PB Fintech IPO (PolicyBazaar IPO) Price, GMP, Date, Review

PolicyBazaar IPO

PolicyBazaar IPO Details:

PB Fintech IPO (PolicyBazaar IPO) Launching?

The initial public offering of PB Fintech, the parent company of Policybazaar and Paisabazaar, will open for subscription on November 1 and will close on November 3.

PB Fintech IPO (PolicyBazaar IPO) Tentative Timetable 

The issue may list on Nov 15, 2021.

IPO Open Date Nov 1, 2021
IPO Close Date Nov 3, 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

PB Fintech IPO (PolicyBazaar IPO) Lot Size 

The PolicyBazaar IPO market lot size is 15 shares. A retail-individual investor can apply for up to 13 lots (195 shares or ₹191,100).

Application Lots Shares Amount (Cut-off)
Minimum 1 15 ₹14,700
Maximum 13 195 ₹191,100


PB Fintech IPO (PolicyBazaar IPO) Share Price

PolicyBazaar IPO is a main-board IPO of [.] equity shares of the face value of ₹2 collecting up to ₹5,625.00 Crores. The issue is valued at ₹940 to ₹980 per equity share. The base order quantity is 15 Shares.

PB Fintech IPO (PolicyBazaar IPO) Promoter Holding:

Policybazaar is a foreign-owned and controlled company. While Makesense Technologies (Info Edge) holds a 14.56 percent stake in the company, global funds have an enormous holding with SVF holding a 9.45 percent stake, trailed by Tancent (9.16 percent), SVF Holdings (6.31 percent), among others. The company’s founder Yashish Dahiya has a 4.27 percent stake in the company and isn’t delegated a promoter due to the base promoter holding the necessity of the Securities and Exchange Board of India.

PB Fintech IPO (PolicyBazaar IPO) Board Directors:

Directors of Policybazaar Insurance Brokers Private Limited are Yashish Dahiya, Manoj Sharma, Alok Bansal, Jagennath Jayanthi, and Nilesh Bhaskar Sathe.

PB Fintech IPO (PolicyBazaar IPO) Company Financials: 

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Jun-21 30-Jun-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 22,789.05 18,555.10 23,307.26 15,759.99 7,514.48
Total Revenue 2,581.74 1,912.73 9,574.13 8,555.63 5,288.07
Profit After Tax (1,108.44) (597.53) (1,502.42) (3,040.29) (3,468.11)


About PB Fintech IPO (PolicyBazaar IPO)

PB Fintech is India’s driving web-based platform for insurance and loaning products. The organization gives advantageous admittance to insurance, credit, and other financial products and means to make mindfulness in India about the financial effect of death, illness, and harm.

In 2008, PB Fintech launched Policybazaar pointed toward taking into account buyers who need more data, decisions, and transparency in insurance policies. Policybazaar is a web-based platform for purchasers and guarantor accomplices to purchase and sell insurance products. 51 insurer partners presented more than 340 terms, health, engine, home, and travel insurance products on the strategy marketplace platform, as of March 2021. Policybazaar offers its clients with I) pre-purchase research, ii) purchase, including application, assessment, clinical examination, and installment; and iii) post-purchase strategy the executives, including claims help, reestablishments, abrogations, and discounts. The organization’s innovation arrangements are centered around mechanization and self-administration-driven buyer encounters requiring insignificant human intercession. As per Frost and Sullivan, Policybazaar was India’s biggest computerized insurance marketplace with a 93.4% portion of the overall industry dependent on the number of policies sold in Fiscal 2020. Additionally, around the same time, 65.3% of all computerized insurance deals in India by volume were executed through Policybazaar.

PB Fintech likewise launched Paisabazaar in 2014 planning to give simplicity, accommodation, and transparency in choosing an assortment of personal loans and credit cards for the customers. The organization has collaborated with 54 huge banks, NBFCs, and fintech moneylenders offering a wide selection of products to customers across personal credit classes, including personal loans, business loans, credit cards, home loans, and loans against property. As per Frost and Sullivan, Paisabazaar was India’s biggest advanced buyer credit marketplace with a 51.4% piece of the pie, in light of disbursals in Fiscal 2020. During Fiscals 2019, 2020, and 2021, Paisabazaar empowered disbursals of ₹51,015 Mn, ₹65,496 Mn, and ₹29,168 Mn, individually.

Objects of the Issue:

The net continues from the IPO will be used for the accompanying purposes;

• For upgrading perceivability and attention to organization’s brands, including yet not restricted to “Policybazaar” and “Paisabazaar” – Rs.15,000 Million;

• New options to grow organization’s customer base including offline presence – Rs.3,750 Million;

• Funding vital investments and acquisitions – Rs.6,000 Million;

• Expanding presence outside India – Rs.3,750 Million; and

• general corporate purposes.

Company Contact Information: 

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/

Registrar of PolicyBazaar IPO

Link Intime India Private Limited
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: policybazaar.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

PB Fintech IPO (PolicyBazaar IPO) GMP Gray Market Price

As per market observers, Policybazaar shares are available at a premium (GMP) of ₹140 in the grey market today.

PolicyBazaar IPO GMP Daily Trend

Date PolicyBazaar IPO GMP Kostak Subject to Sauda
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


How to Apply For PB Fintech IPO (PolicyBazaar IPO)

You can apply in PolicyBazaar IPO web-based utilizing either UPI or ASBA as a payment strategy. ASBA IPO application is accessible in the net banking of your bank account. UPI IPO application is presented by agents who don’t offer banking administrations. Peruse more insight concerning applying IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

How to apply in PolicyBazaar IPO through Zerodha?

Zerodha clients can apply online in PolicyBazaar IPO utilizing UPI as a payment gateway. Zerodha clients can apply in PolicyBazaar IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in PolicyBazaar IPO through Zerodha

  • Visit the Zerodha site and log in to Console.
  • Go to Portfolio and click the IPOs link.
  • Go to the ‘PolicyBazaar IPO column and click the ‘Bid’ button.
  • Enter your UPI ID, Quantity, and Price.
  • ‘Submit’ IPO application form.
  • Visit the UPI App (net banking or BHIM) to support the mandate.

PolicyBazaar IPO Lead Manager(s)

  1. Citigroup Global Markets India Private Limited
  2. HDFC Bank Limited
  3. ICICI Securities Limited
  4. IIFL Securities Ltd
  5. Jefferies India Private Limited
  6. Kotak Mahindra Capital Company Limited
  7. Morgan Stanley India Company Pvt Ltd

PolicyBazaar IPO Details

IPO Opening Date Nov 1, 2021
IPO Closing Date Nov 3, 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 ₹5,625.00 Cr)
Fresh Issue [.] Eq Shares of ₹2
(aggregating up to ₹3,750.00 Cr)
Offer for Sale [.] Eq Shares of ₹2
(aggregating up to ₹1,875.00 Cr)


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

Final Review of PB Fintech IPO (PolicyBazaar IPO)

The organization is giving a wide variety of options and transparency to customers to explore and choose insurance and individual credit products. Their Proprietary Technology helps in predominant data insight and customer service. They even have a collective associations with different organizations for insurance and loaning products. Policybazaar and Paisabazaar platforms have solid network impacts. Their renewal rates are considerably high. They have a capital effective model with low operating costs and last however not least, they have founders and management who are quite experienced.

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