Info Edge, SoftBank among biggest winners as Policybazaar lists
Shares of PB Fintech, the parent firm of PolicyBazaar and PaisaBazaar, rose 22.74% over its IPO price on listing day. Here’s how much each investor's stake in PolicyBazaar was worth after today’s close.
By ETtech |
ETtech
Policybazaar founders Alok Bansal (left) and Yashish Dahiya at the National Stock Exchange in Mumbai on Monday, Nov. 15, 2021. (Photo: Nitin Sonawane/ET)
Mumbai:PB Fintech Ltd., the parent firm of PolicyBazaar and PaisaBazaar, made its debut on the Indian stock exchanges on Monday, registering a 22.74% jump over its IPO price to Rs 1202.9 a share by the end of the day.
It is the third big tech-focused firm to list this year, after food delivery company Zomato and omnichannel cosmetics etailer Nykaa both listed with a bang on the exchanges.
The company’s market capitalisation surpassed Rs 54,070 crore on the first day of listing. The fortunes of more than a dozen institutional investors such as SoftBank, Tencent, Tiger Global, Temasek, Warburg Pincus and Falcon Edge stake soared due to the listing gains.
Here’s how much each investor's stake in PolicyBazaar was worth as of Monday’s close.
