PB Fintech Ltd Share Price

Description

• The Company was incorporated as ETECHACES Marketing and Consulting Private Limited on 04 June 2008. Subsequently, the name of the Company was changed to PB Fintech Private Limited on 18 September 2020. Upon the conversion of the Company to a public limited company pursuant to a resolution passed by the shareholders on 19 June 2021, the name of the Company changed to PB Fintech Limited on 30 June 2021. The company is engaged in providing integrated online marketing and IT consulting and support services largely for the financial services industry including insurance.PB Fintech operates Policybazaar,the India`s largest digital insurance marketplace,and Paisabazaar that provides services related to lending products. Pursuant to the shareholders` resolution dated 24 November 2020, each equity share of the Company of face value of Rs 10 each was split into five Equity Shares of Rs 2 each. As on 31 March 2021,the company has seven subsidiaries including one overseas,namely Polichybazaar Insurance Brokers Pvt Ltd,Paisabazaar Marketing and Consulting Pvt Ltd,Icall Support Services Pvt Ltd,PB Marketing and Consulting Pvt Ltd,Docprime Technologies Pvt Ltd,Accurex Marketing and Consulting Pvt Ltd and PB Fintech FZ-LLC. On 28 June 2021,the company has allotted 176735820 bonus equity shares of Rs 2 each to the shareholders in the ratio of 499:1. During the month of November 2021,the company came out with an Rs 5625-crore IPO comprises a fresh issue amounting to Rs 3750 crore and the rest from the mode of offer for sale.The IPO shares were allotted at a price of Rs 980 per share including a premium of Rs 978 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 15 November 2021.

• The Company was incorporated as ETECHACES Marketing and Consulting Private Limited on 04 June 2008. Subsequently, the name of the Company was changed to PB Fintech Private Limited on 18 September 2020. Upon the conversion of the Company to a public limited company pursuant to a resolution passed by the shareholders on 19 June 2021, the name of the Company changed to PB Fintech Limited on 30 June 2021. The company is engaged in providing integrated online marketing and IT consulting and support services largely for the financial services industry including insurance.PB Fintech operates Policybazaar,the India`s largest digital insurance marketplace,and Paisabazaar that provides services related to lending products. Pursuant to the shareholders` resolution dated 24 November 2020, each equity share of the Company of face value of Rs 10 each was split into five Equity Shares of Rs 2 each. As on 31 March 2021,the company has seven subsidiaries including one overseas,namely Polichybazaar Insurance Brokers Pvt Ltd,Paisabazaar Marketing and Consulting Pvt Ltd,Icall Support Services Pvt Ltd,PB Marketing and Consulting Pvt Ltd,Docprime Technologies Pvt Ltd,Accurex Marketing and Consulting Pvt Ltd and PB Fintech FZ-LLC. On 28 June 2021,the company has allotted 176735820 bonus equity shares of Rs 2 each to the shareholders in the ratio of 499:1. During the month of November 2021,the company came out with an Rs 5625-crore IPO comprises a fresh issue amounting to Rs 3750 crore and the rest from the mode of offer for sale.The IPO shares were allotted at a price of Rs 980 per share including a premium of Rs 978 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 15 November 2021.