PB Fintech is India’s largest online platform for insurance and lending products providing access to insurance, credit, and other financial products through its platforms Policybazaar and Paisabazaar.
Policybazaar, launched in 2008 is the company’s flagship platform providing consumers and insurer partners access to buy and sell core insurance products. As of September 30, 2021, 49 insurer partners offered over 390 term, health, motor, home, and travel insurance products on the platform. 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.
Paisabazar, launched in 2014 is a digital lending platform that enables consumers to compare, choose and apply for personal credit products. The platform has 56 partnerships with large banks, NBFCs, and fintech lenders who offer a wide choice of product offerings across personal credit categories, including personal loans, business loans, credit cards, home loans, and loans against property.
PB Fintech aims to raise Rs. 5,700 crores through fresh issue of equity shares aggregating up to Rs. 3,750 crores and an offer for sale of equity shares aggregating up to Rs. 1,950 crores from existing shareholders.
Financial Snapshot:
| Financial Year Ended | Revenue (₹ Crores) | Loss for the period (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 528.81 | -346.81 | -12.01 |
| March 2020 | 855.56 | -304.03 | -8.68 |
| March 2021 | 957.41 | -150.24 | -4.11 |
| Three months ended June 2020 | 191.27 | -59.753 | -1.65 |
| Three months ended June 2021 | 258.17 | -110.84 | -2.91 |
IPO Schedule:
| Issue Period | 1st November 2021 to 3rd November 2021 |
| Price Range | ₹ 940 to ₹980 per share |
| Minimum Bid Quantity | 15 and in multiples thereof |
| Finalisation of Allotment | 10th November 2021 |
| Initiation of Refunds | 11th November 2021 |
| Credit of Shares | 12th November 2021 |
| Listing Date | 15th November 2021 |
| Mandate end Date | 22nd November 2021 |
How do I apply to the Policybazaar IPO?
You can apply for the Policybazaar IPO using any supported UPI app by following two steps:
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Enter your bid on Console
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Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How do I check the allotment status for Policybazaar IPO?
You can check the allotment status for the Policybazaar IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website. The tentative date of allotment is 10th November 2021.
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