Has the stock of Policybazaar fallen below its IPO price?
Answer
Answer
PB Fintech, the digital insurance start-up that owns and operates the Policybazaar and Paisabazaar platforms, has hit a new low since listing. However, it is still above the IPO price of Rs.950 per share. The stock has fallen with the general trend across most of the Fintech and digital companies in India. PB Fintech will now focus on expanding the customer base and addressing under-penetration of health insurance in India.