Policybazzar IPO Details with Share Price Range and Issue Size | Motilal Oswal
Policybazzar IPO Details with Share Price Range and Issue Size | Motilal Oswal

Policybazaar IPO

Opening Date

November 1, 2021

Closing Date

November 3, 2021

Face Value

Rs 2 per equity share

IPO Price Band 

₹940 to ₹980 per equity share

Minimum Order Quantity

15

Issue Size 

Rs 5,625.00 Crs

 

With the Sensex marching to new record highs and creating a positive market environment, October is likely to be a busy month for upcoming IPOs. PB Fintech, the operator of India’s largest online insurance aggregator Policybazaar, is looking at being listed in the Indian stock market this month.

  • About the company

 PB Fintech has built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. The company launched Policybazaar in 2008 to respond to consumers’ need for more awareness, choice and transparency and provide a neutral model for insurance distribution.

In 2014, it launched Paisabazaar with the goal to transform how we access personal credit.

The platforms facilitate insurer and lending partners in the financial services industry to innovate and design customized products for consumers leveraging its extensive data insights and data analytics capabilities.

  • Policybazaar IPO date

The company has declared to go live with its IPO starting from November 1, 2021 and will be available for subscription until November 3, 2021.

  • Policybazaar IPO issue size  

The issue size of the IPO is declared to be Rs 5,625 crores.  The issue size will combine a fresh issue of Rs.3,750 crores and an offer for sale of Rs. 2,267.5 crores.

  • Policybazaar share price

The price band that is declared for the IPO investment stands at Rs 940 to Rs 980 per equity share, with a minimum quantity of 15 shares.

  • Policybazaar IPO listing

Since the IPO of PolicyBazaar is from the main board, it would be listed on both the National Stock Exchange as well as the Bombay Stock Exchange.

  • Policybazaar IPO objectives

The objective is to utilize the fresh issue proceeds, after deducting the offer related expenses, for enhancing visibility and awareness of brands, new opportunities to expand consumer base including offline presence, strategic investments and acquisitions, expanding presence outside India and general corporate purposes.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

 

 

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