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15/11/2021 10:43:27 AM | Source: Reuters
SoftBank-backed Policybazaar lists at 17% premium in India market debut
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SoftBank-backed Policybazaar lists at 17% premium in India market debut

BENGALURU - Shares of PB Fintech Ltd, the SoftBank-backed parent of online insurance aggregator Policybazaar, opened on Monday at a premium of more than 17% to the IPO price.

PB Fintech shares debuted at 1,150 rupees in pre-open trade, compared with the offer price of 980 rupees, after the IPO was oversubscribed nearly 17 times.

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