PB Fintech Limited IPO (PolicyBazaar IPO)- November 1, 2021

PB Fintech Limited IPO (PolicyBazaar IPO)- November 1, 2021

Company Background
PB Fintech Ltd, operates online insurance platform Policybazaar and credit comparison portal Paisabazaar. The company aimed at catering to consumers who need more information, choice, and transparency in insurance policies. It is an online platform for consumers and insurer partners to buy and sell insurance products. .
Business Information
Policybazaar offers its users with i) pre-purchase research, ii) purchase, including application, inspection, medical check-up, and payment; and iii) post-purchase policy management, including claims facilitation, renewals, cancellations, and refunds. The company's technology solutions are focused on automation and self-service-driven consumer experiences requiring minimal human intervention. According to Frost & Sullivan, we have a 93.4% market share based on the number of policies sold and 65.3% of all digital insurance sales in India by volume was transacted through us. (FY20)
Facts about the company
  • The company hosted over 126 million visits a year to their platform seeking information on insurance. That is almost 5 times the population of Australia!
  • Kotak Mahindra Capital, Morgan Stanley, Citigroup Global Markets India, ICICI Securities, HDFC Bank Ltd, IIFL Securities and Jefferies India are the book running lead managers to the issue.
  • Company aisms healthy and well-protected India
  • Belives in fairness to all our stakeholders
Points to note before investing in Policybazaar IPO
  • Providing a wide choice and transparency to customers to research and select insurance and personal credit product
  • Strong, consumer friendly brands that offer a wide choice, transperancy and convenience to users.
  • A capital efficient model with low operating costs 
  • Company has history of losses and an anticipated increase in expense in the future.
  • Collaborative partnership with various companies for insurance and lending products.
 

IPO Opening Date
Nov 1, 2021
IPO Closing Date
Nov 3, 2021
Issue Type
Book Built Issue IPO
Face Value
₹2 per equity share
IPO Price
₹940 to ₹980 per equity share
Market Lot
15 Shares
Min Order Quantity
15 Shares
Listing At
BSE, NSE
 
Allotment, Listing and Refunds details
 
Basis of Allotment Date
Nov 10, 2021
Initiation of Refunds
Nov 11, 2021
Credit of Shares to Demat Account
Nov 12, 2021
IPO Listing Date
Nov 15, 2021
 
 
Know more-  www.5paisa.com/ipo
 
To apply from 5paisa Website- Apply IPO
 
To apply from 5paisa Mobile App- Apply IPO
 
We hope this information was helpful. For more details, you can post your queries below and we will be happy to share them with you.
 
Thank You!