Policybazaar Unlisted Shares (Listed on Exchanges)

The company has built India’s largest online platform for insurance and lending products leveraging the power of technology, data, and innovation. It 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. Policybazaar was launched in 2008 to respond to Consumers’ need for more awareness and choose the best options for insurance available in the market. The company has been successful in building India’s largest online marketplace for insurance and lending products, leveraging the power of technology, data, and innovation. The company offers online research-based purchases of insurance and lending products. It further facilitates partners to innovate and design customized products for consumers by leveraging extensive data insights.

PB Fintech has two flagship products:

a) Policy Bazaar (100% subsidiary) – It basically caters to consumer demand for higher awareness, choice, and transparency towards the online sale of insurance products. It has thus evolved as India’s largest digital insurance marketplace, with market share of 93.4% (based on the number of policies sold); it constituted 65.3% of the digital insurance sales in India by volume as of FY20. It has partnered with ~51 insurers, and ~48m consumers have registered on its platform.

b) Paisabazaar (100% subsidiary) is the largest digital consumer credit marketplace, with market share of 51.4% on the basis of disbursals. It began its operations in FY14 with the goal to transform personal credit access by offering ease, convenience, and transparency in selecting a variety of consumer credit products. It is widely used to access credit scores, with ~21.5m consumers as of Mar’21. It has partnered with ~54 lenders across banks, NBFCs, and fintechs offering a wide choice of consumer credit products,such as personal loans, business loans, credit cards, home loans, and LAP.

SWOT Analysis

1. Strength
a) Leading player in online insurance distribution
b) Policy Bazaar is synonymous with policy in India. So, go to platform for buying and selling insurance.
c) They recently got the broker approval from SEBI. Now, they can take corporate business as well.

2. Weekness
a) Selling health insurance policy online is difficult as it involves the role of advisors to make understand the product features, what is covered, what is not covered etc.
b) Totally dependent upon the commission the companies are paying to them. In future, if they reduce the commission, the profitability might go down.

3. Opportunities
a) Premiums via online channel stand much Penetration levels remain the lowest for India across most segments lower at 1% for India v/s 5.5% for China and 13.3% for the US.
b) Increase of good telecommunication network and more smart phone users, have enabled consumers to book policies and loan online.
c) Total Gross Written Premium in General Life of FY20-21 stands ~2 Lakh Crores and with India GDP at ~200 Lakh Crores, the GWP/GDP size is just 1%, whereas global average is 2.8%. So, huge opportunity is available in Non-Life business and with greater penetration of telecom, more and more policies will be sold through digital mode.

4. Threats
The new D2C(Direct to Consumer) companies such as Go-Digit and Acko, they are investing heavily in Digitising insurance and underwriting. So, if more and more companies focussing on going digital first, competition will increase for PB Fintech.

How they have generated revenue in FY20-21?

Commission Income = 35%
Outsourcing Services = 52%
Rewards and Others = 12%

Competitive Strengths
a) Consumer-friendly brands offering a wide choice, transparency, and convenience
b) Collaborative partner for Insurer and Lending Partners
c) Capital efficient model with low operating costs

Policybazaar Unlisted Shares Details:

Total Available Shares:	200
Face Value:	₹ 2 Per Equity Share
ISIN:	INE417T01026

Promoters And Management:

1. Mr. Yashish Dahiya is the Chairman, Executive Director and CEO of our Company. He holds a bachelor’s degree in technology from Indian Institute of Technology, Delhi, a post-graduate diploma in management from Indian Institute of Management, Ahmedabad and a master’s degree in business administration from Institut Européen d'Administration des Affaires (INSEAD), France. He was 202 previously associated with ITW Signode India Limited, Bain & Company Inc. (London), eBookers PLC (UK) and CI2I Investments Limited. 2. Mr. Alok Bansal is a Whole-time Director and CFO of our Company. He holds a bachelor’s degree in technology from Shri Shahu Ji Maharaj University, Kanpur and a post-graduate diploma in management from Indian Institute of Management, Calcutta. He was previously associated with Voltas Limited, General Electric International Operations Co. Inc. (India), iGate Global Solutions Limited, Mahindra and Mahindra Limited and FE Global Technology Services Private Limited.

Financials of Policybazaar Unlisted Shares:

Particulars (in Cr.)	Mar-21	Mar-20	Mar-19
Sales	886	771	492
Employee Benefit Expenses	554	520	397
Internet Charges	58	50	31
Advertisement and Marketing	367	445	345
Other Expenses	65	74	53
Operating Profit	-158	-318	-334
OPM %	-17.83%	-41.25%	-67.89%
Other Income	70	84	36
Interest	11	11	7
Depreciation	41	47	30
Profit before tax	-141	-294	-337
Net Profit	-150	-304	-346
NPM %	-16.93%	-39.43%	-70.33%
No. of shares	40	40	40
EPS in Rs	-3.75	-7.60	-8.65

DRHP of Policy Bazaar IPO

Frequently Asked Questions:

Please find below the procedure for buying Policybazaar Unlisted Shares at UnlistedZone.

1. You confirm booking of Policybazaar Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Policybazaar Unlisted Shares is 6 months after listing. Hence you can’t sell Policybazaar Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Policybazaar Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Policybazaar Unlisted Shares.
2. We will give you our client master report and you will transfer the Policybazaar Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Policybazaar Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Policybazaar Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Policybazaar Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Policybazaar Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Policybazaar Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Policybazaar Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Policybazaar Unlisted Shares.
- b. Name of Policybazaar Unlisted Shares
- c. Quantity of Policybazaar Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Policybazaar Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Policybazaar Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Policybazaar Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy Policybazaar Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of Policybazaar Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Policybazaar Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Policybazaar Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Policybazaar Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Policybazaar Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Policybazaar Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their Policybazaar Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Policybazaar Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about Policybazaar Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Policybazaar Unlisted Shares (Listed on Exchanges)

Policybazaar Unlisted Shares Details:

Promoters And Management:

Financials of Policybazaar Unlisted Shares:

Frequently Asked Questions:

Discussion on Policybazaar Unlisted Shares:

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Policybazaar Unlisted Shares (Listed on Exchanges)

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Policybazaar Unlisted Shares Details:

Promoters And Management:

Financials of Policybazaar Unlisted Shares:

Frequently Asked Questions:

Discussion on Policybazaar Unlisted Shares:

Leave a Reply Cancel reply

Imp. Links

Imp. Links

Our Office :