New Delhi, Nov 15 (PTI) Shares of PB Fintech Ltd, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, listed with a premium of nearly 23 per cent against its issue price of Rs 980 on Monday.

The stock made its debut at Rs 1,150, up 17.34 per cent on both the BSE and NSE.

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It gained 27.44 per cent to Rs 1,249 during the day on the BSE. It rallied 22.74 per cent to close at Rs 1,202.90.

On the NSE, it jumped 22.61 per cent to close at Rs 1,201.60.

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In traded volume terms, 12.93 lakh shares were traded at the BSE and over 3.63 crore shares at the NSE during the day.

The initial public offer of PB Fintech Limited was subscribed 16.59 times earlier this month.

Price range for the Rs 5,710-crore offer was at Rs 940-980 per share.

PB Fintech commanded a market valuation of Rs 54,070.33 crore on the BSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)