PolicyBazaar IPO

Open Date 1st Nov, 2021
Close Date 3rd Nov, 2021
Price Band Rs. 940 to Rs. 980 per share
Lot Size 15 Equity shares
Investment Per Lot Rs. 14,700
Listing at NSE and BSE
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PolicyBazaar IPO

PolicyBazaar IPO Details

Staying true to it’s ‘Compare. Buy. Save’ motto, PB Fintech or popularly known as PolicyBazaar has carved a niche for itself as a leading insurance and lending products provider. Started in 2008, while the financial world was coping with the housing crisis, PolicyBazaar went from strength-to-strength, providing Indians with a convenient platform for all insurance products. Today, PolicyBazaar is India’s foremost insurance aggregator.

Strengths

  • 51 insurer partners offering over 340 term, health, motor, home and travel insurance products
  • Market Research Firm, Frost & Sullivan reports PolicyBazaar as having 93.4% market share based on policies sold and 65.3% of digital insurance sales in India by volume
  • Paisabazaar launched in 2014 has partnered with 54 large banks, NBFCs and Fintech players to provide variety of loans
  • Paisabazaar, India’s largest digital consumer credit marketplace with 51.4% market share (FY2020)
  • Dynamic and experienced management team
  • Integrated capital efficient models

Growth Strategy

  • Brand building activities to attract new customers
  • Design and create new innovative products
  • Pursue strategic investments to scale faster

Expectations

  • Plans to raise upto Rs. 6,017.5 crore with a post IPO valuation of $5.5 billion
  • Capitalize on the sharp increase in demand for online health and life insurance products due to Covid-19

PolicyBazaar IPO Dates

Open Date 1st Nov, 2021
Close Date 3rd Nov, 2021
Allotment Date 10th Nov, 2021
Initiation of Refunds 11th Nov, 2021
Credit of Shares to Demat Account 12th Nov, 2021
Listing Date 15th Nov, 2021

PolicyBazaar IPO Price

IPO Price Band Rs. 940 to Rs. 980 per share
Minimum Investment Amount Rs. 14,700
Maximum Investment Amount Rs. 1,91,100
Face Value Rs.2 per equity share

PolicyBazaar IPO Lot Size

Minimum Lot Size 1 (15 shares)
Maximum Lot Size 13 (195 shares)

PolicyBazaar IPO Subscription Breakup

QIBs NA
Non-Institutional Investors NA
Retail Individual Investors NA

Online Procedure to Apply For PolicyBazaar IPO

  1. Go to the IPO Section => IPO Listing => Open IPO.
  2. On tapping PolicyBazaar IPO, you can directly click on Subscribe to apply or even view the IPO details.
  3. On the Subscribe Screen/Page, you will be required to enter the number of lots, cut-off price, UPI ID and tap Verify.
  4. Once you select ‘Subscribe’. Your bid will be executed.
  5. You can check the status of your IPO bid in the IPO Transactions section.
Click here to read the entire procedure to apply for the IPO
Apply for the PolicyBazaar with Jiffy

PolicyBazaar IPO FAQs

Yes, IPO application for Retail Investors is up to 2 Lakhs.
You will have to opt for the ASBA – Application Supported by Blocked Amount facility. Please get in touch with your bank for the same, do check if your bank is in the list of Banks here:
No. Applications made by retail investors using third party UPI ID or by any category of investors using a third party bank account are liable for rejection.
Yes, before the issue closure date. You can do it through Jiffy itself. The blocked amount will be available in 1 working day.
You can check the status of your IPO application via this BSE link https://www.bseindia.com/investors/appli_check.aspx just fill in a few details and the status will be shown.

Desclaimer : Investment in securities market are subject to market risks, read all the related documents carefully before investing.