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The firm runs India’s largest online marketplace for insurance and loan products, utilizing technology, data, and innovation. The firm gives easy access to insurance, finance, and other financial goods and attempts to raise awareness among Indian households about the financial effects of death, sickness, and destruction. Its consumer-centric strategy enables online research-based purchases of insurance and financing products and promotes transparency, allowing customers to make educated decisions.
The PolicyBazaar platform was created in 2008 to satisfy consumers’ desire for increased awareness, choice, and openness, as well as to build a consumer-pull, provider-neutral approach for insurance distribution. PolicyBazaar was India’s largest digital insurance marketplace in FY2020, with a market share of 93.4 percent based on the number of policies sold.
PaisaBazaar was founded in 2014 with the goal of revolutionising personal credit by emphasising ease, convenience, and openness in the selection of personal loans and credit cards. PaisaBazaar has a 51.4 percent market share in disbursals in FY2020, making it India’s largest digital consumer credit marketplace.
| 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 |
| 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) |
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
| Date | PolicyBazaar IPO GMP | Kostak | Subject to Sauda |
| 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 |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain/Loss(%) |
PB Fintech Limited IPO (PolicyBazaar IPO) | Nov 15, 2021 | 980 | 1202.9 | 22.74 |
NSE : NA
ISIN CODE : INE417T01026
BSE : NA
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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: Coming soon
Closing Price on NSE: Coming soon
PB Fintech Limited
Plot No. 119, Sector 44 Gurgaon,
Haryana 122 001, India
Phone: +91 124 456 2907
Email: investor.relations@pbfintech.com
Website: www.pbfintech.in
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
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 |
PB Fintech Limited IPO (PolicyBazaar IPO) is a main-board IPO of ₹[.] per equity shares of the face value of ₹2 aggregating up to ₹5,625.00 Crores. The issue is priced at ₹940 to ₹980 per equity share. The minimum order quantity is 15 Shares. The initial public offering (IPO) date Nov 1, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.
The PB Fintech Limited IPO (PolicyBazaar IPO) opening date is Nov 1, 2021 and closing date is Nov 3, 2021.
PB Fintech Limited IPO (PolicyBazaar IPO) Market lot size is 15 Shares and the minimum order quantity is 15 Shares.
PB Fintech Limited IPO (PolicyBazaar IPO) can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for PB Fintech Limited IPO (PolicyBazaar IPO) will be done on Nov 10, 2021 and the allotted shares will be credited to your demat account by Nov 12, 2021. Check the PB Fintech Limited IPO (PolicyBazaar IPO) allotment status.
The PB Fintech Limited IPO (PolicyBazaar IPO) listing date is Nov 15, 2021.
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