INSUBCONTINENT EXCLUSIVE:
Policybazaar IPO: The company has actually fixed the cost band of Rs 940 to Rs 980 per shareShares of Policybazaar - the nation's leading
online insurance aggregator will be listed on November 15, after its preliminary public offer (IPO) concluded on November 3
The IPO of the consumer-centric insurance coverage website was subscribed 16.59 times by the end of its bidding process
Policybazaar's Rs 5,625 crore IPO comprises a fresh problem of Rs 3,750 crore, in addition to an offer for sale (OFS) of Rs 1959.72 crore
by existing promoters and shareholders.Policybazaar plans to utilise a part of its the fresh issue proceeds, after deducting the offer
related expenditures, for improving its visibility and awareness of brand names (including however not restricted to Policybazaar and
It will utilise Rs 375 crore in brand-new opportunities to expand its customer base consisting of offline presenceOperated by PB Fintech,
the portal deals technology options concentrated on automation
It supplies option and transparency for research, to support consumers in selecting insurance and individual credit products.Here's how
you can examine the status of allocation on the website of BSE or the registrar's website-- Link Intime India
(Also Read: Policybazaar IPO Subscribed 16.59 Times On Final Day Of Issue )Steps to check the status of allocation through the BSE website:
Log in to https://www.bseindia.com/investors/appli_check.aspxSelect Policybazaar IPO from the listEnter your application numberProvide your
PAN numberVerify that you are not a robot and click 's end'Steps to inspect the status of allocation through the registrar's site (Link
Intime India): Log in to https://www.linkintime.co.in/IPO/public-issues.htmlChoose 'Policybazaar IPO' from the drop-down listSelect one of
the 3 modes-- application number, customer ID or PAN IDThen, send details of the mode you picked earlierFill Captcha and click 's ubmit'
