Tuesday, August 03, 2021

PolicyBazaar IPO Date, Review, Price, Form & Market Lot Details

PB Fintech Limited aka PolicyBazaar filed draft red hearing prospectus (DRHP) with SEBI for ₹6017.5 crore IPO. PaisaBazaar and PolicyBazaar are the part of PB Fintech.
PolicyBazaar IPO files DRHP with SEBI on 02 August 2021, Monday. The company to raise ₹6017.5 crores via IPO that comprises ₹3750 crore of fresh issue and offer for sale up to  ₹2267.50 crores. PB Fintech is the parent company of PolicyBazaar and PaisaBazaar. They are one of the largest online insurance platform. The Policybazaar and Paisabazaar platform offers the large and highly under penetrated online insurance and lending markets. The company was incorporated in 2008 as "Etechaces Marketing and Consulting Pvt. Ltd." later on the name was changed to "PB Fintech Pvt. Ltd." in 2020. They are  Indian insurance aggregator and multinational financial technology company based in Gurgaon. The company founded in 2008 by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar. Check out PolicyBazaar IPO details.
Important Details:
  • PB Fintech Limited is a parent company of Policybazaar and Paisabazaar.
  • The company is backed by Softbank Group, SVF Python II (Cayman).
  • The company also backed by marquee investors such as Temasek, Info Edge and more.
  • The company is doing loss for last 3 years but it narrowed down the same in 2021.

    PolicyBazaar IPO Review

    • To be updated soon

    Brokerage Firm IPO Reviews

    • ICICI Securities: To be updated soon
    • Motilal Oswal: To be updated soon
    • Capital Market: To be updated soon
    • Ventura Securities Limited: To be updated soon
    • KR Choksey: To be updated soon
    • GEPL Capital Ltd: To be updated soon

    PolicyBazaar IPO Date & Price Band

     IPO Open:  2021
     IPO Close:  2021
     IPO Size:  Approx ₹6017.5 Crores
     Fresh Issue:  Approx ₹- Crores
     Offer for Sale:  Approx ₹- Crores
     Face Value:  ₹2 Per Equity Share
     Price Band:  ₹- to ₹- Per Share
     Listing on:  BSE & NSE
     Retail Portion:  10%
     Discount:  N/A

    PolicyBazaar IPO Market Lot

    The PolicyBazaar IPO minimum market lot is - shares with ₹- application amount. The retail investors can apply up-to - lots, - shares with ₹- application amount.
     Minimum Lot Size:  Minimum - Shares
     Minimum Amount:  ₹-
     Maximum Lot Size:  Maximum - Shares
     Maximum Amount:  ₹-

    PolicyBazaar IPO Date, Time Table, Allotment & Listing

    The PolicyBazaar IPO date is 2021 and the IPO close date is 2021. The allotment date is  2021 and the IPO may list on 2021.
     Price Band Announcement:  2021
     Anchor Investors Allotment:  2021
     IPO Open Date:  2021
     IPO Close Date:  2021
     Basis of Allotment:  2021
     Refunds:  2021
     Credit to Demat Account:  2021
     IPO Listing Date:  2021

    PolicyBazaar IPO Form

    How to apply the PolicyBazaar IPO? You can apply 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 you can apply PolicyBazaar IPO via IPO forms download via NSE and BSE. Check out the PolicyBazaar forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

    PolicyBazaar Company Financial Report

      ₹ in Crores

    Income Expense PAT
    2018 ₹- ₹- ₹-
    2019 ₹529 ₹866 -₹337.42
    2020 ₹856 ₹1150 -₹294.84
    ₹957 ₹1099 -₹141.91

    Company Promoters

    • Company is a professionally managed company and does not have an identifiable promoter.

    About PolicyBazaar

    We 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 underpenetrated 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 customised 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 emphasise the nature of our fintech business and subsequently converted to a public limited company on June 30, 2021.

    Quick Links

    DRHP Draft Prospectus
    RHP Draft Prospectus

    PolicyBazaar IPO Registrar

    Link Intime India Private Limited  
    C 101, 247 Park  
    L.B.S Marg  
    Vikhroli (West)  
    Mumbai 400 083  
    Maharashtra, India
    Tel: +91 22 4918 6200
    E-mail: policybazaar.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Investor Grievance ID: policybazaar.ipo@linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    SEBI Registration Number: INR000004
    Note: Check PolicyBazaar IPO allotment status on Linkintime website allotment URL. Click Here

    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

    Company Address

    PB Fintech Limited
    Corporate Identity Number: U51909HR2008PLC037998  
    Plot No. 119, Sector 44
    Gurgaon, Haryana 122 001
    Contact Person: Bhasker Joshi
    Company Secretary and Compliance Officer
    Telephone: +91 124 456 2907
    E-mail: investor.relations@pbfintech.com
    Website: www.pbfintech.in

    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 ₹- to ₹- per equity share. The IPO to be listed on BSE & NSE.

    When PolicyBazaar IPO will open?

    The IPO is to open on 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 ₹- to ₹- per equity share.

    What is PolicyBazaar IPO Minimum and Maximum Lot Size?

    The minimum bid is - Shares with ₹- amount while maximum bid is - shares with ₹-.

    What is PolicyBazaar IPO Allotment Date?

    PolicyBazaar IPO allotment date is 2021.

    What is PolicyBazaar IPO Listing Date?

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

    Note: The PolicyBazaar IPO final details is not announced yet and will be updated as it will officially announced. The IPO grey market premium (PolicyBazaar IPO Premium) is not started. You can check our IPO grey market page for daily updates.)

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