Policy Bazaar IPO

Policybazaar is an Indian insurance aggregator and multinational financial technology company.

The company was founded in 2008 by Yashish Dahiya, Alok Bansal and Avaneesh Nirjar.

The company has set a price band of Rs 940-980 per share for the IPO.

PolicyBazaar IPO will open for subscriptions on November 1. The three-day IPO will conclude on November 3,

PolicyBazaar had a steady year of growth.

It has a market share of only 0.54% .

In FY 2018-19 _Total income was 529 Crores with Net loss of -347 Crores .

In FY 2019-20_ Total income was 856 Crores with Net Loss of -304 crores.

In FY 2020-21___ Total income was 957 Crores with Net loss of -150 crores .

The company's revenue is increasing year after year and its loss is also reducing which is a good sign .

The Future plan of the company is good , but at the present the fundamentals are not appealing . If we talk about number of policies they have sold then...

In FY 2019 they sold 3 Million policies

Then in FY 2021 they sold 7.2 Million policies .

Now there is a very good hype for its IPO and there is very high probability of listing gain just like Zomato !!!

Comments

Top 4 Tax saving investments

1. Public provident fund (PPF) . A public provident fund is an tax savings investment in india introduced by national saving institute of ministry of finance. Any Indian citizen can open PPF account The amount you invest upto 1,50,000 is deductible from your taxable income. The interest you earn is non taxable and the maturity amount you get after 15 years is also tax exempt. 2. National pension scheme (NPS) NPS is a government sponsored pension scheme. Any Indian citizen can invest in National pension scheme .You can make an annual contribution till you turn 60 years of age and minimum requirement is 18 years of age .If you invest in national pension scheme (NPS) then you van avail a deduction of 1.5 lakhs under section 80c and also an addition deduction benefit of 50,000 under section 80CCD. 3. Equity linked saving scheme (ELSS). An equity linked saving scheme (ELSS) is a type of diversified equity scheme which is close ended with a lock in period of three year...

The 50 30 20 Rule

Hello reader !! I hope you are doing well..! So what is 50-30-20 Rule ... Well it's a simple Rule which protects you from bankruptcy. In the past people didn't had any Rule for personal Finance so the people who were smart they saved the money for future and the one who weren't they just spends their hard earned money on unnecessary stuff's and ends up broke. In order to stay financial free we should follow this rule Here this 50_30_20 Rule helps you in order to achieve your financially Goal! Lets hop onto it! According to this Rule one's income is divided into three parts in the percentage of 50 ,30 and 20 ....where one should put 20 per cent of its income for savings and investments , 50 per cent for necessary/daily stuffs while 30 per cent for luxurious needs! Of course you can reduce the percentage of luxurious stuffs and add it to savings and investments! It totally depends upon you!

Risks Management in stock market !

Warren buffet has given two rules ... 1.Protect your capital 2.Never forget rule no. 1 Make sense right ? ofcourse it does . So never forget this two rules and you will have a nice career in stock market. Most people say its too risky to Invest or trade in stock market , or they say ‘You will loose all your money’ they are right But , Risks comes from not knowing what you are doing ...So to reduce risk ,learn more ! If you know fundamentals and technicals of a company and you are getting good signal to buy then you must ! Today most people do trading in stock market ! Day trading is quickest way to financial suicide . Swing trading is good and long term investment is better ! If you found a good stock then it is better to keep the stock as long as you can, because compounding is eighth wonder of world ! And you will get dividends too. J ust make one good strategy or adopt one good strategy and follow it . ....

The Source

Search This Blog