{"id":284840,"date":"2026-10-01T17:37:23","date_gmt":"2026-10-01T12:07:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=284840"},"modified":"2026-10-01T17:37:23","modified_gmt":"2026-10-01T12:07:23","slug":"pb-fintech-share-price-irdai-commission-ipo-price","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/","title":{"rendered":"PB Fintech Share Price Is Back Near the IPO Price: Why the Policybazaar Parent Lost Nearly 48% in Six Sessions After IRDAI&#8217;s Commission Cap Proposal"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>PB Fintech near Rs 990 on 1 Oct vs IPO price Rs 980. Down about 47% from Rs 1,886.30 on 23 Sep. IRDAI draft released 23 Sep. Targets cut to Rs 1,150 to Rs 1,540.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">PB Fintech share price slid to around Rs 990 on 1 October, close to its IPO price of Rs 980, after falling about 47% in six sessions from Rs 1,886.30 on 23 September. The fall began when IRDAI&#8217;s 23 September consultation paper proposed commission caps that could cut the take rate of distributors such as Policybazaar. Brokerages have cut target prices to between Rs 1,150 and Rs 1,540, with Jefferies still at Buy and HSBC at Hold. The caps are only a draft, so the final rules and the company&#8217;s cost response will decide the next move.<\/p>\n<\/p><\/div>\n<p>The PB Fintech share price today is within about 1.5% of the Rs 980 at which the Policybazaar parent sold shares in its November 2021 IPO. The stock had traded as high as Rs 1,964.20 in the past year, so the PB Fintech IPO price has come back into view in just six trading sessions. The IRDAI commission draft is behind the fall.<\/p>\n<p>If you are searching for why the PB Fintech share price crashed, this article covers the IRDAI consultation paper, the day-by-day fall, how HSBC, Jefferies and other brokerages reacted, the take rate risk, the market capitalisation lost, the ASM surveillance measures and the 52-week low levels to watch. Price data is based on NSE and BSE figures, so recheck it before acting.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=pb-fintech-share-price-irdai-commission-ipo-price\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Why_Did_PB_Fintech_Share_Price_Crash_After_the_IRDAI_Draft\" title=\"Why Did PB Fintech Share Price Crash After the IRDAI Draft?\">Why Did PB Fintech Share Price Crash After the IRDAI Draft?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#PB_Fintech_Share_Price_Since_23_September_Six_Sessions_in_Numbers\" title=\"PB Fintech Share Price Since 23 September: Six Sessions in Numbers\">PB Fintech Share Price Since 23 September: Six Sessions in Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#What_Did_the_IRDAI_Commission_Draft_Propose\" title=\"What Did the IRDAI Commission Draft Propose?\">What Did the IRDAI Commission Draft Propose?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#PB_Fintech_Share_Price_Targets_What_Brokerages_Say_After_the_Cuts\" title=\"PB Fintech Share Price Targets: What Brokerages Say After the Cuts\">PB Fintech Share Price Targets: What Brokerages Say After the Cuts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#PB_Fintech_Share_Price_Valuation_After_the_Fall\" title=\"PB Fintech Share Price Valuation After the Fall\">PB Fintech Share Price Valuation After the Fall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Exchange_Surveillance_PB_Fintech_Under_the_ASM_Framework\" title=\"Exchange Surveillance: PB Fintech Under the ASM Framework\">Exchange Surveillance: PB Fintech Under the ASM Framework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#What_PB_Fintech_Can_Do_About_the_Commission_Cap\" title=\"What PB Fintech Can Do About the Commission Cap\">What PB Fintech Can Do About the Commission Cap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#PB_Fintech_Share_Price_Today_Levels_to_Watch\" title=\"PB Fintech Share Price Today: Levels to Watch\">PB Fintech Share Price Today: Levels to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Risks_Behind_the_PB_Fintech_Share_Price\" title=\"Risks Behind the PB Fintech Share Price\">Risks Behind the PB Fintech Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#What_Should_Investors_Watch_Next\" title=\"What Should Investors Watch Next?\">What Should Investors Watch Next?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Why_did_PB_Fintech_share_price_crash\" title=\"Why did PB Fintech share price crash?\">Why did PB Fintech share price crash?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#What_is_the_PB_Fintech_IPO_price\" title=\"What is the PB Fintech IPO price?\">What is the PB Fintech IPO price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#What_did_IRDAI_propose_for_insurance_commissions\" title=\"What did IRDAI propose for insurance commissions?\">What did IRDAI propose for insurance commissions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Are_the_IRDAI_commission_caps_final\" title=\"Are the IRDAI commission caps final?\">Are the IRDAI commission caps final?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#What_are_the_PB_Fintech_target_prices_after_the_fall\" title=\"What are the PB Fintech target prices after the fall?\">What are the PB Fintech target prices after the fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#How_much_market_value_has_PB_Fintech_lost\" title=\"How much market value has PB Fintech lost?\">How much market value has PB Fintech lost?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Why_is_PB_Fintech_under_the_ASM_framework\" title=\"Why is PB Fintech under the ASM framework?\">Why is PB Fintech under the ASM framework?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/pb-fintech-share-price-irdai-commission-ipo-price\/#Is_PB_Fintech_a_good_stock_to_buy_after_the_crash\" title=\"Is PB Fintech a good stock to buy after the crash?\">Is PB Fintech a good stock to buy after the crash?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_PB_Fintech_Share_Price_Crash_After_the_IRDAI_Draft\"><\/span><strong>Why Did PB Fintech Share Price Crash After the IRDAI Draft?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The PB Fintech share price crashed because IRDAI proposed lower commissions for insurance distributors, which are the main source of Policybazaar&#8217;s revenue. On 23 September the regulator released a consultation paper titled Recalibrating Economics of Insurance Distribution, and on 24 September the stock fell 36% to Rs 1,207.20, hitting an 18-month low.<\/p>\n<p>An insurer&#8217;s selling cost is a distributor&#8217;s revenue. When regulators cap what insurers may spend on distribution, the pool that pays agents, banks and online platforms shrinks, and a platform that keeps a share of each premium sees its take rate fall.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PB_Fintech_Share_Price_Since_23_September_Six_Sessions_in_Numbers\"><\/span><strong>PB Fintech Share Price Since 23 September: Six Sessions in Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Date<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Event<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">PB Fintech price<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close before the IRDAI draft became public<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,886.30<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fell 36% to an 18-month low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,207.20<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">25 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HSBC downgrades to Hold, other brokers cut targets<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Not verified<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">29 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,081<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hits a new 52-week low, placed under ASM framework<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 1,064<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 October<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Slides toward the IPO price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Around Rs 990 to Rs 1,000<\/td>\n<\/tr>\n<\/table>\n<p>The PB Fintech share price has fallen roughly 47% from the 23 September close, which has cut the market capitalisation from about Rs 88,500 crore to about Rs 46,600 crore, a loss of roughly Rs 42,000 crore. That figure is my calculation from reported prices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Did_the_IRDAI_Commission_Draft_Propose\"><\/span><strong>What Did the IRDAI Commission Draft Propose?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Product<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Proposed commission limit<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Individual life, premium term of 10 years or more<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">First-year cap of 20% for distribution entities and 25% for individual agents<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Individual health<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">15% in the first year and 5% on renewal<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Third-party motor insurance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Zero commission for distribution entities<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distributor payments<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Different forms of payment to be counted so limits cannot be bypassed<\/td>\n<\/tr>\n<\/table>\n<p>The proposals are a consultation and not final rules. IRDAI has invited feedback from stakeholders before it decides how to proceed, so the final caps could be softer, harsher or phased in, and the PB Fintech share price now trades on expectations and not on final rules.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PB_Fintech_Share_Price_Targets_What_Brokerages_Say_After_the_Cuts\"><\/span><strong>PB Fintech Share Price Targets: What Brokerages Say After the Cuts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Brokerage<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">New target<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Earlier target<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HSBC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold (downgrade)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,150<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,100<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Motilal Oswal<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Neutral<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,150<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,820<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dolat Capital<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell (downgrade)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,150<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,660<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bank of America Securities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Neutral<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,410<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,970<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,540<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,050<\/td>\n<\/tr>\n<\/table>\n<p>Jefferies estimates that a 10% fall in new business commission rates could cut earnings by 10% to 12%, and it flagged a material near-term earnings impact. Reports put the maximum earnings risk at up to 46%. On the same day, 16 of 25 analysts still rated the stock a Buy, five a Hold and four a Sell, and targets of Rs 1,150 to Rs 1,540 still sit above the current PB Fintech share price.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Check the Univest Screener for live data on insurance and fintech stocks<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PB_Fintech_Share_Price_Valuation_After_the_Fall\"><\/span><strong>PB Fintech Share Price Valuation After the Fall<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Note<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Company (NSE: POLICYBZR, BSE: 543390)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\"><a href=\"https:\/\/univest.in\/stocks\/policybzr\/pb-fintech-ltd-share-price-today\">PB Fintech<\/a><\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Owner of Policybazaar and Paisabazaar<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">IPO price, November 2021<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 980<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Listed at Rs 1,150<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,964.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The current price is about 49% below it<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 46,600 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mid-cap after the fall<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">P\/E before the fall, 23 September<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 116 times<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Roughly 60 times at around Rs 994, my calculation<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">FY25 revenue and profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 4,977 crore and Rs 353 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profitable since FY24<\/td>\n<\/tr>\n<\/table>\n<p>The PB Fintech share price has been below Rs 980 before. It hit a record low of Rs 356.20 in November 2022 and then recovered to nearly Rs 2,000, so the IPO price is a psychological level and not a floor.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track live prices of insurance and fintech stocks.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exchange_Surveillance_PB_Fintech_Under_the_ASM_Framework\"><\/span><strong>Exchange Surveillance: PB Fintech Under the ASM Framework<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>NSE and BSE have placed PB Fintech under the short-term Additional Surveillance Measure framework. Exchanges use it to flag unusual price moves and volatility, and it can bring tighter margin requirements and trading limits. It signals caution about the PB Fintech share price and says nothing about the company&#8217;s business.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_PB_Fintech_Can_Do_About_the_Commission_Cap\"><\/span><strong>What PB Fintech Can Do About the Commission Cap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company has said it would focus on cost optimisation, including slower hiring and lower marketing spend. Motilal Oswal estimates that cutting employee and advertising costs by 20% would limit the earnings cut to about 30%, which would put the PB Fintech share price at 57 times earnings against 73 times without the savings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PB_Fintech_Share_Price_Today_Levels_to_Watch\"><\/span><strong>PB Fintech Share Price Today: Levels to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Level<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Why it matters<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 980<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">The November 2021 IPO price<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 988 to Rs 1,002<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1 October intraday low and 52-week low area<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,064<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">30 September close, first resistance<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,150<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Target set by HSBC, Motilal Oswal and Dolat<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,207.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">24 September close after the 36% fall<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,886.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23 September close before the draft<\/td>\n<\/tr>\n<\/table>\n<p>These are reference levels for the PB Fintech share price based on past prices, not forecasts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_Behind_the_PB_Fintech_Share_Price\"><\/span><strong>Risks Behind the PB Fintech Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Final IRDAI rules:<\/strong> Harsher caps than the draft would cut take rates further, while softer rules could trigger a sharp rebound in the PB Fintech share price.<\/p>\n<p><strong>Earnings estimates:<\/strong> Brokerages still have to turn the draft into numbers, and more cuts could follow and pressure the PB Fintech share price.<\/p>\n<p><strong>Surveillance measures:<\/strong> ASM can raise trading costs and limit speculative buying.<\/p>\n<p><strong>Valuation:<\/strong> Even after the fall, the PB Fintech share price trades at roughly 60 times trailing earnings.<\/p>\n<p><strong>Sector contagion:<\/strong> Other distributors and insurers also fell, so sentiment toward the sector can swing together.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Watch_Next\"><\/span><strong>What Should Investors Watch Next?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>IRDAI&#8217;s final regulations after the consultation period.<\/li>\n<li>Q2 FY27 results and management commentary on take rates and cost cuts.<\/li>\n<li>Revisions to brokerage estimates and target prices.<\/li>\n<li>Whether the PB Fintech share price holds the Rs 980 IPO price or breaks below it.<\/li>\n<li>Any change in the exchange surveillance status.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The PB Fintech share price has fallen about 47% in six sessions to near its Rs 980 IPO price because IRDAI&#8217;s draft could cut commissions across life, health and motor insurance. Brokerages have lowered targets to Rs 1,150 to Rs 1,540, but the caps are not final and the company can cut costs. Rs 980 and Rs 1,064 are the levels to watch, and the final IRDAI rules are the key event. Consult a SEBI-registered advisor before making any decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_PB_Fintech_share_price_crash\"><\/span><strong>Why did PB Fintech share price crash?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PB Fintech share price today is near Rs 990 after IRDAI&#8217;s 23 September consultation paper proposed caps on insurance commissions. The stock fell 36% on 24 September and has lost about 47% in six sessions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PB_Fintech_IPO_price\"><\/span><strong>What is the PB Fintech IPO price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The PB Fintech IPO price was Rs 980 per share in November 2021. The stock listed at Rs 1,150 and traded near Rs 990 on 1 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_IRDAI_propose_for_insurance_commissions\"><\/span><strong>What did IRDAI propose for insurance commissions?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> IRDAI proposed product-wise and channel-wise limits, including a 20% first-year cap on individual life policies of 10 years or more for distribution entities. It also proposed 15% in the first year and 5% on renewal for individual health and zero commission on third-party motor.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_the_IRDAI_commission_caps_final\"><\/span><strong>Are the IRDAI commission caps final?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The caps are part of a consultation paper, and IRDAI has invited feedback before deciding on final rules, so the PB Fintech share price remains exposed to the outcome.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_PB_Fintech_target_prices_after_the_fall\"><\/span><strong>What are the PB Fintech target prices after the fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> HSBC, Motilal Oswal and Dolat have targets of Rs 1,150, Bank of America has Rs 1,410 and Jefferies has Rs 1,540. These are broker estimates for the PB Fintech share price and not guaranteed returns.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_market_value_has_PB_Fintech_lost\"><\/span><strong>How much market value has PB Fintech lost?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> At around Rs 994 the market capitalisation is about Rs 46,600 crore, compared with about Rs 88,500 crore at the 23 September close, which is a loss of roughly Rs 42,000 crore by my calculation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_PB_Fintech_under_the_ASM_framework\"><\/span><strong>Why is PB Fintech under the ASM framework?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> NSE and BSE use the Additional Surveillance Measure framework to flag unusual price moves and volatility. It can bring tighter margins and trading limits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_PB_Fintech_a_good_stock_to_buy_after_the_crash\"><\/span><strong>Is PB Fintech a good stock to buy after the crash?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article does not constitute investment advice. The PB Fintech share price faces regulatory uncertainty and a high valuation, although the caps are only a draft. Consult a SEBI-registered financial advisor before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did PB Fintech share price crash?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PB Fintech share price today is near Rs 990 after IRDAI's 23 September consultation paper proposed caps on insurance commissions. The stock fell 36% on 24 September and has lost about 47% in six sessions.\"}},{\"@type\":\"Question\",\"name\":\"What is the PB Fintech IPO price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The PB Fintech IPO price was Rs 980 per share in November 2021. The stock listed at Rs 1,150 and traded near Rs 990 on 1 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What did IRDAI propose for insurance commissions?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"IRDAI proposed product-wise and channel-wise limits, including a 20% first-year cap on individual life policies of 10 years or more for distribution entities. It also proposed 15% in the first year and 5% on renewal for individual health and zero commission on third-party motor.\"}},{\"@type\":\"Question\",\"name\":\"Are the IRDAI commission caps final?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The caps are part of a consultation paper, and IRDAI has invited feedback before deciding on final rules, so the PB Fintech share price remains exposed to the outcome.\"}},{\"@type\":\"Question\",\"name\":\"What are the PB Fintech target prices after the fall?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HSBC, Motilal Oswal and Dolat have targets of Rs 1,150, Bank of America has Rs 1,410 and Jefferies has Rs 1,540. These are broker estimates for the PB Fintech share price and not guaranteed returns.\"}},{\"@type\":\"Question\",\"name\":\"How much market value has PB Fintech lost?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"At around Rs 994 the market capitalisation is about Rs 46,600 crore, compared with about Rs 88,500 crore at the 23 September close, which is a loss of roughly Rs 42,000 crore by my calculation.\"}},{\"@type\":\"Question\",\"name\":\"Why is PB Fintech under the ASM framework?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"NSE and BSE use the Additional Surveillance Measure framework to flag unusual price moves and volatility. It can bring tighter margins and trading limits.\"}},{\"@type\":\"Question\",\"name\":\"Is PB Fintech a good stock to buy after the crash?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article does not constitute investment advice. The PB Fintech share price faces regulatory uncertainty and a high valuation, although the caps are only a draft. Consult a SEBI-registered financial advisor before investing.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PB Fintech share price fell about 47% in six sessions to near its Rs 980 IPO price after IRDAI&#8217;s commission cap draft. See analyst cuts and levels.<\/p>\n","protected":false},"author":28,"featured_media":284836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[860,7940,7079,5603,7939,7426],"class_list":["post-284840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-insurance-stocks","tag-ipo-price","tag-irdai","tag-pb-fintech","tag-pb-fintech-share-price","tag-policybazaar"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["284836"],"rank_math_title":["PB Fintech Share Price Today: Back at IPO Price After 48% Fall"],"rank_math_description":["PB Fintech share price today fell to near the Rs 980 IPO price after a 48% drop in six sessions on IRDAI commission caps. See analyst cuts, risks and levels."],"rank_math_focus_keyword":["PB Fintech share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"_edit_lock":["1790856485:28"],"_last_editor_used_jetpack":["block-editor"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/10\/pb-fintech-share-price-is-back-near-the-ipo-price-why-the-policybazaar-parent.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/284840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=284840"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/284840\/revisions"}],"predecessor-version":[{"id":284841,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/284840\/revisions\/284841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/284836"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=284840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=284840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=284840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}