INSUBCONTINENT EXCLUSIVE:
Policybazaar IPO: The company has fixed the price band of Rs 940 to Rs 980 per share
The initial public offer (IPO) Policybazaar - the country's leading online insurance aggregator opens for
subscription on Monday, November 1
Operated by PB Fintech, the Policybazaar is an online platform for consumers and insurer partners to buy and sell insurance products
It caters to customers who require information, choice, and transparency in terms of insurance policies
Bank, ICICI Securities Limited, IIFL Securities, Jefferies India, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company are
expenses, for enhancing its visibility and awareness of brands (including but not limited to Policybazaar and Paisabazaar) (Rs 1,500
intervention.Financials: PB Fintech recorded a consolidated loss of Rs 150.24 crore in fiscal 2020-21, compared to a loss of Rs 304 crore in
FY20 and loss of Rs 346.81 crore in FY19
In the same periods, revenue from operations increased to Rs 886.66 crore, from Rs 771.29 crore and Rs 492.24 crore respectively.What
analysts say: "At the higher end of the price band, the issue is aggressively priced at 45 times price/sales (based on FY22 annualised
However, given a fancy for novel tech-based startups, the issue could enjoy premium valuation.Given the euphoria for this issue, the shares
had been trading in the range of Rs 2,100- Rs 2,300 in the unlisted market last week
Investors with a higher risk-appetite looking to take exposure to a niche tech-based platform should consider investing in the issue,"
