PB Fintech Limited (Policybazaar Paisabazaar) IPO open on 1st November, 2021 and it will close on 3rd November, 2021 as per the Red Herring Prospectus (RHP).
About the PB Fintech Limited
The Company was incorporated as ‘ETECHACES Marketing and Consulting Private Limited’, a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana, at New Delhi (“RoC”) on June 4, 2008. Subsequently, the name of the Company was changed to ‘PB Fintech Private Limited’, pursuant to a fresh certificate of incorporation issued by the RoC on September 18, 2020. Upon the conversion of the Company to a public limited company pursuant to a resolution passed by the shareholders on June 19, 2021, the name of the Company changed to ‘PB Fintech Limited’ and a fresh certificate of incorporation dated June 30, 2021 was issued by the RoC.
India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation, according to Frost & Sullivan.
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.
Policybazaar was India’s largest digital insurance marketplace among all online insurance distributors with 93.4% market share based on number of policies sold.
In 2014, Paisabazaar was launched 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, Paisabazaar was India’s largest digital consumer credit marketplace with a 53.7% market share, based on disbursals in Fiscal 2021.
Registered and Corporate Office: Plot No. 119, Sector 44 Gurgaon, Haryana 122 001, India
Contact Person: Bhasker Joshi, Company Secretary and Compliance Officer; Telephone: +91 124 456 2907
E-mail: investor.relations@pbfintech.in Website: http://www.pbfintech.in
PB Fintech (Policybazaar)IPO – Promoters
A PROFESSIONALLY MANAGED COMPANY AND DOES NOT HAVE AN IDENTIFIABLE PROMOTER
PB Fintech (Policybazaar)IPO – COMPANY FINANCIALS
Summary of Restated Consolidated Financial Information
For the year/period ended ( ₹ in millions)
| Particulars | |||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Revenue | 9,574.13 | 8,555.63 | 5,288.07 |
| Profit After Tax | (1,502.42) | (3,040.29) | (3,468.11) |
| Total Asset | 23,307.26 | 15,759.99 | 7,514.48 |
Policybazaar IPO Date and Price Band
| Issue Open Date | 1st November 2021 |
| Issue Close Date | 3rd November 2021 |
| Issue Type | Book Built Issue |
| Face Value | ₹ 2 per equity share |
| IPO/Issue Price | ₹ 940 to 980 per equity share |
| Market Lot | 15 Shares |
| Min Order Quantity | 15 Shares |
| Listing At | BSE, NSE |
Policybazaar IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
IPO Listing Date
Policybazaar Prospectus (RHP)
Policybazaar IPO Issue Objects
1. Enhancing visibility and awareness of our brands, including but not limited to “Policybazaar” and “Paisabazaar”;
2. New opportunities to expand our Consumer base including our offline presence;
3. Strategic investments and acquisitions;
4. Expanding our presence outside India; and
5. General corporate purposes.
Policybazaar IPO Lead Managers
1. Kotak Mahindra Capital Company Limited
2. HDFC Bank Limited
3.Morgan Stanley India Company Private Limited
4. IIFL Securities Limited
5. Citigroup Global Markets India Private Limited
6. Jefferies India Private Limited
7. ICICI Securities Limited
Policybazaar IPO Registrar
Link Intime India Private Limited
C 101, 247 Park
L.B.S. Marg
Vikhroli (West)
Mumbai 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: policybazaar.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance
E-mail: policybazaar.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Policybazaar IPO FAQs
What is Policybazaar IPO?
Policybazaar is a main-board IPO. The issue is priced at ₹ 940 to ₹ 980 per equity shares. Maximum Subscription Amount for Retail Investor ₹ 2,00,000
OPEN: 1st November 2021
CLOSE: 3rd November 2021
When the Policybazaar IPO will Open?
The Policybazaar IPO Opens on 1 November 2021.
When the Policybazaar IPO will Close?
The Policybazaar IPO will close on 3 November 2021
What is Policybazaar IPO Price Band?
The Policybazaar IPO Price Band is ₹ 940 to ₹ 980 per equity share
What is Policybazaar IPO Allotment Date?
The Policybazaar IPO allotment date is 10th November 2021.
What is the Policybazaar IPO Listing Date?
The Policybazaar IPO Listing Date is 15th November 2021.
What is the Minimum lot size of Policybazaar IPO?
The minimum bid is 15 Shares.
Who is the Registrar of Policybazaar IPO?
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