Policy Bazaar Limited IPO(Policy Bazaar IPO)

Policy Bazaar IPO
Upcoming Policy Bazaar IPO | New Policy Bazaar IPO

Policybazaar, their flagship platform, in 2008 to respond to Consumers’ need for more awareness, choice, and transparency and create a consumer-pull-based, provider-neutral model for insurance distribution.

In 2014, they launched Paisabazaar with the goal to transform how Indians access personal credit by accentuating ease, convenience, and transparency in selecting a variety of personal loans and credit cards.

According to Frost & Sullivan, in Fiscal 2020, Policybazaar was India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold. Furthermore, in Fiscal 2020, 65.3% of all digital insurance sales in India by volume was transacted through Policybazaar.

Their Policybazaar and Paisabazaar platform offerings address the large and highly underpenetrated online insurance and lending markets. They have an asset-light capital strategy and do not underwrite any insurance or retain any credit risk on their books. Policybazaar is registered with and regulated by IRDAI as a direct (life and general) insurance broker.

They have built India’s largest online platform for insurance and lending products leveraging the power of technology, data, and innovation, according to Frost & Sullivan.

They 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 their consumer-centric approach, they seek to enable online research-based purchases of insurance and lending products and increase transparency, which enables consumers to make informed choices.

Policy Bazaar IPO

Competitive Strengths

  • The company has created strong, consumer-friendly brands offering wide choice, transparency and convenience.
  • The company’s proprietary technology stack helps it design user-friendly consumer journeys across all of processes by automating various aspects across the product value chain.
  • It is a collaborative partner for insurer and lending partners.
  • Policybazaar and Paisabazaar platforms have large, efficient and intelligent networks, providing consumers with the ability to browse financial services products offered by 51 insurer partners and 54 lending partners.
  • Its high renewal rates are providing clear visibility into future business and delivering superior economics.
  • Policybazaar and Paisabazaar platforms serve consumers with varied needs, credit profiles, demographics, employment types and income levels. Micro-segmentation has helped grow the product offerings on platforms, streamline transaction processes, deepen partnerships with insurer and lending partners, and offer tailor-made financial services solutions for varied segments.
  • It has capital efficient model with low operating costs.
  • Its founders have a deep understanding of consumers’ pain points and the structural problems in the insurance and financial services industry. They each have almost two decades of experience and commitment to solve those problems, along with a deep understanding of consumer insights and technology.

Company Promoters

The details of the promoters would be shortly updated.

The Promoters of this company are:

  • PROFESSIONALLY MANAGED

Financial Summary

ParticularsFor the year/period ended (₹ in millions)
31 Mar 2131 Mar 2031 Mar 19
Total Assets23,307.2615,759.997,514.48
*Total Revenue9,574.138,555.635,288.07
Total Expense10,993.2711,504.048,662.37
Profit After Tax(1,502.42)(3,040.29)(3,468.11)

Objects Of The Issue:

  • Enhancing visibility and awareness of their brands, including but not limited to “Policybazaar” and “Paisabazaar”;
  • New opportunities to expand their Consumer base including their offline presence;
  • Strategic investments and acquisitions;
  • Expanding their presence outside India; and
  • General corporate purposes.
Policy Bazaar IPO
Object Of The Issue

Policy Bazaar IPO – Tentative Details

IPO Opening Date19 October 2021
IPO Closing Date21 October 2021
Issue TypeBook Built Issue IPO
Issue SizeRs 6,017.5 Crore
Face Value₹2 per equity share
IPO Price[1000] Per Equity Share
Market Lot15 Shares
Min Order Quantity15 Shares
Listing AtBSE, NSE
Total Share Issue
RegisterLinkInTime India Private Ltd

Policy Bazaar IPO – Tentative Timetable

IPO Open Date19 October 2021
IPO Close Date21 October 2021
Basis of Allotment Date
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date

Policy Bazaar IPO – Tentative Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum
Maximum

Company Contact Information

Policybazaar Insurance Brokers Private Limited

Plot No.119, Sector – 44,
Gurgaon, Haryana – 122001

Phone: 0124-4218302
Email: care@policybazaar.com
Websitewww.policybazaar.com

Policy Bazaar IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: policybazaar.ipo@linkintime.co.in
Websitehttp://www.linkintime.co.in

Policy Bazaar IPO Lead Manager(s)

1. Kotak Mahindra Capital Company Limited
2. Morgan Stanley India Company Private Limited
3. Citigroup Global Markets India Private Limited
4. ICICI Securities Limited, HDFC Bank Limited
5. IIFL Securities Limited
6. Jefferies India Private Limited

Policy Bazaar IPO FAQs

When Policy Bazaar IPO will open?

The Policy Bazaar IPO Tentative dates are 19 October 2021 To 21 October 2021.
What is the lot size of Policy Bazaar IPO?

Policy Bazaar IPO lot size and the minimum order quantity is [].
How to apply for Policy Bazaar IPO?

You can apply in Policy Bazaar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Policy Bazaar IPO listing date?

The Policy Bazaar IPO listing date is not announced. The date of Policy Bazaar IPO listing is [].

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