PolicyBazaar IPO

Yet another hot news has taken over the share market space which is nothing but the brand new PolicyBazaar IPO launch. 

This article covers all the aspects of this new IPO and clearly many investors are eagerly waiting for this IPO to open for subscription as everyone is aware of the brand image of PolicyBazaar.

Whenever a fundamentally strong company announces its IPO listing, it excites investors because it brings the opportunity to gain some extra profits apart from the regular trading.           

However, one should never want to miss out on the odds, even if the company is strong in its numbers, it’s not always mandatory that the IPO will also give equally good results, and so there can be many factors that might result in the failure.

Hence as an investor one should always consider the IPO details before blindly following the crowd.                                                                                                                     

PolicyBazaar IPO Review

PolicyBazaar offering transparent insurance information to potential customers for years is now looking towards more growth and hence coming up with the Initial Public offerings.

The company is going to raise around ₹6,017.50 from the IPO and is going to list on both exchanges.

The potential investors expecting high listing and long-term gains from the company and hence it becomes essential for them to look at some of the major aspects of the company.

 

---

Policy Bazaar IPO Date

The very first suspense that excites everyone waiting for IPO launch is the IPO date. Now as you may see in the table below, this IPO date includes many categories such as the opening date, closing date, refunds date, listing date, etc. 

Opening and closing dates are important with regard to the IPO, for during this time only the interested investors can apply for the IPO or as we can say subscribe for the IPO. 

Now if you are a trader already and the IPO is just another source of generating additional profits you might be aware of the date of the refund. 

As in the case of an IPO, it’s like a lottery, when you book your lot, a certain amount is blocked in your account and if you get lucky enough, you get your lot and that money is deducted from your account.

Every company tries to list itself in the share market space with the objective to raise funds that would be further used in the growth and productivity of the organization which boosts the investor’s confidence in terms of returns.

PolicyBazaar is no exception to this. 

If not, that money will be refunded. For this, every comping listing its IPO mentions a particular date. Which you may easily find in the tabulated column. 

 

After we’ve understood the importance of dates let’s move on to knowing the PolicyBazaar IPO price.

---

Policy Bazaar Price

Money catches everyone’s attention, it doesn’t matter whether you’re losing it or gaining it. 

Here investors undoubtedly look at the IPO price, however forget to understand the IPO price. 

When a company launches its IPO, they always mention the issue price which is the amount the company is targeting to raise via IPO. In the case of PolicyBazaar, the company is targeting to raise funds up to ₹6017.50 crores.

While talking about the Fresh issue, it’s clearly giving a good sign with the value of about ₹3750 crores which is higher than the Offer for sale with the value of about ₹2267.50 crores by the promoters. 

This means the company is offering an opportunity to retail investors to invest and book potentially good returns. 

Market lot tells you the minimum amount you are supposed to invest in an IPO, acts as the eligibility criteria to place your bid. Now here in the tabular form, you’ll find the PolicyBazaar IPO market lot. 

Now before you make any decision, do note the lot size and lot price that you can bid for in PolicyBazaar IPO. Here this plays a major role when you pre-define your investment capital.

 

---

Policy Bazaar IPO GMP

GMP is nothing but the Grey Market Premium which is basically the amount that the investors are offering to pay for the lot apart from the defined price band.

For example, whenever any new movie releases, within a few minutes, we can see the big HOUSEFULL board at the ticket counter.

If the movie seems to be popular then the audience starts booking its ticket by paying a higher amount. 

This bid or bookings of the audience actually decides the popularity of the film in the first few days. 

Similar is the case of GMP where the investors willingly bid higher than the pre-defined price band, which indirectly helps them to predict the listing gains of the IPO.

---

Policy Bazaar IPO Apply

Now that we have talked so much about the details, it’s time to understand the process by which you can avail the benefits of PolicyBazaar IPO. 

Well usually there are two methods by which you can apply for any new IPO :

• Online 
• Offline

The most popular process remains simple and almost the same for all IPOs, which is through ASBA.

How to apply for the Police Bazaar IPO through ASBA?

 As you must be wondering what this ASBA method is. ASBA is the abbreviation of Application Supported by the Blocked Amount. 

Let us understand it through an example. 

Two friends, Nobita and Shizuka, just completed their graduation and now desire to go abroad for higher studies. They consult with foreign education counselors and shortlist some of the universities in Scotland. 

Before applying they were asked to pay a blocked amount of ₹6000 each for the entire process and were promised a refund in case they didn’t get selected in any of the universities they chose. 

As the application opens they apply for the universities and wait for the confirmation letter. 

After a week as results were declared, they got to know that Shizuka got selected in the University of Edinburgh. While Nobita unfortunately missed by 2 points. 

And as she prepares to move, Nobita’s money was refunded and thus she decided to prepare again for the next term.

Similar is the ASBA application process of the IPO:

• Login to your demat account on the trading platform you use.
• Go to the IPO section where you’ll find a list of new and upcoming IPO.
• Select PolicyBazaar IPO.
• You’ll be redirected to the IPO application
• Fill in the lot size, bid price, etc and submit
• Now all you have to do is wait for the results.

Done so smoothly right? Next comes the transaction method, we all know in the era of digital transactions UPI method has emerged as the most secured form of payment.

---

Not having a demat account, open it now for FREE!

---

PolicyBazaar IPO through UPI

Not just in bill payments, even in IPO, you can make use of UPI Id to pay securely for your lots. You just need to follow a few steps. 

• Download the BHIM UPI app on your mobile phone
• Setup application
• Mention you phone number linked with your active bank account
• Create MPIN for added security and easy transactions
• And you are registered.

Also, as we know not many people are actually comfortable using online methods, in that case, to apply for the PolicyBazaar IPO, you can directly download the IPO application form from here.

Fill it and send it to the concerned stockbroker head office. 

Now that we have reached the end of the article, a question must have been on your mind;

---

Is PolicyBazaar IPO Good or Bad?

See, to make a decision whether or not you should invest in an IPO, it is crucial to look at the company’s fundamentals. As the entire game is of numbers. 

Retail investors like us must understand the fact that if an organization is not able to grow or perhaps not able to clear off its debts, how will it be able to generate profits and what benefits will it offer to its investors?

As we discussed Policy Bazaar, the parent company PB Fintech filed the IPO with the objective to enhance the visibility and awareness of its brands, by increasing the offline presence not only in India but across borders as well. 

Make sure you do your homework on the analysis part before investing your capital directly.Now, this seems pretty interesting, however, as an investment is subject to market risks, one cannot be careful enough when it comes to sharing market. 

Happy Investing!

---

Invest in IPO by opening a demat account now!

 

More on IPOs