Policy Bazaar IPO – Review, Allotment Status, Subscription, Price, Date & more

Policybazaar has started working with the bankers for the IPO preparation and hopefully by October 2018 the IPO will be released. So far the company has managed to raise Rs 410 crore from the investors: Tiger Global Management, InfoEdge and Premji Invest. This article provides the details about the Policy Bazaar IPO size, Policy Bazaar IPO object, background of the company, the investors and the financial performance of the company.

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Policy Bazaar IPO Review & Ratings

Policy Bazaar IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.5/10
Industry Ranking6.4/10
Company Background6.8/10
Company Reputation6.9/10
Competitive Edge6.4/10
Financial Statements6.7/10
Popularity Index6.8/10
Promoters Reputation6.4/10
Retail Appetite6.8/10
Top Brokers Review6.8/10
Overall Ratings6.7/10
Star Ratings★★★☆☆

Summary of PolicyBazaar IPO

Policy Bazaar IPOWithin 8 years of time, the company has reached its break even point and still it is showing significant growth every year. The company is expecting a profit of Rs 50 crore on generated revenue of Rs 350 crore. In a news, the company CEO Yashish Dahiya said that the public offer is to raise around Rs 325 crore initially. Etechaces Marketing and Consulting Private Limited is the marketing and fintech company that started policybazaar.com in the year 2008. Since then, company has grossed good profits and generated revenue more than Rs 250 crores. The company claims to sell more than 120,000 policies each month.
So far the company has managed to raise Rs 410 crore from the investors: Tiger Global Management, InfoEdge and Premji Invest. The lead managers of the IPO and the registrar of the IPO are yet to be disclosed. The details would be included herein shortly.


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    Policy Bazaar IPO Date

    The Policy Bazaar IPO is expected to be in market before the end of this calendar year. The company initiated the talks and the IPO is expected to be out soon.

    Policy Bazaar IPO Subscription

     Subscription
    Day 1 X
    Day 2 X
    Day 3 X
    Day 4 X
    Day 5 X

    The details of shares being subscribed would be updated on a daily basis upon release of the IPO.

    Policy Bazaar IPO Allotment Status

    The details of shares allotted against the subscription would be updated once the allotment process is completed. The details would be accordingly updated.

    Policy Bazaar IPO Price Band

    The price offered under the IPO is generally decided during the book building process. The IPO price has not been released yet. The details would be shortly updated in this section.

    Policy Bazaar IPO Issue Size

    The Policy Bazaar IPO size is expected to be close to Rs. X crores. However, this is just an indicative number and the actual number would be updated once the IPO details are finalized by the Company. Please revisit us for the latest updates.

    Policy Bazaar IPO Equity Share Offerings

    The number of shares being sold off by the existing investors is not disclosed yet.


    Policybazaar – Company Overview

    PolicyBazaar is planning to launch the initial public offerings by end of this year. It is an online platform that provides services related to insurance and investment options. The company provides almost all kind of insurance policy, for example: Health Insurance, life Insurance, motor insurance, and other insurances like corporate, travel, personal accident, cancer insurance, etc. The company also provides traditional endowment plans, unit-linked insurance, policy renewal, money-back plans and investment plans. The future plan of this company is to include other products like mutual funds and SIP.

    Key members of Policybazaar.com:

    Competitive Strengths of Policybazaar

    Business strategy of Policybazaar


    Policybazaar – Financial Statements

     

    A summary of the financial position of the company is presented below:

    Assets of the Company

    Assets (in INR & Millions)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Non-Current Asset
    Current Asset
    Total Asset

    The details would be updated shortly.

    Revenue & PAT of the Company

    Revenue & Profits (in INR & Millions)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Total Revenue
    Profit after Tax (PAT)

    The details would be updated shortly.

    Earnings per Equity Share

    Earning per Equity Share (in INR)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Basic
    Diluted

    The details would be shortly updated herein and an analysis of the same would also be presented.


    Policy Bazaar IPO Promoters

    The details of the promoters would be shortly updated.

    Promoter Interest in the company.

    The details of the interest held by the promoters in the company would be updated in a few days.

    Promoter Interest in property of the company

    These details would be updated shortly.


    Policy Bazaar IPO Offer Details or Issue Details

    OfferThe offer is expected to be close to Rs 1000 crores.
    Of which
    Issue reserved for the Market Makers
    Net Issue to the public
    Of which
    Allotment to retail investors
    Allotment to other investors
    Equity Shares outstanding prior to the offer
    Equity Shares outstanding after the Offer

     


    PolicyBazaar IPO Issue Object

    Will be declared and updated soon.


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    Policy Bazaar IPO – Basis of the Offer Price

    The IPO offer price is determined by the company and the lead managers by market evaluation and book building process. The price is also influenced by various qualitative and quantitative factors. Some such factors are discussed below.

    The qualitative factors relevant to decide the issue price:

    • Established since long
    • Has survived a few cycles of economies
    • Collaboration with big brands

    The quantitative factors relevant for the issue price are:

    • Earning per share
    • Price/earning ratio
    • Return on Net Worth
    • Net Asset Value – NAV per Equity Share

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    Policy Bazaar IPO Lead Managers

    Lead Managers
    To be updated shortly

    PolicyBazaar IPO Registrar to offer

    Registrar to offer
    To be updated shortly

    PolicyBazaar IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.6/106.6/106.8/106.3/106.7/10
    Sharekhan6.4/106.4/106.5/106.7/106.8/10
    Kotak Securities6.7/106.4/106.3/106.8/106.5/10
    ICICI Direct6.8/106.7/106.5/106.5/106.7/10
    IIFL6.5/106.8/106.3/106.7/106.5/10
    Edelweiss6.3/106.5/106.7/106.3/106.3/10
    Zerodha6.7/106.3/106.6/106.5/106.7/10
    5Paisa6.9/106.5/106.8/106.3/106.3/10
    Karvy6.7/106.3/106.5/106.5/106.7/10
    Motilal Oswal6.9/106.7/106.3/106.3/105.6/10

     


    Policy BazaarIPO Grey Market Premium

    Grey market for Policy Bazaar IPO would open 15 days before the release of the IPO.


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