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 |
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