| Retail Portion: | 10% |
| Low cost: | N/A |
PolicyBazaar IPO Market Lot
| Minimal Lot Dimension: | Minimal 15 Shares |
| Minimal Quantity: | ₹14,700 |
| Most Lot Dimension: | Most 195 Shares |
| Most Quantity: | ₹191,100 |
PolicyBazaar IPO Date, Time Desk, Allotment & Itemizing
| Value Band Announcement: | 26 October 2021 |
| Anchor Traders Allotment: | 29 October 2021 |
| IPO Open Date: | 01 November 2021 |
| IPO Shut Date: | 03 November 2021 |
| Foundation of Allotment: | 10 November 2021 |
| Refunds: | 11 November 2021 |
| Credit score to Demat Account: | 12 November 2021 |
| IPO Itemizing Date: | 15 November 2021 |
Policybazaar IPO Subscription FAQs:
The IPO subscription begins on November 01, 2021 for QIB, NII, and Retail Traders.
The IPO subscribed 0.00x occasions on day 1.
The RII subscription is 0.00x on day 1.
You’ll be able to go together with ASBA and Non ASBA choice for subscription. Go to your checking account and apply IPO on-line by way of ASBA or obtain type on-line or get the bodily type and submit the crammed type to your dealer or financial institution.
Tips on how to Apply the PolicyBazaar IPO by Zerodha?
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One can go to our portal for dwell IPO subscription numbers that we’re updating hourly foundation from the official web site NSE and BSE web site. One can verify the dwell subscription on BSE or NSE web site on the actual IPO web page.
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