Quote on PB Fintech Limited IPO NEUTRAL Rating By Mr. Amarjeet Maurya, Angel One Ltd
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Below is quote on PB Fintech Limited - IPO - NEUTRAL Rating By Mr. Amarjeet Maurya - AVP - Mid Caps, Angel One Ltd
PB Fintech is India's leading online platform for insurance and lending products. The company provides convenient access to insurance, credit, and other financial products and aims to create awareness in India about the financial impact of death, disease, and damage. The Company has two business segments (1) Policybazaar & (2) Paisabazaar.
Outlook & Valuation: In terms of valuations, the post-issue FY2021 EV/Sales works out 47.6x to (at the upper end of the issue price band), which is high
considering ’s historical financial performance (making continuous losses on bottom-line front). Considering the company's overall business model and higher valuation, we recommend a NEUTRAL rating on the issue.
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