The details about the Policybazaar IPO is as:
- The issue size of the IPO is 5708.64 Cr.
- The price band ranges from Rs 940 to Rs 980.
- The shares of Policybazar will list on 15th November 2021.
- The latest tentative GMP of Policybazaar IPO is Rs 140.
- Policybazar IPO is subscribed 16.59 times as of 3rd November.
Policybazaar IPO Valuation
The approx valuation of PB fintech IPO, commonly known as Policybazaar, based on its price band and DRHP/RHP is:
| Particulars |
Value |
| Upper Price Band |
Rs 980 |
| Existing Shares (Qty) |
41.12 Cr |
| Fresh Issue (Amount) |
3750 Cr |
| Market Cap |
44,047.6 Cr |
| EPS (FY21) |
Rs -4.11 |
| Industry PE |
No peers |
Policybazaar IPO Issue Size
PB fintech IPO or Policybazaar IPO issue size is 5708.64 Cr.
| Issue |
Amount |
| Fresh Issue |
3750 Cr |
| Offer For Sale |
1958.64 Cr |
Policybazaar IPO Market Lot
An Individual can apply for a minimum 1 lot of 15 shares and a maximum of 13 lots of 195 shares. Find the details below:
| Application |
Lot |
Shares |
Amount |
| Minimum |
1 |
15 |
Rs 14,700 |
| Maximum |
13 |
195 |
Rs 1,91,100 |
Policybazaar IPO Share Offer
Policybazaar IPO is subscribed 16.59 times as of 3rd November. It is Oversubscribed as of now. The category-wise subscription is as follows:
| Category |
% Offered |
Subscription |
| Qualified Institutional |
Minimum 75% |
24.89 Times |
| Non-Institutional |
Maximum 15% |
7.82 Times |
| Retail Individual |
Maximum 10% |
3.31 Times |
| Total |
|
16.59 Times |
Policybazaar IPO Grey Market Premium
| As on |
GMP (Tentative) |
| 10 November 2021 |
Rs 80 |
| 11 November 2021 |
Rs 70 |
| 12 November 2021 |
Rs 60 |
| 13 November 2021 |
Rs 60 |
| 14 November 2021 |
Rs 140 |
It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.
Find below the dates for Policybazaar IPO:
| Schedule |
Date |
| Basis of Allotment |
10 November 2021 |
| Refunds |
11 November 2021 |
| Credit to Demat Account |
12 November 2021 |
| IPO Listing Date |
15 November 2021 |
Check allotment status