PB Fintech was incorporated on June 4, 2008 as ‘ETECHACES Marketing and Consulting Private Limited. the company provides convenient access to insurance, credit and other financial products and aim tocreate awareness amongst Indian households about the financial impact of death, disease and damage
| Bidding Dates |
|---|
| 01 Nov 2021 - 03 Nov 2021 |
| Subscription |
|---|
| 16.59x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,700 | 1 | 13 | 15 | 57.4 M | ₹940 - ₹980 | 87.23 % | ₹53954.1 M - ₹56250.0 M | RHP DOC |
PB Fintech IPO SUBSCRIPTION STATUS
03 Nov '21PB Fintech IPO overall subscription rate was 16.59 times the total available shares
PB Fintech IPO retail subscription rate was 3.31 times in the retail segment
PB Fintech IPO non-institutional investor subscription rate was 7.82 times in the non-institutional investor category
PB Fintech IPO Qualified Institutional Bidder subscription rate was 24.89 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
03 Nov 2021 (Day 3) | 3.31x | 7.82x | 24.89x |
02 Nov 2021 (Day 2) | 2.04x | 0.23x | 2.08x |
01 Nov 2021 (Day 1) | 1.18x | 0.06x | 0.56x |
PB Fintech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| Q1FY22 | -1,108.4 | 2,377.3 | -4,327.4 | -4,346.0 |
| Q1FY21 | -597.5 | 1,750.2 | -338.1 | -344.5 |
| FY21 | -1,502.4 | 8,866.6 | 287.1 | 238.9 |
| FY20 | -3,040.3 | 7,713.0 | -3,640.0 | -3,964.5 |
| FY19 | -3,468.1 | 4,922.5 | -2,821.2 | -3,171.8 |
PB Fintech IPO SUBSCRIPTION STATUS DETAILS
PB Fintech had 57.4 M shares on offer
PB Fintech IPO offer price was in the range ₹940 - ₹980
PB Fintech IPO minimum Investment was ₹14700
PB Fintech IPO issue size was ₹ 53954.1 M - ₹ 56250.0 M
PB Fintech had a minimum lot size of 15 Shares per application
PB Fintech NUMBER OF SHARES ON OFFER
PB Fintech IPO IMPORTANT DATES
| Issue Open Date | 01 Nov 2021 |
| Issue close Date | 03 Nov 2021 |
| Allotment Date | 10 Nov 2021 |
| Refund Date | 11 Nov 2021 |
| Demat Account Credit Date | 12 Nov 2021 |
| Listing Date | 15 Nov 2021 |
| Listing on Exchange(s) | NSE and BSE |
| PB Fintech Allotment Status | Exchange |
PB Fintech IPO subscription opened on 01 Nov 2021, and closed on 03 Nov 2021
IPO allotment for PB Fintech was finalized on Wednesday, 10 Nov 2021
IPO listing for PB Fintech was on NSE and BSE on Monday, 15 Nov 2021
PB Fintech IPO LISTING GAINS
| Issue Price (adjusted) | 980.0 |
| Listing Open Price | 1444.0 |
| Listing Close Price | 1202.9 |
| Listing Gain% | 47.4% |
| Current Gain% | 63.7% |
PB Fintech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PB Fintech Ltd. | 1604.5 | 72122.2 | 99.2 | 1 | 10.1 | 9.2 | 7.7 | 7166.4 | 33.1 | 669.9 | 89.8 | 16.2 | 98.3 |
| One97 Communications Ltd. | 1441.6 | 92425.7 | 142.2 | 1.2 | 10.3 | 3.4 | 2.3 | 9291 | 21.9 | 553 | 184 | 10.1 | 114.7 |
| Affle 3I Ltd. | 1645.6 | 23183.1 | 48.5 | 2.5 | 8.2 | 12.4 | 10.3 | 2787.6 | 18.1 | 454.9 | 19.1 | 33.9 | 19.2 |
| Pine Labs Ltd. | 154.4 | 17820.2 | 140 | 0.7 | 6.3 | 1.9 | 0.8 | 2847.2 | 22.3 | 112.5 | 177.3 | 1.1 | 212.8 |
| Fractal Analytics Ltd. | 817.7 | 14061.6 | 42.8 | 4.1 | 9.2 | 6.6 | 3362.6 | 19.4 | 292.2 | 31 | 19.1 | ||
| Amagi Media Labs Ltd. | 647 | 13996 | 4.1 | 3 | 1570.1 | 28.4 | 71.7 | 204.3 |
PB Fintech INFORMATION ON IPO ISSUE
About PB Fintech
PB Fintech was incorporated on June 4, 2008 as ‘ETECHACES Marketing and Consulting Private Limited. the company provides convenient access to insurance, credit and other financial products and aim tocreate awareness amongst Indian households about the financial impact of death, disease and damage
Object of the Issue
1. For enhancing visibility and awareness of company’s brands, including but not limited to “Policybazaar” and “Paisabazaar” - Rs.15,000 Million;
2. New opportunities to expand company’s consumer base including offline presence - Rs.3,750 Million;
3. Funding strategic investments and acquisitions - Rs.6,000 Million;
4. Expanding presence outside India - Rs.3,750 Million; and
5. General corporate purposes.
PB Fintech Book Running Lead Managers
Kotak Mahindra Capital Company Limited
pbfintech.ipo@kotak.com
Morgan Stanley India Company Private Limited
pbfintech_ipo@morganstanley.com
Citigroup Global Markets India Private Limited
pbfintech.ipo@citi.com
ICICI SecuritiesLimited
pbfintech.ipo@icicisecurities.com
HDFC Bank Limited
policybazaar.ipo@hdfcbank.com
IIFL Securities Limited
pbfintech.ipo@iiflcap.com
Jefferies India Private Limited
policybazaar.ipo@jefferies.com
PB Fintech Registrar to the Offer
Link Intime India Private Limited
policybazaar.ipo@linkintime.co.in
PB Fintech Strengths
Wide choice and transparency
Providing a wide choice and transparency to customers to research and select insurance and personal credit products.
Proprietary Technology
Proprietary Technology helps in superior data intelligence and customer service.
Collaborative partnership
Collaborative partnership with various companies for insurance and lending products.
Strong network effects
Strong network effects for Policybazaar and Paisabazaar platforms.
PB Fintech Risks
History of losses
The company has a history of losses and anticipates increased expenses in the future
High competition
The company operates in dynamic and competitive online fintech industries
Negative cash flows
The company has had negative cash flows from operating, investing and financing activities in the past, and may continue to have negative cash flows in the future
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,875.0 crore, of 19,132,653 shares. It also consists of a fresh issue of Rs 3,750.0 crore.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 940.0 - 980.0.
The IPO application opens on Nov 01, 2021 and closes on Nov 03, 2021.
The minimum lot size for the IPO is 15. The maximum lot size for the IPO is 195.
For all category investors, the minimum application amount for this IPO is Rs. 14,700.0, the maximum value for this IPO is Rs 191,100.0.
This IPO will be allotted on Nov 10, 2021.
The refund will be credited to your account on Nov 11, 2021.
The allotted shares will be credited to your demat on Nov 12, 2021.
PB Fintech Ltd.’s shares listed on the stock exchanges on Nov 15, 2021.