PB Fintech Limited (PolicyBazaar IPO)

Mainboard

e-Commerce

Listed On: Nov 15, 2021 at ₹ 1150.00(NSE)

₹ 14700 /15 Shares

Check Allotment

Price Summary

Last Closing

1,943.00 (98.27%)

52 Week High

1,966.50

52 Week Low

661.30

Last Update

20-Sep-2024 3:30 PM

IPO Details

01 Nov, 2021

Open Date

03 Nov, 2021

Close Date

10 Nov, 2021

Allotment Date

15 Nov, 2021

Listing Date

Issue Price

₹940-980 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Limited

List Price

1150.00(NSE)

Listing Date

2021-11-15

Market Lot

15 Shares (₹14,700/-)

Lead Manager

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited , Citigroup Global Markets India Private Limited, ICICI Securities Limited, HDFC Bank Limited, IIFL Securities Limited, Jefferies India Private Limited

Issue Size

₹5625 Crores: ₹3,750 Cr Fresh Issue + ₹1,875 Cr Offer for Sale

Retail Portion

10% (Number of Retail Applications : 3,88,300 Approx)

Subscription

16.58 times

IPO Docs

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	174,78,720	87,39,359	58,26,239	320,44,318
Day 1 - 01-11-21 04:30 PM	0.56 x	0.04	1.04 x	0.50 x
Day 2 - 02-11-21 04:30 PM	2.09 x	0.24	2.04 x	1.59 x
Day 3 - 03-11-21 05:00 PM	24.88 x	7.83	3.31 x	16.58 x

Total No. of Applications: 1095622 (Approx)

Retail Subscription on the basis of Applications: 2.82 times

Valuations

Earnings Per Share (EPS)

₹N/A/-

P/E Ratio

N/A

RoNW

N/A%

Net Asset Value (NAV) - As on 30.06.21

₹51.19

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	2,330.72	1,575.99	751.44
Revenue	957.41	855.56	528.80
Profit After Tax	(150.24)	(304.02)	(346.81)

About The Company

Policybazaar, their flagship platform, in 2008 to respond to Consumers’ need for more awareness, choice, and transparency and create a consumer-pull-based, provider-neutral model for insurance distribution.

In 2014, they launched Paisabazaar with the goal to transform how Indians access personal credit by accentuating ease, convenience, and transparency in selecting a variety of personal loans and credit cards.

According to Frost & Sullivan, in Fiscal 2020, Policybazaar was India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold. Furthermore, in Fiscal 2020, 65.3% of all digital insurance sales in India by volume was transacted through Policybazaar.

Their Policybazaar and Paisabazaar platform offerings address the large and highly underpenetrated online insurance and lending markets. They have an asset-light capital strategy and do not underwrite any insurance or retain any credit risk on their books. Policybazaar is registered with and regulated by IRDAI as a direct (life and general) insurance broker.

They have built India’s largest online platform for insurance and lending products leveraging the power of technology, data, and innovation, according to Frost & Sullivan.

They provide convenient access to insurance, credit, and other financial products and aim to create awareness amongst Indian households about the financial impact of death, disease, and damage. Through their consumer-centric approach, they seek to enable online research-based purchases of insurance and lending products and increase transparency, which enables consumers to make informed choices.

- Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

IPO - Issue Objectives

For enhancing visibility and awareness of company’s brands, including but not limited to “Policybazaar” and “Paisabazaar” - Rs.15,000 Million;
New opportunities to expand company’s consumer base including offline presence - Rs.3,750 Million;
Funding strategic investments and acquisitions - Rs.6,000 Million;
Expanding presence outside India - Rs.3,750 Million; and
General corporate purposes.

IPO - Anchor Investors

Policybazaar mobilises Rs 2,569.37 crore from 155 anchor investors

Marquee investors participated in the anchor book were New World Fund Inc, American Funds Insurance Series, Blackrock, Baillie Gifford, Pacific Horizon Investment Trust Plc, Canada Pension Plan Investment Board, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs, Aberdeen Global, Nomura, Carmignac Portfolio, Schroder Fund, Baron, and WF Asian Smaller Companies Fund.

Domestic investors also invested in the insurance aggregator and consumer credit company including HDFC MF, ICICI Prudential, SBI MF, Axis MF, Aditya Birla Sun Life Trustee, Kotak Mutual Fund, Nippon Life, UTI MF, Franklin MF, DSP MF, Bajaj Allianz Life Insurance, HDFC Life Insurance, SBI Life Insurance, and Max Life Insurance

IPO - FAQs

Ans. PB Fintech Limited (PolicyBazaar IPO) is a Mainboard IPO. The issue is priced at ₹940-980 per equity share. The minimum order quantity is 15 Shares. The IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The PB Fintech Limited (PolicyBazaar IPO) opens on Nov 1, 2021 and closes on Nov 3, 2021.

Ans. The size of PB Fintech Limited (PolicyBazaar IPO) is ₹5625 Crores: ₹3,750 Cr Fresh Issue + ₹1,875 Cr Offer for Sale.

Ans. The IPO price band is set between ₹940-980 per equity share.

Ans. To apply for PB Fintech Limited (PolicyBazaar IPO) IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find PB Fintech Limited (PolicyBazaar IPO) in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of PB Fintech Limited (PolicyBazaar IPO) is Nov 10, 2021.

Ans. The PB Fintech Limited (PolicyBazaar IPO) will be listed on Nov 15, 2021.

Ans. Follow the steps to check the allotment status for PB Fintech Limited (PolicyBazaar IPO) here.