When a popular IPOarrives in the share market, all eyes focus on its Price and the same goes with Policy Bazaar IPO Price. As an upcoming IPO, a majority of the chunk are looking to invest in it and grab the profits!
So, today, we will talk about three main prices list in an IPO:
Issue Price
Price Band
Listing Price or Share Price
Without waiting for more, let’s get started!
Policy Bazaar IPO Issue Price
SEBI has given the green flag to PolicyBazaar IPO by approving the DRHP and its issue price has been announced which consists of Fresh Issue and OFS i.e. Offer for Sale.
Complete details of Policy Bazaar IPO issue price are given as below:
If you wish to apply for Policy Bazaar IPO, keep yourself updated with its price. Let’s proceed with the price band of Policy Bazaar IPO!
Policy Bazaar IPO Price Band
As you might know that this Rs. 4000 Cr Initial Public Offering IPO’s Price band is quite higher than the majority of the IPO’s so you must invest after proper analysis of the company.
Thus, a minimum investment of Rs. _____________ will be required to make in this IPO.
Policy Bazaar IPO Listing Price
The Policy Bazaar IPO listing Price is expected to be Rs. _______ as disclosed by the company.
The shares of the company will be listed on NSEand BSEexchanges.
Well, knowing the current GMP or Grey Market Premium is important as your listing gain depends on it.
The current GMP of Paisa Bazaar IPO is Rs. ______
Thus, a listing gain of Rs. _____ is expected once the share steps in the stock market.
Should I Buy Policy Bazaar IPO?
Bidding in any IPO depends on its strength and that strength comes from its financial statements.
From the above table, we can conclude that for the past two years, the firm is continuously making profits. From FY 2019 to FY 2020, the firm has made a progressive growth of 66% in its revenue; which is quite significant.
Though the losses were pretty similar in both the years, however, the losses were made due to their inclination towards advertisement and promotions. A lot of money was spent by the firm in 2020 for branding purposes!
Further, talking about the future prospective, Online Insurance companies are expected to grow at a high rate, and surprisingly around 25% of India’s online life insurance plans are made by this online insurance firm.
Besides this, make sure you make a detailed comparison of Policy Bazaar with other peers and learn the valuation of the firm.
If you need any of our help while you apply for this IPO, feel free to get in touch with us.
Pls let me know when Policy Bazaar IPO starts.