PB Fintech IPO – PolicyBazaar IPO Details

PolicyBazaar IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About PolicyBazaar

PB Fintech is India’s largest online platform for insurance and lending products leveraging the power of technology, data, and innovation, according to Frost & Sullivan. PB Fintech provides convenient access to insurance, credit, and other financial products and aim to create awareness amongst Indian households about the financial impact of death, disease, and damage. Through the consumer-centric approach, PB Fintech seeks to enable online research-based purchases of insurance and lending products and increase transparency, which enables consumers to make informed choices.

PB Fintech also facilitates the Insurer and Lending Partners in the financial services industry to innovate and design customized products for Consumers leveraging the extensive data insights and data analytics capabilities.

PB Fintech launched Policybazaar, the flagship platform, in 2008 to respond to Consumers’ need for more awareness, choice, and transparency and create a consumer-pull-based, provider-neutral model for insurance distribution.

In Fiscal 2020, Policybazaar was India’s largest digital insurance marketplace among all online insurance distributors with a 93.4% market share based on the number of policies sold. For this purpose, a number of policies sold by all online insurance distribution platforms as per IRDAI have been used to derive the market share. Furthermore, in Fiscal 2020, Policybazaar constituted 65.3% of all digital insurance sales in India by a number of policies sold (including online sales done directly by insurance companies and by insurance distributors). For this purpose, the number of policies sold online directly by insurance companies and by insurance distributors has been estimated to derive the market share.

In 2014, PB Fintech launched Paisabazaar with the goal to transform how Indians access personal credit by accentuating ease, convenience, and transparency in selecting a variety of personal loans and credit cards. According to Frost & Sullivan, Paisabazaar was India’s largest digital consumer credit marketplace with a 53.7% market share, based on disbursals in Fiscal 2021. Paisabazaar is also widely used to access credit scores, with approximately 22.5 million Consumers cumulatively having accessed their credit score through our platform as of June 30, 2021.

Policybazaar and Paisabazaar platform offerings address the large and highly underpenetrated online insurance and lending markets.

Important Details – PolicyBazaar

June 4, 2008The company was incorporated as ‘ETECHACES Marketing and Consulting Private Limited’, a private limited company in National Capital Territory of Delhi and Haryana, at New Delhi.
September 18, 2020The name of the company was changed to ‘PB Fintech Private Limited’
June 19, 2021Upon the conversion of the company to a public limited company, the name of the company changed to ‘PB Fintech Limited’

Objects of the Issue

  • Enhancing visibility and awareness of our brands, including but not limited to “Policybazaar” and “Paisabazaar”;
  • New opportunities to expand our Consumer base including our offline presence;
  • Strategic investments and acquisitions;
  • Expanding our presence outside India; and
  • General corporate purposes

PolicyBazaar Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 23,307.26 15,759.99 7,514.48
Total income 9,574.13 8,555.63 5,288.07
Total Expenses 10,993.27 11,504.04 8,662.37
Profit After Tax ( 1,502.42) (3,040.29) (3,468.11)

PolicyBazaar IPO Price – Details

DetailsPOLICYBZR IPO Details
Public IssueInitial Public Offer of up to [.] Equity Shares of ₹ 2 comprising a Fresh Issue of up to [.] equity shares aggregating up to Rs. 37,500 million and an Offer for Sale of up to [.] equity shares aggregating up to [.]
Issue Open  Date01-Nov-21
Issue Close Date03-Nov-21
Issue TypeBook Building
IPO Price Band₹ 940 – ₹ 980
Face Value ₹ 2
Market Lot 15 Equity Shares and in multiples thereof
Minimum Order Quantity 15 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
IPO Market Timings 10.00 a.m. to 5.00 p.m.

PolicyBazaar IPO DRHP & RHP

PolicyBazaar IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum115 ₹ 14,700
Maximum13195 ₹ 1,91,100

PolicyBazaar IPO Lead Managers

  • Kotak Mahindra Capital Company Limited
  • Morgan Stanley India Company Private Limited
  • Citigroup Global Markets India Private Limited
  • ICICI Securities Limited
  • HDFC Bank Limited
  • IIFL Securities Limited
  • Jefferies India Private Limited

PolicyBazaar IPO Registrar

Company Registered and Corporate Office

Plot No. 119,
Sector 44 Gurgaon,
Haryana 122 001, India
Website: www.pbfintech.in

PolicyBazaar IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on01-Nov-21
Bid / Offer Closes on03-Nov-21
Finalisation of Basis of Allotment10-Nov-21
Initiation of refunds 11-Nov-21
Credit of the Equity Shares12-Nov-21
Listing Date15-Nov-21

Company Peers – Comparison of Accounting Ratios

There are no listed companies in India that engage in a business similar to that of the company. Accordingly, it is not possible to provide a comparison with listed industry peers in relation to the company

PolicyBazaar IPO – FAQS

What is the Policy Bazaar IPO Price?

The Policy Bazaar IPO price band is ₹ 940 – ₹ 980 per share

When Policy Bazaar IPO will open?

The Policy Bazaar IPO opens on Nov 01, 2021 and closes on Nov 03, 2021

What is the lot size of Policy Bazaar IPO?

The Policy Bazaar IPO lot size is 15 Equity Shares and the minimum order quantity is 15 Equity Shares

Who is the Registrar for Policy Bazaar IPO?

The Registrar for Policy Bazaar IPO is Link Intime India Private Limited

How to apply in Policy Bazaar IPO through UPI?

Check the step by step process here – Click here

How to apply in Policy Bazaar IPO through Zerodha?

Check the step by step process here – Click here

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