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Fino Payments Bank IPO vs PolicyBazaar IPO

Comparision between Fino Payments Bank IPO and PolicyBazaar IPO.

IPO Details

Fino Payments Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while PolicyBazaar IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Fino Payments Bank IPO is up to ₹1,200.29 Cr whereas the issue size of the PolicyBazaar IPO is up to ₹5,625.00 Cr. The final issue price of Fino Payments Bank IPO is ₹577.00 per share and of PolicyBazaar IPO is ₹980.00 per share.

  Fino Payments Bank IPO PolicyBazaar IPO
Face Value ₹10 per share ₹2 per share
Issue Price (Lower) ₹560.00 per share ₹940.00 per share
Issue Price (Upper) ₹577.00 per share ₹980.00 per share
Issue Price (Final) ₹577.00 per share ₹980.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 25 shares 15 shares
Fresh Issue Size
Fresh Issue Size (Amount) up to ₹300.00 Cr up to ₹3,750.00 Cr
OFS Issue Size 1,56,02,999 shares
OFS Issue Size (Amount) up to ₹900.29 Cr up to ₹1,875.00 Cr
Issue Size Total
Issue Size Total (Amount) up to ₹1,200.29 Cr up to ₹5,625.00 Cr

IPO Timetable

Fino Payments Bank IPO opens on Oct 29, 2021, while PolicyBazaar IPO opens on Nov 01, 2021. The closing date of Fino Payments Bank IPO and PolicyBazaar IPO is Nov 02, 2021, and Nov 03, 2021, respectively.

  Fino Payments Bank IPO PolicyBazaar IPO
Anchor Bid Date
Issue Open Oct 29, 2021 Nov 01, 2021
Issue Close Nov 02, 2021 Nov 03, 2021
Basis Of Allotment (Tentative) Nov 09, 2021 Nov 10, 2021
Initiation of Refunds (Tentative) Nov 10, 2021 Nov 11, 2021
Credit of Share (Tentative) Nov 11, 2021 Nov 12, 2021
Listing date (Tentative) Nov 12, 2021 Nov 15, 2021
Anchor Lockin End date 1 Dec 09, 2021 Dec 10, 2021
Anchor Lockin End date 2 Feb 07, 2022 Feb 08, 2022

Financials

Fino Payments Bank IPO P/E ratio is , as compared to PolicyBazaar IPO P/E ratio of .

  Fino Payments Bank IPO PolicyBazaar IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-March-21 31-Mar-20 31-Mar-19
Total Assets 10,102.91 6,240.01 6,840.72
Total Revenue 7,910.27 6,913.97 3,711.21
Profit After Tax 204.74 (320.36) (623.84)
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Jun-21 30-Jun-20 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 22,789.05 18,555.10 23,307.26 15,759.99 7,514.48
Total Revenue 2,581.74 1,912.73 9,574.13 8,555.63 5,288.07
Profit After Tax (1,108.44) (597.53) (1,502.42) (3,040.29) (3,468.11)
Promoter Shareholding (Pre-Issue) 100%
Promoter Shareholding (Post-Issue) 75%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Fino Payments Bank IPO retail investors (RII) are offered 20,75,031 shares while in PolicyBazaar IPO retail investors are offered 20,75,031 shares. Qualified institutional buyers (QIB) are offered 62,25,094 shares in Fino Payments Bank IPO and 1,93,29,621 shares in PolicyBazaar IPO.

  Fino Payments Bank IPO PolicyBazaar IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 62,25,094 shares 1,93,29,621 shares
NII 31,12,546 shares 91,09,539 shares
RII 20,75,031 shares 60,73,026 shares
Employee 51,993 shares 0 shares
Others
Total 1,14,64,664 shares 3,45,12,186 shares

Bids Received (Subscription)

Fino Payments Bank IPO subscribed 2.03x in total, whereas PolicyBazaar IPO subscribed 16.58x.

  Fino Payments Bank IPO PolicyBazaar IPO
QIB (times) 1.64x 24.89x
NII (times) 0.21x 7.82x
Big NII (times)
Small NII (times)
RII (times) 5.92x 3.31x
Employee (times) 0.93x
Other (times)
Total (times) 2.03x 16.58x

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