Policybazaar Share Price Target Compared with Policybazaars’ 48 million registered users, its financial super application has 333 million users and 21 million merchants, and provides functions such as payment and fund management.
It has cooperated with 48 insurance companies and 51.1 million consumers have registered on its platform. The company offers more than 250 insurance plans and about 50 insurance brands on its platform.
Policybazaar Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
Founded in 2008, the company initially compared insurance prices and provided insurance information. In June, the startup received an insurance broker license from the Insurance Regulatory Authority of India.
The startup and colleagues have brought transparency about insurance prices to a market where a young and growing middle class and awareness of health and retirement planning are supporting demand amid growing economic uncertainty.
The Rs.5,700 offer is expected to consist of a new issue of Rs 3750 and an offer to sell (OFS) component of Rs 1,933.50, in which the existing shareholders and founders will sell the shares. The price range for the issue was set from Rs 940 to Rs 980 per share.
A total of 61,402,961 shares will be put up for public issue under the IPO Policybazaar, of which 38,265,206 are for a new issue and 23,137,755 are for an offer to sell shares. IPO Policybazaar A total reserve of 61,403,061 shares will be offered for public offering under the IPO Policybazaar: 46.052.296 for QIB, 9.210.459 for NII and 61.40.306 for RII e – EMP shares. The minimum market lot of the IPO Policybazaar is 1 lot with 15 shares with a bid amount of Rs 14,700.
The holding period for other investors (including retail, HNI or corporate clients) is 6 months from the date of the IPO listing of Policybazaar unlisted shares. As such, you cannot sell non-listed Policybazaar shares that you acquired prior to your IPO within 6 months of listing.
However, if the company’s business is doing well and, therefore, there will always be demand in the OTC market, then even if the IPO does not take place, investors can easily liquidate their non-listed Policybazaar shares in the unlisted market itself. The fees will remain the same regardless of the share price if purchased in the OTC market.
The par value of each share is Rs 2, but the IPO price range is Rs 940 to Rs 980. This initial public offering [*] of shares is Rs 2 each for cash at Rs 940 to Rs 980 per share. share in the capital, which in the amount of 56,250 million rupees.
Answer – The shares of this company will be listed on the stock exchanges on November 15, 2021. In addition, the company will also submit an offer to sell shares worth Rs Rs 2,267.5 crore by the current shareholders of Policy Bazaars.
According to the company’s DRHP, the issue of 3,750 crores and 2,267.50 crores will be offered by promoters at this IPO, and SoftBank will sell the largest stake in this OFS.
IPO Policy Bazaar is listed with NA premium, check the share price in real time by clicking the link below. Their Policybazaar and Paisabazaar platforms target the large and under-explored online lending and insurance markets.
PolicyBazaar is the leading aggregator and market for insurance products in India. Policybazaar is registered and regulated by IRDAI as a direct insurance broker (lifetime and general).
PolicyBazaar began its journey in 2008 as an insurance policy comparison site. Since the platform is an insurance policy marketplace, it is correctly named PolicyBazaar.
Let us get a detailed overview of the company and analysis of the IPO Policy Bazaar release date, IPO offer price, subscription, IPO Policy Bazaar Limited assignment, gray market price and other details such as the company’s background, its financial position, its founders, etc. related things.
Policybazaar’s IPO included a recent public offering of Rs 3,750 crores and a market offering of about Rs 1,960 crores through current shareholders.
At the time of the IPO announcement, Policybazaar’s gray market premium was around Rs. 300. Policybazaar shares were currently available on the gray market at Rs 1,040-1,050 per share, 6-7% above the issue price of Rs 980 per share.
shares according to IPO Watch and IPO Central. SJS was trading at Rs 582 on the gray market, up Rs 40 or 7.4% above the Rs 542 issue price.
Sigachi Industries’ gray market premium is also quite high, trading at Rs 383-393 per share, resulting in a whopping Rs 220-230 premium or 135-141% of the IPO price.
In addition, in fiscal year 2020, 65.3% of all digital insurance sales in India will be conducted through Policybazaar. According to data from Frost & Sullivan, in the 2020 fiscal year, Policybazaar is India’s largest digital insurance market, with a market share of 93.4% in terms of the number of policies sold.
According to data from Frost & Sullivan, in the 2020 fiscal year, Policybazaar is India’s largest digital insurance market, with a market share of 93.4% in terms of the number of policies sold.
PB Fintech, operator of the Policybazaar insurance coverage platform and the Paisabazaar tax products and services portal, recently debuted with support for the NSE and BSE. PB Fintech achieved a market valuation of Rs 52,800.49 crore from the BSE in the first industry.
PB Fintech, which raised Rs 5,625 crore in an IPO, operates Policybazaar, India’s largest digital insurance market, and Paisabazaar, which provides credit products (personal loans and credit cards). Policy Bazaar Limited’s gray market IPO price is Rs 150, Kostak is Rs 300 and Sauda is Rs 2,000.
In 2008, Yashish Dahiya founded PolicyBazaar, India’s largest platform for analyzing, comparing and buying insurance policies by price, quality and other key characteristics to ensure transparency and accountability in the insurance segment in India.
November 1, 2021 – P.B Fintech, the parent company of PolicyBazaar and Paisabazaar, today kicks off its IPO round and allows Individual Retail Investors (IIEs) to subscribe 0.36 times or 36% of the allotted portion in the first hour.
October 27, 2021 – Parent Company PolicyBazaars PB Fintech plans to launch an IPO on November 1, 2021 at a price of INR 940 to INR 980 per share and will end on November 3, 2021. Policybazaar operator PB Fintech has completed its initial public offering (IPO) distribution status.
PB Fintech Ltd, the parent company of online insurance aggregator Policybazaar, began trading on the stock exchange Monday at a premium of about 17% from the IPO price of Rs 980 after its initial sale three years later. issued almost 17 times. Policybazaar’s unlisted shares have plummeted in the past few days.
Policybazaar’s unlisted stocks are credited to Demat’s account on the same day the funds are transferred to our company’s bank account.
We will transfer the funds to your bank account within 24 hours after receiving the unlisted shares of Policybazaar. DIS-Delivery Order Form is a way for investors to sell or transfer unlisted Policybazaar shares from their demat account to any other demat account.
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Update on February 28, 2022 @ 1:35 am