Budget 2023Budget 2023


  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
Budget 2023
Budget 2023

JM Financial suggests 'hold' on PB Fintech, sets target at Rs 2,200 by December 24 despite risks. Here's why

JM Financial values PB Fintech at 8x EV/Revenue and 35x EV/EBITDA multiple to ideally factor-in long term growth as well as dilute the impact of near-term one-offs.

November 17, 2021 / 01:33 PM IST
  • bselive
  • nselive
Todays L/H

Policybazaar and Paisabazaar operator PB Fintech shares made a decent debut on November 15 as the stock listed with a 17.35 percent premium. The opening tick on the BSE was Rs 1,150.

The price trend was largely in line with analysts’ expectations and grey market trends.

The initial share sale of online insurance and lending products distributor has seen a good subscription of 16.58 times during November 1-3, garnering bids worth Rs 56,093.64 crore.

PB Fintech, which is widely known for Policybazaar, mopped up Rs 5,625 crore through its public issue that composed of a fresh issuance of shares worth Rs 3,750 crore and an offer for sale of Rs 1,960 crore by selling shareholders.