PB Fintech Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the PB Fintech Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹980
Per ShareLot Size
15 Shares
Minimum Investment
₹14,700
Issue Size
₹6,017.5 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
PB Fintech Ltd
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE417T01026
About the Company
PB Fintech Limited has built India's largest online platform for insurance and lending products, leveraging the power of technology, data and innovation. The Company provides convenient access to insurance, credit and other financial products and aim to create awareness amongst Indian households about the financial impact of death, disease and damage. Through its consumer-centric approach, it seeks to enable online research-based purchases of insurance and lending products and increase transparency, which enables Consumers to make informed choices. It also facilitates its Insurer and Lending Partners in the financial services industry to innovate and design customised products for Consumers. The Company primarily generates revenues from the following sources: (i) for its Policybazaar business, from insurance commission that it receives from its Insurer Partners, and additional services that it provides to Insurer Partners such as telemarketing and other services relating to sales and post-sales services, account management, premium collection and various other services, (ii) for our Paisabazaar business, from the commission that we receive from our Lending Partners, credit advisory and related services that it provides to its Consumers or Lending Partners, and marketing services that it provides to financial services partners and other third parties, and (iii) for the Company, from providing online marketing, consulting and technology services to Insurer and Lending Partners.
Industry Overview
In FY2020, India had a Rs. 7.6 trillion (US$ 102 billion) insurance industry, measured in terms of Total Premium. This industry is expected to grow at a 17.8% CAGR to reach Rs. 39.0 trillion (US$ 520 billion) by FY2030, with life, health and other general insurance growing at 18.8%, 15.3% and 13.5% CAGR respectively. However, as compared with global peers, India has a highly underpenetrated insurance market. India was amongst the lowest in the world in terms of Sum Assured as percentage of GDP in FY2021. India's mortality protection gap as a percentage of protection was at 83.0% in 2019, one of highest in the world.
Company History
PB Fintech Limited was incorporated as `ETECHACES Marketing and Consulting Private Limited', a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana, at New Delhi ("RoC") on June 4, 2008. Subsequently, the name of the Company was changed to `PB Fintech Private Limited', pursuant to a fresh certificate of incorporation issued by the RoC on September 18, 2020. Upon the conversion of the Company to a public limited company pursuant to a resolution passed by its shareholders on June 19, 2021, the name of our Company changed to B Fintech Limited' and a fresh certificate of incorporation dated June 30, 2021 was issued by the RoC.
Products & Services
- The Company provides ots customers with access to an extensive range of insurance products offered by its 48 Insurer Partners.
Growth Strategy
- Broaden and deepen its Consumer reach in India
- Expand its playbook to replicate its platform for SME and corporate clients
- Continue to invest in its brands
- Neo-lending strategy to cover innovation and segment gaps
- Continue to invest in its digital and technology infrastructure
- Pursue strategic investments and acquisitions to enhance product and service capabilities
- Pursue international expansions
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 58,262,397* equity shares of face value of Rs. 2 each ("equity shares") of PB Fintech Limited ("Company" or "Issuer") for cash at a price of Rs. 980 per equity share (including a share premium of Rs. 978 per equity share) (the "Offer Price") aggregating to Rs. 5709.72 crores (the "Offer") comprising a fresh issue of 38,265,306* equity shares aggregating to Rs. 3750.00 crores (the "Fresh Issue") and an offer for sale of 19,997,091* equity shares aggregating to Rs. 1959.72 crores (the "Offer for Sale"), comprising an offer for sale of 19,132,653* equity shares aggregating to Rs. 1875.00 crores by SVF Python II (Cayman) Limited (the "Investor Selling Shareholder") and 864,438* equity shares aggregating to Rs. 84.72 crores by certain persons listed in this prospectus (the "Other Selling Shareholders", as defined below) (the investor selling shareholder and the other selling shareholders, collectively, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares"). * Subject to finalization of the basis of allotment. The face value of the equity shares is Rs. 2/- each. The offer price is 490 times the face value of the equity shares. The offer constitutes 12.96% of the post-offer paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- The Company has created Consumer-friendly brands offering wide choice, transparency and convenience
- Its Proprietary Technology, Data and Intelligence Stack
- Collaborative partner for Insurer and Lending Partners
- Its scale gives the company self-reinforcing flywheels and strong network effects
- High renewal rates providing clear visibility into future business and delivering superior economics
- The COVID-19 pandemic, or a similar public health threat, could adversely affect its business, financial condition, and results of operations.
- The company operate in dynamic and competitive online fintech industries, which makes it difficult to predict its future prospects.
- If the company Insurer and Lending Partners fail to offer insurance and credit products catering to the evolving needs of Consumers, the company may not be able to retain existing Consumers or attract new Consumers to its online platforms.
- Any harm to its brand, failure to maintain and enhance its brand recognition or reputation, or failure to do so in a cost-effective manner may materially and adversely affect its business and results of operations.
- The company depend on cooperation with its Insurer and Lending Partners. Its business may be negatively affected if its business partners do not continue their relationship with the company or if their operations fail.