PB Fintech Policybazaar IPO subscription to start from November 01, Monday. The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. The IPO subscription will close on November 03, 2021, Wednesday. The company to raise ₹6017 crores via IPO at a price band of ₹940 to ₹980. The minimum bid for the IPO is 15 shares that cost ₹14,700 for l lot. The grey market is going well around ₹150 to 200 level but on the lower side with lower trades, as it was started around ₹250.
The Haryana based PB Fintech Limited is one of the well known and largest online insurance platform serving in India with brand names Policybazaar and Paisabazaar. Both platform offers the large and highly under penetrated online insurance and lending markets. The company reported ₹957 crores of revenues in 2021 against ₹856 crores in 2020. The loss was stood at ₹141.91 crores in 2021 compared to loss of ₹294.84 crores in 2020. The company has good brand value and we might see an upside in the insurance industry in coming years. Please check the Policybazaar IPO details over here.
IPOWatch View
We recommend investors to apply the IPO for long term gain. Investors should look at the QIB and HNI numbers as well as Policybazaar grey market premium movement before investing. Check the Policybazaar IPO allotment status here.
Policybazaar IPO Subscription Status (Final Data)
(Over Subscribed)
The Policybazaar IPO subscribed 16.59x on day 3. The subscription comprises Qualified Institutional Buyer (QIB) 24.89x, Non-institutional Bidders (NII) 7.82x and Retail (RII) 3.31x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.56x | 2.08x | 24.89x |
| NII | 0.06x | 0.23x | 7.82x |
| RII | 1.18x | 2.04x | 3.31x |
| Total | 0.54x | 1.59x | 16.59x |
PolicyBazaar IPO Date & Price Band
| IPO Open: | 01 November 2021 |
| IPO Close: | 03 November 2021 |
| IPO Size: | Approx ₹6017.50 Crores |
| Fresh Issue: | Approx ₹3750 Crores |
| Offer for Sale: | Approx ₹2267.50 Crores |
| Face Value: | ₹2 Per Equity Share |
| Price Band: | ₹940 to ₹980 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Discount: | N/A |
PolicyBazaar IPO Market Lot
| Minimum Lot Size: | Minimum 15 Shares |
| Minimum Amount: | ₹14,700 |
| Maximum Lot Size: | Maximum 195 Shares |
| Maximum Amount: | ₹191,100 |
PolicyBazaar IPO Date, Time Table, Allotment & Listing
| Price Band Announcement: | 26 October 2021 |
| Anchor Investors Allotment: | 29 October 2021 |
| IPO Open Date: | 01 November 2021 |
| IPO Close Date: | 03 November 2021 |
| Basis of Allotment: | 10 November 2021 |
| Refunds: | 11 November 2021 |
| Credit to Demat Account: | 12 November 2021 |
| IPO Listing Date: | 15 November 2021 |
Policybazaar IPO Subscription FAQs:
When Policybazaar IPO Subscription will start?
The IPO subscription starts on November 01, 2021 for QIB, NII, and Retail Investors.
How much Policybazaar IPO subscribed?
The IPO subscribed 16.59x times on day 3.
What is Policybazaar IPO Retail subscription status?
The RII subscription is 3.31x on day 3.
How to subscribe Policybazaar IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How to Apply the PolicyBazaar IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “PB Fintech”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the PolicyBazaar IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “PB Fintech”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
How do i check live Policybazaar IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
