| Issue Date | 01 Nov 2021 - 03 Nov 2021 |
| Issue Size | ₹1875.00 Cr |
| Issue Price | ₹940-980 |
| Market Lot | 15 Shares |
| Shares on Offer | |
| Registrar | Link Intime |
| GMP | ₹85-90 |
| Kostak | ₹350 |
| Subject to Sauda | ₹1200 |
| Listing Date | 15 Nov 2021 |
| Listing Price | ₹1150 |
| Listing Gain% | 17.34 |
Back in 2008, insurance customers in India were facing a tough time. There was lack of information on products, transparency was missing, mis-selling was rampant, there was a high lapse rate of insurance policies and consumers felt a general apathy towards the insurance industry. Insurance companies made profits from policy surrender charges and the entire industry was mired in murkiness.
That is when a small bunch of people, with no insurance experience, started re-imagining what the insurance space could be. They imagined a place where consumers could find completely transparent insurance information, and an option to research and compare insurance products so they could buy what they really wanted to. A place where all communications would be recorded so that there would be a clear audit trail of who said what in a product as complex as insurance. A place that provided a common service layer for all consumer services and claims.
Policybazaar.com is now India’s foremost insurance aggregator and a leading fintech player globally. The objective is the same even today -- Customer First and Sustained Profitability for the entire insurance ecosystem.
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 23,307.26 | 15,759.99 | 7,514.48 |
| Total Revenue (In ₹ Millions) | 9,574.13 | 8,555.63 | 5,288.07 |
| Profit After Tax (PAT) (In ₹ Millions) | -1,502.42 | -3,040.29 | -3,468.11 |
| Date | GMP | Kostak | Subject to Sauda |
|---|---|---|---|
| 28 Oct 2021 | ₹160-170 | ₹325 | ₹1500 |
| 29 Oct 2021 | ₹165-170 | ₹325 | ₹1800 |
| 01 Nov 2021 | ₹150-155 | ₹350 | ₹1800-2000 |
| 03 Nov 2021 | ₹105-110 | ₹325 | ₹1300 |
| 08 Nov 2021 | ₹85-90 | ₹350 | ₹1200 |
| Strength |
|---|
| Weakness |
|---|
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 01 Nov 2021 | 0.56 | 0.06 | 1.18 | 0.54 |
| Day 2 - 02 Nov 2021 | 2.08 | 0.23 | 2.04 | 1.59 |
| Day 3 - 03 Nov 2021 | 24.89 | 7.82 | 3.31 | 16.59 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusPolicyBazaar Fintech Limited IPO will open on 01 Nov 2021 and close on 03 Nov 2021.
PolicyBazaar Fintech Limited IPO will list on 15 Nov 2021.
The offer price of PolicyBazaar Fintech Limited IPO is ₹940-980.
The lot size of PolicyBazaar Fintech Limited IPO is 15.
The Grey Market Premium (GMP) price of PolicyBazaar Fintech Limited IPO is ₹85-90.
The Kostak price of PolicyBazaar Fintech Limited IPO is ₹350.
The Subject to Sauda price for PolicyBazaar Fintech Limited IPO is ₹1200.
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