PB Fintech IPO (PolicyBazaar IPO)

PolicyBazaar IPO description – The company operates India’s largest online platform for insurance and lending products leveraging technology, data and innovation. The company provides convenient access to insurance, credit and other financial products and aims to create awareness amongst Indian households about the financial impact of death, disease and damage. Through its consumer-centric approach, it enables online research-based purchases of insurance and lending products and increases transparency, which enables consumers to make informed choices. The company also facilitates its Insurer and lending partners in the financial services industry to innovate and design customized products for consumers leveraging its extensive data insights and data analytics capabilities.

PolicyBazaar platform was launched in 2008 to address consumers’ need for more awareness, choice and transparency and create a consumer-pull based, provider-neutral model for insurance distribution. In FY2020, PolicyBazaar was India’s largest digital insurance marketplace with a 93.4% market share based on the number of policies sold. The company launched PaisaBazaar in 2014 to transform personal credit by accentuating ease, convenience and transparency in selecting a variety of personal loans and credit cards. In FY2020, PaisaBazaar was India’s largest digital consumer credit marketplace with a 51.4% market share, based on disbursals.

Promoters of PolicyBazaar – The company is professionally managed and has no identifiable promoter

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PolicyBazaar IPO details

Subscription Dates	1 – 3 November 2021
Price Band	INR940 – 980 per share
Fresh issue	INR3,750 crore
Offer For Sale	INR2,267.5 crore
Total IPO size	INR6,017.5 crore
Minimum bid (lot size)	15 shares
Face Value	INR2 per share
Retail Allocation	10%
Listing On	NSE, BSE

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PolicyBazaar’s Financial Performance (in INR crore)

	FY2019	FY2020	FY2021
Revenue	528.8	855.6	957.4
Expenses	866.2	1,150.4	1,099.3
Net income	(348.1)	(303.1)	(153.3)
Margin (%)	(65.8)	(35.4)	(16.0)

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More about PB Fintech Offer

• PolicyBazaar IPO DRHP
• PolicyBazaar IPO coming in end-2018

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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

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PolicyBazaar IPO GMP Daily Trend

Date	PolicyBazaar IPO GMP	Kostak	Subject to Sauda
13 Nov 2021	INR70	–	–
12 Nov 2021	INR100	–	–
11 Nov 2021	INR50	–	–
9 Nov 2021	INR80	INR320	INR1,300
8 Nov 2021	INR70	INR300	INR1,300
3 Nov 2021	INR100	INR320	INR1,400
2 Nov 2021	INR120	INR280	INR1,300
1 Nov 2021	INR140	INR300	INR1,500
30 Oct 2021	INR90	INR200	INR1,300
29 Oct 2021	INR120	INR220	INR1,500
28 Oct 2021	INR170	INR250	INR2,000
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

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PolicyBazaar IPO Subscription – Live Updates

Category	Shares Offered	Day 1	Day 2	Day 3
QIB	1,93,29,621	0.56	2.08	24.89
NII	91,09,539	0.06	0.23	7.82
Retail	60,73,026	1.18	2.04	3.31
Total	3,45,12,186	0.54	1.59	16.59

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PolicyBazaar Offer Reviews – Subscribe or Avoid?

Angel One – Neutral
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Subscribe
Asit C Mehta –
Canara Bank Securities – Avoid
Choice Broking – Subscribe for long term
Elite Wealth – Subscribe
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
IDBI Capital –
KR Choksey –
Marwadi Financial Services – Avoid
Motilal Oswal –
Nirmal Bang – Neutral
Religare Broking –
Samco Securities – Subscribe for long term
SMC Global – 2/5
Ventura Securities – Subscribe

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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
Email: [email protected]
Website: http://www.linkintime.co.in

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PolicyBazaar Contact Details

PB Fintech Limited
Plot No. 119, Sector 44 Gurgaon, Haryana 122 001, India
Phone: +91 124 456 2907
Email: [email protected]
Website: www.pbfintech.in

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PolicyBazaar IPO Allotment Status

PolicyBazaar offer allotment is now available on Link Intime’s website. Click on this link to get allotment status.

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PolicyBazaar Offer Timetable

IPO Opening Date: 1 November 2021
IPO Closing Date: 3 November 2021
Finalisation of Basis of Allotment: 10 November 2021
Initiation of refunds: 11 November 2021
Transfer of shares to demat accounts: 12 November 2021
Listing Date: 15 November 2021
Opening Price on NSE: INR1,150 per share (up 17.35% from IPO price)
Closing Price on NSE: INR1,201.60 per share (up 22.62% from IPO price)

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PolicyBazaar IPO FAQs