View On Policy Bazaar IPO By Mr. Aayush Agrawal, Swastika Investmart Ltd
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Below are Views On Policy Bazaar IPO By Mr. Aayush Agrawal, Sr. Research Analyst - Merchant Banking, Swastika Investmart Ltd.
New edge businesses are garnishing interest investors’ interest in India and we have seen multi-baggers from such kinds of businesses in the USA and China. PB Fintech is now aiming towards the expansion of its customer base and the under penetration of the insurance industry provides it a positive outlook in the future. But the fact that it has never registered profit we recommend only the aggressive investors with a long horizon to stay invested in the IPO. PB Fintech got a decent response from the market getting subscribed 16.58 times. Its GMP dropped from 300 to Rs. 60 post-closure of issue. We expect the shares to list between Rs.1000 to Rs. 1150, which is 10 % to 15% higher than its price band.
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