Policybazaar IPO gets SEBI nod to raise over ₹6,017 cr

  • PB Fintech Ltd, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, has received capital markets regulator Sebi’s approval to raise ₹6,017.
  • The IPO comprises a fresh issue of ₹3,750 crore worth of equity shares and an offer for sale of ₹2,267.
  • As part of the OFS, SVF Python II will sell shares worth ₹1,875 crore, Yashish Dahiya will sell shares worth ₹250 crore and some other selling shareholders will also offer shares.
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