 "PB Fintech shares list with over 17% premium over issue price of Rs 980")
Shares of PB Fintech Ltd, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, listed with a premium of over 17 per cent against its issue price of Rs 980 on Monday.
The stock made its debut at Rs 1,150, up 17.34 per cent on both the BSE and NSE.
It then gained 22.95 per cent to Rs 1,205 on the BSE.
The initial public offer of PB Fintech Limited was subscribed 16.59 times earlier this month.
The Price range for the Rs 5,710-crore offer was at Rs 940-980 per share.
PB Fintech commanded a market valuation of Rs 52,800.49 crore on the BSE in early trade.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app