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

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