Policybazaar IPO Share Allotment: The allotment of shares of PB Fintech, the parent company of insurance aggregator PolicyBazaar, will take place on Wednesday. This IPO of Rs 5,625 crore was subscribed 16.59 times on the last day of the issue. The issue received bids for 57.23 crore equity shares against an offer size of 3.45 crore equity shares. According to the red herring prospectus, the shares of Policybazaar IPO may be listed on the stock market next week on Monday, November 15. Those who do not get the shares, their money will be returned on November 11. The equity shares will be credited to the depository accounts of the investors on the next day. In the primary market, its shares reached a premium of Rs 40 per share i.e. Rs 1020 against the issue price of Rs 980.
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Experts opinion
Analysts say PB Fintech’s IPO has received mixed reactions from investors. Abhay Doshi, Founder, UnlistedArena.com, told Financial Express Online, “There is no doubt that the company is very well positioned in its segment but the aggressive pricing has made investors cautious. Due to the high cost, the listing may not be fancy. We expect the issue to open at a nominal premium of 5-10%.” Investors can check their share allotment status on the website of Registrar Link Intime India Private Limited or the website of BSE.
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How to check allotment status through Link Intime India
- Investors can check the IPO status section of the Link Intime India website at https://linkintime.co.in/MIPO/Ipoallotment.html after the allotment is finalised.
- After reaching this page, select ‘Policybazaar — IPO’, whose allotment status is to be checked.
- After this, application number or DP ID / Client ID or PAN, one of these three options will have to be selected, through whose details the allotment is to be checked.
- If Application Number is selected, then select Application Type and enter Application Number. If DP ID / Client ID is selected then select Depository and enter DPIP, Client ID. If PAN is selected then fill the PAN.
- Fill the captcha and submit.
- The information about the number of shares applied for and the number of shares allotted will be displayed on the screen.
Check allotment like this on BSE website
- Investors can check the allotment status on the Stock Exchange BSE website https://www.bseindia.com/investors/appli_check.aspx.
- Select Equity and select IPO from the drop down menu.
- Enter Application Number and PAN.
- Click on ‘I am not a Robot’.
- By clicking on the search tab, you can see the status details whether the share has been allotted to you or not.
(Article : Surbhi Jain)
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