PB Fintech Limited IPO Message Board (Page 13)

Premium increased 600 Normal subject 2- 1700

Just posting an observation i came across in PB fintech''s RHP :
If you exclude the advertisement expenses, the company seems to be mostly profitable.
PAT ADV EXP Rs in million
31st march, 2019 = (3468.11) + 3458.54 = (9.6)
31st march, 2020 = (3040.29) + 4452.17 = 1411.29
31st march, 2021 = (1502.42) + 3678.43 = 2176.10
30th june, 2021 = (1108.44) + 1062.46 = (46.0)

Going forward as they expand their business and people start buying policies online, there should be a turnaround. The future of the business definitely seems to be bright as India transitions through digital revolution. Initially, they are going to spend another 1500m on advertisement but it would be interesting to see how they reduce this expenditure going forward as burning cash incessantly would not go down well with the investors.
The valuations at the moment are sky high as they have factored in the future growth. This year in March/April , they had a small fund raising @367 approximately and after 6 months they are asking for 980 per share which is very greedy on their part. One good thing is that the promoters have considerably reduced their stake sale which provides some confidence to investors.
All in all, with such a huge ipo and exorbitant valuations, it would be wise to apply for long-term based on your risk capacity and referring to QIB figures.

Listing
5% +
Or 5%-

Policy
Sub1 300/-
Sub2 1200
Premium ( Will update after 4 pm)

@Chalak
Can apply for atleast 10% listing gain?

Only those investors should invest in this IPO who can afford to block to their money for longer duration.

Large size of the IPO and higher cost of funding caused by bunching of multiple IPOs together will prevent this IPO to reach subscription levels where operators can successfully justify hype around future potential of new age insurance business using digital technologies.

Invest only with long term view. Just IMO....Suno sabki par karo sirf apne man ki

@ norul ji ur view on sjs ent for retail category. Thanks

The anchor investor book is nice. But do not how its fundamentals can manage stack up against its high price. Its abnormally high. With insurers and other payment banks offering these services or providing links, I think PB will not be able to sustain the competition and may go on making losses the way it is now. Even if there is a listing pop, it has drift down on the gravitational force of its financial performance.

Gmp please

QIB will surprises tomorrow

PB has reported a loss of almost 70 % in just Q1 FY22 against that in FY 21. And charging such high price. Certainly, this seems to be worse than Cartrade. If you invest, ready yourself for pain.

@ norul ji and sdz view on policy bazar. U both are applying or skiping the same. And what will be estimated hni subscription. Qib seems to be good, as anchor was good and last day it will increase. Plz guide, bcoz now ipo like gls, car trade and absl amc has disappointed.

I am applying for 515 lots in Singachi, & may apply PB 55 lots if figures favouring at 2.45pm.

Just on a lighter note......

Guys be careful.....Sigachi has already become Singachi but it should not become Sonagachi otherwise all the discussions will go in a very different directions......

Policy bazaar ipo gmp

Why Eagle eye is so silent in such ipo time...

Gurus are not giving their advices in recent IPOs . What is the reason?

PB FINTECH IPO APPLY OR AVOID??

Hni subscription might b very low.. under 25x.

@Noorul Good Allocation ... Best of luck for Sigachi

@Norul, and others, i have capacity to apply for 6 retail application in remaining IPOs. How should I divide between PB and Sigachi ? Tempting to go for Sigachi because of excellent return, Strong numbers and decent valuation... however chances of getting one lot (if I apply say only 1 lot from one account) is less than 2%.

Similarly PB, although has strong anchor investors, internet story and all, but returns expected are 5 to 15% only .

Retail quota is 17% and QIB is 56%. Already QIB subscribed 2.08 times. It is a huge issue size with 5625 cr. Total QIB bid amount is 5625*.056*.2.08 = 6552 cr. By looking at this QIB subscription amount I have decided to apply for this IPO.

HNI will jump on the last day

How many times do you expect?

I Expect to be some ware about 30 to 35 X , I may be wrong in the figures but check at 14.30 hrs and then apply before 15 00 hrs

Planning to skip this IPO completely unless subscription really surprises me tomorrow morning which is quite unlikely.

Everyone is thinking to give this ipo a miss considering high valuations. Of the two ipo''s , PPL hav chosen Nykaa for FF. Don''t know why my intuition is saying that PPL will flock on listing day.
Missing some experts on the board. And thanks to experts who hav given their view.

1. They don''t plan to become profitable in near future. They will increase advertisement expenditure.
2. Many big financial players have decided to move away from policybazaar. You will not find HDFC Bank, ICICI bank at their website.

Answer should be easy. This is a dead horse company with lots of pain.