PolicyBazaar IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About PolicyBazaar
- Important Details – PolicyBazaar
- Objects of the Issue
- PolicyBazaar Limited Financials:
- PolicyBazaar IPO Price – Details
- PolicyBazaar IPO DRHP & RHP
- PolicyBazaar IPO Lot Size
- PolicyBazaar IPO Lead Managers
- PolicyBazaar IPO Registrar
- Company Registered and Corporate Office
- PolicyBazaar IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- PolicyBazaar IPO – FAQS
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
| Date | Details |
|---|---|
| June 4, 2008 | The 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, 2020 | The name of the company was changed to ‘PB Fintech Private Limited’ |
| June 19, 2021 | Upon 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
| Details | POLICYBZR IPO Details |
|---|---|
| Public Issue | Initial 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 Date | 01-Nov-21 |
| Issue Close Date | 03-Nov-21 |
| Issue Type | Book 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 Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | POLICYBZR |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
PolicyBazaar IPO DRHP & RHP
PolicyBazaar IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 15 | ₹ 14,700 |
| Maximum | 13 | 195 | ₹ 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
| Details | Date |
|---|---|
| Bid / Offer Opens on | 01-Nov-21 |
| Bid / Offer Closes on | 03-Nov-21 |
| Finalisation of Basis of Allotment | 10-Nov-21 |
| Initiation of refunds | 11-Nov-21 |
| Credit of the Equity Shares | 12-Nov-21 |
| Listing Date | 15-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?
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