Status
Listed
Price band
₹940–₹980
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
15 shares
Minimum money
₹14,700 for 1 lot
Issue size
₹5,709.71 crore
Dates
1 Nov 2021 – 3 Nov 2021
Official links
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
PB Fintech Ltd. (Policybazaar) IPO is listed. It opens on 1 Nov 2021 and closes on 3 Nov 2021. The price band is ₹940 to ₹980. One lot is 15 shares, and the minimum amount is ₹14,700. The issue size is ₹5,709.71 crore, with a fresh issue of ₹3,750 crore and an offer for sale of ₹1,959.71 crore.
The total subscription for PB Fintech Ltd. (Policybazaar) is 17.86 times.
PB Fintech Ltd. (Policybazaar) listed at ₹1,150.
PB Fintech runs Policybazaar, an online insurance marketplace, and Paisabazaar, a credit comparison platform. It lets users compare and buy insurance and loans online.
Dates
Opens
1 Nov 2021
Closes
3 Nov 2021
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
10 Nov 2021
Refunds
11 Nov 2021
Demat credit
12 Nov 2021
Listing
15 Nov 2021
Objects of the issue
- Enhancing visibility and awareness of our brands, including but not limited to “Policybazaar” and “Paisabazaar”
- New opportunities to expand growth initiatives to increase our Consumer base including offline presence
- Funding Strategic investments and acquisitions
- Expanding our presence outside India
- General corporate purposes
Subscription
Subscribed 17.86x overall. Final, as of 3 Nov 5 pm IST.
Total
17.86x
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹3,750 crore |
| Offer for sale | ₹1,959.71 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 10% |
| Large bids | 15% |
| Big funds | 75% |
Issue
- Face value
- ₹2
- Fresh issue
- ₹3,750 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹1,959.71 crore
- Exchanges
- BSE, NSE
- Registrar
- MUFG Intime India Pvt. Ltd.
Reservation
- Retail
- 10%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 75%
Listing
- Listing price
- ₹1,150
- Close on listing day
- ₹1,202.3
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- 17.35% versus ₹980
Frequently asked questions
When does this issue open?
It opens on 1 Nov 2021 and closes on 3 Nov 2021.
What is the lot size and the minimum amount?
One lot is 15 shares. The minimum amount is ₹14,700 for 1 lot.
When are allotment and listing?
Allotment is on 10 Nov 2021. Listing is on 15 Nov 2021.
What is the price band?
The price band is ₹940 to ₹980.
What is the issue size?
The issue size is ₹5,709.71 crore.
How many times was it subscribed?
The total subscription is 17.86 times, checked 3 Nov 2021, 5:00 pm IST.
What was the listing gain?
The listing gain against the top of the price band is 17.35%.
This page is a calendar of dates and prices. It is not a recommendation to apply.