PB Fintech Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹135(13.78%)
Premium (ELP)
PB Fintech Limited's achieved publicly listed status following its IPO debut on Nov 15, 2021 at the NSE, BSE platform. The offering successfully mobilized 5,82,62,397 Shares, with 3,82,65,306 Shares allocated to corporate growth initiatives and ₹1959.71 Cr providing liquidity to existing shareholders.
Investment participation occurred within the established price band of ₹940 to ₹980, starting from minimum lots of 15 shares. The subscription window from Nov 01, 2021 through Nov 03, 2021 enabled investor participation across market segments.
Share allocation was completed on Nov 10, 2021, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
PB Fintech is India’s leading online platform for insurance and lending products, offering consumers easy access to insurance, credit, and other financial services while promoting awareness of financial risks. Launched in 2008, Policybazaar provides a digital marketplace where users can research, purchase, and manage insurance policies, partnering with 51 insurers to offer over 340 products, including term, health, motor, home, and travel insurance. By 2020, Policybazaar held a 93.4% market share in digital insurance policies sold in India. In 2014, PB Fintech launched Paisabazaar to simplify access to personal loans, credit cards, home loans, and loans against property, partnering with 54 banks and NBFCs. Paisabazaar became India’s largest digital consumer credit marketplace, holding a 51.4% market share in disbursals in 2020, enabling disbursals of ₹51,015 Mn, ₹65,496 Mn, and ₹29,168 Mn in fiscals 2019, 2020, and 2021, respectively.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide Customer Choice: Offers transparency and options for insurance and personal credit products.
- Proprietary Technology: Enables superior data intelligence and customer service.
- Collaborative Partnerships: Works with multiple companies for insurance and lending products.
- Strong Network Effects: Benefits from Policybazaar and Paisabazaar platform reach.
- High Renewal Rates: Maintains strong customer loyalty.
- Capital Efficient: Operates with low costs and high efficiency.
- Experienced Leadership: Guided by skilled founders and management team.
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PB Fintech Limited
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