Policybazaar slips 4% to a new low, stock down 26% from all-time high

Meanwhile, the mandatory one-month lock-in period for anchor investors expired today

Shares of PB Fintech, the parent company of Policybazaar, hit a new low of Rs 1,085.90, down 4 per cent on the BSE in Monday’s intra-day trade as the mandatory one-month lock-in period for anchor investors expired today, December 13, 2021. The stock has fallen below its previous low of Rs 1,120 touched on December 10, 2021, exchange data showed.

With today’s fall, the stock has corrected 26 per cent from its all-time high of Rs 1,470 hit on November 17, 2021. PB Fintech had made a stock market debut on November 15, 2021. The company raised Rs 5,625