#policybazaar share price

[kadam89priyanka]

Are Indian Fintech companies scheduled for rapid growth?

India has one of the fastest-growing markets for fintech companies. There were 6,636 fintech companies in India in 2022. Fintech refers to integrating technology to offer financial services to offer improved customer services. It is an emerging industry with excellent growth opportunities. Digitization of the service sector and technological infrastructure growth are the reasons behind the rapid growth of the fintech sector in India. The new-age industries are also great for investment purposes. 

What is Fintech?

Fintech is a combination of financial and technology. Fintech companies use innovative new technology to improve and automate the delivery of financial services to users. When Fintech emerged at the beginning of 2000, it employed back-end technology to boost the services of financial institutions. Since however, Fintech has expanded to more consumer-oriented services. Modern Fintech includes various sectors like education, financial institutions, retail banking, insurance, investments, etc. 

The Fintech industry in India now describes various monetary activities like money transfers, depositing and lending bypassing bank braces, raising funds for business startups, and managing your investments and money independently. 

 The Indian fintech segment has seen rapid growth in the past few years in terms of new Fintech companies and users. India’s digital payment landscape has become one of the fastest growing, with a CAGR of 10%. Digital payments grew at a CAGR of 10% in volume. At an expected CAGR of 20%, India’s Fintech transactions are expected to reach US$138 billion in 2023.

Future of Fintech

The Fintech adoption rate of India is far ahead of the global average of 64%. It is expected that the India Fintech market will generate US$200 billion in revenue by 2030 and have US$1 trillion as AUM. India's Fintech growth in the last few years is supported a few encouraging factors. 

There is a significant impetus from the government and relevant regulators to popularize digital transaction culture.   

A thriving VC ecosystem

Availability of affordable data and internet that promoted rapid digitization.

Demographic opportunities presented by the large population.  

The Indian Fintech demography is dominated by players like Paytm, Lendingkart, PolicyBazaar, MobiKwik, PhonePe, PayU, and others. let's now see which Fintech stocks you can buy on BSE and NSE.

Fintech stock to buy

  Paytm

One97 Communications is the parent company of Paytm, one of the first and leading Fintech platforms. Founded in 2000, Paytm is the most popular and trusted mobile payment app.

 The largest shareholders of One97 Communications are Alibaba Group, Fintech affiliate Ant Group, and Japan's Softbank. Paytm released its IPO in 2021, and investors can buy its shares on NSE and BSE. According to market experts, it is the right time to buy Paytm shares. Paytm share price has corrected by 77% since the IPO launch, improving the risk-reward for the company.

PolicyBazaar

With more than 90% of the market share in online insurance sales, PolicyBazaar is the undisputed leader in the space. They democratized the insurance policy landscape by allowing customers to compare different options. The company started in 2008 and expanded into many horizons of policy cancellation, settlement and renewal. 

Policybazaar share price has undergone a few rounds of corrections in its relatively short trading history. If you want to buy PB shares, buy it during a dip.

Final words 

The financial technology domain is an exciting space with exciting investment opportunities to interested investors, like MobiKwik, which is planning an IPO. Before in any segment, however, always research and get a holistic understanding of the risks and opportunities associated. Happy investing!

[indiafrontline123]

Paytm, Zomato, Nykaa, PB Fintech rise amid market volatility

The parent firm of Nykaa, FSN E-Commerce Ventures, saw a more than 3% increase in share price to Rs 155.35. Zomato increased 3% to Rs 56.15. PB Fintech, the company that runs PaisaBazaar and PolicyBazaar, increased by 2% to Rs 476.15, while One 97 Communications, the company that owns Paytm, increased by 2% to Rs 583.95.

[vision4perception]

JM Financial sees limited upside for PolicyBazaar in near-term

JM Financial sees limited upside for PolicyBazaar in near-term

MUMBAI: PolicyBazaar‘s Dalal Street debut on Monday saw it post strong listing gains, however, brokerage firm Services sees limited scope for further gains in the stock. The brokerage has initiated coverage on the online insurance broker with a “hold” rating and a price target of Rs 1,270, which implies a nearly 5 per cent downside from the current market price. The brokerage firm believes that…

[lunamehta]

Info on Policybazaar IPO Grey Market Premium

The premium at which grey market Policybazaar IPO shares are traded before they are listed on the stock exchange is known as the grey market premium. Currently grey market premium of Policybazaar is from 175-180.

[supernews]

Policybazaar slips 4% to touch new low; stock falls 25% in last one month

Shares of PB Fintech, the parent company of Policybazaar, hit a new low of Rs 862.80, down 4 per cent on the BSE in Tuesday’s intra-day trade in an otherwise firm market. With this, the stock has fallen below its previous low of Rs 884.95 touched on Friday, January 7, 2022, exchange data showed.

In the past one month, the market price of PB Fintech dipped 25 per cent after the mandatory lock-in period for anchor investors expired on December 13, 2021. In comparison, the S&P BSE Sensex was up 3 per cent during the same period.

With today’s fall, the stock has corrected 41 per cent from its all-time high of Rs 1,470 hit on November 17, 2021. Today, it was down 12 per cent against its issue price of Rs 980 per share. PB Fintech made its stock market debut on November 15, 2021.

On Monday after market hours, PB Fintech announced that the insurance premium originated by PB Fintech group posted a 67 percent year-on-year growth at Rs 1,786 crore in the October-December 2021 quarter (Q3FY22).

For the first three quarters (April- December) of the fiscal year 2021-2022 (9MFY22) it reported an aggregate premium, including that of both new and renewal business, at Rs 4,803 crore, up 38 per cent over 9MFY21.

Read more

[newsclick01]

Policybazaar Shares To Debut On Bourses On

Policybazaar Shares To Debut On Bourses On

Shares of PB Fintech, the parent company of Policybazaar will be listed on November 15 Shares of Policybazaar will be listed on the stock exchanges on Monday (November 15). The stocks of PB Fintech (the parent company which operates Policybazaar) will be listed both on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). PB Fintech through its Policybazaar initial public offer (IPO)…

[doonitedin]

Share Market LIVE: Nifty sits above 17,900, Sensex nears 60,300; Larse & Toubro, Tech Mahindra top gainers

India VIX was down in red on opening bell. (Image: REUTERS) Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic benchmark indices started Wednesday’s session in the green. Sensex regained 60,300 on opening bell while Nifty 50 was above 17,900. Bank Nifty reclaimed 40,000 mark. Broader markets were trading with gains while India VIX was down in red, slipping below 17 levels.…

[hummingzone]

What analysts are saying about Info Edge post Q4 earnings

What analysts are saying about Info Edge post Q4 earnings

Brokerages have maintained a neutral or sell rating on as its March quarter earnings missed estimates, and on the current valuations factor in the long term growth prospects. Edelweiss has maintained a hold rating with a target price of Rs 5460, saying that current valuations already factor in valuation re-rating. Nomura has maintained a neutral stance and revised target price to Rs 4550 from Rs…

[alwaysfirst]

These 4 newly listed startups lose steam, shares way below their all-time highs

Jul 08, 2022 10:33 IST New Delhi , July 8 (Always First): After having witnessed sizable gains on their exchange debut, a majority of the start-ups listed in the past one year have underperformed and fallen sharply from their all-time highs. MapmyIndia, CarTrade, Nazara Technologies, Nykaa, Zomato, Policybazaar, Paytm and Delhivery were among several startups which came up with their Initial Public Offerings (IPOs). Nykaa Nykaa, the beauty retail company founded by entrepreneur Falguni Nayar caused a buzz in the market when it listed its IPO in 2021. FSN E-Commerce Ventures, which operates the online beauty e-commerce platform Nykaa, raised Rs 5,352 crore through the IPO and was a huge success. The IPO got subscribed 81.78 times. It made a strong debut on the stock market by getting listed at 79 per cent premium over its issue price. Currently, Nykaa's share price is at Rs 1,441.95, which is around a 52-53 per cent decrease from its record high price. Zomato Food aggregator Zomato's IPO too was a success as it was subscribed 38.25 times. It made a stellar debut at a premium of 53 per cent. At present, the share price of Zomato is at Rs 54.50, which is approximately a decrease of 67 per cent from its peak of Rs 169. Policybazaar PB Fintech-owned online insurance service provider Policybazaar had listed at a premium of 17.35 per cent on the BSE. It reached a high of Rs 1,470. However, like the others, this also has faced a decline in share price and is currently trading at Rs 571.65. Paytm Expected to be a success story for the start-up ecosystem, IPO of One97 Communications-backed Paytm instead had a disappointing debut. With an IPO size of Rs 18,300 crore, it got listed at a discount of 9 per cent to its offer price. Analysts believe that Paytm's business lacked systematic direction and well-planned focus, while others attributed the slump to an extremely high valuation of the company. On the other hand, the silver lining among the recently listed start-up companies is that logistics solution provider Delhivery has risen 13 per cent since its debut on May 24, 2022. Currently trading at Rs 588.50, the listed start-up company has been performing comparatively well as compared to its peers. (Always First) Read the full article

[ashok-kumars-world]

Mutual funds pumped over Rs 4,000 crore into the anchor book as Life Insurance Corporation (LIC) mopped up more than Rs 5,000 crore ahead of floating its public issue on Wednesday (May 4).

The LIC anchor book closed on Monday (May 2) with 59.2 million shares on offer with 42.1 million units kept for domestic mutual funds. Around 99 mutual funds invested Rs 4,001 crore, buying the shares at Rs 949 apiece on a price band of Rs 902-949.

Foreign portfolio investors (FPIs), pension funds, corporates and other insurers also participated in the anchor investment. At Rs 21,000 crore-issue size, the LIC IPO is the largest India has seen so far.

Mutual fund houses have their own reasons to turn anchor investors to LIC's mega-IPO. Here is what they have to say.

'Fairly-valued IPO, but needs digital distribution'

The LIC IPO has found takers among institutional investors due to valuation of the IPO, resizing of the issue and LCI's intent to become more digital-oriented, according to fund managers.



“Initially, there was talk about two-times embedded value. Now, the IPO is getting priced at 1.1-times its embedded value. So, it is fairly priced. The share float has also been reduced to Rs 21,000 crore, with government selling 3.5 percent stake instead of 5 percent. Markets should be able to handle this kind of supply even in current global environment,” said a fund manager, whose schemes have participated in the anchor book.

“But, at the same time, we don't expect much accretion to the value, which comes from incremental business or growth. LIC's stock will have a lot of linkage with the markets as well. Its embedded value is dependent on how the equity market behaves. There is lot of portion that is mark-to-market. Overall, the company has much higher investments in equity,” he added.



Not all mutual funds think that LIC's growth will be a major problem for the stock.

Also read: These mutual funds didn't participate in LIC anchor book

“LIC is a dominant player in an emerging market. So, it will have a reasonable growth, even though it might not be as much as its private insurance counterparts. There is still under-penetration of insurance products in India. Yes, there have been new model of distribution through digital mode, but LIC is also adapting to these changes,” said head of a second fund house, requesting anonymity.

Also read: LIC IPO: Here's how you can max out bidding for the mega public issue

The popularity of insurance product aggregators online has contributed to fall in LIC's market share. LIC has so far been dependent on its agent network, but its recent tie-up with Policybazaar shows that it wants to also make its presence on digital distribution networks.

Also read: LIC IPO | How can policyholders invest in the mega listing?

“There has been lot push all around for this IPO, whether it is the government, broking platforms, policy agents, etc. So, the awareness among retail investors for IPO has been unparalleled. I won't be surprised if this issue sees record applications,” the mutual fund head added.

The mutual fund schemes that got the largest share of the anchor book included SBI Equity Hybrid (9.2 percent of the anchor book), ICICI Value Discovery (3.9 percent) and SBI Balanced Advantage Fund (3.6 percent).

LIC's market cap after the IPO will be around Rs 6 lakh crore, which will make it a large-cap stock. Several large-cap funds participated in the anchor book. Thematic funds, large- and mid-cap funds, as well as a few small-cap funds participated in the anchor book.

Mid- and small-cap funds need to invest at least 65 percent of corpus to mid- and small-cap stocks. The rest is at the fund manager's discretion.

When does IPO open for others?

The LIC IPO will open on Wednesday (May 4) for all other investors, who can place their bids till the IPO window closes on May 9.

At issue size of Rs 21,000-crore, it is India's largest IPO so far. The government was originally slated to offload 5 percent of its stake in the company, but it brought down the stake sale on offer to 3.5 percent.

The price band is set at Rs 902 to Rs 949 per equity share. Policyholders will get a discount of Rs 60 per share, while employees and retail investors will be entitled to a lower discount of Rs 45.

[moneymoksh]

Policybazaar IPO Review- Good to Invest or Not?

This year, numerous IPOs’ have come. One after another IPO is coming in which big IPOs are included. Probably, one such big IPO is PB Fintech whose flagship trademarks are Policy Bazaar and Paisa Bazaar.

PB Fintech to launch its IPO on 1st Nov 2021 on the auspicious occasion of Diwali. They filed its DRHP document with SEBI a couple of months ago since then it created a buzz among retail investors.

The IPO’s date, price band, lot size isn’t out yet but given the expectation for IPOs of start-ups in India and the blockbuster reaction to the Zomato IPO. We thought we will bring you up to date with everything about PB Fintech, its flagship brands PolicyBazaar & PaisaBazaar, and their outlook.

PolicyBazaar

Let’s talk about the journey of PB Fintech and its trademarks. Its flagship brand Policybazaar was commenced in 2008 to streamline the insurance space by founders Yashish Dahiya, Alok Bansal, and Avaneesh Nirjar as an insurance comparison website.

Over the years, the website developed to become an insurance marketplace. In 2015, Policybazaar likewise commenced its app on Android and iOS.

Based on the number of policies sold, today Policybazaar is India’s largest digital insurance marketplace with a 93.4% market share in FY20. Around 65.3 % of all digital insurance sales in India were served by Policybazaar in FY20. As of March 2021, on the Policybazaar platform, 51 insurers offer over 340 terms, health, motor, home, and trip insurance Policies products.

corresponding to Crunchbase, Policybazaar has raised an aggregate of$766.6 million across 13 rounds containing secondary share transactions. Info Edge which runsNaukri.com was the seed investor in Policybazaar with an investment of$6.9 million in 2008.

[vision4perception]

Listing of ​Policybazaar, SJS Enterprises and Sigachi Industries tomorrow: Which one will double wealth?

Listing of ​Policybazaar, SJS Enterprises and Sigachi Industries tomorrow: Which one will double wealth?

New Delhi: Following mixed signals by recent debutants, Dalal Street traders are keenly awaiting three new listings on stock exchanges on Monday. PB Fintech (Policybazaar), SJS Enterprises and Sigachi Industries are going to be listed on Monday. The IPOs of all the three companies were open for subscription between November 1-3. If grey market trends are to be believed, all the three stocks are…

[techminsolutions]

Policybazaar shares list at 17.35% premium to IPO price; stock trades at Rs 1,150 apiece on debut

Policybazaar shares list at 17.35% premium to IPO price; stock trades at Rs 1,150 apiece on debut

PB Fintech’s shares began trading at Rs 1,150 per share. (Image: REUTERS) Policybazaar’s parent company PB Fintech made a positive stock market debut on Monday as benchmark indices moved higher. PB Fintech’s shares began trading at Rs 1,150 per share, up Rs 170 apiece or 17.35% from the upper end of the IPO price band of Rs 980 per share. The Rs 5,600 crore IPO of PB Fintech was subscribed 16.59…

[brainmassfinance]

Sigachi Industries’ record-breaking IPO pop

In what was the biggest week for Indian startups in over a decade, one company, in particular, made a bang — Sigachi Industries. And in today’s edition, we see why investors are raving about the company.

The Story

What is Sigachi Industries and what does it do? That was the big question last week — a week during which we saw PolicyBazaar and PayTM raise billions. Because Sigachi, despite taking home a measly $17 million during its IPO, outperformed everyone on the block as it hit Dalal Street with a massive listing gain of 252.7%. Put another way, if you were allotted Sigachi shares during the IPO, you could have more than tripled your investment. In fact, it ended the day 270% higher than the IPO price of Rs 163. It had the second-best IPO debut ever.

Pretty crazy, right?

But once again, we must address the elephant in the room. What does the company actually do? Well, Sigachi happens to be the leading manufacturer of something called MCC (microcrystalline cellulose) in India. And if you’re scratching your head at that, don’t worry, it’s not that complicated. You know how tablets disintegrate pretty quickly when you put them in a glass of water. Well, that’s because tablets are supposed to do that. They’re supposed to dissolve in your stomach and enter the bloodstream. Now usually they come out as powders. But if you want to bind them together, you need MCC. And for Sigachi nearly 75% of its revenues come from the pharmaceutical sector — mostly exports.

And that makes them a reasonable important player in India’s burgeoning pharmaceutical ecosystem. But since MCC does its job so well, it’s also used in other industries. That frozen dessert that you picked up at your kirana store? Well, that may have contained MCC. The cheese that you love snacking on? Maybe there’s some MCC there too. Even that dressing on your salad may contain MCC. So while you may not have heard of it before, you will probably have ingested it nonetheless.

Now we know what the company does, the natural question is why did Sigachi’s IPO pop so spectacularly?

Now that we know what the company does, let’s see why its IPO popped so spectacularly, shall we?

Well, for starters, in a world where loss making unicorns are going public at astronomical valuations, this pharma-related company was profitable and “cheap” in comparison. The company was priced at just 15 times the earnings it made during the financial year 2021. For context, even the Nifty 50 is trading at over 27 times its overall earnings.

It also didn’t hurt that there aren’t any other MCC manufacturers that are listed on the Indian stock markets. That gave Sigachi a scarcity premium — the kind of stuff that happens when investors feel that this is the only stock they can help them ride the MCC wave. After all, the MCC market is projected to grow annually at 8% to reach the $1.6 billion mark by 2027 and it makes sense that some investors would be willing to pay a premium.

And there’s also the fact that existing investors didn’t cash out during the IPO. Whatever money Sigachi raised — It’s expected to fuel future expansion. And that tells you that investors have a lot of confidence in the company’s future prospects.

But at the end of it all, this is also partly attributable to the fact that some people got things wrong i.e. The investment bankers who priced the IPO. They’re the folks in suits who crunch numbers, gauge investor sentiment, and then decide the price at which the company could potentially sell its shares to the public. Considering the shares eventually listed at 250% premium, it’s fair to say that they got the pricing wrong. If they’d priced it higher, maybe the company could have raised more money without diluting as much of its stake.

But in any case, that’s in the past now. And while very few people knew about Sigachi just a few weeks prior, now they’re the talk of the town. In fact, research analysts peg that the stock may jump another 50% within a month, and even if that prophecy doesn’t come true, the company would still have ridden a purple patch like no other.

[doonitedin]

Share Market LIVE: Nifty reclaims 17900, Sensex tops 60000, indices trade at day’s highs; IndusInd Bank up 7%

India VIX was up in the green. (Image: REUTERS) Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets began trading in the green on Monday morning, looking to recover some of last week’s losses. S&P BSE Sensex was above 59,600 while Nifty 50 was above 17,800. Broader market were mirroring the up-move and India VIX was up in the green. Bank Nifty was up 0.62% above…