The season of IPO’s is here and it is growing at a rapid rate. Already Paytm, Sigachi, and a few other companies have announced their IPO. Policy Bazaar has also entered the race. Recently Policy Bazaar has announced that Policy Bazaar IPO will be out by November. If you are someone who is thinking of investing in the IPO this article is for you. In this article we will tell you everything you need to know about the IPO and if you should invest in it or not. We will also tell you if the investment should be for the long term or the short term. After reading the article you will be able to make the decision of investing in the IPO by yourself. So, without further ado, let’s get right into it.
What is Policy Bazaar
Before we go into the details of Policy Bazaar IPO here are a few details that you should know about the company. PB Fintech is India’s most popular online insurance and loan platform. The business offers easy access to insurance, credit, and other financial services. Its goal is to raise awareness about the financial costs of mortality, sickness, and property damage in India. PB Fintech created Policybazaar in 2008 with the goal of providing more information, choice, and transparency in insurance products to customers. Policybazaar is an online marketplace where customers and insurers may purchase and sell insurance.
As of March 2021, 51 insurer partners on the policy bazaar platform supplied over 340 terms, health, vehicle, house, and travel insurance products. Users may utilize Policybazaar for I pre-purchase research, ii) purchase, which includes application, inspection, medical check-up, and payment; and iii) post-purchase policy administration, which includes claims facilitation, renewals, cancellations, and refunds.
Should you buy Policy Bazaar IPO
The company is planning to use the fund to increase the awareness for Policy bazaar and Paisa bazaar through ads and other services. it will use the money to expand its presence out of India and these things make Policy Bazaar a decent company to buy its IPO.
Crucial Details related to the IPO
| IPO Opening Date | Nov 1, 2021 |
| IPO Closing Date | Nov 3, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹940 to ₹980 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹2 (aggregating up to ₹5,625.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating up to ₹3,750.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹2 (aggregating up to ₹1,875.00 Cr |
Hope we have answered your queries related to Policy Bazaar IPO.
Stay tuned with Global Coverage for more information.
