The country’s largest online insurance Brand company Policybazaar IPO Open date 01 November 2021 and closes on 03 November 2021. The company is raising funds ₹6017.50 crores through this IPO. Through this IPO, the company has set a Policybazaar valuation target of $5.5 billion-6 billion. According to the company’s DRHP, ₹3750 crore issue and ₹2267.50 crores will be offered by for-sale promoters in this IPO and SoftBank is going to sell the largest stake in this OFS. Policybazaar is the country’s largest online insurance company, in which many big investors have invested money.
Policybazaar.com is now India’s foremost insurance aggregator and a leading fintech player globally. The objective is the same even today — Customer First and Sustained Profitability for the entire insurance ecosystem. It’s a fine balancing act when our customers transact a few lac crores of insurance cover and a few thousand crores of insurance premium with 50+ insurers through our platform with complete confidence every year.
Policybazaar Investors Brands :
■ Info Edge
■ Premji Invest
■ Ribbit Capital
■ Tiger Global
■ True North
Policybazaar Insurance Details :
■ Life Insurance:- Term Insurance, Saral Jeevan Bima, Coronavirus Term Insurance, Term Insurance Return Of Premium, Term Life Insurance For Spouse.
■ Investment Plan:- Child Plans, Pension Plans, ULIP, Money Back Policy, Endowment Policy, Tax Saving, Investments, Guaranteed Return Plans, Capital Guarantee Plans, Annuity Plans
■ Health Insurance:- Health Insurance Plans, Family Health Insurance, Senior Citizen Health Insurance, Coronavirus Health Insurance, Corona Kavach Policy, Corona Rakshak Policy, Arogya Sanjeevani Policy, Critical Illness Insurance, Mediclaim Policy, Best Health Insurance Plans, Health Insurance Claim, Health Insurance Calculator
■ Motor Insurance:- Car Insurance, Two Wheeler Insurance, Commercial Vehicle Insurance, Taxi Insurance, Third Party Insurance, Best Car Insurance Companies, Used Car Insurance, Pay As You Drive Insurance, Third Party Bike Insurance, Car Insurance Calculator, Two Wheeler Insurance Calculator, Car Insurance Claim, Motor Floater Insurance,
There are many other types of insurance, for more information visit the official site. Click Here
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Policybazaar IPO Review :
■ Apply For Listing gain and Long Term
Policybazaar IPO Date & Price Band & Details :
|IPO Open :||01 November 2021|
|IPO Close :||03 November 2021|
|IPO Size :||₹6017.50. Cr|
|Face Value :||₹2 Rs. Equity Share|
|Price Band :||₹940-₹980 Per Share|
|Listing On :||BSE, NSE|
|Issue Size :||₹6017.50. Cr|
|Fresh Issue :||₹3750. Cr|
|Offer For Sale :||₹2267.50. Cr|
Policybazaar IPO Market Lot :
Policybazaar IPO Minimum Market lot is 1 Lot with 15 shares with ₹14,700 Application amount. The retail investors can apply up to 13 lots with 195 Shares or ₹191,100 amounts.
|Minimum Lot Size :||1 Lot|
|Minimum Share :||15 Shares|
|Minimum Amount :||₹14,700|
|Maximum Lot Size :||13 Lot|
|Maximum shares :||195 Shares|
|Maximum Amount :||₹191,100|
Policybazaar IPO Shares Offer :
A Total of 61,402,961 shares are to be bid for the public issue by Policybazaar IPO with 38,265,206 for Fresh issue and 23,137,755 for an offer for sale Shares.
|Fresh issue :||38,265,206||₹3750 Cr|
|Offer For Sale :||23,137,755||₹2267.50 Cr|
|Total :||61,402,961||₹6017.50 Cr|
Policybazaar IPO Reservation :
Policybazaar IPO Total Reservation of 61,403,061 shares are to be bid for the public issue by Policybazaar IPO with 46,052,296 for QIB and 9,210,459 for NII & 61,40,306 For RII & – Shares EMP.
|QIB :||75%||46,052,296||₹4513.12 Cr|
|NII :||15%||9,210,459||₹902.62 Cr|
|RII :||10%||61,40,306||₹601.75 Cr|
|EMP :||– %||–||₹–|
|Total :||100%||61,403,061||₹6017.50 Cr|
Policybazaar IPO Dates :
Policybazaar IPO Date is 01 November 2021 and closes on 03 November 2021. The allotment will be finalized on 10 November 2021 and the IPO may list on 15 November 2021.
|Open Date :||01 November 2021|
|Close Date :||03 November 2021|
|Allotment Date :||10 November 2021|
|Refund Date :||11 November 2021|
|Share Credit Date :||12 November 2021|
|Listing Date :||15 November 2021|
Policybazaar IPO Form :
There are two ways to apply in Policybazaar IPO. You can apply for Policybazaar IPO through ASBA available in your bank account. You have to go to your online bank login and select Policybazaar IPO in the Invest section and apply through your bank account. Another option is you can apply for Policybazaar IPO through IPO form download through NSE and BSE. See the Policybazaar IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Policybazaar Company Financial Report (Cr) :
About Policybazaar Company
Our Company was incorporated as ‘ETECHACES Marketing and Consulting Private Limited’, a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana, at New Delhi (“RoC”) on June 4, 2008. Subsequently, the name of our Company was changed to ‘PB Fintech Private Limited’, pursuant to a fresh certificate of incorporation issued by the RoC on September 18, 2020. Upon the conversion of our Company to a public limited company pursuant to a resolution passed by our shareholders on June 19, 2021, the name of our Company changed to ‘PB Fintech Limited’, and a fresh certificate of incorporation dated June 30, 2021, was issued by the RoC.
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We have built India’s largest online platform for insurance and lending products leveraging the power of technology, data, and innovation, according to Frost & Sullivan. 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.
We launched Policybazaar, our 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. According to Frost & Sullivan, in Fiscal 2020, Policybazaar was India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold.
Furthermore, in Fiscal 2020, 65.3% of all digital insurance sales in India by volume was transacted through Policybazaar. In 2014, we launched Paisabazaar with the goal to transform how Indians access personal credit by accentuating ease, convenience, and transparency in selecting a variety of personal loans and credit cards.
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According to Frost & Sullivan, Paisabazaar was India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals in Fiscal 2020. Paisabazaar is also widely used to access credit scores, with approximately 21.5 million Consumers cumulatively having accessed their credit score through our platform as of March 31, 2021.
Our Policybazaar and Paisabazaar platform offerings address the large and highly underpenetrated online insurance and lending markets. We have an asset-light capital strategy and do not underwrite any insurance or retain any credit risk on our books. Policybazaar is registered with and regulated by IRDAI as a direct (life and general) insurance broker.
Our Company Strenght
- We have created strong, Consumer-friendly brands offering wide choice, transparency and convenience.
- Our Proprietary Technology, Data and Intelligence Stack.
- Collaborative partner for Insurer and Lending Partners.
- Our scale gives us unique self-reinforcing flywheels and strong network effects.
- High renewal rates providing clear visibility into future business and delivering superior economics.
- Benefits from economies of segmentation.
- Capital efficient model with low operating costs.
- Founders with clarity of purpose backed by experienced management.
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Company Promoters :
■ Yashish Dahiya
Policybazaar Board of Directors
|Mr. Yashish Dahiya||Chairman, Executive Director, and CEO|
|Mr. Alok Bansal||Whole-time Director and CFO|
|Ms. Kitty Agarwal||Non-executive Director|
|Mr. Sarbvir Singh||Non-executive Director|
|Mr. Munish Ravinder Varma||Non-executive Director|
|Mr. Kaushik Dutta||Independent Director|
|Ms. Veena Vikas Mankar||Independent Director|
|Ms. Lilian Jessie Paul||Independent Director|
|Mr. Nilesh Bhaskar Sathe||Independent Director|
|Mr. Gopalan Srinivasan||Independent Director|
Quick Link :
Policybazaar IPO Lead Managers :
■ Morgan Stanley India Company Private Limited
■ IIFL Securities Limited
■ Citigroup Global Markets India Private Limited
■ ICICI Securities Limited
■ HDFC Bank Limite
■ Jefferies India Private Limited
■ Kotak Mahindra Capital Company Limited
Policybazaar IPO Registrar :
Link Intime India Private Limited
C-101, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Tel: +91 022 4918 6200
E-mail: [email protected]
Investor Grievance Email: [email protected]
Note: Check Policybazaar IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Policybazaar Pvt Ltd
Plot No.119, Sector – 44,
Gurgaon, Haryana – 122001
Call at: 0124-4218302
E-Mail: [email protected]
Policybazaar IPO FAQs :
What is Policybazaar IPO?
Policybazaar IPO is Mainboard IPO. They are going to raise ₹6017.50. Crores via IPO. The issue is priced at ₹940-₹980 per equity share. The IPO is to be listed on NSE, BSE.
When Policybazaar IPO will open?
The IPO is to open on 01 Nov -03 Nov 2021 for QIB, NII & RII.
What is Policybazaar IPO Size?
Policybazaar IPO size is ₹6017.50 Crores.
What is the Fresh issue size of Policybazaar IPO?
The Fresh issue size of Policybazaar IPO ₹3750 Cr.
What is the Offer For Sale size of Policybazaar IPO?
The Offer For Sale size of Policybazaar IPO ₹2267.50 Cr.
What is Policybazaar IPO Price Band?
Policybazaar IPO Price Band is ₹940-₹980 Per share.
What is Policybazaar IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot 15 Shares with ₹14,700 amount while the maximum bid is 13 Lot 195 shares with ₹191,100.
What is Policybazaar IPO Investors Portion?
The investors’ portion for QIB is 75%, NII 15%, RII 10%.
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 NSE, BSE.
How to Apply the Policybazaar IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Policybazaar IPO”. 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.
How to Apply the Policybazaar IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Policybazaar IPO”. 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.
How to Apply the Policybazaar IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Policybazaar IPO”. 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.
How to Apply the Policybazaar IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Policybazaar IPO”. 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.
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Policybazaar IPO Allotment: Click Here
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All Policybazaar IPO-related links are available here. If you want to know the details then click on Click Here Link.
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