PolicyBazaar IPO Subscription Status

PolicyBazaar IPO Subscription Status

PolicyBazaar IPO subscription to start from Nov 01 to Nov 03, 2021. The Rs 5,710-crore IPO comprises a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale of about Rs 1,960 crore by existing shareholders. The price range for the offer has been fixed at Rs 940 – Rs. 980 per share.

PolicyBazaar IPO Subscription Status

DayDateQIBNIIRetailTotal
Day 101-Nov-2021 17:000.56x0.06x1.18x0.54x
Day 202-Nov-2021 17:002.08x0.23x2.04x1.59x
Day 303-Nov-2021 17:0024.89x7.82x3.31x16.59x

About PolicyBazaar

PB Fintech is India’s largest online platform for insurance and lending products leveraging the power of technology, data, and innovation, according to Frost & Sullivan. PB Fintech provides convenient access to insurance, credit, and other financial products and aim to create awareness amongst Indian households about the financial impact of death, disease, and damage. Through the consumer-centric approach, PB Fintech seeks to enable online research-based purchases of insurance and lending products and increase transparency, which enables consumers to make informed choices.

PB Fintech also facilitates the Insurer and Lending Partners in the financial services industry to innovate and design customized products for Consumers leveraging the extensive data insights and data analytics capabilities.

PB Fintech launched Policybazaar, the flagship platform, in 2008 to respond to Consumers’ need for more awareness, choice, and transparency and create a consumer-pull-based, provider-neutral model for insurance distribution.

In Fiscal 2020, Policybazaar was India’s largest digital insurance marketplace among all online insurance distributors with a 93.4% market share based on the number of policies sold. For this purpose, a number of policies sold by all online insurance distribution platforms as per IRDAI have been used to derive the market share. Furthermore, in Fiscal 2020, Policybazaar constituted 65.3% of all digital insurance sales in India by a number of policies sold (including online sales done directly by insurance companies and by insurance distributors). For this purpose, the number of policies sold online directly by insurance companies and by insurance distributors has been estimated to derive the market share.

PolicyBazaar IPO Price – Details

DetailsPOLICYBZR IPO Details
Public IssueInitial Public Offer of up to [.] Equity Shares of ₹ 2 comprising a Fresh Issue of up to [.] equity shares aggregating up to Rs. 37,500 million and an Offer for Sale of up to [.] equity shares aggregating up to [.]
Issue Open  Date01-Nov-21
Issue Close Date03-Nov-21
Issue TypeBook Building
IPO Price Band₹ 940 – ₹ 980
Face Value ₹ 2
Market Lot 15 Equity Shares and in multiples thereof
Minimum Order Quantity 15 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolPOLICYBZR
IPO Market Timings 10.00 a.m. to 5.00 p.m.

PolicyBazaar IPO Subscription Status – FAQs

How much PolicyBazaar IPO subscribed on Day 1?

The PolicyBazaar IPO subscribed [.] times on day 1

How much PolicyBazaar IPO subscribed on Day 2?

The PolicyBazaar IPO subscribed [.] times on day 2

How much PolicyBazaar IPO subscribed on Day 3?

The PolicyBazaar IPO subscribed [.] times on day 3

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