PB Fintech Limited IPO (PolicyBazaar IPO) Detail

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.

Check out PolicyBazaar IPO and GMP details.


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

The PolicyBazaar IPO open date is Nov 1, 2021, and the close date is Nov 3, 2021. The issue may list on Nov 15, 2021.
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:

The PolicyBazaar IPO open date is Nov 1, 2021, and the close date is Nov 3, 2021. The issue may list on Nov 15, 2021.
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
Read Also:- 
  • PolicyBazaar IPO GMP (Grey Market Premium)
  • PolicyBazaar IPO Subscription Status
  • PolicyBazaar IPO Allotment Status

PolicyBazaar IPO Form:

How to apply the PolicyBazaar IPO? You can apply for PolicyBazaar IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the PolicyBazaar IPO in the Invest section. The other option is you can apply to PolicyBazaar IPO via IPO forms download via NSE and BSE. Check out the PolicyBazaar IPO forms - click NSE Forms & BSE Forms blank PolicyBazaar IPO forms download, fill, and submit in your bank or with your broker.

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

policy-bazaarWe 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:

C-101, 247 ParkLBS Marg, Surya Nagar,
Gandhi Nagar, Vikhroli (West),
Mumbai 400 083
Tel: (91 22) 4918 6200
Fax: (91 22) 4918 6195
E-mail: sansera.ipo@linkintime.co.in
Investor grievance e-mail: nykaa.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058

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


PolicyBazaar IPO FAQs

What is PolicyBazaar IPO?

PolicyBazaar IPO is a main-board IPO. They are going to raise ₹6017.5 Crores via IPO. The issue is priced at ₹940 to ₹980 per equity share. The IPO to be listed on BSE & NSE.

When PolicyBazaar IPO will open?

The IPO is to open on 01 November 2021 for QIB, NII, and Retail Investors.

What is PolicyBazaar IPO Investors Portion?

The investors' portion for QIB 75%, NII 15%, and Retail 10%.

How to Apply the PolicyBazaar IPO?

You can apply PolicyBazaar IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the PolicyBazaar IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name "PolicyBazaar Finance". Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the PolicyBazaar IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name "PolicyBazaar Finance". Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve - mandate. Open Demat Account with Upstox.

What is PolicyBazaar IPO Size?

PolicyBazaar IPO size is ₹6017.5 crores. The IPO comprises ₹3750 crores fresh issue and offer for sale of ₹2267.50 crores.

What is PolicyBazaar IPO Price Band?

PolicyBazaar IPO Price Band is ₹940 to ₹980 per equity share.

What is PolicyBazaar IPO Minimum and Maximum Lot Size?

The minimum bid is 15 Shares with ₹14,700 amount while maximum bid is 195 shares with ₹191,100.

What is PolicyBazaar IPO Allotment Date?

PolicyBazaar IPO allotment date is 10 November 2021.

What is PolicyBazaar IPO Listing Date?

PolicyBazaar IPO listing date is 15 November 2021. The IPO to list on BSE and NSE.