Unlisted Shares of Policybazaar Fall Post IPO Price Band Annoncement
The share price of Policybazaar's parent PB Fintech in the unlisted market dropped by 36-39% to INR 1,100 - INR 1,400 on Wednesday
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The share price of Policybazaar's parent PB Fintech in the unlisted market dropped by 36-39% to INR 1,100 - INR 1,400 on Wednesday
The fintech unicorn will raise INR 5,708.64 Cr to INR 5,951.56 Cr. The issue size is over 6.07 Cr shares with a face value of INR 2 each.
PB Fintech Ltd, which runs the online insurance platform PolicyBazaar and the credit comparison website PaisaBazaar, has obtained approval from SEBI to raise Rs 6,017.50 crore through its IPO.
Online insurance aggregator PolicyBazaar has executed yet another secondary share sale, its second in a little over three months, ahead of an IPO planned at $3.5 billion valuation.