Policybazaar IPO Analysis RELEASE DATE, GMP, PRICE BAND, IPO TIPS

Policybazaar IPO Analysis : RELEASE DATE, GMP, PRICE BAND, IPO TIPS

PB Fintech, the parent company of online marketplaces Policybazaar and Paisabazaar, has filed a draft red herring prospectus (DRHP) with market regulator Sebi in order to achieve Rs 6,017 crore ($809 million) in an initial public offering (IPO). 

Policybazaar IPO details:

IPO Opening Date2021 NA
IPO Closing Date2021 NA
Issue TypeNA
Face Value₹2 Per Equity Share
IPO PriceNA
Market LotNA
Min Order QuantityNA
Listing AtBSE, NSE
Issue SizeRs 6,017 crore
Fresh IssueNA
Offer for SaleNA

IPO DRHP DOCUMENT 

What is Policybazaar?

Policybazaar is one of the most extensive internet insurance platforms. The Policybazaar and Paisabazaar platforms provide access to vast and underserved online insurance and loan markets. The firm was founded in 2008 as “Etechaces Marketing and Consulting Pvt. Ltd.”; however, in 2020, the name was changed to “PB Fintech Pvt. Ltd.” They are a Gurgaon-based Indian insurance aggregator and international financial technology business. Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar started the firm in 2008.

Important Details:

  • Policybazaar and Paisabazaar are both owned by PB Fintech Limited. 
  • Softbank Group, SVF Python II, and others have invested in the firm (Cayman). 
  • Temasek, Info Edge, and other prominent investors have also funded the firm. 
  • The firm has been losing money for the previous three years, but that will change in 2021.

Financial data of Policybazaar IPO?

Income (in crore)Expense (in crore)Net 
2019Rs.529Rs.866-Rs.337
2020Rs.856Rs.1150-Rs.294
2021Rs.957Rs.1099-Rs.141

What would be the price band of the Policybazaar IPO?

The pricing range for Policybazaar’s offer will be determined by procedural book-building processes. The corporation has yet to settle on and publicly announce the issue price. 

As soon as we receive price information from a reliable source, we will update the page. 

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 are the issue’s lead managers. They will be the book building issue’s book formulating lead chiefs.

What would be the Grey Market Premium of Policybazaar IPO?

GMP has not yet been declared; however, the price will be updated as soon as we obtain official information from our sources. 

Make sure your notifications are turned on to receive the most up-to-date information from our website.

What will be the release date for Policybazaar IPO?

The Initial Public Offering is expected to be issued soon, though no exact date has been confirmed. After the pandemic situation has settled down, the IPO is scheduled to be issued in 2021. 

However, we will keep you updated as soon as we get more exact information about the date.

How to apply for Policybazaar IPO?

You may now apply for the IPO using the usual IPO application procedure via Zerodha, Upstox, or any other broker; if you don’t know how to apply for an IPO, check our article on ‘Easy Step by Step Guide Apply for IPO in India.’ 

To be honest, obtaining an IPO allotment is like winning the lottery, and everything depends on your luck. If you are fortunate in obtaining an IPO allocation, please read our blog on ‘How to Make Money with IPO in India.’ 

Because IPO applications are subject to a cash block with the bank account, choose the Auto Pay option when completing your UPI ID application.

Apply for Policybazaar IPO Zerodha, Upstox

Conclusion:

For several months, the market has been buzzing about Policybazaar’s initial public offering (IPO). On the day of the IPO’s listing, it is considered as a strong investment opportunity with a high return on investment.

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