News > Policybazaar IPO sees 54% subscription on bidding debut

Policybazaar IPO sees 54% subscription on bidding debut

02/11/2021 09:15 AM | Click to read full article

The public issue of PB Fintech, which owns Policybazaar and Paisabazaar platforms, has seen a subscription of 54 per cent on November 1, the first day of bidding, as it received bids for 1.85 crore equity shares against an offer size of 3.45 crore equity shares.

The company primarily generates its revenue from commission and additional services, and from providing online marketing, consulting and technology services to insurers and lending partners.

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