Policybazaar IPO

PB Fintech Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹980

Issue Price

Listing Price

₹1,150

Listing Price

Listing Gains

+₹170.00 (+17.35%)

Listing Gains

IPO Details

Bidding Dates

01 Nov - 03 Nov '21

Bidding Dates

Min. Investment

₹14,100

Min. Investment

Lot Size

15.00

Lot Size

Price Range

₹940 - ₹980

Price Range

Issue Size

5,709 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - PB Fintech Ltd. IPO

  • Retail Individual Investor
    3.31x
  • Non-Institutional Investor
    7.82x
  • Qualified Institutional Buyers
    24.89x
  • Employees
    NA


About PB Fintech Ltd. IPO

When considering the breakdown of this IPO, INR 3,750 Crores are to be raised via the issuance of new stock, while the remaining INR 2,267 Crores are to be generated via an offer for sale (or OFS). This offer for sale will allow current investors to sell their stakes via exchanges directly. SoftBank Vision Fund Python presently holds a 9.75 per cent stake in the company and is expected to walk away with approximately INR 1,875 Crores worth of stock. Founders of the company include Yashish Dahiya, Alok Bansal and Avaneesh Nirjar. They will collectively sell shares amounting to INR 392.50 Crores. Chinese company Tencent which holds over a 9 percent stake in PB Fintech hasn’t been listed among investors seeking to sell their shares.

PB Fintech Ltd. IPO Latest News and Subscription Status Today (Live)


Why should you invest in PB Fintech Ltd. IPO?

The Policybazaar IPO should be considered as it has reduced its losses by almost half for FY2021.

These now amount to INR 150.24 Crores in comparison to the INR 304 Crores for FY2020 and INR 346.81 Crores for FY2019.


SWOT Analysis - PB Fintech Ltd. IPO

Strengths:

Policybazaar serves as the country’s largest digital insurance marketplace and occupies a market share of 93.4 per cent in terms of the number of policies it sold in FY2020.

It has high rates of renewal that show clear visibility to its future operations and has delivered well.

Policybazaar makes use of a capital-efficient model, which incurs minimal operating costs.

Weaknesses:

Policybazaar’s dependency on the cooperation of insurers and lending partners is a potential liability for the company.

The ongoing Covid19 pandemic continues to have an adverse effect on the economy, which in turn impacts Policybazaar.

Opportunities:

The presently online insurance retailer is now seeking to create an offline presence for itself via 15 physical stores. Expansionary goals seek to eventually have 100 stores spread across the country. New group health insurance programmes will be available to SMEs, MSMEs and large corporations.

Threats:

The fintech landscape within which Policybazaar operates online is highly competitive.

Disruptions to its IT systems and infrastructure can prove to be detrimental.



How to apply for PB Fintech Ltd. IPO?

You can apply for the PB Fintech Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an PB Fintech Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.

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Frequently Asked Questions (FAQs) - PB Fintech Ltd. IPO

What is Policybazaar’s IPO issue size?

The issue size of Policybazaar IPO is 5,709 Cr.

What is PB Fintech Limited’s relation to Policybazaar?

PB Fintech Limited serves as the parent company of Policybazaar.

What kind of firm is Policybazaar?

Policybazaar serves as the country’s largest digital insurance marketplace

What are the allotment dates for this IPO?

The allotment dates for this IPO is November 10, 2021.

What is the smallest lot size available to individual investors?

The size of the subscription has not been disclosed by the corporation.

What is the PolicyBazaar IPO minimum order quantity?

PolicyBazaar IPO's minimum order quantity is 15 Shares.

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