POLICYBAZAAR IPO
Premji Invest goes big on strategic output & tech
Premji Invest and Singularity AMC are likely to lead a $30-40 million round in Sanlayan at a valuation of about $200 million, according to the people. Separately, Premji Invest is in advanced talks to lead Hical’s first institutional funding round of $30-40 million, alongside TVS Capital.
PB Fintech, Delhivery improve Q2 profits; Binance's $6.3 billion caper
PB Fintech on Friday reported a strong jump in profit and revenue for the July-September quarter. This and more in today’s ETtech Top 5.
PB Fintech extends losing streak to 7 sessions, stock hits 32-month low
PB Fintech, the parent company of Policybazaar, has seen a significant decline in its stock value. Following a consultation paper from Irdai proposing caps on distributor commissions, the stock price has plummeted. The market capitalisation fell from ₹87,290 crore to ₹45,174 crore over the past seven sessions. This decline represents a loss of over 48% during this period. The stock is back at its initial public offering price of ₹980.
PB Fintech shares crash 50% from peak, fall below 2021 IPO price. More downside coming?
PB Fintech shares plunged 50% from their all-time high to drop below the 2021 IPO price of Rs 980. The sharp six-day selloff follows proposed IRDAI regulatory curbs on insurance distribution, prompting brokerages like Bernstein and Jefferies to cut target prices amid earnings pressure concerns.
IMC 2026 to put DeepTech at centre of startup programme ASPIRE
India Mobile Congress 2026 will take place from October 7 to 10 at Yashobhoomi Convention Centre in New Delhi. The event will emphasise DeepTech and frontier technologies to support startups advancing from prototype to market. Over 500 startups and 300 venture capital firms are expected to participate, fostering connections through one-on-one meetings.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Nifty’s indicative price plunged 2% in two seconds during the closing auction session on monthly expiry, before recovering sharply. Analysts cited crude volatility, high US Treasury yields, FII outflows, IPO fundraising and geopolitical tensions as key market pressures.
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Insurance commission revamp to push insurtech firms to the brink
The regulator has proposed lower commission limits for distributors that sell products from several insurers, with sharp cuts across health, term and motor insurance. Shares of PB Fintech fell 36% on Thursday to Rs 1,210 on the BSE, while Turtlemint stock was down 20% at Rs 109.10 to hit its daily lower circuit.The impact could be particularly significant for PB Fintech, the parent of Policybazaar, which lost around Rs 31,000 crore in market cap during Thursday’s trade.
IRDAI's commission reset impact; ETSA winner Progcap’s next bet
Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.
Stocks in news: Waaree Energies, PB Fintech, Lemon Tree Hotels and Dr Lal PathLabs
Indian equity markets saw significant declines, with the NSE Nifty 50 index dropping by over 380 points. PB Fintech experienced a sharp 36% plunge after regulatory changes. Waaree Energies expanded into the specialty gases business to supply semiconductor manufacturers. Dr Lal PathLabs approved the acquisition of a majority stake in SN Genelab Private Ltd. Several companies, including JSW Cement, faced regulatory scrutiny amid ongoing market fluctuations.
PB Fintech's revenue grows 70% to Rs 679 crore; losses narrow to Rs 87.6 crore in December quarter
The company narrowed its losses by over 70% to Rs 87.6 crore in the quarter ended December 31, compared to Rs 298 crore in the same period last year.
Policybazaar IPO allotment likely today: Here's how to check status
Policybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. The price range for the IPO was at Rs 940-980 per share.
Policybazaar's IPO subscribed 16.59 times, Sigachi sees 101x bids
The ₹5,710-crore IPO of PB Fintech, that operates Policybazaar, received bids for 57.24 crore equity shares against an offer size of 3.45 crore shares.
Policybazaar parent's IPO fully subscribed on Day 2
The issue has generated mixed recommendations from analysts, with some raising questions over the valuations. However, the majority believe it is an issue worth subscribing to, given the underpenetrated insurance market.
Policybazaar IPO subscribed 54% on Day 1
PB Fintech is India’s largest online platform for insurance (PolicyBazaar) and lending (Paisabazaar).
Policybazaar founders to cut sale of own shares in IPO by 85-90%
The increased interest in startup IPOs and headroom for further growth in business as well as valuation after the Policybazaar IPO led founders Yashish Dahiya and Alok Bansal to reduc their stake sale by 85-90% in value.
Policybazaar IPO kicks off: Should you stay away from the issue?
Reliance Securities said Policybazaar IPO is valued at 22.1x FY21 book value and 46x on market cap to FY21 sales, which looks stretched.
Policybazaar raises Rs 2,569 cr from insurance cos, anchors
The SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with investors like Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and others also participating.
Policybazaar raises Rs 2,569 crore from insurance cos, others in IPO anchor round
The SoftBank-backed startup saw bids that were nearly 40 times higher for the anchor slot of its initial public offering (IPO), with investors like Fidelity, Baillie Gifford, Dragoneer Group, BlackRock and others also participating.
PB Fintech covers a growing bazaar, look for a long-term play
PB Fintech, which owns the online insurance policy platform Policybazaar and online lending platform Paisabazaar, plans to raise Rs 3,750 crore through fresh issue of shares and up to Rs 1,960 crore through offer for sale.
Policybazaar parent to continue chasing long-term growth after IPO
Yashish Dahiya, cofounder and chairman of PB Fintech, said 80% of the company’s focus will be on growth and 20% will be on ‘efficiencies’.
Policybazaar IPO is likely to haunt investors in the unlisted market. Here's why
Shares of PB Fintech traded in the unlisted market in the range of Rs 2,000-2,300, just a week ago. However, the official IPO details have left the buyers with sleepless nights, who bought shares at 50-60 per cent premium.
PolicyBazaar parent's IPO to open on November 1
The price band for the issue has been set between Rs 940 and Rs 980 a share.
Policybazaar files DRHP with Sebi for Rs 6,000-crore IPO
Offering expected in November-December; startup likely to seek $5-6 billion valuation for IPO
Nykaa, Policybazaar to file papers to raise Rs 11,000 crore via IPOs
Investment banking sources told ET that lifestyle retailer Nykaa, which plans to raise ₹5,000 crore, will likely file its draft red herring prospectus (DRHP) by this weekend. Policybazaar will file its DRHP next week for a ₹6,000-crore IPO.
Policybazaar plans IPO to raise up to Rs 6,500 crore
Policybazaar parent PB Fintech has approved a resolution to raise up to Rs 6,500 crore, or $870 million, via an IPO, making it the fifth Indian startup to initiate proceedings to list on the national bourses.
Policybazaar IPO imminent
From Policybazaar's upcoming IPO to Byju's big acquisition and Netflix's gaming foray, here's a quick look at the top tech news today.
Serum Institute buys into PolicyBazaar, True North part exits
True North’s part exit from PolicyBazaar comes at a time when the insurance aggregator is lining up an initial public offering (IPO) for some time this year.
Policybazaar plans Mumbai IPO filing next month
The Policybazaar IPO, which could value the online insurance startup at over $3.5 billion, would involve new stocks and secondary shares from existing shareholders.
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