Insights

Should You Invest in PolicyBazaar IPO?

November 1, 2021 . Manas muraleedharan

Everyone is aware of the leading online insurance platform in our country – PolicyBazaar. Its IPO is opening on Nov 1, 2021

Let us all look into a few points that help us answer the question ‘Why should you invest in PolicyBazaar”?

  • PolicyBazaar is the leading online insurance platform in India. 
  • It helped the users to compare the price of various policies initially but then due to lack of transparency and misled data regarding the insurance policies, the platform switched its operations to an insurance-providing platform.
  • It provides life insurance, health insurance, vehicle insurance, group insurance, travel insurance, etc. 
  • It provides more than 250 insurance policies and offers more than 50 insurance brands on its platform. 
  • It has extended its operations to the United Arab Emirates(UAE).
  • Recipient of accolades and awards such as Best insurtech of the year(2021), FE Best bank award-Fintech category(2020), Insurtech of the year(2019), Economic times best brand awards(BFSI)-Insurtech(2018), etc

Competitive Advantages:

  • Transparent and consumer-friendly platform
  • Occupies 50% of the market share in the online insurance space
  • India’s second Fintech company to enter the Unicorn club

Company Financials:

IPO Details:

IPO DateNov 1, 2021 – Nov 3, 2021
Issue TypeBook Built Issue IPO
Issue SizeEquity Shares of ₹ 2 (aggregating up to ₹6,017.50 Cr)
Offer for SaleEquity Shares of ₹ 2 (aggregating up to ₹3,750.00 Cr)
Face ValueEquity Shares of ₹ 2 (aggregating up to ₹2,267.50 Cr)
IPO Price₹ 2 per equity share
Market Lot₹ 940 to ₹ 980 per equity share
Min Order Quantity15  Shares
Listing At15 Shares
ApplicationLotsSharesAmount (Cut-off)
Minimum115₹14,700 
Maximum13195₹ 191,100

So, why are you waiting?

Invest in one of the top fintech players in the globe and enhance your portfolio

To know how to buy an IPO, click here

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