India's PolicyBazaar files DRHP to raise $813m via IPO route

PolicyBazaar CEO Yashish Dahiya. Photo: Livemint

PB Fintech Ltd, parent of online insurance platform Policybazaar, has filed a draft red herring prospectus with the Securities Exchange Board of India (Sebi) to raise Rs6,017.50 crore via an initial public offering (IPO).

The IPO comprises a fresh issue of Rs3, 750 crore worth of equity shares and an offer for sale of Rs2,267.50 crore by existing shareholders and promoters.

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