PB FINTECH LTD (POLICYBAZAAR) IPO Apply
Policybazaar has today built India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation, according to Frost & Sullivan. The company provides convenient access to insurance, credit and other financial products and aims to create awareness amongst Indian households about the financial impact of death, disease and damage.
Issue Size Up-to: ₹ 5710 crores
Price Band: ₹940 - ₹980
Lot Size: 15 shares and in multiples thereof
Company Strengths
a) India's largest digital insurance marketplace with 93.4% market share based on the number of policies sold in FY20*.
b) The platforms have financial products offered by 51 Insurer Partners and 54 Lending Partners.
Potential Risks
a) Part of a dynamic and competitive online fintech industry, making it difficult to predict future prospects.
b) Inability to cater to evolving needs of consumers may lead to challenges in retaining or attracting customers.
