IPO Status: Closed [1st Nov 2021 to 3rd Nov 2021]
Policybazaar IPO of Rs. 6,017.5 Cr comprising of a fresh issue of Rs. 3,750 cr and an offer for sale of Rs. 2,267.5 Cr to hit the market soon to list on the BSE and NSE platform. The IPO opens for subscription from 1st Nov and closes on 3 November 2021.. The IPO price band is fixed at Rs. 940-980 per share and the lot size is 15 shares. Stay updated with us to know more about the Polizybazaar IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.
|IPO Issue Opening Date:||1st Nov 2021|
|IPO Issue Closing Date:||3rd Nov 2021|
|IPO Issue Price:||₹940-980|
|IPO Listing At:||BSE, NSE|
|IPO Issue Type:||Book Built Issue IPO|
|IPO Issue Size:||₹6,017.5 Cr|
|Offer for Sale:||₹2,267.5 Cr|
|Fresh Issue:||₹3,750 Cr|
|Face Value:||₹2 Per Equity Share|
|Market Lot:||15 Shares|
|Min Retail Qty:||15 shares(1 lot)|
|Max Retail Qty:||195 shares(13 lots)|
|Promoter Holding Pre IPO:||TBD|
|Promoter Holding Post IPO:||TBD|
In this section we have covered all important dates related to Policybazaar IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open||1st Nov 2021|
|IPO Issue Close||3rd Nov 2021|
|Basis of Allotment Finalisation Date*||10th Nov 2021|
|Refunds Initiation*||11th Nov 2021|
|Credit of Shares to Demat Account*||12th Nov 2021|
|IPO Listing Date*||15th Nov 2021|
* - Tentative Dates
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Policybazaar is India's largest online platform for insurance and lending products leveraging the power of technology and innovation. The online platform provides easy access to various financial products i.e. insurance, credit, and other financial products.
Its Policybazaar platform was launched in 2008 and as per Frost & Sullivan, it is India's largest insurance provider with a 93.4% market share. Later, in 2014, it has launched Paisabazaar to transform and according to Frost & Sullivan, Paisabazaar is India's largest digital consumer credit marketplace with a 51.4% market share.
|Incorporation||Sector||IPO Issue Size||Website|
The IPO aims to raise money for the following purposes;
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||19,329,621 (56.01%)||9,109,539 (26.4%)||6,073,026 (17.6%)||34,512,186||1||1st Nov 2021 17:02||0.56x||0.06x||1.18x||0.54x||2||2nd Nov 2021 17:02||2.08x||0.23x||2.04x||1.59x||3||3rd Nov 2021 17:02||24.89x||7.82x||3.31x||16.58x|
Past performance and financial results of Policybazaar.
|Policybazaar Financials (₹ in Cr)||30-Jun-2021||31-Mar-2021||31-Mar-2020||31-Mar-2019|
Policybazaar IPO DRHP >>Document
Policybazaar IPO RHP >>Document
Policybazaar IPO Allotment Status >>Link
Last Updated on 2021-11-22T09:07:08+00:00
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