currently, pbfintech has both paisa bazaar and policy bazaar.. it''s aggregator for not only insurance but also sells credit cards, home loans, education loans, car loans, etc.. It has a really good website and is the first mover in the market.. Lets see how it does post listing since unlike other IPOs, 75 to 80% of the ISSUE is fresh issue and for growth & expansion!
Long term decision will be based on Q2 results and Q3 results ( definitely +ve due to ipo money).... I''m pretty sure day closing price will be 1300+...given the current market trend.
244. Babal| Link| Bookmark|
November 14, 2021 9:37:03 AM
Top Contributor (300+ Posts, 100+ Likes)
PB may surprise like zomato in listing. Keep holding. India''s insurance penetration was pegged at 4.2% in FY21, with life insurance penetration at 3.2% and non-life insurance penetration at 1%. Lot of scope for online insurance.
If anybody studies the history of insurance penetration in India , he will be hopeless. However, many entertain this view but I know all these are cock and bull story. What will happen, will happen. For now, it is confirmed that it will give good listing period gain and playing opportunity.
Allotted 3 lots. My strategy would be to sell 1 lot and hold 2 lots. As flood of IPOs coming want to have many for other IPOs as well and hence reducing 1 lot. In nykaa as well sold one lot and holding others. Personally I am using policy bazaar to buy bike insurance. It''s very easy to use and always thinking when they will come with ipo. It will sure start making profits in coming years.
Insurance business in india will rise tremendaeously. And this company will get lot more business. But depends on their business model, how much profit margins they get out of policies people buy from them.