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Policybazaar IPO

IPO Status: Closed [1st Nov 2021 to 3rd Nov 2021]

Rated 4 stars Rated 4/5 by Team TopShareBrokers
Policybazaar IPO Detail

Policybazaar IPO of Rs. 6,017.5 Cr comprising of a fresh issue of Rs. 3,750 cr and an offer for sale of Rs. 2,267.5 Cr to hit the market soon to list on the BSE and NSE platform. The IPO opens for subscription from 1st Nov and closes on 3 November 2021.. The IPO price band is fixed at Rs. 940-980 per share and the lot size is 15 shares. Stay updated with us to know more about the Polizybazaar IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Policybazaar IPO Details

IPO Issue Opening Date: 1st Nov 2021
IPO Issue Closing Date: 3rd Nov 2021
IPO Issue Price: ₹940-980
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹6,017.5 Cr
Offer for Sale: ₹2,267.5 Cr
Fresh Issue: ₹3,750 Cr
Face Value: ₹2 Per Equity Share
Market Lot: 15 Shares
Min Retail Qty: 15 shares(1 lot)
Max Retail Qty: 195 shares(13 lots)
Promoter Holding Pre IPO: TBD
Promoter Holding Post IPO: TBD
Retail Quota: 17.6%
BSE Code: 543390
NSE Code: POLICYBZR
IPO Live GMP IPO Live GMP

Policybazaar IPO Important Dates

In this section we have covered all important dates related to Policybazaar IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Policybazaar IPO important dates
IPO Activity Date
IPO Issue Open 1st Nov 2021
IPO Issue Close 3rd Nov 2021
Basis of Allotment Finalisation Date* 10th Nov 2021
Refunds Initiation* 11th Nov 2021
Credit of Shares to Demat Account* 12th Nov 2021
IPO Listing Date* 15th Nov 2021

* - Tentative Dates

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About Company - Policybazaar

Policybazaar is India's largest online platform for insurance and lending products leveraging the power of technology and innovation. The online platform provides easy access to various financial products i.e. insurance, credit, and other financial products.

Its Policybazaar platform was launched in 2008 and as per Frost & Sullivan, it is India's largest insurance provider with a 93.4% market share. Later, in 2014, it has launched Paisabazaar to transform and according to Frost & Sullivan, Paisabazaar is India's largest digital consumer credit marketplace with a 51.4% market share.

Incorporation Sector IPO Issue Size Website
1956 Insurance ₹6,017.5 Cr https://www.pbfintech.in/

Policybazaar IPO Objective

The IPO aims to raise money for the following purposes;

  1. To enhance brand visibility and awareness of Policybazaar and Paisabazaar.
  2. To take business expansion initiatives to increase consumer base.
  3. Funding strategic investment and acquisition.
  4. To expand business presence outside India.
  5. General corporate purposes.

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Policybazaar IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 19,329,621 Shares
  • Non-Institutional Investors: 9,109,539 Shares
  • Retail Individual Investor: 6,073,026 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered19,329,621 (56.01%)9,109,539 (26.4%)6,073,026 (17.6%)34,512,186
11st Nov 2021 17:020.56x0.06x1.18x0.54x
22nd Nov 2021 17:022.08x0.23x2.04x1.59x
33rd Nov 2021 17:0224.89x7.82x3.31x16.58x

Policybazaar Financials for past 3 Years

Past performance and financial results of Policybazaar.

Policybazaar financial
Policybazaar Financials (₹ in Cr) 30-Jun-2021 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹2,278.91 ₹2,330.73 ₹1,576.00 ₹751.45
Total Income ₹258.17 ₹957.41 ₹855.56 ₹528.81
Net Profit/Loss ₹(110.84) ₹(150.24) ₹(304.03) ₹(346.81)

Policybazaar IPO Strengths

  • Customer-friendly brands - Policybazaar and Paisabazaar.
  • User-friendly proprietary Technology, Data, and intelligence Stack.
  • Large market share with 93.4% in no. of policies sold in 2020 and 51.4% market share in disbursals.
  • Strong, efficient, and intelligent network with 51 Insurer partners and 54 lending partners.

Policybazaar IPO Threats/Weaknesses

  • Uncertain impact of COVID-19 on business operations, and financial performance.
  • Highly dynamic and competitive online fintech industry.
  • Failure to maintain brand recognition and reputation will adversely affect business financials.
  • The insurance broking business is subject to various laws and regulations.

Policybazaar IPO DRHP >>Document

Policybazaar IPO RHP >>Document

Policybazaar IPO Allotment Status >>Link

Company Address

PB Fintech Limited
Plot No. 119, Sector 44,
Gurgaon,Haryana-122 001
India
Website: https://www.pbfintech.in/
Phone: +91 124 456 2907
Email: [email protected]

Policybazaar IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Policybazaar IPO Lead Manager

  1. Kotak Mahindra Capital Company Limited
  2. ICICI Securities Limited
  3. Citigroup Global Markets India Private Limited
  4. Morgan Stanley India Company Pvt Ltd
  5. IIFL Holdings Limited
  6. HDFC Bank Limited
  7. Jefferies India Private Limited
Policybazaar IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Policybazaar? Should I apply in Policybazaar IPO?

Last Updated on 2021-11-22T09:07:08+00:00


User Reviews

avatar
6. Vinay Jain Oct 18 2021 11:48:31 AM Reply
PolicyBazar-
GMP-235
Kostak-400
Subject to 2800
avatar
5. NEERAJ Oct 17 2021 09:34:23 AM Reply
Policybazaar IPO expected listing gain.
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4. Yeluri Sarma Oct 17 2021 09:34:23 AM Reply
Please confirm Policybazaar IPO GMP (grey market premium) and kostak.
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3. Tpprajwal Tp Oct 17 2021 09:34:23 AM Reply
Policybazaar IPO good or bad.
avatar
2. nippulapalli srilatha Oct 17 2021 09:34:23 AM Reply
Policybazaar IPO whether to invest or not.
avatar
1. Vikas Patil Oct 17 2021 09:34:23 AM Reply
Policybazaar IPO - CRISIL Rating, Apply or not?.