Policy Bazaar IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Policy bazaar IPO GMP Today, Policybazaar IPO Grey Market Premium Updates | Policy bazaar IPO Listing Gain, Latest target, Opening gain

Policybazaar IPO date fixed, the initial public offer (IPO) to hit the market on November 01, 2021. Policy bazar IPO to raise ₹6017 crores via IPO that comprises fresh issue of ₹3750 crore and offer for sale of ₹2267.50 crore. The retail quota is 10% with QIB 75% and HNI 15%.

PB Fintech is India’s leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.

In 2008, PB Fintech launched Policybazaar aimed at catering to consumers who need more information, choice, and transparency in insurance policies. Policybazaar is an online platform for consumers and insurer partners to buy and sell insurance products.

51 insurer partners offered over 340 term, health, motor, home, and travel insurance products on the policy bazaar platform, as of March 2021. Policybazaar offers its users with

  • pre-purchase research,
  • purchase, including application, inspection, medical check-up, and payment; and
  • post-purchase policy management, including claims facilitation, renewals, cancellations, and refunds.

Check out Policy bazaar IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Policy bazaar IPO Details:

Issuer PB Fintech
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Nov 1, 2021
Issue Closes: NOV 3, 2021
Price Brand ₹940 to ₹980 Per Share
Issue Size ₹6017.50 Cr
Face Value Rs.2 per Equity Share
Market Lot 15 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 75% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 10% of the issue size
Fresh Issue ₹ 3750 Cr
Offer for Sale ₹ 2267.50 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 58262449 Shares
Grey Market Price Policy bazaar IPO GMP Today

Policy bazaar IPO Review

Policy bazaar IPO GMP Rates day by day

Policy bazaar IPO Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST ₹13
14 NOV 2021
13 NOV 2021 ₹100
12 NOV 2021 ₹47
11 NOV 2021 ₹50
10 NOV 2021 ₹90 ₹350 ₹1300
09 NOV 2021 ₹90 ₹350 ₹1300
08 NOV 2021 ₹72 ₹350 ₹1300
07 NOV 2021 ₹70
06 NOV 2021 ₹75 ₹350 ₹1300
05 NOV 2021 ₹100
04 NOV 2021 ₹100
03 NOV 2021 ₹120
02 NOV 2021 ₹90 ₹300 ₹1200
01 NOV 2021 ₹160 ₹350 ₹3000
31 OCT 2021 ₹150
30 OCT 2021 ₹175 ₹300 ₹1500
29 OCT 2021 ₹150 ₹350 ₹1600
28 OCT 2021 ₹175 ₹325 ₹1800
27 OCT 2021 ₹150
26 OCT 2021 ₹120
25 OCT 2021
24 OCT 2021

Policy bazaar IPO Market Lot:

 Lot Size:  Minimum 15 Shares & Maximum 195 Shares
 Minimum Amount:  ₹14700
 Maximum Amount: ₹191100

Policy bazaar IPO Allotment & Listing:

 Basis of Allotment: Nov 10, 2021
 Refunds: Nov 11, 2021
 Credit to Demat Account: Nov 12, 2021
 Listing Date: Nov 15, 2021

How to Apply for Policy bazaar IPO?

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How to Apply the Policy bazaar IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Policy bazaar”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Policy bazaar IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Policy bazaar”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:- Policy bazaar IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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