PB Fintech Limited aka PolicyBazaar IPO date announced, the Policybazaar IPO to hit the market on November 01 and will close on November 03, 2021. The IPO to raise Rs.6017.5 crores. PaisaBazaar and PolicyBazaar are the part of PB Fintech. The price band is fixed at Rs.940 to Rs.980.
PolicyBazaar IPO is around the corner and we might see it in coming weeks. The company to raise Rs.6017.5 crores via IPO that comprises Rs.3750 crore of fresh issue and offer for sale up to Rs.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.
PolicyBazaar IPO Date & Price Band
| IPO Open: | 01 November 2021 |
| IPO Close: | 03 November 2021 |
| IPO Size: | Approx Rs.6017.50 Crores |
| Fresh Issue: | Approx Rs.3750 Crores |
| Offer for Sale: | Approx Rs.2267.50 Crores |
| Face Value: | Rs.2 Per Equity Share |
| Price Band: | Rs.940 to Rs.980 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 10% |
| Discount: | N/A |
PolicyBazaar IPO Market Lot
The PolicyBazaar IPO minimum market lot is 15 shares with Rs.14,700 application amount. The retail investors can apply up-to 13 lots, 195 shares with Rs.191,100 application amount.
| Minimum Lot Size: | Minimum 15 Shares |
| Minimum Amount: | Rs.14,700 |
| Maximum Lot Size: | Maximum 195 Shares |
| Maximum Amount: | Rs.191,100 |
PolicyBazaar IPO Date, Time Table, Allotment & Listing
The PolicyBazaar IPO date is 01 November 2021 and the IPO close date is 03 November 2021. The allotment date is 10 November 2021 and the IPO may list on 15 November 2021.
| Price Band Announcement: | 26 October 2021 |
| Anchor Investors Allotment: | 29 October 2021 |
| IPO Open Date: | 01 November 2021 |
| IPO Close Date: | 03 November 2021 |
| Basis of Allotment: | 10 November 2021 |
| Refunds: | 11 November 2021 |
| Credit to Demat Account: | 12 November 2021 |
| IPO Listing Date: | 15 November 2021 |
PolicyBazaar Company Financial Report
| Rs. in Crores | |||||
| Income | Expense | PAT | |||
| 2018 | Rs.- | Rs.- | Rs.- | ||
| 2019 | Rs.529 | Rs.866 | -Rs.337.42 | ||
| 2020 | Rs.856 | Rs.1150 | -Rs.294.84 | ||
| 2021 | Rs.957 | Rs.1099 | -Rs.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.
PolicyBazaar IPO Registrar
Link Intime India Private LimitedC 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
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 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 LimitedCorporate 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
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