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PB FINTECH IPO
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.
Proposed commission caps may drive consolidation in insurance distribution: Acko CEOAcko founder Varun Dua anticipates regulatory changes to insurance distributor commissions will drive consolidation and professionalization...
SoftBank snags Rs 2,873 crore from Lenskart stake sale, clocking 7x returnSVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wed...
Policybazaar founder warns of insurance squeeze; IT's buying spreeHappy Wednesday! Policybazaar’s Yashish Dahiya has warned that proposed commission caps could disrupt the insurance distribution industry. ...
PB Fintech shares in focus after founders sell stake worth Rs 665 crore in Policybazaar parentPB Fintech founders sold shares worth Rs 665 crore. Yashish Dahiya and Alok Bansal offloaded stock on Friday. Major investors like Goldman ...
Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...
Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
Mutual funds buy new-age dip; Infy CEO interviewHappy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today...
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloffMutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value...
Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dipsHaitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...
Morgan Stanley initiates coverage on PB Fintech, FSN E-CommerceThe foreign brokerage has initiated coverage on Policybazaar's parent PB Fintech and FSN E-Commerce Ventures, operator of online cosmetics ...
Why IPO-bound fintech startups should have one eye on their US counterpartsWhile this represents another stellar listing for an Indian tech startup, Policybazaar, Paytm and other IPO-bound fintech firms in India wi...
Is PB Fintech gearing up for a positive surprise? Here's what grey market saysThe IPO of PB Fintech has raised some uncomfortable questions over the valuation. That could be why several brokerages have recommended inv...
Policybazaar IPO allotment likely today: Here's how to check statusPolicybazaar IPO received bids for 57,23,84,100 shares against 3,45,12,186 shares on offer, according to NSE data. The price range for the ...
PB Fintech IPO subscribed 16.59 times on Day 3The PB Fintech IPO received bids for 57.24 crore equity shares against an offer size of 3.45 crore, according to NSE data. The parent firm ...
PB Fintech IPO subscribed 9.4 times on last day of biddingPB Fintech mopped up Rs 2,569.37 crore from 155 anchor investors on Friday, a day ahead of IPO opening.
- Policybazaar IPO kicks off: Should you stay away from the issue?
Reliance Securities said Policybazaar IPO is valued at 22.1x FY21 book value and 46x on market cap to FY21 sales, which looks stretched.
PB Fintech covers a growing bazaar, look for a long-term playPB Fintech, which owns the online insurance policy platform Policybazaar and online lending platform Paisabazaar, plans to raise Rs 3,750 c...
Unlisted shares of Policybazaar's parent rallyThe shares in the grey market are now trading around ₹2,000-2,100 apiece from the earlier price of ₹1,800. The grey market IPO premium, how...
Policybazaar.com IPO in 12-15 months; parent firm gets capital boost from Bay CapitalBay Capital, which manages money on behalf of institutions and endowments from the US and the Europe, has infused an undisclosed sum into t...