The IPO market is a bubble, a big one at that, says Abhishek Basumallick, Chief Investment Advisor at Investment Capital
The issue received bids for 57.23 crore shares as against 3.45 crore shares on offer
PB Fintech IPO is not cheap, and compared to the last place in March 2021, the issue is at 2.5x that placement.
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.
Vinit Bolinjkar of Ventura Securities spoke to Money9 on what is causing this correction.
Policybazaar has joined a number of other new-age fintech peers like Paytm, Mobikwik & Fino Payments Bank who have announced their IPO
The online insurance aggregator is seeking a valuation of $5 billion
From Paytm to Ola, a look at companies that are looking to raise money through initial public offers
Zomato, which would be the first major new age technology firm to list on domestic bourses, will be opening its Rs 9375 cr IPO on July 14