
Technology / Financial Services · NSE / BSE
PB Fintech is India’s leading online platform for insurance and lending products, offering consumers easy access to insurance, credit, and other financial services while promoting awareness of financial risks. Launched in 2008, Policybazaar provides a digital marketplace where users can research, purchase, and manage insurance policies, partnering with 51 insurers to offer over 340 products, including term, health, motor, home, and travel insurance. By 2020, Policybazaar held a 93.4% market share in digital insurance policies sold in India. In 2014, PB Fintech launched Paisabazaar to simplify access to personal loans, credit cards, home loans, and loans against property, partnering with 54 banks and NBFCs. Paisabazaar became India’s largest digital consumer credit marketplace, holding a 51.4% market share in disbursals in 2020, enabling disbursals of ₹51,015 Mn, ₹65,496 Mn, and ₹29,168 Mn in fiscals 2019, 2020, and 2021, respectively.
Price Band
₹940 – ₹980
Issue Size
₹5625 Cr
Lot Size
15 shares
GMP
+13.8%
Est. Listing
₹1115
at current GMP
Subscribed
—
Open
1 Nov 2021
Close
3 Nov 2021
Allotment
10 Nov 2021
Refund
11 Nov 2021
Demat Credit
12 Nov 2021
Listing
15 Nov 2021
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹980
Band: ₹940 – ₹980
Estimated Listing Price
₹1115
Upper price + GMP
Lot Size
15 shares
Min investment ₹14,700
Estimated Profit / Lot
₹2,025
15 × ₹135
Grey Market Premium trend
+₹135
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹135 | 13.8% | ₹1115 |
| 30 Oct 2026 | +₹135 | 13.8% | ₹1115 |
| 29 Oct 2026 | +₹122 | 12.4% | ₹1102 |
GMP is unofficial market data. Not a guarantee of listing performance.
PB Fintech Limited is bringing an initial public offering (IPO) in the Technology / Financial Services sector with an aggregate issue size of ₹5,625 Crores. The shares are offered at a price band of ₹940 to ₹980 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 15 shares (approx. ₹14,700 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-11-12, while un-allotted funds or UPI block mandates will be released on 2021-11-11.
The latest grey market premium for PB Fintech Limited IPO is ₹135, which indicates an expected listing price of ₹1115.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.