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PB Fintech Limited IPO (PolicyBazaar IPO) Detail

Nov 1, 2021 - Nov 3, 2021

PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage.

In 2008, PB Fintech launched Policybazaar aimed at catering to consumers who need more information, choice, and transparency in insurance policies. Policybazaar is an online platform for consumers and insurer partners to buy and sell insurance products. 51 insurer partners offered over 340 term, health, motor, home, and travel insurance products on the policy bazaar platform, as of March 2021. Policybazaar offers its users with i) pre-purchase research, ii) purchase, including application, inspection, medical check-up, and payment; and iii) post-purchase policy management, including claims facilitation, renewals, cancellations, and refunds. The company's technology solutions are focused on automation and self-service-driven consumer experiences requiring minimal human intervention. According to Frost & Sullivan, Policybazaar was India's largest digital insurance marketplace with a 93.4% market share based on the number of policies sold in Fiscal 2020. Also, in the same year, 65.3% of all digital insurance sales in India by volume were transacted through Policybazaar.

PB Fintech also launched Paisabazaar in 2014 intending to provide ease, convenience, and transparency in selecting a variety of personal loans and credit cards for the consumers. The company has partnered with 54 large banks, NBFCs, and fintech lenders offering a wide choice of products to consumers across personal credit categories, including personal loans, business loans, credit cards, home loans, and loans against property. According to Frost & Sullivan, Paisabazaar was India's largest digital consumer credit marketplace with a 51.4% market share, based on disbursals in Fiscal 2020. During Fiscals 2019, 2020, and 2021, Paisabazaar enabled disbursals of ₹51,015 Mn, ₹65,496 Mn, and ₹29,168 Mn, respectively.

Competitive Strengths:

  • Providing a wide choice and transparency to customers to research and select insurance and personal credit products.
  • Proprietary Technology helps in superior data intelligence and customer service.
  • Collaborative partnership with various companies for insurance and lending products.
  • Strong network effects for Policybazaar and Paisabazaar platforms.
  • High renewal rates.
  • Capital efficient model with low operating costs.
  • Experienced Founders and management.

Company Financials

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)

Objects of the Issue

The net proceed from the IPO will be utilized towards the following purposes;

  • 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.

PolicyBazaar IPO Details

PolicyBazaar IPO Date Nov 1, 2021 to Nov 3, 2021
PolicyBazaar IPO Face Value ₹2 per share
PolicyBazaar IPO Price ₹940 to ₹980 per share
PolicyBazaar IPO Lot Size 15 Shares
Issue Size[.] shares of ₹2
(aggregating up to ₹5,625.00 Cr)
Fresh Issue[.] shares of ₹2
(aggregating up to ₹3,750.00 Cr)
Offer for Sale[.] shares of ₹2
(aggregating up to ₹1,875.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

PolicyBazaar IPO Timeline (Tentative Timetable)

PolicyBazaar IPO opens on Nov 1, 2021, and closes on Nov 3, 2021. The PolicyBazaar IPO bid date is from Nov 1, 2021 10.00 A.M. to Nov 3, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
PolicyBazaar IPO Opening Date Nov 1, 2021
PolicyBazaar IPO Closing Date Nov 3, 2021
Basis of Allotment Nov 10, 2021
Initiation of Refunds Nov 11, 2021
Credit of Shares to Demat Nov 12, 2021
PolicyBazaar IPO Listing Date Nov 15, 2021

PolicyBazaar IPO Lot Size

The PolicyBazaar IPO lot size is 15 shares. A retail-individual investor can apply for up to 13 lots (195 shares or ₹191,100).

Application Lots Shares Amount
Retail (Min) 1 15 ₹14,700
Retail (Max) 13 195 ₹191,100

PolicyBazaar IPO Review

Though the company is in operation for over a decade, it has not yet broken the ice to turn green. Based on all parameters, the issue is exorbitantly priced. No doubt recent madness for Unicorn and Tech IPOs following Zomato is still continuing and accepting fancy pricing of loss-making companies. Though the company has bright prospects going forward, its issue pricing discounts all near term positives. Hence, risk seeker/cash surplus investors may consider investment for the long term, others may avoid it. Read detail review...


PolicyBazaar IPO Subscription Status (Bidding Detail)

The PolicyBazaar IPO is subscribed 16.59 times on Nov 3, 2021 5:00:00 PM. The public issue subscribed 3.31 times in the retail category, 24.89 times in the QIB category, and 7.82 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB24.89
NII7.82
Retail3.31
Total16.59

PolicyBazaar IPO Prospectus

PolicyBazaar IPO Rating

605
3.8
Rating:Rated 3.8 stars
Vote Here ...

PolicyBazaar IPO Listing Date

Listing Date Monday, November 15, 2021
BSE Script Code 543390
NSE Symbol POLICYBZR
Listing In B Group of Securities
ISIN INE417T01026
IPO Price ₹980 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹980.00
₹1,150.00
₹1,145.00
₹1,249.00
₹1,202.90
NSE
₹980.00
₹1,150.00
₹1,149.00
₹1,248.90
₹1,202.30

Company Contact Information

PB Fintech Limited
Plot No. 119,
Sector 44 Gurgaon,
Haryana 122 001, India
Phone: +91 124 456 2907
Email: investor.relations@pbfintech.com
Website: https://www.pbfintech.in/

PolicyBazaar IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: policybazaar.ipo@linkintime.co.in
Website: https://linkintime.co.in/

PolicyBazaar IPO FAQs

PolicyBazaar IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹5,625.00 Crores. The issue is priced at ₹940 to ₹980 per 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 Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in PolicyBazaar IPO using UPI as a payment gateway. Zerodha customers can apply in PolicyBazaar IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in PolicyBazaar IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'PolicyBazaar IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The PolicyBazaar IPO opens on Nov 1, 2021 and closes on Nov 3, 2021.

PolicyBazaar IPO lot size is 15 Shares and the minimum order quantity is .

You can apply in PolicyBazaar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for PolicyBazaar IPO will be done on Nov 10, 2021, and the allotted shares will be credited to your demat account by Nov 12, 2021. Check the PolicyBazaar IPO allotment status.

The PolicyBazaar IPO listing date is on Monday, November 15, 2021.
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PolicyBazaar IPO Message Board

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690 Comments

318. ipogroup |   Link |Nov 23, 2021 4:28:08 PM
PB fintech it is good for long term?
317. MAPatel |   Link |Nov 23, 2021 1:44:55 PM
Top Contributor Top Contributor (300+ Posts)
Dear Admin, Please provide BOA of PB Fintech ...
316. Aniketiaf |   Link |Nov 16, 2021 8:31:00 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Sold both the allotted lot @ 1313

Thanks.
316.14. Aniketiaf |   Link |Nov 18, 2021 9:13:55 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Chivitra ji,
In Go Faishon,
One can apply with cautious view.

Thanks.
316.15. Best wishes |   Link |Nov 22, 2021 2:08:37 PM
Policy bazar @ 1220
Now understood, why u hv sold all at 1313 🙏🙏
315. review Time |   Link |Nov 17, 2021 10:17:00 PM
I have three lot sold all of them to see current market condition and this share just like as car trade tech After some time it going down there was no upside at current price it''s only play by the oprator
315.1. Adithya Guptha |   Link |Nov 18, 2021 7:06:07 AM
First of all you are wrong in comparing cartrade and pb. Second point after selling dont see the cmp. Pb is having more impact in public since all ppl will you policy Bazaar for policies and paisa bazaar for credit score
315.2. Andi |   Link |Nov 20, 2021 8:12:40 PM
Top Contributor Top Contributor (200+ Posts)
Adithya .... I compared policy offerings on PB and logged into HDFC Life and brought my policy. Why should people buy through PB. Paisa bazar mails me my latest credit score for free every month. I am sceptical of any big movement. Disclosure: Was not alotted in IPO but purchased at listing price and still holding.
314. Growth Story |   Link |Nov 18, 2021 9:55:44 AM
Paytm effect PB fintech down by 10℅
313. DSR |   Link |Nov 18, 2021 9:48:55 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Looking at the sentiments..exited completely from PB.

Satisfied.
312. ipobull |   Link |Nov 17, 2021 10:13:56 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Expecting this stock, which has done remarkably well, not to cross 1500, but with fingers crossed with wow feeling. This stock went up against most people''s expectations.
311. harit |   Link |Nov 17, 2021 3:34:49 PM
High of 1470
Not for a second it traded in red
Waah!?!!!
310. DSR |   Link |Nov 16, 2021 10:40:37 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Sold few shares at 1360.. remaining thinking to hold for 1500 .
310.1. DSR |   Link |Nov 17, 2021 12:22:05 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Recovered the cost ..leaving rest for the future to decide..
Stop loss at 980
309. NRI Investor |   Link |Nov 17, 2021 8:03:26 AM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Dont sell this stock. This new age business will behave like Zomato.

PB finance got Corporate License from IRDA. Now they will also earn huge commissions like Insurance agents and due to till march End tax savings- all clients will buy Insurance policies online to save taxes. Sothey will earn huge increase in sales n profits

Buy n HOLD till March for Target of 2000++
308. Arjun Rajkot |   Link |Nov 16, 2021 9:28:21 PM
IPO Mentor IPO Mentor (500+ Posts, 1000+ Likes)
Today High 1430--)))))

Short Term 1499
Exit Plan!

Long Term Investors Can Hold with Stop loss 980 Rs.


Thanks
308.1. IPO Riders |   Link |Nov 17, 2021 6:36:34 AM
So, arjunbhai,

Any concerns or wait for 2000+?


Abhi double kaha hua hai!
307. Growth Story |   Link |Nov 16, 2021 9:17:46 PM
Expected bulk deal today also
306. snipperRaj |   Link |Nov 15, 2021 11:44:16 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
PB gave higher return than Sigachi in HNI

PB= Allotment 12.5%* return 20%= 2.5%
Sigachi= Allotment 0.6% * return 300%= 1.8%
306.5. sdz |   Link |Nov 16, 2021 4:16:06 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
@Duckky...i got PB 1 lot allotment in retail and sold yesterday itself for about 4k profit. As i was FF in Nykaa and expected higher subscription for PB i applied in retail 1st day itself, else i would''ve applied minimum 2lk.
306.6. snipperRaj |   Link |Nov 16, 2021 6:33:55 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Hehe @sdz i did really snipped but from some twitter handle in my feed, may be yours only ;). Cheers
305. LockDownInvestor |   Link |Nov 16, 2021 4:03:09 PM
Exited at 1400, but looks promising to keep for couple of months, for people who can hold.
304. DuckkyDuck |   Link |Nov 16, 2021 3:03:57 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Aniket sir, sorry for asking this question but still learning.
Why Nucleus have better acceptance chance in HNI? Also to know or calculate whether retail or HNI has better chance.
Until now i have never encountered any BB which have better chance in HNI than retail, so this is little surprising for me.
303. lokes |   Link |Nov 16, 2021 2:34:23 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Except one lot for long term, Sold all my remaining allotted lots today, it was good (better than expected) profit :)
302. True IPO Lover |   Link |Nov 16, 2021 9:59:18 AM
Most people including me was thinking a loss making company wont perform well and its really a jackpot now. I applied from ipo mandate and i was thinking to cancel it before the allotment and unexpectedly got allotment ,now its 38 percent profit already on second day. I was wondering if it was a profit making company at the time of ipo launch, what would happen 😳
302.1. iamnimitshah |   Link |Nov 16, 2021 10:09:31 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
market filhaal loss making companies ko salaami de raha hai.. SJS jaisa profitable company down and Zomato , devi , nykaa (well almost) , and PB
302.2. Cyberdude |   Link |Nov 16, 2021 11:26:24 AM
yes, don''t forget CarTrade which is profitable online business, but still gone down and now -30% returns..
301. Gavin |   Link |Nov 15, 2021 11:41:42 AM
Sold 2 lots 1190 avg.
holding 1 lot for the target 1250
301.1. Gavin |   Link |Nov 16, 2021 11:13:52 AM
Sold balance 1 lot @ 1399 to make double profit then yesterday i.e. 6k+
300. NRI Investor |   Link |Nov 15, 2021 7:31:19 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
POLICYBZR      PB Fintech Limited      CAPITAL RESEARCH AND MANAGEMENT CO A/C NEW WORLD FUND INC      BUY      34,18,354      1192.96


NSE bulk deal today New world Fund bought worth 405++ crores today.

Tomorrow it will blast. More upside for next 2-3 days.
300.1. Gavin |   Link |Nov 16, 2021 11:12:08 AM
Thanks @ NRI investor with the help of this perfect news I make a very good profit
in PB.
299. Stockbuddy |   Link |Nov 16, 2021 10:59:42 AM
I got allotment and my money is also got refunded.. what to do? Will the bank debit it later??