Policybazaar IPO Grey Market Premium : PB Fintech – Policy Bazzar IPO Share, Stock Price, GMP, Review, Details

The company has built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation, according to Frost & Sullivan. It provides convenient access to insurance, credit and other financial products and aims to create awareness amongst Indian households about the financial impact of death, disease and damage.

Through its consumer-centric approach, the company seeks to enable online research-based purchases of insurance and lending products and increase transparency, which enables consumers to make informed choices. The company launched Policybazaar, as its flagship platform, in 2008 to respond to Consumers’ need for more awareness, choice and transparency and create a consumer-pull based, provider-neutral model for insurance distribution.

In Fiscal 2020, Policybazaar was India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold.

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 Policybazaar IPO date is to be updated.

Policybazaar IPO issue size  

Policybazaar IPO issue size combines a fresh issue of Rs.3,750 crores and an offer for sale of Rs. 2,267.5 crores.

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Policybazaar share price

The IPO share price is to be updated.

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.