PolicyBazaar IPO Subscription Status
PolicyBazaar IPO subscription to start from Nov 01 to Nov 03, 2021. The Rs 5,710-crore IPO comprises a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale of about Rs 1,960 crore by existing shareholders. The price range for the offer has been fixed at Rs 940 – Rs. 980 per share.
PolicyBazaar IPO Subscription Status
| Day | Date | QIB | NII | Retail | Total |
| Day 1 | 01-Nov-2021 17:00 | 0.56x | 0.06x | 1.18x | 0.54x |
| Day 2 | 02-Nov-2021 17:00 | 2.08x | 0.23x | 2.04x | 1.59x |
| Day 3 | 03-Nov-2021 17:00 | 24.89x | 7.82x | 3.31x | 16.59x |
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.
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 Subscription Status – FAQs
How much PolicyBazaar IPO subscribed on Day 1?
The PolicyBazaar IPO subscribed [.] times on day 1
How much PolicyBazaar IPO subscribed on Day 2?
The PolicyBazaar IPO subscribed [.] times on day 2
How much PolicyBazaar IPO subscribed on Day 3?
The PolicyBazaar IPO subscribed [.] times on day 3
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