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How to Check Latest GMP & Online Allotment Status

Nov 09, 2021


Public issue valued at ₹5,625 crore after being subscribed 16.59 times The share allotment is expected to be announced tomorrow i.e. on 10th November 2021. Hence, those who have bid for the Initial Public Offering (IPO) are eagerly waiting for the Policybazaar IPO share allotment process to begin. According to market observers, the gray market is also indicating the policy market ahead of the IPO allotment date as the policy market shares are available at a premium. ₹92 in gray market today. He advised the bidders to check the Policybazaar IPO allotment status online either on the BSE website or at the official Registrar of Public Issues. The official registrar of Policybazaar IPO is Link Intime India Pvt Ltd.

According to market observers, PolicyBazaar IPO Gray Market Premium (GMP) today is ₹92, which is ₹2 more than yesterdays GMP of ₹90. However, he added that the current gray market premium is well below its last weeks GMP of ₹160. When asked what is the meaning of this Policybazaar IPO GMP, he said that this GMP simply means that the gray market Policybazaar is expecting share listing. ₹1072 ( ₹980 + ₹92), which is about 10 percent more than its price band from ₹940 to ₹980.

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