Thursday, November 4, 2021

Policybazaar IPO | Latest GMP | Share Allotment | Listing date


Policybazaar IPO had a fresh issue of ₹3,750 crore worth of equity shares and an OFS of about ₹1,960 crore by existing shareholders

The initial public offer (IPO) 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 on Wednesday. The Price range for the offer was at ₹940-980 per share.

The issue received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. 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.

Policybazaar IPO grey market premium (GMP) has slipped to ₹88 in the grey market today. The shares of the company are expected to list on leading stock exchanges NSE and BSE on November 15, 2021.

The finalization of the basis of share allotment is likely to take place next week on Wednesday, November 10, 2021, and the equity shares are expected to be credited on bidders who got the allotment, on Friday, November 12. 

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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