Shares of PB Fintech opened over 5% higher in Tuesday’s trading but could not hold on to any gains, ending at ₹617 on the NSE, down 0.35% from the last close.
The larger the IPO, the lower the expense ratio, the data showed. Offerings under ₹500 crore incurred average costs of 9.3%, while mega IPOs above
Reliance shares surged over 5% on Monday-the highest single-day gains since June 2024-to a market valuation of ₹18.5 lakh crore, from ₹17.6 lakh crore.
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