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Shares of PB Fintech Ltd, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, listed with a premium of over 17 per cent against its issue price of ₹980 on Monday.
The stock made its debut at ₹1,150, up 17.34 per cent on both the BSE and NSE.
It then gained 22.95 per cent to ₹1,205 on the BSE.
The initial public offer of PB Fintech Limited was subscribed 16.59 times earlier this month.
The Price range for the ₹5,710-crore offer was at ₹940-980 per share.
PB Fintech commanded a market valuation of ₹52,800.49 crore on the BSE in early trade.
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