Policybazaar IPO aims to raise Rs 6,500 crore likely to file DRHP in a week | Editorji
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Policybazaar IPO aims to raise Rs 6,500 crore likely to file DRHP in a week

Jul 21, 2021 08:03 IST | By Editorji News Desk

The IPO deluge continues, Policybazaar's parent firm PB Fintech is reportedly aiming to raise Rs 6,500 crore via its upcoming IPO.

ALSO WATCH: Glenmark Life Sciences files RHP; could raise Rs 1,600 cr via IPO

The IPO could value the country's largest insurance aggregator at $4-5 billion. Policybazaar may file its draft prospectus in the next one week and is expected to be listed by November or December.

Notably, the company’s list of investors includes Japan’s SoftBank, private equity firm True North, Premji Invest, Tiger Global Management and Temasek.

ALSO WATCH: Swiggy delivers hot $1.25 billion fund raising from investors

Policybazaar reported a net loss of Rs 218 crore in FY20 and Rs 213 crore in the previous financial year.

Policybazaar IPO aims to raise Rs 6,500 crore likely to file DRHP in a week

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