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How to Check PolicyBazaar IPO Allotment Status

10 November 2021
3 minutes

The PolicyBazaar IPO is open for subscription between November 1 and November 3, 2021. The price band has been kept between Rs 940-980 per share with a minimum lot size of 15 shares.

The PolicyBazaar IPO allotment status will be finalized around November 10 (tentative).

Check Allotment Status

Here’s how you can check the allotment status:

Check Allotment Status on Groww

Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:- 

Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.

Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the PolicyBazaar IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.

Step 3: The next two screens will show a detailed view of your application status.

2. Check Allotment Status on Registrar’s Website

The registrar for this IPO is Link Intime India Private Limited.

  • The registrar for the IPO is Link Intime India Private Limited and the shares are proposed to be listed on the BSE and NSE.
  • After you land on the website’s homepage, click on public issues. You will see a drop-down that says ‘Select Company’.
  • From the drop-down menu, select ‘PolicyBazaar ’. 
  • For identification, you can give your PAN number, application number, DP/client ID, account number/IFSC code.

3. Check Allotment Status on BSE

Step 1: Investors are required to follow this link to check their IPO allotment status on BSE: https://www.bseindia.com/investors/appli_check.aspx.

Step 2: You will then have to select the ‘Equity’ option and then from the dropdown, select issue name – ‘PolicyBazaar’.

Step 3: You will have to enter your application number and PAN card number next.

Step 4: After completing all the above-mentioned steps click on the “Search” button.

FAQs on PolicyBazaar IPO Allotment

  • What happens to the IPO amount in my bank account?

After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use. 

  • How are the PolicyBazaar shares being allotted?

If PolicyBazaar IPO is oversubscribed. The shares will be distributed proportionately among investors  so each investors receives minimum of one lot. This is done on a lottery basis, so there is no guarantee for receipt of shares. It is possible that few investors do not get any shares at all, in case of oversubscription.

  • Will my money come back if I don’t get PolicyBazaar IPO allotment?

If you don’t get the allotment in the PolicyBazaar IPO, the amount will be unblocked, and you will be able to use the amount in your bank account. 

  • When will PolicyBazaar IPO get listed?

PolicyBazaar IPO shares will get listed on BSE and NSE on November 15, 2021. (tentative)

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