PolicyBazaar IPO vs Sapphire Foods IPO

Comparision between PolicyBazaar IPO and Sapphire Foods IPO.

IPO Details

PolicyBazaar IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sapphire Foods IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	PolicyBazaar IPO	Sapphire Foods 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	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	Bofa Securities India Limited ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited
Registrar	Link Intime India Private Ltd	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 PolicyBazaar IPO is up to ₹5,625.00 Cr whereas the issue size of the Sapphire Foods IPO is up to ₹2,073.25 Cr. The final issue price of PolicyBazaar IPO is ₹980.00 per share and of Sapphire Foods IPO is ₹1,180.00 per share.

	PolicyBazaar IPO	Sapphire Foods IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹940.00 per share	₹1,120.00 per share
Issue Price (Upper)	₹980.00 per share	₹1,180.00 per share
Issue Price (Final)	₹980.00 per share	₹1,180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	15 shares	12 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹3,750.00 Cr
OFS Issue Size		1,75,69,941 shares
OFS Issue Size (Amount)	up to ₹1,875.00 Cr	up to ₹2,073.25 Cr
Issue Size Total		1,75,69,941 shares
Issue Size Total (Amount)	up to ₹5,625.00 Cr	up to ₹2,073.25 Cr

IPO Timetable

PolicyBazaar IPO opens on Nov 01, 2021, while Sapphire Foods IPO opens on Nov 09, 2021. The closing date of PolicyBazaar IPO and Sapphire Foods IPO is Nov 03, 2021, and Nov 11, 2021, respectively.

	PolicyBazaar IPO	Sapphire Foods IPO
Anchor Bid Date
Issue Open	Nov 01, 2021	Nov 09, 2021
Issue Close	Nov 03, 2021	Nov 11, 2021
Basis Of Allotment (Tentative)	Nov 10, 2021	Nov 16, 2021
Initiation of Refunds (Tentative)	Nov 11, 2021	Nov 17, 2021
Credit of Share (Tentative)	Nov 12, 2021	Nov 18, 2021
Listing date (Tentative)	Nov 15, 2021	Nov 18, 2021
Anchor Lockin End date 1	Dec 10, 2021	Dec 16, 2021
Anchor Lockin End date 2	Feb 08, 2022	Feb 14, 2022

Financials

PolicyBazaar IPO P/E ratio is , as compared to Sapphire Foods IPO P/E ratio of .

PolicyBazaar IPO

Sapphire Foods IPO

Financial

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)

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	13,710.76	13,088.66	13,489.37	13,806.64	15,674.72
Total Revenue	3,139.25	1,361.75	10,812.35	13,517.36	12,062.82
Profit After Tax	(264.03)	(751.73)	(998.97)	(1,592.47)	(694.04)

Promoter Shareholding (Pre-Issue)

60.08%

Promoter Shareholding (Post-Issue)

49.97%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the PolicyBazaar IPO retail investors (RII) are offered 60,73,026 shares while in Sapphire Foods IPO retail investors are offered 60,73,026 shares. Qualified institutional buyers (QIB) are offered 1,93,29,621 shares in PolicyBazaar IPO and 52,70,983 shares in Sapphire Foods IPO.

	PolicyBazaar IPO	Sapphire Foods IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,93,29,621 shares	52,70,983 shares
NII	91,09,539 shares	26,35,491 shares
RII	60,73,026 shares	17,56,994 shares
Employee	0 shares	0 shares
Others
Total	3,45,12,186 shares	96,63,468 shares

Bids Received (Subscription)

PolicyBazaar IPO subscribed 16.58x in total, whereas Sapphire Foods IPO subscribed 6.62x.

	PolicyBazaar IPO	Sapphire Foods IPO
QIB (times)	24.89x	7.50x
NII (times)	7.82x	3.46x
Big NII (times)
Small NII (times)
RII (times)	3.31x	8.70x
Employee (times)
Other (times)
Total (times)	16.58x	6.62x

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