Policybazaar mobilises Rs 2,569.37 crore from anchor investors, IPO opens on November 1

Policybazaar mobilises Rs 2,569.37 crore from anchor investors, IPO opens on November 1

Policybazaar IPO | PB Fintech is planning to garner Rs 5,625 crore through its initial public offering that consists of a fresh issue of Rs 3,750 crore, and an offer for sale of Rs 1,875 crore by investor SVF Python II (Cayman) and other selling shareholders.





October 29, 2021 / 11:44 PM IST





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PB Fintech, the operator of Policybazaar, has mopped up Rs 2,569.37 crore from 155 anchor investors October 29, a day ahead of IPO opening.

The company finalised allocation of 2,62,18,079 equity shares to anchor investors at a price of Rs 980 per share, PB Fintech said in its BSE filing.

Marquee investors participated in the anchor book were New World Fund Inc, American Funds Insurance Series, Blackrock, Baillie Gifford, Pacific Horizon Investment Trust Plc, Canada Pension Plan Investment Board, Fidelity Funds, Abu Dhabi Investment Authority, Goldman Sachs, Aberdeen Global, Nomura, Carmignac Portfolio, Schroder Fund, Baron, and WF Asian Smaller Companies Fund.

Domestic investors also invested in the insurance aggregator and consumer credit company including HDFC MF, ICICI Prudential, SBI MF, Axis MF, Aditya Birla Sun Life Trustee, Kotak Mutual Fund, Nippon Life, UTI MF, Franklin MF, DSP MF, Bajaj Allianz Life Insurance, HDFC Life