PB Fintech Limited IPO Message Board (Page 11)

Lagta he policy bazar wale policy pakva ke hi manege 😂😂😂 lol...

Sahi pakde he chalakbhai 🤣

Chalakbhai,
Wese to sab applied kr di he.
Bt 1 application still pending for approve.
Gmp crash hua to ab soch raha hu Kya approve kr du ya nahi?

@ Jigar A
Panch to bhar diye ji, do- dhai to confirm ho hi giya. Or ek bhoroge to kya kor lega ?

Yes, will approve 👍

It''ll also become 0, once weak hands will discard the mandate on 8th November. GMP will open it''s wings and rest will be history.
90% people fell into this psychological turmoil and that''s stock market for you.

@jigar mota bhai bharo bharo... aapko ek secret batata hu kisiko mat batana... jab bhi QIB 13x cross kare to aap koi bhi ipo me risk le sakte ho... latest aptus me yahi hua.. fir subject 1500 hua.. fir market ki vajah se gira tha... same with PB ...

You might not need a car, but you''ll always need an insurance and a loan. And this might seem expensive but it''s market leader like Zomato.
It may or may not turn profitable in future but right now it got the buzz going for it.
Apply as per your risk appetite.

good reply monster.....explained everything in short and crisp :)

by remembering car trade, w.r.t. QIB subscription - now I am dropping - confusion cleared - thank you

If US Fed policy today evening is hawkish then PB Fintech IPO GMP will vanish in no time and will mostly probably list in discount bcoz of expensive valuations and many insurance players breaking tieup to list in PB platform.

Note: Cartrade was atleast showing decent profits unlike this IPO with its losses continuously increasing QoQ.

I didnt understand why CarTrade bombed so much.. it is atleast a profitable platform marketplace company and its unlisted competitor is valued at double valuation in unlisted space despite being in losses.

PB I think is very highly priced.. should have been at half the current valuations

Totally agree...the only flip side is that PB is 75% QIB/10% Retail whereas CT was 50% QIB/35% Retail.

CarTrade is not market leader. I hardly heard anyone selling their car in CT. Cars24 is the leader.
But Policy Bazar is market leader. They have good scope to penetrate into larger insurance market. They are wealth creators and they are spending their revenues to get more market share rather than showing them in profits just for the sake of it. Thats why FIIs are pouring money.

I think CarTrade bombed because
a) This market values market share more than profitability.
b) The auto market in general isn''t perceived to be a thriving one in India right now.

Our context is that of a pandemic. As people think most of the cars are bought in times of prosperity, it feels like the need for a market place like CarTrade is pretty limited. Also, how many times does someone buy a car on avergage? Once or twice in a lifetime? So it''s hard to imagine CarTrade having recurrent end-users.

On the other end, both the platforms of PB Fintech (PolicyBazaar and PaisaBazaar) are the market leaders in the digital category of their products. So the market share is there.

Next, insurance is increasingly seen as a necessity, more so in the times of pandemic. Similarly, the need for credit is increased in times of a pandemic. So PB is in a marketplace which is both growing rapidly (because of increased awareness about financial products among the masses) and seen to be fundamentally important.

And now the final point. Once a person gets into insuarance, they will start insuaring everything. Life, Medical, Home, Car, etc etc. Similarly, once you get a good experience with a loan, it''s likely you''ll come back again if you think it can help you grow. So the customer base is going to be more recurrent in PB Fintech.

These are the reasons why I think there is a good chance PB will list decently. If I have to make a comparison, I would say holding PB stock might be like the experience of holding CAMS - high chance of allotment, decent listing gains, and good growth at least in the medium term (CAMS share has zoomed 2.5x in a year).

Agree, anything can happen!

@kishore @zabhi: good points....completely agree....each company is different and business is different, no matter even if they are internet companies.
if one did bad, doesn''t mean other will also do similar way and vice versa also.