November 1, 2021 - November 3, 2021

PolicyBazaar IPO Subscription Details

PolicyBazaar IPO Subscription Status Live

PolicyBazaar IPO subscribed 16.59 times. The public issue subscribed 3.31 times in the retail category, 24.89 times in QIB, and 7.82 times in the NII category by November 3, 2021 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	24.89	19,329,621	48,10,22,745	47,140.23
Non-Institutional Buyers	7.82	9,109,539	7,12,43,700	6,981.88
Retail Investors	3.31	6,073,026	2,01,17,655	1,971.53
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	16.59	34,512,186	57,23,84,100	56,093.64

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

PolicyBazaar IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 November 1, 2021	0.56	0.06	1.18	0.54
Day 2 November 2, 2021	2.08	0.23	2.04	1.59
Day 3 November 3, 2021	24.89	7.82	3.31	16.59

PolicyBazaar IPO Shares Offered

PolicyBazaar IPO is a public issue of 34,512,186 equity shares. The issue offers 6,073,026 shares to retail investors, 19,329,621 shares to qualified institutional buyers, and 9,109,539 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
QIB	19,329,621	1,894.30	56.01%
NII	9,109,539	892.73	26.40%
Retail	6,073,026	595.16	17.60%
Total	34,512,186	3,382.19	100%

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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PolicyBazaar IPO Subscription FAQs

The PolicyBazaar IPO is subscribed 16.59 by November 3, 2021.