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Should you pay a premium to add PB Fintech to your portfolio?
Long term investors should wait to enter the stock as valuations are high for a loss-making company
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Decent debut: Policybazaar lists at Rs 1,150 at a premium of 17.35%
PB Fintech opened for trading at Rs 1,150 apiece on the NSE and the BSE.
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PB Fintech IPO subscribed 16.58 times
The issue received bids for 57.23 crore shares as against 3.45 crore shares on offer
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Latest grey market premium and expert views
PB Fintech IPO is not cheap, and compared to the last place in March 2021, the issue is at 2.5x that placement.
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Policybazaar Rs 5,709.72 crore IPO opens next week, know all the details
PB Fintech has fixed the price band for the issue at Rs 940-980. Investors can bid for a minimum of 15 equity shares & in multiples, thereafter.
