PB Fintech (Policybazaar) IPO - Listing Day Performance

PB Fintech (Policybazaar) had a strong listing on 15th November and listed at a premium of 17.35%, and closed the day well above the listing price. While the stock did show a sharp bounce during the day, it failed to hold on to higher levels.

With overall subscription of 16.59X and stable trading interest in the GMP market, the listing was expected to be strong.
 

Here is the PB Fintech (Policybazaar) listing story on 15-Nov.

The IPO price was fixed at the upper end of the band at Rs.980 considering the 16.59X subscription. The price band for the PB Fintech (Policybazaar) IPO was Rs.940 to Rs.980. On 15th Nov, the stock of PB Fintech (Policybazaar) listed on the NSE at a price of Rs.1,150, a premium of 17.35% above the issue price of Rs.980.

On the BSE also, the stock listed at Rs.1,150 a premium of 17.35% on the issue price.

On the NSE, PB Fintech (Policybazaar) closed on 15-Nov at a price of Rs.1,201.60, a first day closing premium of 22.61% on the issue price. On the BSE, the stock closed at Rs.1,202.90, a first day closing premium of 22.74% on the issue price.

On both the exchanges, the stock not only listed above the IPO issue price but closed Day-1 well above the listing price.

On Day-1 of listing, PB Fintech (Policybazaar) touched a high of Rs.1,248.90 on the NSE and a low of Rs.1,149. The premium held through the day. On Day-1 of listing, the PB Fintech (Policybazaar) stock traded a total of 363.79 lakh shares on NSE amounting to value of Rs.4,332.71 crore.

Check - Policybazaar IPO - Subscription Day 3

On 15-Nov, Policybazaar was the most active share on NSE by traded value. On the BSE, PB Fintech (Policybazaar) touched a high of Rs.1,249 and a low of Rs.1,145.

On BSE, the stock traded a total of 12.93 lakh shares amounting to value of Rs.153.47 crore. It was the second most active share on the BSE in terms of trading value.

At the close of Day-1 of listing, PB Fintech (Policybazaar) had a market capitalization of Rs.54,070 crore with free-float market cap of Rs.11,355 crore.

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