HomeBusinessPolicybazaar IPO GMP Today, Allotment, Lot Size, Share Price

Policybazaar IPO GMP Today, Allotment, Lot Size, Share Price

Policybazaar IPO GMP Today, Allotment, Lot Size, Share Price will be discussed here. On Monday, the initial public offering (IPO) of PB Fintech Ltd, which owns the online insurance platform Policybazaar and credit comparison web Paisabazaar, will be available for subscription. For its Rs 5,710-crore IPO, the business has set a price range of Rs 940-980 per share.

Policybazaar IPO GMP Today

On November 3rd, the subscription period will come to an end. Investors may place bids for as little as 15 equity shares and as many as 15 equity shares after that. Policybazaar’s initial public offering (IPO) would cost Rs 14,700 per lot (15 shares).

It consists of the new issuance of equity shares worth Rs 3,750 crore and an offer for sale by existing shareholders for Rs 1,960 crore. SVF Python II (Cayman) will sell shares worth Rs 1,875 crore, Yashish Dahiya will sell shares worth Rs 30 crore, Alok Bansal will sell shares worth Rs 12.75 crore, Shikha Dahiya will sell shares worth Rs 12.25 crore, and Rajendra Singh Kuhar will sell shares worth Rs 3.5 crore as part of the offer for sale (OFS).

Policybazaar Share Price Today

In addition, Founder United Trust would sell about 2,67,500 shares, valued at Rs 26.21 crore at the upper band price. Customers may explore and pick insurance and personal credit solutions with a broad range of options and transparency. Superior data analytics and client service are aided by proprietary technology.

Collaboration with several firms to provide insurance and loan solutions. The Policybazaar and Paisabazaar platforms have strong network effects. Renewal rates are high. The model is capital efficient and has minimal running expenses. Founders and management with a lot of experience.

Policybazaar IPO GMP Today
Policybazaar IPO GMP Today

Policybazaar Allotment Today

The net proceeds from the first public offering will be used for the following purposes:

Increasing the exposure and awareness of the company’s brands, such as “Policybazaar” and “Paisabazaar” – Rs.15,000 million. New consumer potential, including offline presence – Rs.3,750 million. 6,000 million rupees for strategic investments and acquisitions. Rs.3,750 million for expanding footprint outside of India. For general business objectives.

IPO Lot Size at PolicyBazaar

The IPO market lot size for PolicyBazaar is 15 shares. An individual retail investor may apply for up to 13 lots (195 shares or $191,100) in a single transaction.

Policybazaar Share Price Today

Date of IPO, Allotment, and Listing for PolicyBazaar – The IPO date for PolicyBazaar is November 1, 2021, and the IPO closure date is November 3, 2021. The IPO may list on November 15, 2021, with an allotted date of November 10, 2021.

Disclaimer

The mention of IPO Grey Market Premium (Policybazaar IPO GMP) is only applicable for the date specified in the header.

On the IPO Grey Market, we do not purchase or sell IPO forms.

The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to someone else before the issue is allotted or listed.

Do not subscribe to an IPO based only on the premium price since it may alter at any moment before the listing. Only evaluate the fundamentals of the company while subscribing.

Policybazaar Lot Size

The flagship products of PB Fintech are:-Policy Bazaar (100 percent subsidiary) primarily responds to customer demand for more insurance product knowledge, choice, and transparency via online sales. As a result, it has grown to become India’s biggest digital insurance marketplace, with a market share of 93.4 percent (based on the number of policies sold); as of FY20, it accounted for 65.3 percent of India’s digital insurance sales by volume. It has collaborated with 51 insurers and has 48 million customers on its platform.

b) Paisabazaar (a 100 percent subsidiary) is the most significant digital consumer credit marketplace, accounting for 51.4 percent of disbursements. It launched in FY14 to revolutionize personal credit access by making it more accessible, convenient, and transparent to choose from a selection of consumer credit solutions. It is frequently used to get credit ratings, with 21.5 million users as of March of this year. It has worked with 54 lenders, including banks, NBFCs, and fintech, to provide various consumer credit products, including personal loans, business loans, credit cards, house loans, and LAP.

PB IMP GMP Today

The following are the objectives of the PB Fintech Limited IPO (Policy Bazaar IPO):

The Offer consists of a Fresh Issue of up to [] Equity Shares by the Company, aggregating up to 37,500 million, and an Offer for Sale of up to [] Equity Shares by the Selling Shareholders to 22,675 million.

The Newest Problem

The money will be put to good use by the firm.

1. Increasing the exposure and awareness of our brands, such as “Policybazaar” and “Paisabazaar,” among others.

2. New ways to increase our customer base, including our physical presence

3. Strategic purchases and investments

4. Extending our reach outside India

5. Corporate objectives in general

Policybazaar IPO GMP Today, Allotment, Lot Size, Share Price
Anurag Reddy
I'm a 29-year-old travel enthusiast, travel and nature photographer, Computer Science graduate, and Mass Communication student. I have seen different shades of life through traveling and lived different lives through reading. With every word I write, I travel within, and I understand myself better. Writing helps me discover myself, and that paved roads for me to choose writing as a profession.
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