Policybazaar share price: At the day's high of Rs 447.80, the scrip was down 54.3 per cent over its IPO issue price of Rs 980. It plunged to a record low of Rs 356.20 earlier this month (November 17).
PB Fintech, the parent company of Policybazaar Insurance Brokers Private Ltd, on Sunday said that the IT system of the firm was hacked on July 19 and subsequent corrective action was taken.
Policybazaar IPO: On Wednesday, qualified institutional buyers showed greater interest as the portion reserved for them was subscribed 24.89 times - the highest among the three groups of investors.
Policybazaar IPO: On Tuesday, qualified institutional buyers or QIB showed greater interest as the portion reserved for them was subscribed 2.08 times - the highest among the three groups of investors.
Policybazaar's IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders.