Policybazaar IPO allotment status: Here is how to check online on BSE
Policybazaar IPO: Here is all you need to know about Policybazaar/PB Fintech Allotment Date, Status Check Online on BSE, Listing Date and more
Policybazaar IPO: The initial public offer of PB Fintech Limited, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, was subscribed 16.59 times on the last day of subscription. The issue received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data.
Here is all you need to know about Policybazaar/PB Fintech Allotment Date, Status Check Online on BSE, Listing Date and more
Policybazaar/PB Fintech IPO Allotment Date: Allotment finalisation may take place on 10th November
Status Check Online on BSE:-
Here is how you can check Policybazaar/PB Fintech IPO allotment status online directly through BSE link - check step by step guide:-
Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx
Step 2- Select Policybazaar/PB Fintech
Step 3- Enter your Policybazaar IPO application number
Step 4- Enter your PAN card details
Step 5 - Click at 'I'm not a robot'
Step 6 - Click at 'Submit' button
You will get to know the Policybazaar IPO allotment status of your application
Policybazaar IPO IPO Listing Date: Expected to take place on 15th Nov
Policybazaar IPO
-The category for Qualified Institutional Buyers (QIBs) was subscribed 24.89 times and that of non institutional investors 7.82 times and Retail Individual Investors (RIIs) 3.31 times.
-Price range for the offer was at Rs 940-980 per share.
-The Rs 5,710-crore IPO had a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale of about Rs 1,960 crore by existing shareholders.
-PB Fintech garnered a little over Rs 2,569 crore from anchor investors.
-Proceeds generated from the fresh issue will be used towards enhancing visibility and awareness of the company's brands, to look for new opportunities to expand growth initiatives to increase the consumer base including offline presence.
-Also, the proceeds from the IPO will be used for funding strategic investments and acquisitions, expanding presence outside India and general corporate purpose.
- Citigroup Global Markets India, Kotak Mahindra Capital Company, Morgan Stanley India Company, ICICI Securities, HDFC Bank, IIFL Securities and Jefferies India were the book running lead managers to the offer.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Liquor stock under Rs 300: Can this smallcap scrip double your money in 1-2 years? Check targets by Anil Singhvi
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
07:28 PM IST