PB Fintech (PolicyBazaar) IPO
PolicyBazaar operates India's largest online insurance marketplace, allowing consumers to compare and purchase insurance policies across life, health, motor, and travel segments. The company's IPO attracted significant investor attention due to India's rapidly growing digital insurance market and PolicyBazaar's dominant market position.
Key Facts
| Industry | Insurance Technology |
| Founded | 2008 |
| Headquarters | Gurugram, India |
| Employees | ~8,000 |
| Website | policybazaar.com |
| Funding | Public company, IPO in November 2021 at ₹980 per share |
About PB Fintech (PolicyBazaar)
PB Fintech operates PolicyBazaar, India's largest online insurance marketplace, along with PaisaBazaar, a lending marketplace. The company has fundamentally transformed how Indians purchase insurance by providing a digital platform that allows customers to compare policies across multiple insurers, receive personalized recommendations, and complete purchases online. PolicyBazaar covers health, life, motor, and travel insurance products from over 50 insurance partners.
The company has built significant market leadership in India's rapidly digitizing insurance sector, processing millions of policy applications annually. Beyond transaction facilitation, PB Fintech has developed proprietary technology for risk assessment, fraud detection, and customer onboarding that has helped bring insurance penetration to previously underserved segments of the Indian population. The platform's data analytics capabilities and customer insights have made it an essential distribution channel for insurance providers in India.
IPO Status
PB Fintech, the parent company of PolicyBazaar, went public on November 15, 2021, with shares listing on both BSE and NSE. The IPO was priced at ₹980 per share and raised approximately ₹5,710 crores, making it one of the largest tech IPOs in India at the time. The stock had a lukewarm debut, listing at ₹1,150 on NSE, representing a 17% premium to the issue price. However, like many other tech stocks globally, PolicyBazaar's shares faced volatility in the months following the IPO due to market conditions and investor sentiment toward high-growth technology companies.
Competitors
Frequently Asked Questions
Does PB Fintech (PolicyBazaar) have a stock?
Yes, PolicyBazaar (PB Fintech) completed its IPO in November 2021. The company's shares are publicly traded on Indian stock exchanges BSE and NSE.
When is the PB Fintech (PolicyBazaar) IPO date?
PolicyBazaar already went public on November 15, 2021. The IPO date has passed, and the company is now a publicly traded entity.
How can I buy PB Fintech (PolicyBazaar) stock?
You can buy PolicyBazaar stock (PB Fintech) through any registered stockbroker in India on BSE or NSE. The stock trades under the ticker symbols PBFINTECH on both exchanges.
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