01-01-1970 12:00 AM | Source: Reuters
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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