Business Companies 28 Oct 2021 Policy Bazaar’ ...

Policy Bazaar’s Rs. 5,625 crore IPO on Nov. 1

DECCAN CHRONICLE. | RAVI RANJAN PRASAD
Published Oct 28, 2021, 8:11 am IST
Updated Oct 28, 2021, 8:12 am IST
The PB Infotech offer consists of a fresh issue of shares worth Rs 3,750 crore
PB Fintech, owners of Policy Bazaar and Paisa Bazaar, announced a Rs 5,625-crore initial public offering. (Photo: PTI)
 PB Fintech, owners of Policy Bazaar and Paisa Bazaar, announced a Rs 5,625-crore initial public offering. (Photo: PTI)

Mumbai: Online business platforms are hitting primary equity market this week with big fundraising plans.

After Nykaa promoter FSN E-Commerce Venture's Rs 5,351 crore IPO, PB Fintech, owners of Policy Bazaar and Paisa Bazaar, announced a Rs 5,625-crore initial public offering in the price band of Rs 940 to Rs 980 per equity share of Rs 2 face value. The IPO  opens for bidding on Nov. 1 and closes on Nov. 3.

 

The PB Infotech offer consists of a fresh issue of shares worth Rs 3,750 crore and an offer for sale worth Rs 1,875 crore by SVF Python II (Cayman) and certain persons.

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