PolicyBazaar IPO vs Tarsons Products IPO

Comparision between PolicyBazaar IPO and Tarsons Products IPO.

IPO Details

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

	PolicyBazaar IPO	Tarsons Products 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	Edelweiss Financial Services Ltd ICICI Securities Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Tarsons Products IPO is up to ₹1,023.47 Cr. The final issue price of PolicyBazaar IPO is ₹980.00 per share and of Tarsons Products IPO is ₹662.00 per share.

	PolicyBazaar IPO	Tarsons Products IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹940.00 per share	₹635.00 per share
Issue Price (Upper)	₹980.00 per share	₹662.00 per share
Issue Price (Final)	₹980.00 per share	₹662.00 per share
Discount (Retail)
Discount (Employee)		₹61.00 per share
Market Lot Size	15 shares	22 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹3,750.00 Cr	up to ₹150.00 Cr
OFS Issue Size		1,32,00,000 shares
OFS Issue Size (Amount)	up to ₹1,875.00 Cr	up to ₹873.84 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹5,625.00 Cr	up to ₹1,023.47 Cr

IPO Timetable

PolicyBazaar IPO opens on Nov 01, 2021, while Tarsons Products IPO opens on Nov 15, 2021. The closing date of PolicyBazaar IPO and Tarsons Products IPO is Nov 03, 2021, and Nov 17, 2021, respectively.

	PolicyBazaar IPO	Tarsons Products IPO
Anchor Bid Date
Issue Open	Nov 01, 2021	Nov 15, 2021
Issue Close	Nov 03, 2021	Nov 17, 2021
Basis Of Allotment (Tentative)	Nov 10, 2021	Nov 23, 2021
Initiation of Refunds (Tentative)	Nov 11, 2021	Nov 24, 2021
Credit of Share (Tentative)	Nov 12, 2021	Nov 25, 2021
Listing date (Tentative)	Nov 15, 2021	Nov 26, 2021
Anchor Lockin End date 1	Dec 10, 2021	Dec 23, 2021
Anchor Lockin End date 2	Feb 08, 2022	Feb 21, 2022

Financials

PolicyBazaar IPO P/E ratio is , as compared to Tarsons Products IPO P/E ratio of .

PolicyBazaar IPO

Tarsons Products 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	31-Mar-21
Total Assets	3,647.74	2,959.50
Total Revenue	711.27	2,342.91
Profit After Tax	248.35	688.70

Promoter Shareholding (Pre-Issue)

50.75%

Promoter Shareholding (Post-Issue)

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 Tarsons Products IPO retail investors are offered 60,73,026 shares. Qualified institutional buyers (QIB) are offered 1,93,29,621 shares in PolicyBazaar IPO and 30,81,172 shares in Tarsons Products IPO.

	PolicyBazaar IPO	Tarsons Products IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,93,29,621 shares	30,81,172 shares
NII	91,09,539 shares	23,10,880 shares
RII	60,73,026 shares	53,92,052 shares
Employee	0 shares	60,000 shares
Others
Total	3,45,12,186 shares	1,08,44,104 shares

Bids Received (Subscription)

PolicyBazaar IPO subscribed 16.58x in total, whereas Tarsons Products IPO subscribed 77.49x.

	PolicyBazaar IPO	Tarsons Products IPO
QIB (times)	24.89x	115.77x
NII (times)	7.82x	184.58x
Big NII (times)
Small NII (times)
RII (times)	3.31x	10.56x
Employee (times)		1.83x
Other (times)
Total (times)	16.58x	77.49x

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