PolicyBazaar IPO GMP - Grey Market Premium Today, Open and closing dates
All Information About PolicyBazaar IPO as on Today - Policy Bazaar IPO GMP (PolicyBazaar Grey Market Premium) Live Data, Kostak rates, and Subject to Sauda rates, Policy Bazaar IPO Review, Strength and Weakness. We will update Gray Market Premium everyday. Policy Bazaar IPO date is officialy announced. Also, all the information related to Policy Bazaar IPO like price band, all dates, issue size and retail portion etc., are given below.
PolicyBazaar IPO
Policybazaar IPO will open on 01 November and close on 03 November 2021. Policy Bazaar IPO price band is ₹940 to ₹980. PBFintech, the parent company of Policybazaar and Paisabazaar, has filed its DRHP ( Draft red herring prospectus ) on 2 august with markets regulator SEBI to raise Rs 6,017 crore through an initial public offering (IPO). Policy Bazaar will raise Rs 6017 crore through Initial Public Offering (IPO). Where Rs 3750 crore will be from fresh issue and the rest ( approx ₹ 2267 crore) will be under OFS (Offer for Sale).
In Policy Bazaar IPO you can apply for 01 to 13 lots under the retail quota. Policy Bazaar IPO will consist of 15 shares in one lot. Policy Bazaar IPO will be listed on NSE and BSE on 15th November 2021.
What is PolicyBazaar IPO GMP Today?
Policy Bazaar IPO GMP is ₹90 as of today.
What is PolicyBazaar IPO Kostak Rates Today?
Policy Bazaar IPO Kostak Rates is ₹300.
What are PolicyBazaar IPO Expected Returns (in %)?
Policy Bazaar IPO Expected Returns is 20%.
About PolicyBazaar
PB Fintech is the parent company of Policybazaar and Paisabazaar and they are one of the largest online insurance platforms. Policybazaar and Paisabazaar are platforms that provide large and high-end online insurance and lending facilities.
Policy Bazar Company was started in 2008 as "Atecase Marketing & Consulting Private Limited" by which one can compare insurance policies and buy the best insurance. Later its name was changed to "PB Fintech Pvt Ltd". Now they are an Indian insurance aggregator and a multinational financial technology company. Policy Bazaar was started in June 2008 by Yashish Dahiya, Alok Bansal, and Avnish Nirjar. Today PB Fintech is a Big Player in the Online Insurance Sector.
Earlier Policybazaar was a policy price comparison website but later it shifted to an insurance sales operation company. PB fintech claims to process almost 25% more of India's life insurance. In today's situation, the company offers a variety of insurance plans such as life insurance, vehicle insurance (motor insurance), health insurance, travel insurance along many more group plans.
Policybazaar has tied up with many insurance companies to provide direct information from the insurance companies like price, benefits, insurance cover, etc. Through the Policy Bazaar app or website, the user can compare and buy insurance policies, insurance covers, benefits from insurance providers. Policybazaar offers the following types of insurance facilities:
Car Insurance, Health Insurance, Life Insurance, Corporate Insurance and Travel Insurance, etc.
Official Website: Policy Bazaar
Policy Bazaar GMP Today (Grey Market Premium)
| DATE | GMP | COSTAK | Subject to Sauda |
|---|---|---|---|
| 11 November | ₹60 | ₹300 | ₹1500 |
| 10 November | ₹90 | ₹300 | ₹1500 |
| 09 November | ₹90 | ₹300 | ₹1500 |
| 08 November | ₹90 | ₹300 | ₹1500 |
| 07 November | ₹90 | ₹300 | ₹1500 |
| 06 November | ₹90 | ₹300 | ₹1500 |
| 05 November | ₹80 | ₹300 | ₹1500 |
| 04 November | ₹80 | ₹300 | ₹1500 |
| 03 November | ₹100 | ₹300 | ₹1500 |
| 02 November | ₹100 | ₹300 | ₹1500 |
| 01 November | ₹150 | ₹300 | ₹2000 |
| 31 October | ₹150 | ₹300 | ₹2000 |
| 30 October | ₹150 | ₹300 | ₹2000 |
| 29 October | ₹180 | ₹300 | ₹2000 |
| 28 October | ₹190 | ₹300 | ₹2000 |
| 27 October | ₹220 | ₹400 | ₹3000 |
| 26 October | ₹220 | ₹400 | ₹3000 |
| 25 October | ₹220 | ₹400 | ₹3000 |
| 24 October | ₹250 | ₹400 | ₹3000 |
| 23 October | ₹250 | ₹400 | ₹3000 |
| 22 October | ₹250 | ₹400 | ₹3000 |
| 21 October | ₹200 | ₹300 | ₹3000 |
| 20 October | ₹250 | ₹300 | ₹3000 |
| 19 October | ₹250 | ₹300 | ₹3000 |
| 18 October | ₹250 | ₹300 | ₹3000 |
| 17 October | ₹200 | ₹200 | ₹2000 |
| 16 October | ₹200 | ₹200 | ₹2000 |
| 15 October | ₹250 | ₹400 | ₹3000 |
| 14 October | ₹200 | ₹200 | ₹2000 |
| 13 October | ₹200 | ₹200 | ₹2000 |
| 12 October | ₹250 | ₹300 | ₹2500 |
| 11 October | ₹300 | ₹300 | ₹3000 |
Policy Bazaar IPO Date and Price Band Details
PolicyBazaar IPO opening date: 01 November 2021, Closing date: 03 November 2021, and Listing date is: 15 November 2021. The price band of PolicyBazaar IPO is ₹940 to ₹980 per share. Policy Bazaar IPO issue size is Rs 6017 crore, Where Rs 3750 crore will be from fresh issues and the rest ( approx ₹ 2267 crore) will be under Offer for Sale.
| IPO Open: | 01 November 2021 |
| IPO Close: | 02 November 2021 |
| Listing Date: | 03 November 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹6017 Crores |
| Fresh Issue: | Approx ₹3750 Crores |
| Offer For Sale: | Approx ₹2267.50 Crores |
| Price Band: | ₹940 to ₹980 per share |
| Face Value: | ₹2 per Equity share |
| PE: | -- |
| Book Build: | Shares |
| Retail Portion: | 10% |
Policy Bazaar IPO Market Lot & Size
PolicyBazaar IPO minimum lot size is 01 shares with ₹14,700 application amount and maximum lot size is 195 shares with ₹191,100 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 15 Shares |
| Minimum Amount: | 14,700 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 195 Shares |
| Maximum Amount: | ₹191,100 |
Policy Bazaar IPO Open, Allotment & Listing Date
| Ipo Opening Date: | 01 November 2021 |
| IPO Closing Date: | 03 November 2021 |
| Basis of Allotment: | 10 November 2021 |
| Refund Date: | 11 November 2021 |
| Credit to Demat Account: | 12 November 2021 |
| Listing Date: | 15 November 2021 |
Policy Bazaar IPO Review
Anil Singhvi Review: To be updated.
Brokerage Firm IPO Reviews
- Motilal Oswal: To be updated
- ICICI Securities: To be updated
- Capital Market: To be updated
- Ventura Securities Limited: To be updated
- GEPL Capital Ltd: To be updated soon
! Note:- Rated by Happiest Post
Policy Bazaar Ipo Review
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has a presence in online markets. Transactions can also be done through the company's website.
- PolicyBazaar’s insurance reported a 66% increase in revenue from ₹310.3 Crore in FY2019 to ₹515 Crore in FY2020 which is a good indication.
- The company's business model is scalable and profitable, which is a good signal for the future of the company.
- The company has a wide range of insurance facilities like Car Insurance, Health Insurance, Life Insurance, Travel Insurance, and Corporate Insurance, etc.
weakness
- Looking at the price of the company, it seems that the valuation of the company is on the higher side.
- The company's expenditure reached ₹1150 crore, of which the cost of advertising was 38%, which is high.
- The company has suffered a lot due to Covid-19.
Policy Bazaar Financials
Policy Bazaar Financials (in Crores)
| Year | Total Assets | Total Revenue | PAT |
|---|---|---|---|
| 2019 | ₹751 | ₹528 | -₹346 |
| 2020 | ₹1575 | ₹855 | -₹304 |
| 2021 | ₹2330 | ₹957 | -₹150 |
Investors
- Info Edge (India) Limited
- Inventus Capital Partners
- Premji Invest
- Tiger Global Management
- True North traces
- SoftBank Group
- Wellington Management Company
- Temasek Holdings
FAQs About Policy Bazaar Ipo
What is the Policy Bazaar IPO opening date?
Policy Bazaar IPO opening date is 01 November 2021.
What is Policy Bazaar IPO GMP Today?
Policy Bazaar IPO GMP is ₹900 as of today.
How much is Policy Bazaar IPO Kostak Rate Today?
Policy Bazaar IPO Kostak Rate is ₹300 as of today.
What is the Policy Bazaar IPO Closing date?
Policy Bazaar IPO Closing date is 03 November 2021.
What is the Policy Bazaar IPO allotment date?
Policy Bazaar IPO allotment date is 10 November 2021.
What is the Policy Bazaar IPO listing date?
Policy Bazaar IPO listing date is 15 November 2021.
What is the Policy Bazaar IPO Price band?
Policy Bazaar IPO price band is ₹940 to ₹980.
What is Policy Bazaar IPO Subject to Sauda Today?
Policy Bazaar IPO Subject to Sauda is ₹3000 as of today.
What is Policy Bazaar IPO Expected Returns after Listing?
Policy Bazaar IPO Expected Returns is 20%.
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the PolicyBazaar IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a pc user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO Name "PolicyBazaar".
4. Then, Click on Bid Button.
5. Then, Enter your right UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose a cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
!Note:- Policybazaar IPO official details not yet announced. We will update you as and when the final details of Policybazaar IPO are announced. As of today, the IPO Grey Market Premium (PolicyBazaar IPO GMP) has started. You can visit our page for daily Policybazaar IPO premium updates.
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