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IPO-Note PB Fintech Limited
Rs 940 – Rs 980 per Equity share Recommendation: Subscribe

Company Profile: –

PB Fintech is an Insurance aggregator and Consumer credit company. PB Fintech is a multinational financial technology company which offers insurance products through its online platform ‘Policybazaar’ and financial products through ‘Paisabazaar.’They provide convenient access to insurance, credit and other financial products and aim to create awareness amongst Indian households about the financial impact of death, disease and damage.

PB Fintech Limited IPO

Wants To Apply Online

PolicyBazaar IPO – Details

Issue Details
Objects of the issue ·Enhancing visibility and awareness of their brands, including but not limited to “Policybazaar” and Paisabazaar”;

·New opportunities to expand their Consumer base including  offline presence;

·Strategic investments and acquisitions

·Expanding our presence outside India; and

· General corporate purposes. 

Issue Size Total issue Size -Rs. 5625.00 Cr.

Offer for Sale – Rs. 1875.00 Cr.

Fresh Issue- Rs 3750 Cr

Face value Rs 2.00 Per Equity Share
Issue Price Rs. 940 – Rs. 980
Bid Lot 15 shares
Listing at  BSE, NSE
Issue Opens: 01st Nov, 2021 – 03th Nov, 2021
QIB 75% of Net Issue Offer
Retail 10% of Net Issue Offer
NIB 15% of Net Issue Offer

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Check PB Fintech Limited  IPO Allotment Status

PB Fintech Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To PB Fintech Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as PB Fintech Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

 

PB Fintech Limited IPO

Application Form

PolicyBazaar IPO Financial Performance:

Financial-Performance-policybazzar

PolicyBazaar IPO Shareholding Pattern:

Shareholding Pattern Pre- Issue Post Issue
Promoters & Promoter Group 0.00 % 0.00%
Public  94.52% 94.99%
Employee Trust 5.48% 5.01%
Source: RHP, EWL Research

PolicyBazaar IPO Strengths:

  • Leading player in online insurance distribution.

  • Developed itself as provider of wide range of insurance and consumer credit products.

  • Capital efficient model with low operating costs.

  • Strong brand recall; healthy mix of repeat customers

  • Approval of Brokers License would enable the undertaking of group/corporate businesses

  • Founders with clarity of purpose backed by experienced management

PolicyBazaar IPO Key Highlights:

  • Revenue from operation has grown at a CAGR of ~34% over FY19–21, led by insurance web aggregator services, which grew ~40% over FY19–21.

  • PB Fintech reported loss of INR150.2 Cr in FY21. Within this, Policybazaar reported loss of INR175.8 Cr, while Paisabazaar posted profit of INR13.6 Cr (after reporting losses in previous years).

  • Insurance business comprises ~69% of total operating revenues. Insurance business sees 40% revenue CAGR over FY19-21.

  • Contribution margin expands sharply to ~40% in FY21. (13.7% in FY20).

  • PolicyBazaar has partnered with 51 insurers, and 4.8 Cr consumers have registered on its platform.

  • On its PolicyBazaar Platform, company has sold 1.92 Cr policies on its platform and has 96 Lakh unique transacting customers in FY21.

  • Paisabazaar is the largest digital consumer credit marketplace, with market share of 51.4% on the basis of disbursals. It has partnered with 54 lenders across banks, NBFCs, and fintechs.

PolicyBazaar IPO Risk Factors:

  • Rising competition from other digital players / fintechs, particularly in non-life insurance and consumer credit

  • Many insurance companies are focusing on scaling their online digital channels, which poses a risk

  • Any adverse regulatory changes could pose a major threat to the business

Outlook:

PB Fintech Limited has been successful in building India’s largest online marketplace for insurance and lending products, leveraging the power of technology, data, and innovation. PolicyBazaar, India’s largest digital insurance marketplace, with market share of 93.4% (based on the number of policies sold), has received the Brokers License in June 21, which would allow it to target offline and corporate businesses as well. The overall Insurance industry is expected to see an ~18% CAGR over FY20–30, within which Life Insurance is expected to grow at ~19% and Non-Life Insurance at ~14%. Within Non-Life, Health Insurance is expected to see a ~15% CAGR and Motor a ~14% CAGR. Considering multiple growth drivers and leadership position of Policybazaar in the digital ecosystem, investors should look to invest in the IPO for listing as well for long term gains.

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