News Update

Policybazaar IPO fully subscribed on day

• ByStartupStory     |    November 2, 2021

PB Fintech, which owns policy bazaar saw a subscription rate of 1.59 on the second day of November. The retail investors were at the front for whom about 10% of the offer is reserved. PB Fintech, India’s largest online platform that is known for insurance and lending products encourages the power of various aspects like technology, data, innovation etc and it aims to mobilise 5,700 rs through IPO.

The strength of the organisation is strongly reflected in the second half of 2021 where 83% of the policies sold on policy bazaar and 66% originated in Paisabazaar, were the consumers who came to the company through online brand searches. 

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