PolicyBazaar IPO Details:
- 1 PB Fintech IPO (PolicyBazaar IPO) Launching?
- 2 PB Fintech IPO (PolicyBazaar IPO) Tentative Timetable
- 3 PB Fintech IPO (PolicyBazaar IPO) Lot Size
- 4 PB Fintech IPO (PolicyBazaar IPO) Share Price
- 5 PB Fintech IPO (PolicyBazaar IPO) Promoter Holding:
- 6 PB Fintech IPO (PolicyBazaar IPO) Board Directors:
- 7 PB Fintech IPO (PolicyBazaar IPO) Company Financials:
- 8 About PB Fintech IPO (PolicyBazaar IPO)
- 9 Objects of the Issue:
- 10 Company Contact Information:
- 11 Registrar of PolicyBazaar IPO
- 12 PB Fintech IPO (PolicyBazaar IPO) GMP Gray Market Price
- 13 PolicyBazaar IPO GMP Daily Trend
- 14 How to Apply For PB Fintech IPO (PolicyBazaar IPO)
- 15 How to apply in PolicyBazaar IPO through Zerodha?
- 16 PolicyBazaar IPO Lead Manager(s)
- 17 PolicyBazaar IPO Details
- 18 Valuation of PolicyBazaar (as of FY2021)
- 19 Final Review of PB Fintech IPO (PolicyBazaar IPO)
PB Fintech IPO (PolicyBazaar IPO) Launching?
The initial public offering of PB Fintech, the parent company of Policybazaar and Paisabazaar, will open for subscription on November 1 and will close on November 3.
PB Fintech IPO (PolicyBazaar IPO) Tentative Timetable
The issue may list on Nov 15, 2021.
|IPO Open Date||Nov 1, 2021|
|IPO Close Date||Nov 3, 2021|
|Basis of Allotment Date||Nov 10, 2021|
|Initiation of Refunds||Nov 11, 2021|
|Credit of Shares to Demat Account||Nov 12, 2021|
|IPO Listing Date||Nov 15, 2021|
PB Fintech IPO (PolicyBazaar IPO) Lot Size
The PolicyBazaar IPO market lot size is 15 shares. A retail-individual investor can apply for up to 13 lots (195 shares or ₹191,100).
PolicyBazaar IPO is a main-board IPO of [.] equity shares of the face value of ₹2 collecting up to ₹5,625.00 Crores. The issue is valued at ₹940 to ₹980 per equity share. The base order quantity is 15 Shares.
PB Fintech IPO (PolicyBazaar IPO) Promoter Holding:
Policybazaar is a foreign-owned and controlled company. While Makesense Technologies (Info Edge) holds a 14.56 percent stake in the company, global funds have an enormous holding with SVF holding a 9.45 percent stake, trailed by Tancent (9.16 percent), SVF Holdings (6.31 percent), among others. The company’s founder Yashish Dahiya has a 4.27 percent stake in the company and isn’t delegated a promoter due to the base promoter holding the necessity of the Securities and Exchange Board of India.
PB Fintech IPO (PolicyBazaar IPO) Board Directors:
Directors of Policybazaar Insurance Brokers Private Limited are Yashish Dahiya, Manoj Sharma, Alok Bansal, Jagennath Jayanthi, and Nilesh Bhaskar Sathe.
PB Fintech IPO (PolicyBazaar IPO) Company Financials:
|Summary of financial Information (Restated Consolidated)|
|Particulars||For the year/period ended (₹ in Millions)|
|Profit After Tax||(1,108.44)||(597.53)||(1,502.42)||(3,040.29)||(3,468.11)|
About PB Fintech IPO (PolicyBazaar IPO)
PB Fintech is India’s driving web-based platform for insurance and loaning products. The organization gives advantageous admittance to insurance, credit, and other financial products and means to make mindfulness in India about the financial effect of death, illness, and harm.
In 2008, PB Fintech launched Policybazaar pointed toward taking into account buyers who need more data, decisions, and transparency in insurance policies. Policybazaar is a web-based platform for purchasers and guarantor accomplices to purchase and sell insurance products. 51 insurer partners presented more than 340 terms, health, engine, home, and travel insurance products on the strategy marketplace platform, as of March 2021. Policybazaar offers its clients with I) pre-purchase research, ii) purchase, including application, assessment, clinical examination, and installment; and iii) post-purchase strategy the executives, including claims help, reestablishments, abrogations, and discounts. The organization’s innovation arrangements are centered around mechanization and self-administration-driven buyer encounters requiring insignificant human intercession. As per Frost and Sullivan, Policybazaar was India’s biggest computerized insurance marketplace with a 93.4% portion of the overall industry dependent on the number of policies sold in Fiscal 2020. Additionally, around the same time, 65.3% of all computerized insurance deals in India by volume were executed through Policybazaar.
PB Fintech likewise launched Paisabazaar in 2014 planning to give simplicity, accommodation, and transparency in choosing an assortment of personal loans and credit cards for the customers. The organization has collaborated with 54 huge banks, NBFCs, and fintech moneylenders offering a wide selection of products to customers across personal credit classes, including personal loans, business loans, credit cards, home loans, and loans against property. As per Frost and Sullivan, Paisabazaar was India’s biggest advanced buyer credit marketplace with a 51.4% piece of the pie, in light of disbursals in Fiscal 2020. During Fiscals 2019, 2020, and 2021, Paisabazaar empowered disbursals of ₹51,015 Mn, ₹65,496 Mn, and ₹29,168 Mn, individually.
Objects of the Issue:
The net continues from the IPO will be used for the accompanying purposes;
• For upgrading perceivability and attention to organization’s brands, including yet not restricted to “Policybazaar” and “Paisabazaar” – Rs.15,000 Million;
• New options to grow organization’s customer base including offline presence – Rs.3,750 Million;
• Funding vital investments and acquisitions – Rs.6,000 Million;
• Expanding presence outside India – Rs.3,750 Million; and
• general corporate purposes.
Company Contact Information:
PB Fintech Limited
Plot No. 119,
Sector 44 Gurgaon,
Haryana 122 001, India
Phone: +91 124 456 2907
Registrar of PolicyBazaar IPO
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
PB Fintech IPO (PolicyBazaar IPO) GMP Gray Market Price
As per market observers, Policybazaar shares are available at a premium (GMP) of ₹140 in the grey market today.
PolicyBazaar IPO GMP Daily Trend
|Date||PolicyBazaar IPO GMP||Kostak||Subject to Sauda|
|27 Oct 2021||INR200||INR300||INR2,500|
|26 Oct 2021||INR200||INR300||INR2,500|
|25 Oct 2021||INR200||INR270||INR2,300|
|23 Oct 2021||INR230||INR300||INR2,500|
|22 Oct 2021||INR200||INR300||INR2,300|
|21 Oct 2021||INR170||INR300||INR2,000|
|20 Oct 2021||INR200||INR300||INR2,400|
|19 Oct 2021||INR250||INR350||INR3,000|
|18 Oct 2021||INR250||INR350||INR3,000|
|14 Oct 2021||INR300||INR400||INR3,500|
How to Apply For PB Fintech IPO (PolicyBazaar IPO)
You can apply in PolicyBazaar IPO web-based utilizing either UPI or ASBA as a payment strategy. ASBA IPO application is accessible in the net banking of your bank account. UPI IPO application is presented by agents who don’t offer banking administrations. Peruse more insight concerning applying IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
How to apply in PolicyBazaar IPO through Zerodha?
Zerodha clients can apply online in PolicyBazaar IPO utilizing UPI as a payment gateway. Zerodha clients 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
- Visit the Zerodha site and log in to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘PolicyBazaar IPO column and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to support the mandate.
PolicyBazaar IPO Lead Manager(s)
- 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
PolicyBazaar IPO Details
|IPO Opening Date||Nov 1, 2021|
|IPO Closing Date||Nov 3, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per equity share|
|IPO Price||₹940 to ₹980 per equity share|
|Market Lot||15 Shares|
|Min Order Quantity||15 Shares|
|Listing At||BSE, NSE|
|Issue Size||[.] Eq Shares of ₹2
(aggregating up to ₹5,625.00 Cr)
|Fresh Issue||[.] Eq Shares of ₹2
(aggregating up to ₹3,750.00 Cr)
|Offer for Sale||[.] Eq Shares of ₹2
(aggregating up to ₹1,875.00 Cr)
Valuation of PolicyBazaar (as of FY2021)
Earnings Per Share (EPS): -INR4.11
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): -7.54%
Net Asset Value (NAV): INR54.52 per share
Final Review of PB Fintech IPO (PolicyBazaar IPO)
The organization is giving a wide variety of options and transparency to customers to explore and choose insurance and individual credit products. Their Proprietary Technology helps in predominant data insight and customer service. They even have a collective associations with different organizations for insurance and loaning products. Policybazaar and Paisabazaar platforms have solid network impacts. Their renewal rates are considerably high. They have a capital effective model with low operating costs and last however not least, they have founders and management who are quite experienced.
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