PolicyBazaar has filed preliminary papers with capital market regulator SEBI to raise funds worth ₹6017.5 crores via public issue. PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.
In 2008, PB Fintech launched Policybazaar aimed at catering to consumers who need more information, choice, and transparency in insurance policies. Policybazaar is an online platform for consumers and insurer partners to buy and sell insurance products. 51 insurer partners offered over 340 term, health, motor, home, and travel insurance products on the policy bazaar platform, as of March 2021.
PolicyBazaar IPO Date & Price Band:
| IPO Opening Date | Nov 01, 2021 |
| IPO Closing Date | Nov 03, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹940 to ₹980 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
| Issue Size | Eq Shares of ₹2 (aggregating up to ₹6017.50 Cr) |
| Offer for Sale | Eq Shares of ₹2 (aggregating up to ₹3750.00 Cr) |
| Offer for Sale | Eq Shares of ₹2 (aggregating up to ₹2267.50 Cr) |
PolicyBazaar IPO Tentative Timetable
| IPO Open Date | Nov 01, 2021 |
| IPO Close Date | Nov 03, 2021 |
| Basis of Allotment Date | Nov 10, 2021 |
| Initiation of Refunds | Nov 11, 2021 |
| Credit of Shares to Demat Account | Nov 12, 2021 |
| IPO Listing Date | Nov 15, 2021 |
PolicyBazaar IPO Market Lot:
| Minimum Lot Size: | Minimum 15 Shares |
| Minimum Amount: | ₹14,700 |
| Maximum Lot Size: | Maximum 195 Shares |
| Maximum Amount: | ₹191,100 |
PolicyBazaar Company Financial:
| Particulars | For the year/period ended (₹ in millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 19,288.83 | 18,282.36 | 17,454.84 |
| Total Revenue | 15,723.64 | 14,731.39 | 16,408.09 |
| Profit After Tax | 1,098.60 | 799.05 | 980.64 |
PolicyBazaar IPO Reviews / Ratings
- Updates Soon
Brokerage Firm IPO Reviews for PolicyBazaar IPO
- ICICI Securities: Adding Soon
- Motilal Oswal: Adding Soon
- Capital Market: Adding Soon
- Ventura Securities Limited: Adding Soon
- KR Choksey: Adding Soon
- AXIS Capital Ltd: Neutral
- PolicyBazaar IPO GMP (Grey Market Premium)
- PolicyBazaar IPO Subscription Status
- PolicyBazaar IPO Allotment Status
PolicyBazaar IPO Form:
PolicyBazaar IPO Subscription Numbers (Day 1)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | x | x | x |
| NII | x | x | x |
| RII | x | x | x |
| EMP | x | x | x |
| OTH | x | x | x |
| Total | x | x | x |
About PolicyBazaar
We have built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. Our Policybazaar and Paisabazaar platform offerings address the large and highly under-penetrated online insurance and lending markets. We provide 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 our consumer-centric approach, we seek to enable online research-based purchases of insurance and lending products and increase transparency, which enables Consumers to make informed choices. We also facilitate our Insurer and Lending Partners in the financial services industry to innovate and design customized products for Consumers leveraging our extensive data insights and data analytics capabilities.
The company was incorporated as “Etechaces Marketing and Consulting Pvt. Ltd.”, on June 4, 2008 under the Companies Act, 1956. The company name was changed to “PB Fintech Pvt. Ltd.”, on September 18, 2020, to emphasize the nature of our fintech business and subsequently converted to a public limited company on June 30, 2021.
PolicyBazaar IPO Objectives
The objects of the Offer are;
- Enhancing visibility and awareness of company’s brands, including but not limited to “Policybazaar” and “Paisabazaar”;
- New opportunities to expand company’s consumer base including offline presence;
- Strategic investments and acquisitions;
- Expanding presence outside India; and
- General corporate purposes.
PolicyBazaar IPO Prospectus
PolicyBazaar Company Promoters:
- Company is a professionally managed company and does not have an identifiable promoter.
PolicyBazaar IPO Registrar:
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 Company Address:
PB Fintech Limited
Plot No. 119,
Sector 44 Gurgaon,
Haryana 122 001, India
Phone: +91 124 456 2907
Email: investor.relations@pbfintech.com
Website: https://www.pbfintech.in/
