PolicyBazaar IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The PB Fintech IPO aka Policybazaar IPO will hit the market soon, and you can apply for the IPO from 1st November to 3rd November 2021. Policybazaar is planning to raise ₹5,625 Crores through an IPO which consists of a fresh issue of ₹3,750 Crores worth equity and OFS (Offer For Sale) of ₹1,875 Crores by existing shareholders. 

The company started as Etechaces Marketing and Consulting Pvt. Ltd. in 2008 and later on in 2020 named PB Fintech. Policybazaar and Paisabazaar are the child companies of PB Fintech. They are one of the leading insurance and money lending platforms.

Policybazaar is a platform for consumers and insurance companies to buy and sell insurance products. 51 insurance partners are affiliated with policybazaar till now. Policybazaar offers three main services to consumers – 

  1. Pre-purchase research according to the needs of consumers. 
  2. Purchase including applications, medical inspection and payment. 
  3. Post purchase policy management, claim settlement, etc.

PolicyBazaar IPO Dates & Price Band:

Open date1st November 2021
Close date3rd November 2021
Total Size of IPO₹5,625 Cr.
Fresh Issue 3,750 Cr.
Offer for Sale₹1,875 Cr
Price Band₹940- ₹980
Face Value₹2 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

PolicyBazaar IPO Market Lot:

The minimum market lot of PolicyBazaar IPO is 15 shares with 14,700 applications. Retail investors can apply for 13 lots with 195 shares application worth191,100.

ApplicationLotSharesCut Off Amount
Minimum (RII)11514,700
Maximum (NII)13195191,100

Objectives of Offer- 

  • Funding operational expenses of the company.
  • To meet general corporate purposes.

Should you subscribe to PolicyBazaar IPO?

We have researched and mentioned the strengths and risks of the PolicyBazaar IPO. The final verdict will help you make the right decision.

Strength – 

  • Wide choice and transparency to the consumers to research and select best insurance and credit products. 
  • Network effects between Policy Bazaar and Paisa Bazaar.
  • Collaborative partnerships with 51 partners in the insurance segment.
  • High Renewal rates.

Risks – 

  • Never achieved profitability till now.

Honest Reviews – 

PB Fintech, the parent company of Policybazaar and Paisabazaar looks attractive in terms of ideation. The company has not achieved profitability since its incorporation. We would like to keep this stock on the radar, once the company shows profitability we would like to analyze it again through our investment parameters.

Investors can invest for the listing gains in the PolicyBazaar IPO. It’s early to predict but PolicyBazaar IPO can give great listing gains by seeing its grey market premium. You can keep a track of PolicyBazaar IPO GMP here.

PolicyBazaar IPO Allotment & Listing Dates:

PolicyBazaar IPO’s open date is 1st November and the closing date is 3rd November. Allotment of shares will be done on 10th November and the listing date on NSE & BSE is 15th November 2021.

Allotment Date for PolicyBazaar – 10th November 2021
Refund Date for PolicyBazaar – 11th November 2021
Credit of Shares to Demat Account – 12th November 2021
Listing Date for PolicyBazaar – 15th November 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of PolicyBazaar IPO:

The financials of PolicyBazaar are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
2019529866– 337.0
2020 855 1159294.47
2021 9561099– 141.70

PolicyBazaar IPO Registrar

Link Intime India Private Limited  
C 101, 247 Park, L.B.S Marg,
Vikhroli (West) , Mumbai 400 083  
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in

Company Address

PB Fintech Limited
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: [email protected]
Website: www.pbfintech.in

PolicyBazaar IPO FAQs –


When will PolicyBazaar IPO open for Investors?

PolicyBazaar IPO will open on 1st November 2021 and will close on 3rd November 2021.

What is PolicyBazaar IPO Retail Portion?

The portion allocated for retail investors in PolicyBazaar IPO is 10%

How to apply for PolicyBazaar IPO?

You can apply PolicyBazaar IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in PolicyBazaar IPO?

PB Fintech, the parent company of Policybazaar and Paisabazaar looks attractive in terms of ideation. The company has not achieved profitability since its incorporation. We would like to keep this stock on the radar, once the company shows profitability we would like to analyze it again through our investment parameters.

What is the allotment date for PolicyBazaar shares?

10th November 2021 is the allotment date forPolicyBazaar shares.

What is the listing date for PolicyBazaar IPO?

15th November 2021 is the listing date forPolicyBazaar. It will be listed on NSE and BSE.

What is the cutoff price for PolicyBazaar IPO?

The cutoff price for PolicyBazaar IPO is ₹980 per share.

Will PolicyBazaar IPO give listing gains?

Investors can invest for the listing gains in the PolicyBazaar IPO. It’s early to predict but PolicyBazaar IPO can give great listing gains by seeing its grey market premium. You can keep a track of  PolicyBazaar IPO GMP here.

How to Apply the PolicyBazaar IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “PolicyBazaar Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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