Policybazaar IPO subscribed 9.4 times

The INR 5,650 crore IPO of PB Fintech, the parent company of fintech services firms Policybazaar and Paisabazaar, was subscribed 9.4 times receiving applications for 57,23,80,380 shares (against 3,45,12,186 shares on offer). The company finalised allocation of 2.62 crore equity shares from 155 anchor investors raising INR 2,569.37 crore at the higher end of the INR 940-980 price band.