All that you should know about the Company before applying for the IPO.
The public issue of equity shares of PB Fintech Limited will open for subscription on November 01, 2021 and closes on November 03, 2021 It is expected to list on the stock exchanges on November 15, 2021 What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analysis the IPO.
The Company owns and operates India’s largest online platform for insurance (Policybazaar) and lending products (Paisabazaar). The Company operates in the large and highly under penetrated online insurance and lending markets.
Policybazaar, launched in 2008, offers insurance products of 48 Insurers. In Fiscal 2020, Policybazaar was India’s largest digital insurance marketplace among all online insurance distributors with 93.4% market share, based on number of policies sold (approx. 5.3 million policies). It also constituted 65.3% of all digital insurance sales in India by number of policies sold (including online sales done directly by insurance companies and by insurance distributors). Policybazaar runs on an asset-light capital strategy and do not underwrite any insurance or retain any credit risk on its books.
Paisabazaar, launched in 2014, is an independent digital lending platform that enables Consumers to compare, choose and apply for personal credit products. It has established 56 partnerships with large banks, NBFCs, and fintechs. Paisabazaar was India’s largest digital consumer credit marketplace with a 53.7% market share, based on disbursals in Fiscal 2021.
The Company generates revenue from the following sources:
The company is professionally managed and does not have an identifiable promoter.
There are no listed peers in India.
Given below are the objectives of the Company –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
|IPO Size||₹ 5709.72 Crore*|
|Offer Mix||₹ 3750 Crore + Offer For Sale ₹ 1959.72* Crore|
|Price Band||₹ 940 – ₹ 980|
|Lot Size||15 Shares (& in multiples thereof)|
|Face Value||₹ 2|
|Application Amount||Min. ₹ 14700 (1 lot) | Max. ₹ 191100 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Cut-off time for UPI Mandate Confirmation||08-Nov-2021 (up to 12:00 PM)|
₹ 4282.29 Crore
(75% of the Issue Size)
₹ 856.46 Crore
(15% of the Issue Size)
₹ 570.97 Crore
(10% of the Issue Size)
|IPO Opens||November 01, 2021|
|IPO Closes||November 03, 2021|
|Finalization of the basis of allotment||November 10, 2021|
|Unblocking of funds / Initiation of refunds||November 11, 2021|
|Credit of equity shares to Demat accounts||November 12, 2021|
|Listing of equity shares||November 15, 2021|
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