Policybazaar IPO GMP Today, Allotment, Lot Size, Share Price will be bandied then. On Monday, the original public immolation (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-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 flings for as little as 15 equity shares and as numerous as 15 equity shares after that. Policybazaar’s original public immolation (IPO) would bring Rs per lot (15 shares).
It consists of the new allocation of equity shares worth Rs crore and an offer for trade by being shareholders for Rs crore. SVF Python II (Cayman) will vend shares worth Rs crore, Yashish Dahiya will vend shares worth Rs 30 crore, Alok Bansal will vend shares worth Rs12.75 crore, Shikha Dahiya will vend shares worth Rs12.25 crore, and Rajendra Singh Kuhar will vend shares worth Rs3.5 crore as part of the offer for trade (OFS).
In addition, Author United Trust would vend about shares, valued at Rs26.21 crore at the upper band price. Guests may explore and pick insurance and particular credit results with a broad range of options and translucency. Superior data analytics and customer service are backed by personal technology Collaboration with several enterprises to give insurance and loan results. The Policybazaar and Paisabazaar platforms have strong network goods. Renewal rates are high. The model is capital effective and has minimum handling charges. Authors and operation with a lot of experience.
Policybazaar Allotment Today
The net proceeds from the first public immolation will be used for the following purposes Adding the exposure and mindfulness of the company’s brands, similar as “ Policybazaar” and “ Paisabazaar” –Rs. million. New consumer eventuality, including offline presence –Rs. million. million rupees for strategic investments and accessions.Rs. million for expanding footmark outside of India. For general business objects.
IPO Lot Size at PolicyBazaar
The IPO request lot size for PolicyBazaar is 15 shares. An individual retail investor may apply for over to 13 lots (195 shares or$) in a single sale.
Date of IPO, Allotment, and Listing for PolicyBazaar – The IPO date for PolicyBazaar is November 1, 2021, and the IPO check date is November 3, 2021. The IPO may list on November 15, 2021, with an distributed date of November 10, 2021.
