Fino Payments Bank IPO vs PolicyBazaar IPO

Comparision between Fino Payments Bank IPO and PolicyBazaar IPO.

IPO Details

Fino Payments Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while PolicyBazaar IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fino Payments Bank IPO	PolicyBazaar IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Clsa India Private Limited ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Citigroup Global Markets India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd Jefferies India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Fino Payments Bank IPO is up to ₹1,200.29 Cr whereas the issue size of the PolicyBazaar IPO is up to ₹5,625.00 Cr. The final issue price of Fino Payments Bank IPO is ₹577.00 per share and of PolicyBazaar IPO is ₹980.00 per share.

	Fino Payments Bank IPO	PolicyBazaar IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹560.00 per share	₹940.00 per share
Issue Price (Upper)	₹577.00 per share	₹980.00 per share
Issue Price (Final)	₹577.00 per share	₹980.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹3,750.00 Cr
OFS Issue Size	1,56,02,999 shares
OFS Issue Size (Amount)	up to ₹900.29 Cr	up to ₹1,875.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,200.29 Cr	up to ₹5,625.00 Cr

IPO Timetable

Fino Payments Bank IPO opens on Oct 29, 2021, while PolicyBazaar IPO opens on Nov 01, 2021. The closing date of Fino Payments Bank IPO and PolicyBazaar IPO is Nov 02, 2021, and Nov 03, 2021, respectively.

	Fino Payments Bank IPO	PolicyBazaar IPO
Anchor Bid Date
Issue Open	Oct 29, 2021	Nov 01, 2021
Issue Close	Nov 02, 2021	Nov 03, 2021
Basis Of Allotment (Tentative)	Nov 09, 2021	Nov 10, 2021
Initiation of Refunds (Tentative)	Nov 10, 2021	Nov 11, 2021
Credit of Share (Tentative)	Nov 11, 2021	Nov 12, 2021
Listing date (Tentative)	Nov 12, 2021	Nov 15, 2021
Anchor Lockin End date 1	Dec 09, 2021	Dec 10, 2021
Anchor Lockin End date 2	Feb 07, 2022	Feb 08, 2022

Financials

Fino Payments Bank IPO P/E ratio is , as compared to PolicyBazaar IPO P/E ratio of .

Fino Payments Bank IPO

PolicyBazaar IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-March-21	31-Mar-20	31-Mar-19
Total Assets	10,102.91	6,240.01	6,840.72
Total Revenue	7,910.27	6,913.97	3,711.21
Profit After Tax	204.74	(320.36)	(623.84)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	30-Jun-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	22,789.05	18,555.10	23,307.26	15,759.99	7,514.48
Total Revenue	2,581.74	1,912.73	9,574.13	8,555.63	5,288.07
Profit After Tax	(1,108.44)	(597.53)	(1,502.42)	(3,040.29)	(3,468.11)

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fino Payments Bank IPO retail investors (RII) are offered 20,75,031 shares while in PolicyBazaar IPO retail investors are offered 20,75,031 shares. Qualified institutional buyers (QIB) are offered 62,25,094 shares in Fino Payments Bank IPO and 1,93,29,621 shares in PolicyBazaar IPO.

	Fino Payments Bank IPO	PolicyBazaar IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	62,25,094 shares	1,93,29,621 shares
NII	31,12,546 shares	91,09,539 shares
RII	20,75,031 shares	60,73,026 shares
Employee	51,993 shares	0 shares
Others
Total	1,14,64,664 shares	3,45,12,186 shares

Bids Received (Subscription)

Fino Payments Bank IPO subscribed 2.03x in total, whereas PolicyBazaar IPO subscribed 16.58x.

	Fino Payments Bank IPO	PolicyBazaar IPO
QIB (times)	1.64x	24.89x
NII (times)	0.21x	7.82x
Big NII (times)
Small NII (times)
RII (times)	5.92x	3.31x
Employee (times)	0.93x
Other (times)
Total (times)	2.03x	16.58x

Compare with others

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