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Policybazaar parent PB Fintech's shares trade nearly 1% higher ahead of Q1 results; check details
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2 min read | Updated on August 06, 2024, 10:57 IST
SUMMARY
The company's shares were listed on November 15, 2021. Its IPO ran between November 1, 2021, and November 3, 2021. The price band of the offer was ₹940 to ₹980 per share.
Stock list
The company is slated to release its June quarter (Q1 FY25) numbers today.
The company, as per its website, launched Policybazaar in 2008 and Paisabazaar in 2014 to help customers select a variety of personal loans and credit cards.
The company's shares were listed on November 15, 2021. Its IPO ran between November 1, 2021, and November 3, 2021. The public issue was a book-built issue of ₹5,625.00 crore.
It was a combination of a fresh issue of ₹3,750 crore and an offer for sale of ₹1,875 crore. The minimum lot size for an application was 15 shares. The minimum amount of investment required by retail investors was ₹14,700.
PB Fintech Q1 FY24 results
The company reported a significant reduction in its net consolidated loss for the first quarter of 2023. The company's net loss narrowed 94% year-on-year to ₹11.9 crore. It reported a net loss of ₹204 crore in the corresponding quarter of the previous fiscal year.
Its operating revenue grew by 31% year-on-year to ₹666 crore.
On a year-to-date (YTD) basis, shares of the company have jumped over 85%, while in the past 12 months, the stock has rallied 86%. In comparison, the benchmark NIFTY50 has gained over 23% in the last year.
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