PB Fintech Ltd-Policy Bazaar IPO

 

PolicyBazaar IPO

PolicyBazaar is a leading insurance aggregator that started in 2008. When it started its journey, the portal was one of a kind as it pioneered transparency and flexibility in selecting insurance policies. Presently, there are 35 insurance companies on the platform, offering a slew of policies.

Policy Bazaar IPO Objectives

- Meet general corporate expenses
- Invest in the overseas business present in the UAE

Policy Bazaar IPO - Details

PB Fintech, Policy Bazaar's parent company, has passed a resolution in favor of an initial public offering, for which it will file papers by July’s end. Following their application, they will need approval from SEBI and IRDAI. Since the insurance sector is highly regulated, this approval will take some time.

Accordingly, the aggregator plans to release its IPO by the end of this year. Moreover, PB Fintech converted into a public limited company ahead of the Policy Bazaar IPO. Apart from these, for regular updates regarding the Policy Bazaar IPO, refer to the following section.

We will keep updating it as relevant information comes along.

Opening Date: Nov 1, 2021

Closing Date: Nov 3, 2021

Price Band: ₹ 940 to ₹ 980 per equity share

Issue Size: ₹ 6,017.50 Cr

Face Value: ₹ 2 per equity share

Market Lot: 15 Shares

Listing at NSE, BSE

Policy Bazaar IPO Important Dates

IPO Open Date	Nov 1, 2021
IPO Close Date	Nov 3, 2021
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

 

Why Should You Invest in Policy Bazaar IPO?

Here are some reasons why the Policy Bazaar IPO can be a lucrative investment decision for many –

1. Policy Bazaar has a wide customer base in India. According to company reports, they account for almost 25% of India’s term policy sales.
2. The company also receives more than 100 million viewers every year, and they sell about 4 lakh policies monthly through their platform.
3. The company has recently received its IRDAI license, which will help it expand its scope of operations.
4. Policy Bazaar recently received a round of $75 million funding, which they plan to invest in their UAE operations.
5. The company’s UAE wing intends to nudge the sum assured figure via term insurance policies to $1 billion.

How to apply for Policy Bazaar IPO?

You can apply for the Policy Bazaar IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Policy Bazaar IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

If you’re a new investor open demat account for free with Angel One using link https://tinyurl.com/k79bdf4z to begin your investment journey.