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Policybazaar IPO

Open 1st Nov 2021 · Close 3rd Nov 2021 · Listing 15th Nov 2021

Price Band₹940.00–₹980.00
Live GMP₹135.00
SubscriptionNO DATA
Issue Size₹5,709.71 Cr
Allotment10th Nov 2021

At a glance

Updated 2026-08-23

Policybazaar is a Mainboard IPO with an issue size of ₹5,709.71 crore, proposed for listing on BSE, NSE. The offer opens on 1st Nov 2021 and closes on 3rd Nov 2021. The issue structure includes a fresh issue of ₹3,750.00 crore and an offer-for-sale component of ₹1,959.71 crore. The current listing schedule points to 15th Nov 2021.

Issue details

Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹5,709.71 Cr
Fresh issue₹3,750.00 Cr
Offer for sale₹1,959.71 Cr
Face value₹2
Price band₹940.00–₹980.00
Allotment10th Nov 2021
Listing15th Nov 2021

Grey market

GMP page ↗
Latest GMP₹135.00
GMP / upper price13.78%
Est. listing₹1,115.00
GMP is unofficial sentiment data, not an exchange price.

Timeline

Opens1st Nov 2021
Closes3rd Nov 2021
Allotment10th Nov 2021
Refund11th Nov 2021
Demat12th Nov 2021
Listing15th Nov 2021

Subscription demand

Full bidding ↗
NO DATAWaiting for a verified live exchange update.

Company

Use of proceeds

ObjectAmount
Enhancing visibility and awareness of our brands, including but not limited to “Policybazaar” and “Paisabazaar”₹1,500.00 Cr
New opportunities to expand growth initiatives to increase our Consumer base including offline presence₹375.00 Cr
Funding Strategic investments and acquisitions₹600.00 Cr
Expanding our presence outside India₹375.00 Cr
General corporate purposes₹763.09 Cr

31 Mar 2010

Assets1,576.00
Total Income855.56
EBITDA-319.89
Profit After Tax-304.03
NET Worth1,265.85
Reserves and Surplus1,264.74

31 Mar 2019

Assets751.45
Total Income528.81
EBITDA-336.09
Profit After Tax-346.81
NET Worth490.29
Reserves and Surplus489.42

31 Mar 2021

Assets2,330.73
Total Income957.41
EBITDA-159.76
Profit After Tax-150.24
NET Worth1,991.73
Reserves and Surplus1,990.50

30 Jun 2021

Assets2,278.91
Total Income258.17
EBITDA-118.36
Profit After Tax-110.84
NET Worth1,952.15
Reserves and Surplus1,869.90
Trend chart₹ crore

KPIs

KPIIssue ExpensesEst Amt (₹ Cr.)
1Book Running Lead Managers’ fees168.45
2Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs8.26
3Fees payable to the Registrar to the Offer
4Fees payable to the other advisors to the Offer5.36
5Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses11.55
6Printing and stationery3.1
7Advertising and marketing expenses2.74
8Fee payable to legal counsels7.53
9Miscellaneous1.59

Issue expenses

ExpenseAmount
Book Running Lead Managers’ fees₹168.45 Cr
Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs₹8.26 Cr
Fees payable to the Registrar to the Offer
Fees payable to the other advisors to the Offer₹5.36 Cr
Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses₹11.55 Cr
Printing and stationery₹3.10 Cr
Advertising and marketing expenses₹2.74 Cr
Fee payable to legal counsels₹7.53 Cr
Miscellaneous₹1.59 Cr

Registrar & lead managers

Registrar

MUFG Intime India Pvt.Ltd.

Lead managers

  • Kotak Mahindra Capital Co.Ltd.

Offer documents

Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.