PolicyBazaar IPO: Check Latest GMP, Know How To Check Allotment Status Online

Bidders can check PolicyBazaar IPO allotment status online either at the BSE website or at the official registrar of the public issue

Know how to check PolicyBazaar IPO status online

New Delhi: After the initial public offer of PB Fintech Limited, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, was subscribed 16.59 times on the last day of subscription, it is expected to announce share allotment on Wednesday.

Those who have bid for the Rs 5,625 crore IPO are now waiting for the PolicyBazaar IPO share allotment process. As per the market experts, PolicyBazaar shares are available at a premium of Rs 92 in the grey market on Tuesday, according to publication Mint.

Bidders can check PolicyBazaar IPO allotment status online either at the BSE website or at the official registrar of the public issue. The official registrar of PolicyBazaar IPO is Link Intime India Private Ltd.

According to the report, GMP is Rs 2 higher than Monday's GMP of Rs90. The current GMP implies that grey market is expecting PolicyBazaar share listing at around Rs1072 ( Rs980 + Rs92), which is around 10 per cent higher from its price band of Rs940 to Rs980.

How to check PolicyBazaar IPO share allotment status

One directly login at the BSE website — bseindia.com/investors/appli_check.aspx or visit direct Link Intime web link — linkintime.co.in/MIPO/Ipoallotment.html and check one's application status online.

Here’s how to check PolicyBazaar IPO share allotment status online at BSE

• Firstly, login at the BSE link — bseindia.com/investors/appli_check.aspx;
• Then select PolicyBazaar IPO
• Next, you enter PolicyBazaar IPO application number;
• Type in your PAN details;
• Then click at 'I'm not a robot'; and
•  Click on the 'Submit' button.

Investors can see the PolicyBazaar IPO allotment status on the computer or smartphone screen. Proceeds of the fresh issue will be used towards enhancing visibility and awareness of the company's brands, to look for new opportunities to expand growth initiatives to increase the consumer base