Should I apply Policybazaar IPO?

Should I apply Policybazaar IPO?

Considering the company’s overall business model and higher valuation, we recommend a Neutral rating on the issue.” Choice Broking is positive on the IPO for long term. “Macros of the insurance sector are positive and so are the fundamentals of PBFL.

How do I get the Policybazaar IPO?

The company intends to raise ₹5,709 crore with this public issue, at a valuation of $6 billion….

  1. Log in to Paytm Money app.
  2. Click on the IPO section on the home screen.
  3. Apply for the IPO that is open for applications.
  4. Add details for bidding such as quantity, amount, and more.
  5. Enter UPI id to make payment.

Is PB Fintech profitable?

Yashish Dahiya, the Founder and CEO, PB Fintech said, “Our core businesses are profitable as of today. PB Fintech, popularly known as Policybazaar, made its debut on the exchanges today. The stock listed at a premium of 18 percent with the company’s market capitalisation crossing Rs 55,000 crore.

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Is Policybazaar IPO open?

The Rs 5,710-crore initial public offer of PB Fintech Ltd (PBFL), which operates online insurance marketplace Policybazaar and credit comparison portal Paisabazaar, opened for subscription on November 1 and closed on November 3. The shares of Policybazaar will be listed on the bourses on Monday, November 15, 2021.

Is policy Bazaar listed?

Shares of Policybazaar listed at over 17\% premium to the issue price today. The online insurance platform made its market debut at Rs 1,150 per share on the BSE against the IPO issue price of Rs 980. On NSE, Policybazaar made its debut at Rs 1,150 per share, implying a premium of 17.34\%.

Is Policybazaar listed in share market?

The parent company of Paisabazaar has been listed at both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on November 15. It received a healthy response from the buyers. The decent listing of the PB Fintech or Policybazaar IPO has taken many experts and analysts by surprise.

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