{"id":17504,"date":"2021-10-30T10:06:06","date_gmt":"2021-10-30T04:36:06","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=17504"},"modified":"2021-11-08T14:35:58","modified_gmt":"2021-11-08T09:05:58","slug":"policybazaar-ipo-review","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/policybazaar-ipo-review\/","title":{"rendered":"PolicyBazaar IPO Review: Taking advantage of Platform boom, high risk high return?"},"content":{"rendered":"
\n

PolicyBazaar IPO Details:<\/h2>\n

IPO Date:\u00a0<\/strong>Nov\u20191st<\/sup> to Nov\u20193rd<\/sup> 2021<\/p>\n

\u00adTotal Shares for subscription:\u00a0<\/strong>~5.74 Cr<\/p>\n

IPO Size:\u00a0<\/strong>~Rs. 5,625 Cr<\/p>\n

Lot Size:\u00a0<\/strong>15 shares<\/p>\n

Price Band:\u00a0<\/strong>Rs. 940-980\/ share<\/p>\n

Market Capitalization:\u00a0<\/strong>~44000 Cr<\/p>\n

Recommendation:<\/strong>\u00a0Subscribe for risk takers<\/strong><\/span><\/p>\n<\/div>\n

Proceeds of the offer:<\/h2>\n

The net proceeds from the IPO will be paid out to existing shareholders up to Rs. 1,950 Cr and the remaining towards the following:<\/p>\n

    \n
  1. For enhancing visibility and awareness of the company\u2019s brands- \u201cPolicybazaar\u201d and \u201cPaisabazaar\u201d – Rs.1,500 Cr;<\/li>\n
  2. New opportunities to expand the company\u2019s consumer base including offline presence – Rs.375 Cr<\/li>\n
  3. Funding strategic investments and acquisitions – Rs.600 Cr;<\/li>\n
  4. Expanding presence outside India – Rs.375 Cr and<\/li>\n
  5. General corporate purposes.<\/li>\n<\/ol>\n

    About the PB Fintech Ltd<\/h2>\n

    PB Fintech<\/strong><\/a> is India’s leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage. Its brand Policybazaar.com is widely known.<\/p>\n

    Policybazaar was launched by PB Fintech in 2008 with an aim to cater to consumers who need more information, choice, and transparency in insurance policies. Policybazaar is an online platform for consumers and insurer partners to buy and sell insurance products. 51 insurer partners offered over 340 terms, health, motor, home, and travel insurance products on the policy bazaar platform, as of March 2021.<\/p>\n

    PB Fintech also launched Paisabazaar in 2014 intending to provide ease, convenience, and transparency in selecting a variety of personal loans and credit cards for the consumers.<\/p>\n

    \"pb<\/a><\/p>\n

    Click here for 10 year X-ray<\/a><\/p>\n

    Offerings of the PB Fintech Ltd<\/h3>\n

    The insurance business forms a dominant part of the business. 68% of the revenue comes from Insurance web aggregator services.<\/p>\n

    \"policy<\/a><\/p>\n

    Policybazaar offers its users with<\/strong><\/p>\n