In the boom of the IPO market, three companies are preparing to raise 25 thousand crores together. Paytm, Policy Bazaar, and Mobikwik will jointly raise this money. Out of this, two companies have submitted documents with the market regulator SEBI.
Paytm and MobiKwik have submitted papers with SEBI. While the policy market is also preparing for it in the coming days. Paytm will raise Rs 16,600 crore while MobiKwik will raise Rs 1,900 crore. The policy will bring the issue to the market for Rs 6,500 crore. Policy Bazaar will be listed under the name of its parent company PB Fintech. Policy Bazaar is its brand name. This will be the 5th startup to come up with an IPO.
Policybazaar is an online insurance aggregator. This means that you can get every information about the product of insurance companies on its platform. Sometime back it has also acquired a license to sell insurance policies. On its platform, you can also find out which company's product is cheap and whose expensive. Japanese company SoftBank has invested in this company.
At present, both retail and institutional investors are investing good money in the market. According to analysts, the listing of companies like Zomato could lead to a further listing of fintech companies and startups. Although such companies are getting listed and share prices are increasing well, but the challenges for them are many in the future.
For example, both revenue model and profit-making are challenging issues for them. From Paytm, Zomato, all such companies are in huge losses for years. Also, strict scrutiny with many regulators can also create problems for them. These companies come under the purview of many regulators. Both Paytm and Policy market has a share of Chinese investors. Chinese investors can sell their stake in both of these issues.
So far in the month of July, 4 companies have raised Rs 12,385 crore from the market. Glenmark's issue of Rs 1,513 crore opened on Tuesday, while Rolex's issue of Rs 731 crore will open this week. That is, in the month of July, companies will raise Rs 14,629 crore through a total of 6 issues. Baba Ramdev's Ruchi Soya will raise Rs 4,300 crore through FPO. There have been 28 Initial Public Offers (IPOs) so far in 2021. He has raised an amount of more than 38 thousand crores. This is the second-best year in which more money has been raised. In 2017, companies had raised Rs 67,167 crore through this medium.
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