PolicyBazaar IPO - Grey Market, GMP & Reviews

IPO Details

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 N/A
Listing Gain% N/A

About PolicyBazaar Fintech Limited

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.

Company Promoters

Company Financials

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

Grey Market Premium Updates

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

Strengths & Weaknesses

Strength
Weakness

PolicyBazaar Fintech Limited IPO Reviews

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Subscription Details

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

Allotment Status

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IPO Allotment Status

PolicyBazaar Fintech Limited IPO FAQs

  1. When will PolicyBazaar Fintech Limited IPO open?

    PolicyBazaar Fintech Limited IPO will open on 01 Nov 2021 and close on 03 Nov 2021.

  2. What is the listing date of PolicyBazaar Fintech Limited IPO?

    PolicyBazaar Fintech Limited IPO will list on 15 Nov 2021.

  3. What is the offer price of PolicyBazaar Fintech Limited IPO?

    The offer price of PolicyBazaar Fintech Limited IPO is ₹940-980.

  4. What is the lot size of PolicyBazaar Fintech Limited IPO?

    The lot size of PolicyBazaar Fintech Limited IPO is 15.

  5. What is the Grey Market Premium (GMP) price of PolicyBazaar Fintech Limited IPO?

    The Grey Market Premium (GMP) price of PolicyBazaar Fintech Limited IPO is ₹85-90.

  6. What is the Kostak price of PolicyBazaar Fintech Limited IPO?

    The Kostak price of PolicyBazaar Fintech Limited IPO is ₹350.

  7. What is the Subject to Sauda price for PolicyBazaar Fintech Limited IPO?

    The Subject to Sauda price for PolicyBazaar Fintech Limited IPO is ₹1200.

PolicyBazaar Fintech Limited IPO Review/Comments

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