Back in 2008, insurance customers in India were facing a tough time. There was a lack of information on products, transparency was missing, mis-spelling was rampant, there was a high lapse rate of insurance policies and consumers felt a general apathy towards the insurance industry. Insurance companies made profits from policy surrender charges and the entire industry was mired in murkiness.
That is when a small bunch of people, with no insurance experience, started re-imagining what the insurance space could be. They imagined a place where consumers could find completely transparent insurance information, and an option to research and compare insurance products, so they could buy what they really wanted to. A place where all communications would be recorded so that there would be a clear audit trail of who said what in a product as complex as insurance. A place that provided a common service layer for all consumer services and claims.
With this grand ambition as their life goal, this motley crew of people started their journey into what is now Policybazaar.com.
Policybazaar.com is now India’s foremost insurance aggregator and a leading fintech player globally. The objective is the same even today — Customer First and Sustained Profitability for the entire insurance ecosystem.
It’s a fine balancing act when our customers transact a few lac crores of insurance cover and a few thousand crores of insurance premium with 50+ insurers through our platform.
Competitive Strengths
- Providing a wide choice and transparency to customers to research and select insurance and personal credit products.
- Proprietary Technology helps in superior data intelligence and customer service.
- Collaborative partnership with various companies for insurance and lending products.
- Strong network effects for Policybazaar and Paisabazaar platforms.
- High renewal rates.
- Capital efficient model with low operating costs.
- Experienced Founders and management.
PB Fintech Limited IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 01 Nov 2021 |
| IPO Close Date | 03 Nov 2021 |
| Allotment Date | 10 Nov 2021 |
| IPO Listing Date | 15 Nov 2021 |
PB Fintech Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 940 to Rs. 980 Per Equity Share |
| Market Lot | 15 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 5625 Crore. |
PB Fintech Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 15 | Rs. 14700 |
| Maximum | 13 | 195 | Rs. 191100 |
PB Fintech Limited IPO Lot Size IPO Allotment Status
Click Here To Check IPO Allotment Status PB Fintech Limited
Click Here To Get ASBA Forms PB Fintech Limited
Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 23307.26 | 15759.99 | 7514.48 |
| Total Revenue | 9574.13 | 8555.63 | 5288.07 |
| Profit After Tax | (1502.42) | (3040.29) | (3468.11) |
Company Promoters:
Alok Bansal, Shikha Dahiya, Rajendra Singh Kuhar, Founder united Trust and SVF Python ii are the company promoters.
Objects of this Issue:
The net proceeds from the IPO will be utilized for the following purposes;
- Enhancing visibility and awareness of company’s brands.
- New opportunities to expand company’s consumer base including offline presence – Rs.3,750 Million;
- Funding strategic investments and acquisitions – Rs.6,000 Million;
- Expanding presence outside India – Rs.3,750 Million; and
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| PB Fintech Limited Plot No. 119, Sector 44 Gurgaon, Haryana 122 001, India Phone: +91 124 456 2907 Email: investor.relations@pbfintech.com Website: https://www.pbfintech.in | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: policybazaar.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
