These 2 IPOs will be launched in the market in the first week of August, may be a good opportunity for investors

This company, which became an insurance broker, will bring an IPO of more than 6000 crores, paper handed over to SEBI

Policybazaar IPO: According to the draft red herring prospectus (DRHP), the IPO will consist of a fresh issue of equity shares worth Rs 3,750 crore, while it includes an offer for sale (OFS) of Rs 2,267.50 crore by existing shareholders.

IPO

PB Fintech, which operates online insurance platform Policybazaar and credit comparison portal Paisabazaar, has filed an application with market regulator SEBI to raise Rs 6,017.5 crore through an initial public offering (IPO). has done. According to the draft red herring prospectus (DRHP), the IPO will consist of a fresh issue of equity shares worth Rs 3,750 crore, while it includes an offer for sale (OFS) of Rs 2,267.50 crore by existing shareholders.

Under the OFS, SVF Python-II (Cayman) will sell shares worth Rs 1,875 crore, Yashish Dahiya will sell shares worth Rs 250 crore and some other shareholders will also offer shares.

These are the managers of the IPO

PB Fintech may consider raising around Rs 750 crore through private placement of equity shares before the IPO. Kotak Mahindra Capital Company, Morgan Stanley India Company, Citigroup Global Markets India, ICICI Securities, HDFC Bank Ltd., IIFL Securities and Jefferies India are the book running lead managers to the issue.

PB Fintech is a leading online platform for insurance and loan products, driven by technology, data and innovation. Policybazaar is an online insurance aggregator. In this, Japanese company Softbank has invested. Here you can also find out which company’s product is cheap and whose expensive.

Insurance broker company

The company has recently obtained broking license and has officially become an insurance broker. Policybazaar also announced its offline expansion as a broker and has set up 15 stores, with plans to expand to 100 locations. The company said, the store will give an opportunity to know the experience for the customers.

Company established in 2008

The company also announced a new group health insurance program for SMEs, MSMEs and large corporates. Established in 2008, the company used to work as an insurance aggregator, recently it became an insurance broker. The company has investors like SoftBank, Info Edge, Temasek, Tencent, Tiger Global.

read this also-

Indian Railways: IRCTC to run Bharat Darshan special train from August 29, know everything about it

PM Modi will launch e-RUPI for digital payment today, know where it can be used

.

Default image
Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Articles: 5408