Issue size, price band and more

The issue size of PolicyBazaar’s IPO is ₹5,709 crore consisting of a fresh issue of ₹3,759 crore and an offer for sale (OFS) of ₹1,959 crore by its existing shareholders.

The company will offer shares within a price band of ₹940-₹980 pre share, with a lot size of 15 shares. The allotment will be announced November 10 and the IPO will be listed on November 15.