PB Fintech Ltd. IPO

Commonly known as Policybazar, it is India’s largest online platform for insurance and lending products leveraging the power of technology, data and innovation.

RHP
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DRHP
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Open Date

2021-11-01

Close Date

2021-11-03

PB Fintech Ltd. IPO Details

Check out the issue details for PB Fintech Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 980

Price Band

₹ 940 - 980

Issue Size

5708.64 Cr.

Issue Type

Book Built

Open

2021-11-01

Close

2021-11-03

Listingprice

₹ 1150

ListingGain

17.35%

Listing Date

2021-11-15

CMP

₹ 1729.25

Current Return

76.45%

PB Fintech Ltd. News

PB Fintech - Quaterly Results5 Nov, 8:25PM PB Fintech - Quaterly Results5 Nov, 8:25PM PB Fintech - Quaterly Results6 Aug, 6:37PM PB Fintech - Quaterly Results6 Aug, 6:37PM PB Fintech - Quaterly Results6 Aug, 6:37PM PB Fintech divests 29.30% share capital in VHPL17 May, 11:53AM PB Fintech - Quaterly Results7 May, 6:08PM PB Fintech - Quaterly Results7 May, 6:08PM PB Fintech - Quaterly Results7 May, 6:08PM PB Fintech incorporates wholly-owned subsidiary10 Apr, 10:19AM PB Fintech gets nod to incorporate wholly owned subsidiary21 Mar, 2:09PM PB Fintech’s arm gets in-principle approval for upgradation of license17 Feb, 4:01PM PB Fintech informs about disclosure 3 Feb, 11:51AM Temasek Holdings sells entire 5.42% stake in PB Fintech2 Feb, 10:59AM PB Fintech informs about conference call31 Jan, 4:40PM PB Fintech - Quaterly Results30 Jan, 4:58PM PB Fintech - Quaterly Results30 Jan, 4:58PM PB Fintech - Quaterly Results30 Jan, 4:58PM PB Fintech informs about trading window closure 29 Dec, 4:53PM PB Fintech informs about disclosures22 Dec, 4:45PM

Company Financials

You can get the following financial statements of PB Fintech Ltd. as of now.

Company Name

PB Fintech Ltd.

Exchange

NSE: POLICYBZR BSE: 543390

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Policybazaar IPO is as:

  • The issue size of the IPO is 5708.64 Cr.
  • The price band ranges from Rs 940 to Rs 980.
  • The shares of Policybazar will list on 15th November 2021.
  • The latest tentative GMP of Policybazaar IPO is Rs 140.
  • Policybazar IPO is subscribed 16.59 times as of 3rd November.

 

Policybazaar IPO Valuation

The approx valuation of PB fintech IPO, commonly known as Policybazaar, based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 980
Existing Shares (Qty) 41.12 Cr
Fresh Issue (Amount) 3750 Cr
Market Cap 44,047.6 Cr
EPS (FY21) Rs -4.11
Industry PE No peers

 

Policybazaar IPO Issue Size

PB fintech IPO or Policybazaar IPO issue size is 5708.64 Cr. 

Issue Amount
Fresh Issue 3750 Cr
Offer For Sale 1958.64 Cr

 

Policybazaar IPO Market Lot

An Individual can apply for a minimum 1 lot of 15 shares and a maximum of 13 lots of 195 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 15 Rs 14,700
 Maximum 13 195 Rs 1,91,100

 

Policybazaar IPO Share Offer

Policybazaar IPO is subscribed 16.59 times as of 3rd November. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 24.89 Times
Non-Institutional Maximum 15% 7.82 Times
Retail Individual Maximum 10% 3.31 Times
Total   16.59 Times

 

Policybazaar IPO Grey Market Premium

As on GMP (Tentative)
10 November 2021 Rs 80
11 November 2021 Rs 70
12 November 2021 Rs 60
13 November 2021 Rs 60
14 November 2021 Rs 140

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Policybazaar IPO:

Schedule Date
Basis of Allotment 10 November 2021
Refunds 11 November 2021
Credit to Demat Account 12 November 2021
IPO Listing Date 15 November 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 61.11 123.42 103.18 134.15 110.29
Total Expenditure 89.27 143.61 512.6 400.35 314.14
Operating Profit -28.16 -20.18 -409.42 -266.2 -203.85
Other Income 86.88 56.02 114.25 196.79 252.11
Interest 1.44 2.33 1.18 1 0.69
Depreciation 9.2 3.8 3.9 3.74 3.05
Exceptional Items -29.16 -2.37 0 0 -0.27
Profit Before Tax 18.93 27.33 -300.25 -74.15 44.25
Provision for Tax 9.18 8.33 -0.56 0 8.06
Net Profit 9.74 19.01 -299.68 -74.15 36.19
Adjusted EPS (Rs.) 0.1 0.17 -0.67 -0.16 0.08

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 1.11 1.23 89.9 90.02 90.24
Total Reserves 2041.79 2939.76 6804.9 7272.68 7639.13
Borrowings 0 0 0 0 0
Other N/C liabilities 1.71 22.68 19.1 7.87 11.65
Current liabilities 19.59 43.19 18.12 16.46 72.68
Total Liabilities 2064.21 3006.86 6932.01 7387.03 7813.7
Assets
Net Block 3.48 15.73 11.5 8 5.72
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 914.22 1146.48 2204.03 3796.69 4740.94
Loans & Advances 17.51 32.08 39.17 35.83 61.19
Other N/C Assets 0.02 0.98 0 1357.45 136.6
Current Assets 1128.98 1811.58 4677.32 2189.06 2869.25
Total Assets 2064.21 3006.86 6932.01 7387.03 7813.7
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 63.9 63.15 63.37 62.2 67.71
Profit Before Tax 1.89 26.96 -6.62 11.67 6.31
Tax 0 0 8.06 1.77 0.92
Profit After Tax 1.89 26.96 -14.68 9.9 5.39
Adjusted EPS (Rs) 0.04 0.6 -0.33 0.22 0.12

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 18.93 29.7 -300.25 -74.15 44.25
Adjustment -25.84 32.95 336.35 149.79 -52.39
Changes in Assets & Liabilities -97.63 13.78 -85.73 -76.3 76.03
Tax Paid -6.17 -5.66 -7.1 -4.29 -25.25
Operating Cash Flow -110.71 70.77 -56.73 -4.95 42.64
Investing Cash Flow -170.48 -1282.85 -3748.45 -179.71 95.32
Financing Cash Flow 1049.73 776.05 3641.82 -3.48 -3.49
Net Cash Flow 768.54 -436.03 -163.36 -188.14 134.47
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