New Delhi: PB Fintech Limited, the mum or dad firm of on-line insurance coverage aggregator PolicyBazaar and credit score comparability portal Paisabazaar, opened its preliminary public supply (IPO) for subscriptions on November 1 for 3 days until November 3. Investors who had subscribed to the supply have to be keen to examine PolicyBazaar IPO allotment standing.
The IPO was general subscribed 16.59 occasions on the final day of subscription on Wednesday, November 3. National Stock Exchange information factors out that the difficulty obtained bids for 57,23,84,100 shares in opposition to 3,45,12,186 shares on supply.
The share allotment course of is anticipated to be accomplished by subsequent week and traders will have the ability to examine PolicyBazaar IPO standing ranging from November 10, 2021. Retail traders are anticipated to obtain the fairness shares of their Demat accounts on Friday, November 12.
Steps to examine PolicyBazaar IPO allotment standing:
Step 1: Visit the official web site of the official registrar for the IPO, which is Link Intime India Private Limited on this case.
Step 2: Select PB Fintech Limited from the dropdown menu.
Step 3: Enter your PAN Card and different particulars.
Step 4: Click on the examine standing possibility.
Using the above-mentioned steps, traders will have the ability to examine the allotment standing for PolicyBazaar. Moreover, they’ll additionally go to the official BSE web site to examine the place of their bids. Also Read: THIS Post Office scheme will make you a millionaire; right here’s how
PolicyBazaar plans to make use of the funds from the recent situation to boost visibility and consciousness of the corporate’s manufacturers. The firm will even make investments the funds to search for new alternatives to increase development initiatives to extend the patron base together with offline presence. Also Read: IT Dept conducts searches in J&Ok, Punjab, finds Rs 200 crore unaccounted earnings of dry fruit merchants