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PB Fintech Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,150.00 on the Bombay Stock Exchange, a 17.34 per cent premium to its issue price of Rs 980.00. On the National Stock Exchange, the stock was listed at Rs 1,150.00. The company, which raised 5.74 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 573.98 lakhs shares. The company, listed under B Group Securities post its IPO, opened for subscription from Nov 01 to Nov 03. Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for Enhancing visibility and awareness of the brands, including but not limited to “Policybazaar and “Paisabazaar; New opportunities to expand the Consumer base including the offline presence Strategic investments and acquisitions Expanding the presence outside India General corporate purposes. HDFC Bank Ltd,Citigroup Global Markets India Pvt.Ltd.,Jefferies India Pvt. Ltd.,Kotak Mahindra Capital Company Ltd.,Morgan Stanley India Company Private Limited,IIFL Securities Limited,ICICI Securities Ltd as lead managers & Link Intime India Private Limited is the registrar, to the issue. Meanwhile, the broader benchmark BSE Sensex closed trade at 60,686.69, up 767.00 points, or 1.28 per cent.