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RATING

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Neutral

Business Type

Fairly Valued

Discover and get a complete analysis on Policybazaar unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on Policybazaar Share Price.

ISIN

INE417T01026

Face Value

₹2.00

Total Share

41,12,34,500

Total Income

₹957.41 Cr

Profit After Tax

-₹150.24 Cr

EPS

-₹2,056.23

P/E

-0.34

P/B

17.40

Market Capitalisation

₹28,334.06 Cr

Enterprise Value

₹26,632.57 Cr

Book Value

₹39.61

Intrinsic Value

₹1,259.00

Earnings Yield

-298.44 %

Sector

Financials

Sub-sector

Insurance

Category

Listed

Cashflow - Operations

₹28.71 Cr

Cashflow - Financing

₹758.81 Cr

Policybazaar Growth

Compounded Sales Growth

  • 14.96%

    1 Year

  • 34.21%

    2 Year

Pro Only

Compounded Profit Growth

  • NA

    1 Year

  • NA

    2 Year

Pro Only

Return On Equity

  • -9.22%

    2021

  • -34.62%

    2020

Pro Only

About Policybazaar

PB Fintech Limited has built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation. They have created 2 platforms Policybazaar and Paisabazaar to cater the large and highly underpenetrated online insurance and lending markets. it was incorporated in 2008 and has its registered office in Delhi.
  • Policybazaar.com is now India’s foremost insurance aggregator and a leading fintech player globally with 93.4% market share based on policies sold till FY2020. They provide a platform to hedge the gap between insurance companies and customers by providing proper guidance, transparency and easy comparison of policies for customers
  • 65.3 % of all digital insurance sales in India by volume was transacted through Policybazaar.
  • PolicyBazaar have around 48.8 mn registered consumers and 9.6 mn transacting consumers. They have sold around 19.2 million policies from starting till now.
  • Policy Bazar has tie up with more than 45 companies.
  • Paisabazaar was India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals in 2020. Paisabazaar is also widely used to access credit scores, with approximately 21.5 million Consumers cumulatively having accessed their credit score through our platform as of March 31, 2021.


  • Policybazaar IPO Details

According to company's future plans, Amount raised from IPO Will be used in expanding offline reach as they are planning to have around 200 outlets by the end of FY24 and a portion of the amount raised will be used for marketing initiatives in coming years.

Grey market premium (GPM) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. Currently grey market premium of Policybazaar is from 118-122

Policybazaar IPO is to be launched on1st November, 2021. You can track Policybazaar Pre IPO shares on this website.

Open Date

1 Nov 2021 at 10:00 AM

Closed Date

3 Nov 2021 at 05:00 PM

Listing Date

15 Nov 2021 at 10:00 AM

Policybazaar
Offer for Sale

₹ 2267.50 Cr

Policybazaar
Fresh Issue

₹ 3750.00 Cr

Policybazaar
Total IPO Size

₹ 6017.50 Cr

Policybazaar
Price Brand

₹ 940 - ₹ 980

Policybazaar
Min Order Qty

15 Shares

Policybazaar
Grey Market Premium

₹ 118 - ₹ 122

Policybazaar Retail Subscription Status

3.31x

Policybazaar QIB Subscription Status

24.89x

Policybazaar Non-Institutional Subscription Status

7.82x

  • Policybazaar Funding

Funded By Funding Amount Date of Investment Funding Round
True North and IDG Venture Partners $ 7.70 Cr - Series E
Intel Capital and Inventus Capital Partners $ 0.90 Cr - Series A
Falcon Edge Capital $ 7.50 Cr 15 Mar 2021 -
SoftBank and Info Edge $ 23.80 Cr 15 Oct 2018 Series F
Premji Invest, the personal investment vehicle Azim Premji, Steadview Capital and ABG Capital. 4 Cr 15 Apr 2015 Series D
Tiger Global Management and Existing investors $ 2 Cr 15 May 2014 Series C
Inventus Capital Partners along with Info Edge and Intel Capital. $ 0.50 Cr 15 Apr 2013 Series B
Intel Capital and Info Edge $ 1.28 Cr 15 May 2011 Venture
Info Edge ₹ 0.69 Cr 15 Jun 2008 Seed Fund
  • Policybazaar Subsidiaries

  • Policybazaar Insurance Brokers Private Limited
  • Paisabazaar Marketing and Consulting Private Limited
  • Docprime Technologies Private Limited
  • Icall Support Services Private Limited
  • Accurex Marketing and Consulting Private Limited
  • PB Marketing and Consulting Private Limited
  • PB Fintech FZ - LLC
  • Policybazaar Revenue Segmentation

  • Policybaazar
  • Paisabaazar and PB fintech
  • Policybazaar Product & Services

  • Life Insurance
  • Health Insurance
  • Car Insurance
  • Investment Plans
  • Home Insurance
  • Travel Insurance
  • Other general insurance
  • Policybazaar Assets

PB Fintech has Total assets of worth 23.47 Cr. Total assets of the company includes Computers, Office Equipment, Furniture & Fixtures, Leasehold Improvements.

  • Policybazaar Industry Overview

Industry Statistics

  • India is the world’s 10th largest life insurance market, worth ₹ 5.7 trillion (US$ 76 billion) in FY2020 in terms of total premium. Despite being 10th largest, India’s life insurance penetration remains lower at 24.6%, compared to 265.0% in USA & 95.4% in China when measured in terms of Sum Assured as % of GDP, as of March 2020.
  • The lack of public health infrastructure, insufficient coverage of health insurance by government and expensive private healthcare facilities has brought insurance into limelight particularly during impending COVID-19 pandemic. In the future, with rising medical inflation and ~15% of the population in the next ten years, India’s health expenditure is expected to grow manifold. As a result, health insurance segment will become one of the most significant contributors to the growth of overall non-life insurance in India.
  • Rise in affordability of motor vehicles is expected drive demand for motor insurance. Rapid rise in the urban middle-class households is expected to drive demand for housing and consequently more demand for property insurance.
  • In the last few years, technology has become a focus area for all major insurers and many fintech players have emerged in the insurance space. Technological innovations are now helping insurers and fintech companies to increase productivity, improve consumer experience and cut operational costs, thereby creating value across the chain.
  • There are many emerging and established candidates in insurance aggregator sector, key competitors of PB fintech includes coverfox, turtlemint, QuickCredit, Chqbook Etc, but PB Fintech is emerging as one of the market leader among them.

Future Prospects

  • In FY2020, India had a ₹ 7.6 trillion (US$ 102 billion) insurance industry, measured in terms of Total Premium. This industry is expected to grow at a 17.8% CAGR to reach ₹ 39.0 trillion (US$ 520 billion) by FY2030, with life, health and other non-life insurance growing at 18.8%, 15.3% and 13.5% CAGR respectively, as per Frost & Sullivan, driven by favorable macro indicators, rising awareness towards financial products and services, digitization and favorable government policies and regulatory push.
  • The non-life insurance market in India is expected to grow at 14.3% p.a. to reach ₹ 7.1 trillion size in FY30, driven by a burgeoning middle-class, rising awareness about insurance protection, innovative products, growth in associated industries, and favorable regulatory landscape.
  • With consistent growth of disposable income in recent years, Indian households tend to diversify their consumption and purchase more financial products and insurance products. Risk awareness regarding the need for protection for any contingency are improving in India due to increasing financial literacy, urbanization and advance education system.

Government Initiatives

  • In the last 5 years, the government has consistently supported the digitalization of services including insurance and loan services in India, resulting in the world’s leading public digital infrastructure based on Aadhaar and UPI.
  • Additionally, in 2021, IRDAI directed life insurers to standardize term insurance through Saral Jeevan Bima. This is expected to make it easy and convenient for the consumers to compare and buy term insurance plans.
  • Furthermore, income tax benefits under the exempt, exempt, exempt (EEE) method of taxation available in section 10(10D) and 80C of the Indian Income Tax Act, 1960 are also expected to encourage middle-class consumers to invest in life insurance policies. 

Policybazaar Awards & Achievements

  • 2021 - ‘Communications Team of the year’ award at the Kaleido Awards
  • 2021 - ‘Best Insurtech of the year’ award at the Business Leader of the Year awards presented by World Leadership Congress and Awards
  • 2021 - Digital Lending Award at the Fintech India Innovation Awards
  • 2021 - Payment and Fintech Award for Excellence in Consumer Lending at the India Digital Awards, organized by the Internet and Mobile Association of India
  • 2021- Outstanding Crisis Finance Innovation 2021 (Asia Pacific) Award by Global Finance Magazine
  • 2020 - ‘FE Best Banks’ award in the Fintech category by Financial Express
  • 2019 - ‘Most Innovative Lending Startup’ by India Fintech Forum
  • 2019 - ‘Insurtech of the Year’ award at the 23rd Asia Insurance Industry Awards
  • 2019 - Mr. Yashish Dahiya  CEO of the company was awarded the ‘EY Entrepreneur of the Year’ by Ernst and Young Global Limited
  • 2018 - ‘Best Fintech Marketing Campaign’ award by the ‘India Fintech Forum’ at the India FinTech Awards (IFTA) 2018
  • 2018 - ‘Ecomonic Times Best Brands - Insuretech’ award by Economic Times
  • 2018 - Economic Times’ Most Promising Brand
  • 2018 - ‘Best Fintech Startup 2018’ at the Drivers of Digital Awards
  • 2017 - ‘Best Customer Experience Innovation in Fintech’ by Moneytech Awards
  • 2017 - ‘Startup of the Year’ by Moneytech Awards
  • 2017 -‘Best Digital Platform for Credit Cards’ at the Economic Times cards and Payment Summit Received by Naveen Kukreja, CEO, Paisabazaar on behalf of Paisabazaar

Policybazaar Strengths

  • Company has huge organic sales due to strong brand image in the market
  • Company efficiently saves the customer's data to provide personalized feedbacks and options based on choices.
  • They benefit from powerful network effects at scale as a result of their positioning as a trusted and default search engine for insurance and personal credit products in India.
  • They provide technology based solutions eg. Video inspection of motor vehicles after getting damaged. All refunds document verifications can be done directly through Policybazaar.
  • They provide services in very cost effective manner due to huge client base and use of upgraded technology.
  • At Paisabazar consumers can access their credit score and around 21.5 Mn customers has accessed this service.

Policybazaar Shortcomings

  • IRDAI issued a show cause notice dated June 8, 2021(“Notice”) to Policybazaar in relation to alleged violations of the IRDAI Regulations, 2017  and the IRDAI (Insurance Advertisement and Disclosure) Regulations, 2000 (“Advertisement Regulations”). IRDAI had received complaints against Policybazaar alleging unethical practices by our Company, Policybazaar and Paisabazaar, and misrepresentation of income in their financial statements, this matter is still pending.
  • Major portion of the expenses are covered by employee cost and advertisement cost of the company.

Policybazaar Opportunities


  • The spread of the Covid-19 pandemic has further raised public awareness about life and health risks and has increased demand for protection products, I.e. life and health insurance to ensure their dependents remain financially afloat for a long time.
  • IRDIA allowed issuance of health policies without physical document, which will make to whole process much more easy.
  • Online insurance market is still highly under penetrated, there is lack of awareness among people about online market. Only around 1% of total policies are sold online.
  • Company is planning for offline expansion to develop network of Point of sale presence(POSP) to cater that segment of economy who do not deal in online insurances due to lack of trust or personal touch.

Policybazaar Threats

  • sentiments among insurance companies to decrease dependency on 3rd party service providers.
  • Commentary from SBI Life and ICICI Lombard that they are trying to work on their own distribution channel and will try to promote that instead of relying on 3rd party.
  • PB fintech is going to opt some offline strategies in near future and planning to have around 200 offline outlets. This strategy will increase the employee cost which already covers a major portion of expenses of the company. Currently their is huge risk of failure of the strategies as well.
  • With the proposed enactment of the Personal Data Protection Bill, 2019 (“PDP Bill”), and the ongoing regulatory discussions along proposed Indian regulation to govern non-personal data, the privacy and data protection laws are set to be closely administered in India, and the company may become subject to additional potential compliance requirements. 
Policybazaar Rating

  • RECOMMENDATION

    Neutral

  • Policybazaar Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

07/10/2021

Registered Date

04/08/2008

Planify Ticker

PBF

Reg Office: Plot 119, Sector 44, Gurugram- 122001, Haryana

Website: https://www.pbfintech.in/

Frequently Ask Questions

Please find below the procedure for buying stock_name_auto Unlisted Shares at Planify.
• 1. You confirm booking of stock_name_auto Unlisted Shares with us at a trading price.
• 2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
• 3. We will provide the bank details.
• 4. You need to transfer funds in that account.
• 5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
• 6. Payment has to be done from the same account in which shares are to be credited.
• 7. We will transfer the shares in 24 hours if funds are credited before 2 pm.
Important Note: Please note that the lock-in period for selling stock_name_auto Unlisted Shares is 6 months after listing. Hence you can’t sell stock_name_auto Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date.

Please find below the procedure for selling stock_name_auto Unlisted Shares at Planify.
• 1. We will confirm our buying price of stock_name_auto Unlisted Shares.
• 2. We will give you our client master report and you will transfer the stock_name_auto Unlisted Shares to our demat account.
• 3. We will ask for bank details of yours once the stock_name_auto Unlisted Shares are received in our demat account..
• 4. We will transfer the funds in your bank account within 24 hrs of receiving the stock_name_auto Unlisted Shares.
• 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.
Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.
• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.
• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.
This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
• a. ISIN number of stock_name_auto Unlisted Shares.
• b. Name of stock_name_auto Unlisted Shares
• c. Quantity of stock_name_auto Unlisted Shares
• d. Cosideration Amount
• e. Target DP ID and Client ID
• f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our Planify platform, if somebody wants to buy stock_name_auto Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

If you buy stock_name_auto Unlisted Shares from Planify then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of stock_name_auto Unlisted Shares Instantly?
• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Demat Account = DP ID + Client ID. (16 Characters )
• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
• Example:
• CDSL = 12345678(DP ID) and 91234567(Client ID).
• NSDL = IN123456 (DP ID) and 78912345(Client ID).
• Check in brokers application?
• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The stock_name_auto Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of stock_name_auto Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on Planify.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

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We at Planify do the valuation based on 2 methods.
• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.
• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their stock_name_auto Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about stock_name_auto Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

The financials of stock_name_auto Ltd which includes the P/L of stock_name_auto Ltd and the Balance Sheet of stock_name_auto Ltd is in the financials section.

The annual report of stock_name_auto Ltd is available in the annual report section.