Policy Bazaar IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations

Policy Bazaar IPO Subscription Status: FINAL

Policy Bazaar, is India’s largest online platform for insurance and lending products leveraging the power of technology, data, and innovation (Source: Frost & Sullivan). They provide convenient access to insurance, credit, and other financial products and aim to create awareness amongst Indian households about the financial impact of death, disease, and damage.

Investor CategoryQuotaSubscription
Institutional (QIB)75%24.89x
Non-Insti. (HNI)15%7.82x
Retail (RII)10%3.31x
Total Subscription100%16.59x

Policy Bazaar IPO Subscription: Analyst Recommendations

CHOICE BROKING – SUBSCRIBE for Longterm [ Report ]

“Macros of the insurance sector are positive and so are the fundamentals of PBFL. The company with its dominant position in the digital insurance and credit market is expected to benefit from the abundant
business opportunities in both markets. At a higher price band of Rs. 980, PBFL is demanding an EV/TTM Sales multiple of 40.5x, which seems to be very stretched”


“While the insurance brokers license and the minimal online insurance penetration in India provide the company massive long term opportunities to grow, the current valuation seems pretty expensive. only investors with a longer time horizon, a larger risk tolerance and the patience to wait for the company’s return ratios to improve should subscribe”

Policy Bazaar IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.56x 0.00x 24.89x
HNI 0.06x 0.00x 7.82x
Retail1.18x 0.00x 3.31x
Total 0.54x 0.00x 16.59x

Policy Bazaar IPO Subscription: Key IPO Details

Issue Size5,625 Cr
Open Date 1/11/2021
Close Date 3/11/2021
Face Value₹2/- per Equity Share
IPO Price₹940 – ₹980
Lot Size13 shares
LotsMin 1 – Max 13

Policy Bazaar IPO Subscription: Financials

201920202021 Mar2021 Jun
Revenue from Ops₹492.24₹771.29₹886.66₹237.73
Profit before Excep*₹(337.43)₹(294.84)₹(141.91)₹(110.84)
Profit after Tax(346.81)₹(304.03)₹(150.24)₹(110.84)
EPS (Basic)(4.11)(8.68)(12.01)(2.91)
*Tax and Exceptional Items | ₹ in Crores, except EPS

As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS(6.95)
* Weighted Average for last 3 years

Policy Bazaar IPO: Comparison with listed industry peers

According to the RHP, the company does not have any comparable listed industry peers in India

Policy Bazaar IPO Subscription – FAQs

1. How to apply for Policy Bazaar IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Policy Bazaar IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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