Even Pre IPO Brokers were saying avoid buying Policy bazar at this value...
As per my calculation around 41 crores Equity Shares are there in Policy Bazar... and at the valuation of $5 Billion it should be around Rs.900/- per share... so 2000+ was too much . even paytm pre ipo price is too high compared to its valuation as on date... but anything can happen.
PB Contect IPO Face value 2 Price band 940-980 Lot size 15 Issue size 60730265 shares Fresh issue 2/3 of issue size OFS 1/3 of issue size Date 1-3 November
IPO Open : November 01, 2021 IPO Close : November 3, 2021 Basis of Allotment : November 10, 2021 Initiation of Refunds: November 11, 2021 Credit of Shares : November 12, 2021 IPO Listing Date : November 13, 2021 Total Issue 6018 Cr Appx Issue Price 970 - 980 (Tentative) Lot Size 15 GMP Last Heard 130 +/- 5