Tag: paisabazaar

Policybazaar listed at Rs 1,150, a 17 per cent premium over to its issue price of Rs 980

Monday, November 15, 2021
With shares listed at Rs 1,150, a 17 percent premium over its issue price of Rs 980 per share on the BSE PB Fintech, the parent company of Policybazaar, made a good stock market debut. Post listing, the stock moved higher to Rs 1,194.95, a 22 percent premium to its issue price. At 10:02 am; PB Fintech was trading at Rs 1,185, up 3 percent from its opening level on the BSE. In comparison, the S&P BSE Sensex was up 0.40 percent at 60,928. Around 468,000 equity shares changed hands at the counter on the NSE and BSE. The Initial Public Offering (IPO) of PB Fintech had received a good response with the issue subscribed nearly 16.59 times. The institutional portion was subscribed 24.89 times; the wealthy investor portion by 7.82 times and the retail investor portion 3.31 times, data shows. The IPO consisted of a fresh issue to raise Rs 3,750 crore and an offer for the sale of shares worth Rs 1,960 crore by existing shareholders. Read more