Policybazaar Share Price Target Its financial super application has 333 million users and 21 million merchants, and provides functions such as payments and funds management, compared to Policybazaar’s 48 million registered users.
It has collaborated with 48 insurance companies and 51.1 million customers have registered on its platform. The company offers more than 250 insurance plans and around 50 insurance brands on its platform.
Policybazaar Share Price Targets 2022, 2023, 2024, 2025 and 2030
Founded in 2008, the company initially compared insurance prices and provided insurance information. In June, the startup received an insurance broker’s license from the Insurance Regulatory Authority of India.
The startup and partners 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 rising economic uncertainty.
The Rs 5,700 offer is expected to include a fresh issue of Rs 3750 and an offer (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 fixed at 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, out of which 38,265,206 are for fresh issue and 23,137,755 for offer for sale. IPO PolicyBazaar A total of 61,403,061 shares will be offered for public offering under 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 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 IPO listing of unlisted shares of Policybazaar. Thus, you cannot sell unlisted PolicyBazaar shares acquired prior to your IPO within 6 months of listing.
However, if the company is doing well and hence, there will always be demand in the OTC market, even if the IPO does not happen, investors can easily liquidate their unlisted Policybazaar shares in the unlisted market only. The fees will remain the same regardless of the share price when 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 [*] 2 of the shares for cash ranges from Rs 940 to Rs 980 per share. share in the capital, which amounts to Rs 56,250 million.
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 2,267.5 crore by the existing shareholders of Policy Bazaar.
According to the company’s DRHP, an issue offer of Rs 3,750 crore and Rs 2,267.50 crore will be offered by the promoters in this IPO and SoftBank will sell the largest stake in this OFS.
IPO policy is listed with market NA premium, check share price in real time by clicking on the link below. Their Policybazaar and Paisabazaar platforms target the larger and less explored online lending and insurance markets.
PolicyBazaar is the leading aggregator and marketplace for insurance products in India. PolicyBazaar is registered and regulated by IRDAI as a Direct Insurance Broker (Life & General).
Policybazaar started its journey in 2008 as an insurance policy comparison site. Since this platform is an insurance policy market, hence its correct name is PolicyBazaar.
Let us get a detailed overview of the company and analysis of the company’s background, its financial condition, its founders like IPO policy market release date, IPO offer price, membership, IPO policy market limited assignment, gray market value and other details. etc related things.
Policybazaar’s IPO includes a recent public offering of Rs 3,750 crore and a market offering of around Rs 1,960 crore through existing shareholders.
At the time of IPO announcement, Policybazaar’s gray market premium was around Rs. 300. Policybazaar shares were currently available in the gray market at Rs 1,040-1,050 per share, which is 6-7% higher than the issue price of Rs 980 per share.
Shares as per IPO Watch and IPO Central. SJS was trading at Rs 582 in the gray market, up Rs 40 or 7.4% from the issue price of Rs 542.
Sigachi Industries also has a significantly higher gray market premium, trading at Rs 383-393 per share, resulting in a premium of Rs 220-230 or 135-141% of the IPO value.
Furthermore, in FY 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 93.4% market share in terms of number of policies sold.
According to data from Frost & Sullivan, in the 2020 fiscal year, PolicyBazaar is India’s largest digital insurance market, with 93.4% market share in terms of number of policies sold.
PB Fintech, operator of Policybazaar insurance coverage platform and Paisabazaar Kar products and services portal, recently started with the support of NSE and BSE. PB Fintech achieved a market valuation of Rs 52,800.49 crore from BSE in the first industry.
PB Fintech, which raised Rs 5,625 crore in the IPO, operates Policybazaar, India’s largest digital insurance marketplace, and Paisabazaar, a provider of credit products (personal loans and credit cards). The gray market IPO price of Policy Bazaar Limited is Rs 150, Cost is Rs 300 and the deal is Rs 2,000.
In 2008, Yashish Dahiya founded PolicyBazaar, India’s largest platform to analyze, compare and buy insurance policies based on price, quality and other key features to ensure transparency and accountability in the insurance segment in India.
November 1, 2021 – Policybazaar and Paisabazaar’s parent company, PB Fintech, today launched its IPO round allowing individual retail investors (IIEs) to subscribe for 0.36x or 36% of the allotted stake in the first hour.
October 27, 2021 – Parent company PolicyBazaar PB Fintech plans to launch an IPO on November 1, 2021 at a price of Rs 940 to Rs 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 on Monday at a premium of around 17% over its IPO price of Rs 980, three years after its initial sale. Issued about 17 times. Policybazaar’s unlisted stocks have declined in the last few days.
The unlisted shares of Policybazaar are credited to the demat account on the same day the money is transferred to the bank account of our company.
We will transfer the funds to your bank account within 24 hours of receiving the unlisted shares of Policybazaar. The 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.
- Sigachi Share Price Target 2022, 2023, 2024, 2025, 2030
- Nykaa Share Price Target 2022, 2023,2024, 2025, 2030
- Tata Motors Share Price Target 2022, 2023, 2024, 2025, 2030
- ICICI Bank Share Price Target 2022, 2023, 2025, 2030
- Infosys Share Price Target 2022, 2023, 2024, 2025, 2030
- Google Share Price Target 2022 , 2023 , 2024 , 2025 , 2030
- BHEL Share Price Target 2022, 2023, 2024, 2025
- Gold price 2021, 2022, 2023, 2024 and 2025
- Adani Transmission Share Price Target 2022, 2023, 2025, 2026, 2030 High Return Stock!
- Vodafone Idea Share Price Target 2021, 2022, 2023, 2025, 2030
- Adani Power Share Price Target 2021 2022, 2023, 2025, 2030
- IRFC Share Price Target 2022, 2023, 2025, 2030
- Adani Transmission Share Price 2022
- Tesla Stock Prediction 2022, 2023, 2024, 2025, 2030, 2040
- Tesla Share Price Targets 2021, 2022, 2023, 2024, 2025, 2030
- Bajaj Finance Share Price Target 2021, 2022, 2023, 2024, 2025, 2030
- Bajaj Auto Share Price Targets 2021, 2022, 2023, 2024 and 2025
- Wipro Share Price Target 2021 2022 2023 2024 2025 2030