Policybazaar files papers for ₹6,017.5 -cr. IPO
The Hindu
PB Fintech, that operates online insurance platform Policybazaar and credit- comparison portal Paisabazaar, has filed preliminary papers with market regulator SEBI to raise ₹6,017.50 crore through an
PB Fintech, that operates online insurance platform Policybazaar and credit- comparison portal Paisabazaar, has filed preliminary papers with market regulator SEBI to raise ₹6,017.50 crore through an initial public offering (IPO). The IPO comprises a fresh issue of ₹3,750 crore worth of equity shares and an offer for sale (OFS) of ₹2,267.50 crore by existing shareholders, according to the draft red herring prospectus (DRHP).
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