Policybazaar IPO Allotment Status: Policy Bazaar is all set for IPO. The company’s initial public offering (IPO) was available on 3rd of November and Policybazaar IPO Allotment Status will be publicly available after 10th November 2021, the date we know now as Policy Bazaar Day! It closed today at 16:59 with about 15% subscription rate for equity shares in PB Financial Services Ltd.
The bidding on a controversial issue reached 57,23 shares. The highest bid was for 100 times that amount! You can check Link Intime’s registration details through its official portal or at the BSE India website, the PolicyBazaar IPO Allotment section has been updated with new information as well!
Policy Bazaar has announced that the finalization of their IPO is expected on November 10th. Equity shares will be credited to all customers who got allocations through Demat accounts by 12th of same month! You can check for yourself when your allocation becomes available online through the links given below on this page.
Policy Bazaar IPO Details
PB IPO was one of the most awaited public offers in recent history. Now, investors are finally getting their eyes on an allotment status for 100% Book Built Issues with fresh issues aggregating up to Rs 37500 million that will be available tomorrow! Talking about subscriptions during bidding process – 1659 people subscribed at once after it closed down bid prices yesterday evening which is really exciting news since this means they believe strongly enough about what we’re offering here at our company’s future potentials…
PB IPOs has been considered eagerly awaited by many enthusiasts because they want see how well investments go off before deciding whether or not investing more time into research.
Investors must keep the IPO details (such as PAN No., Application No., Client ID) handy so that they can view their allotment status with ease. To get complete information about upcoming IPOs, do read this post till end!
Policybazaar IPO Allotment Status Check
PB Fintech Limited, the parent company of Policy Bazaar and Paisa Bazaar has raised ₹5.7 crore via Initial Public Offering (IPO) with prices ranging between Rs940-980 per share on bourses across India including Bombay Stock Exchange(BSE). The fresh issue was made available at ₹3 lakhs for each existing equity shareholder who wants to sell their shares in addition to an offer for sale amounting up tp about 1 960 crores by PBF itself.
While the company is still in its infant stages, it seems that they are already gaining momentum. With this being said I wouldn’t be surprised if we see some big name companies supporting their brand value soon enough – especially with how popular insurance comparison sites have become over time!
Policybazaar IPO: Overview
|Name of the IPO||Policy Bazaar IPO|
|Company||PB Fintech Limited|
|Registrar||Link Intime India Private Ltd|
|Lead Managers||HDFC Bank Limited|
Kotak Mahindra Capital Company Limited
Citigroup Global Markets India Private Limited
Jefferies India Private Limited
ICICI Securities Limited
IIFL Securities Ltd
Morgan Stanley India Company Pvt Ltd
|Issue/Offer Type||Book Built Offer|
|Fresh Issue||[.] Equity Shares Aggregating upto Rs.37500 million|
|Offer for Sale||[.] Equity Shares of Rs.2|
(Aggregating up to Rs.1875 Crore)
|Face Value||Rs.2 per Share|
|Price Band||Rs.940 to Rs.980 per Equity share|
|Minimum Order Quantity||15 Shares|
|Market Lot||15 Shares|
|IPO Bidding date||1st to 3rd November 2021|
|Basis of finalizing IPO allotment||10th November 2021|
|Listing at||BSE & NSE|
|Official portal of PB Fintech||www.pbfintech.in|
Policybazaar/PB Fintech IPO Important Dates
Policy Bazaar’s IPO was opened with a bang on November 1st, closed out promptly at 5pm EST the same day. The Allotment finalization is expected to happen between 10am – 12 noon and may last less than one hour if there are no issues!
It seems like everything went smoothly for this company in their initial public offering process- all details should be confirmed within next few days before deciding whether or not it would make sense to buy shares from this start up while they’re still available.
The company is expected to be listed on the 15th of November.
PB IPO Allotment: Important Dates
|Issue of Draft Prospectus (DRHP)||31st July 2021|
|Issue of Prospectus (RHP)||25th October 2021|
|Opening of Offer/ Bid||1st November 2021|
|Closing of Offer/ Bid||3rd November 2021|
|Release of Allotment||10th November 2021|
|Refund Initiation||10th November 2021|
|Crediting of shares to Demat Accounts||12th November 2021|
|Dates of IPO listing||15th November 2021|
Objects of the Offer
The net proceeds of Policy bazaar public offer will be used to achieve the following objectives-
- The company plans to invest 15 billion for brand awareness.
- With the goal of enhancing company’s consumer base, this investment will help them reach more people across India (Rs.3750 million).
- with this funds company plans for Expansion of market outside India.
- To fund acquisitions and strategic investments.
- To meet financial General corporate purposes.
Policy Bazaar IPO Subscription Details
|Category||IPO Subscription (times)|
|Retail Individual Investors (RII)||3.31times|
|Qualified Institutional Buyers (QIB)||24.89 times|
|Non-Institutional Investors (NII)||7.82 times|
How to Check PolicyBazaar IPO Status Online?
Policy Bazaar has updated its status to the investor community. You can check your allocation manually or through an online portal, which will provide you with step-by-step instructions on how to do so.
- In order to place an Policybazaar IPO allotment, you must visit the official registrar’s website. You can do this by going to this Link, Simply click on https://linkintime.co.in/MIPO/Ipoallotment.html.
- To search for your allotted details, click on the Search option using which you can check whether it is possible to view all of our records. You may select among PAN number (e-mail address), application no., and DP client id options.
- Now, select the Policy Bazaar IPO option by clicking on the dropdown menu.
- Cross check the Login information that you’ve enter before proceeding.
- Now click on the Search button and after successfully login you will get your PB IPO allotment status.
You can also check your status as an investor using the BSE Allotment Portal. The process is simple and straightforward-
- First, visit the official Bombay Stock Exchange (BSE) allotment page or use the direct link given below. i.e., www.bseindia.com/investors/appli_check.aspx.
- After that, click on the tab named “Investors” and select “Status of Issue Application.”
- Now Click/open the “application status check” button.
- Then select your issue type and issue name.
- After that enter the following details like Policy bazaar IPO application number and PAN card details.
- Now Click on submit button and you can check your allotment status.
|Policy Bazaar Official portal||www.pbfintech.in|
|Allotment on BSE India||Check Here|
|To Check Allotment on Linkintime||Check Here|
Note: It is mandatory to fill all the particulars details that are marked with the * (asterisk) sign.
After the allotment of shares, there will be a lot who are not included in this deal. These investors can get their refund by November 11th 2021!
Transfer of Shares
After the successful bidders are issued their shares, they can expect to have them credited into an online Demat Account by November 12th 2021.
Policybazaar IPO is set to list its shares on two top exchanges in the country, November 15th 2021. The listing will be for NSE and BSE rankings which have been said by many experts as being very prestigious among financial markets all over India. The ultimate goal of an offer isn’t complete until you’ve got it listed! So get your seat reserved now while there’s still time before we hit capacity at this rate.
Frequently Asked Questions
What is the Policy Bazaar IPO Allotment Date?
10th November 2021 is the Policy Bazaar IPO allotment date.
How to Check Policy Bazaar IPO Allotment Status?
You can checked Police Bazaar IPO allotment status from Link Intime India Pvt. Ltd.
What is the refund date for Policy Bazaar IPO?
The refund date for the Policy Bazaar IPO (Windlass Biotech IPO) is 11th November 2021.
What are the chances of getting a Policy Bazaar IPO?
It’s hard to predict but the expected will be around 3:1.