Policybazaar IPO: The issue of PB Fintech, which runs websites like Policy Bazaar and Paisa Bazaar, opened on November 1 and closed on November 3. The company’s issue was subscribed 16.59 times. 57,23,84,100 were bid for 3,45,12,186 shares of the company.
Qualified institutional investors, who hold 75 per cent of the issue reserve, have bid 24.89 times the reserved share. Non-institutional investors have bought shares at 7.82 times their total reserved portion. The response from retail investors to the offer was also strong, as their reserve portion was subscribed 3.31 times.
The allotment of shares of PB Fintech is scheduled to take place on November 10. The demat account of those who will get the shares of PB Fintech will start seeing the shares on November 12. Those who do not get these shares, their money will be returned to the accounts by November 11.
Know what is going on GMP?
The Gray Market Premium (GMP) of Policybazaar’s IPO is running at Rs 80 today. The company’s issue price band is Rs 940-980. Accordingly, the unlisted share of Policybazaar is trading at Rs 1060 (980 + 80) in the gray market.
How to check allotment status
The registrar of PB Fintech’s IPO is Link Intime India Private Limited. If you have also invested money in its IPO, then allotment can be checked like this.
How to check through BSE
First of all click on https://www.bseindia.com/investors/appli_check.aspx.
After clicking on this link a page of Status of Issue Application will open. Select Equity option on it.
Select the name of the company for which you want to check the allotment of IPO.
After that enter your application number.
Below this you have to enter the details of your PAN.
After this, verify you by clicking on the box of I am not a robot.
After this press the search button and the status will be in front of you.
If you want to check allotment through registrar company linkintime then you can check like this
First of all click on this link.
https://linkintime.co.in/MIPO/Ipoallotment.html
After this, select the name of the IPO in Dropbox whose allotment status is to be checked.
Below this, you can check the status by giving any one of these three information-
application number
client id
PAN
After that select the type of your application. That is, choose between ASBA or Non-ASBA.
According to the mode you will select, you will have to give information below it.
After that fill the captcha and submit.
Allotment status will open in front of you.
PolicyBazaar IPO opened on November 1 with an aim to raise Rs 5,700 crore, of which Rs 2,569 crore was already raised on October 29 through anchor book. The price band of PolicyBazaar’s IPO was fixed at Rs 940-980. One lot of the issue of the company was of 15 shares.
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