PolicyBazaar IPO description – The company operates India’s largest online platform for insurance and lending products leveraging technology, data and innovation. The company provides convenient access to insurance, credit and other financial products and aims to create awareness amongst Indian households about the financial impact of death, disease and damage. Through its consumer-centric approach, it enables online research-based purchases of insurance and lending products and increases transparency, which enables consumers to make informed choices. The company also facilitates its Insurer and lending partners in the financial services industry to innovate and design customized products for consumers leveraging its extensive data insights and data analytics capabilities.
PolicyBazaar platform was launched in 2008 to address consumers’ need for more awareness, choice and transparency and create a consumer-pull based, provider-neutral model for insurance distribution. In FY2020, PolicyBazaar was India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold. The company launched PaisaBazaar in 2014 to transform personal credit by accentuating ease, convenience and transparency in selecting a variety of personal loans and credit cards. In FY2020, PaisaBazaar was India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals.
Promoters of PolicyBazaar – The company is professionally managed and has no identifiable promoter
PolicyBazaar IPO details
| Subscription Dates | 1 – 3 November 2021 |
| Price Band | INR940 – 980 per share |
| Fresh issue | INR3,750 crore |
| Offer For Sale | INR2,267.5 crore |
| Total IPO size | INR6,017.5 crore |
| Minimum bid (lot size) | 15 shares |
| Face Value | INR2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
PolicyBazaar’s Financial Performance (in INR crore)
| Â | FY2019 | FY2020 | FY2021 |
| Revenue | 528.8 | 855.6 | 957.4 |
| Expenses | 866.2 | 1,150.4 | 1,099.3 |
| Net income | (348.1) | (303.1) | (153.3) |
| Margin (%) | (65.8) | (35.4) | (16.0) |
More about PB Fintech Offer
Valuation of PolicyBazaar (as of FY2021)
Earnings Per Share (EPS): -INR4.11
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): -7.54%
Net Asset Value (NAV): INR54.52 per share
PolicyBazaar IPO GMP Daily Trend
| Date | PolicyBazaar IPO GMP | Kostak | Subject to Sauda |
| 13 Nov 2021 | INR70 | – | – |
| 12 Nov 2021 | INR100 | – | – |
| 11 Nov 2021 | INR50 | – | – |
| 9 Nov 2021 | INR80 | INR320 | INR1,300 |
| 8 Nov 2021 | INR70 | INR300 | INR1,300 |
| 3 Nov 2021 | INR100 | INR320 | INR1,400 |
| 2 Nov 2021 | INR120 | INR280 | INR1,300 |
| 1 Nov 2021 | INR140 | INR300 | INR1,500 |
| 30 Oct 2021 | INR90 | INR200 | INR1,300 |
| 29 Oct 2021 | INR120 | INR220 | INR1,500 |
| 28 Oct 2021 | INR170 | INR250 | INR2,000 |
| 27 Oct 2021 | INR200 | INR300 | INR2,500 |
| 26 Oct 2021 | INR200 | INR300 | INR2,500 |
| 25 Oct 2021 | INR200 | INR270 | INR2,300 |
| 23 Oct 2021 | INR230 | INR300 | INR2,500 |
| 22 Oct 2021 | INR200 | INR300 | INR2,300 |
| 21 Oct 2021 | INR170 | INR300 | INR2,000 |
| 20 Oct 2021 | INR200 | INR300 | INR2,400 |
| 19 Oct 2021 | INR250 | INR350 | INR3,000 |
| 18 Oct 2021 | INR250 | INR350 | INR3,000 |
| 14 Oct 2021 | INR300 | INR400 | INR3,500 |
PolicyBazaar IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 1,93,29,621 | 0.56 | 2.08 | 24.89 |
| NII | 91,09,539 | 0.06 | 0.23 | 7.82 |
| Retail | 60,73,026 | 1.18 | 2.04 | 3.31 |
| Total | 3,45,12,186 | 0.54 | 1.59 | 16.59 |
PolicyBazaar Offer Reviews – Subscribe or Avoid?
Angel One – Neutral
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Subscribe
Asit C Mehta –
Canara Bank Securities – Avoid
Choice Broking – Subscribe for long term
Elite Wealth – Subscribe
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
IDBI Capital –
KR Choksey –
Marwadi Financial Services – Avoid
Motilal Oswal –
Nirmal Bang – Neutral
Religare Broking –
Samco Securities – Subscribe for long term
SMC Global – 2/5
Ventura Securities – Subscribe
Registrar of PolicyBazaar IPO
Link Intime India Private LimitedÂ
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
PolicyBazaar Contact Details
PB Fintech Limited
Plot No. 119, Sector 44 Gurgaon, Haryana 122 001, India
Phone:Â +91 124 456 2907
Email:Â [email protected]
Website:Â www.pbfintech.in
PolicyBazaar IPO Allotment Status
PolicyBazaar offer allotment is now available on Link Intime’s website. Click on this link to get allotment status.
PolicyBazaar Offer Timetable
IPO Opening Date: 1 November 2021
IPO Closing Date: 3 November 2021
Finalisation of Basis of Allotment: 10 November 2021
Initiation of refunds: 11 November 2021
Transfer of shares to demat accounts: 12 November 2021
Listing Date: 15 November 2021
Opening Price on NSE: INR1,150 per share (up 17.35% from IPO price)
Closing Price on NSE: INR1,201.60 per share (up 22.62% from IPO price)
PolicyBazaar IPO FAQs
How many shares in PB Fintech IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB-75%, NII-15%, and Retail-10%.
How to apply in PolicyBazaar Public Offer?
The best way to apply in PolicyBazaar public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is PolicyBazaar IPO GMP today?
PolicyBazaar IPO GMP is INR70 per share.
What is PolicyBazaar IPO kostak rate today?
PolicyBazaar kostak rate today is NA per application.
What is PolicyBazaar Subject to Sauda rate rate today?
PolicyBazaar Subject to Sauda rate today is NA per application.
