PolicyBazaar’s IPO will be allotted today — here’s how you can check the status

• PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, will list on the stock exchange on November 15.
• The issue received bids for 57.24 crore equity shares against an offer size of 3.45 crore.
• According to reports, Policybazaar shares are available at a premium of ₹150 in the grey market.

The allotment status of the initial public offering (IPO) of PB Fintech — the parent company of insurance selling platform PolicyBazaar and lending platform PaisaBazaar — will be announced on November 10.

The IPO had opened for subscription on November 1 and ended on November 3. The company offered its shares at a price band of ₹940 to ₹980, and the lot size was set at 15 shares.

The company is seeking a valuation of $6.1 billion at the upper price band.

PB Fintech will use the proceeds from the upcoming IPO for marketing of PolicyBazaar and PaisaBazaar. A part of the proceeds would also be used for strategic investments and acquisition of new businesses.

The issue received bids for 57.24 crore equity shares against an offer size of 3.45 crore.

PolicyBazaar will list on November 15, 2021.

Media reports suggest that Policybazaar shares are available at a premium of ₹150 in the grey market.

Here is how to check PolicyBazaar’s IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select the IPO name.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘company name’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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