New Delhi: PB Fintech Ltd., which owns the portals Policybazaar India And PaisabazaarLtd., whose initial public offering ended on Wednesday, will begin allotment of shares from November 10.

According to NSE data, bids were received for 57,23,84,100 shares against 3,45,12,186 shares for the issue.

Qualified Institutional Buyers (QIBs) category was subscribed 24.89 times, non-institutional investors category 7.82 times and retail individual investors (RIIs) 3.31 times.

The offer price range was Rs 940-980 per share.

Rs 5,710 crore IPO It had fresh issue of equity shares worth Rs 3,750 crore and offer for sale by existing shareholders for about Rs 1,960 crore.

Proceeds from the new issue will be used to increase visibility and awareness of the company’s brands, to explore new opportunities to expand growth initiatives to grow the consumer base, including offline presence. In addition, the proceeds from the IPO will be used to finance strategic investments and acquisitions, expand presence outside India and for general corporate purpose.

Investors who had bid for the issue can check the allotment status on the Bombay Stock Exchange (BSE) website:

1. meeting https://www.bseindia.com/investors/appli_check.aspx
2. Under Issue Type, click on Equity
3. Under the issue name, select PB Fintech Ltd in Dropbox
4. write application number
5. add pan card id
6. Click on ‘I am not a robot’ and click on submit.

You can also check the allotment status on the online portal of Link Intime India Pvt Ltd.
https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar of the issue. The Registrar is a SEBI-registered entity, qualified to function as such and which processes all applications electronically, and processes allotments as per the prospectus.

The Registrar is responsible for adhering to the timelines for updating electronic credit of shares to successful applicants, uploading remittances, and refunds, and for attending to all investor-related queries after issue is completed.

1. Visit the Link Intime India Private Limited web portal
2. Select IPO in Dropbox whose name will be populated only on finalization of allotment
3. You may need to select one of three methods: Application Number, Client ID or PAN ID
4. In Application Type, choose between ASBA and Non-ASBA
5. Phase 2 . Enter the details of the mode you have selected in
6. For security purposes, fill the captcha correctly
7. Press submit.

The bidders who did not get allotment in the IPO can see the commencement of refunds on November 11. Others, to whom the shares will be allotted, can view the credit of the shares in the demat account till November 12. The listing of the IPO is likely to happen on November 15. ,