Monday, December 23, 2024 | 05:04 AM ISTEN Hindi

Home / Markets / IPO / Policybazaar files DRHP with Sebi, aims to raise over Rs 6,000 cr via IPO

Policybazaar files DRHP with Sebi, aims to raise over Rs 6,000 cr via IPO

Of this, Rs 3,750 crore will be fresh issue portion and OFS of Rs 2,267.5 crore

Premium

The company earned an income of Rs 957.41 crore in FY21, up 11.9 per cent from FY20 and 81 per cent from FY19

Subrata Panda Mumbai

4 min read Last Updated : Aug 03 2021 | 1:32 AM IST

PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, has filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (Sebi) to raise Rs 6,017.5 crore via an initial public offering (IPO). The IPO will consist of a fresh issue worth Rs 3,750 crore and an offer for sale (OFS) of Rs 2,267.5 crore.

SVF Python II (Cayman) is offloading shares worth Rs 1,875 crore, and other shareholders will sell shares worth Rs 392.50 crore, of which Yashish Dahiya, chairman and CEO of the company, will be selling Rs 250 crore worth of shares.

In its

Topics : SEBI Policybazaar IPOs Securities and Exchange Board of India initial public offerings SoftBank

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in