HomeBusinessPolicyBazaar IPO: PB Fintech raises Rs 2569.37 crores from 155 investors

PolicyBazaar IPO: PB Fintech raises Rs 2569.37 crores from 155 investors

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PB Fintech Limited, a parent company of PolicyBazar and PaisaBazar has raised Rs 2569.37 crore from 155 anchor investors.

In a filing with the exchange, PB Finance said, “It has allotted 26,218,079 equity shares to 155 anchor investors and raised ₹2569.37 crores ahead of the company’s proposed IPO at the upper price band of ₹980 per equity share.”

“The Offer consists equity shares of the face value of ₹2 each of PB Fintech Limited comprising a fresh issue of aggregating up to ₹37,500 million (the “Fresh Issue”) and an offer for sale comprising up to ₹18,750 million by SVF Python II (Cayman) Limited (the “Investor Selling shareholder”) and equity shares by certain persons listed in this Red Herring Prospectus (the “Other Selling Shareholders),” the filing added.

According to the filing, New World Fund Inc received 5.65% shares, while  BlackRock Global Funds World Financial Fund received (2.84%), including Government Pension Fund Global who received (3.04%), Canada Pension Plan Investment Board (3.04%), Fidelity Canada Growth Fund (2.24%), HDFC Mutual Fund — HDFC Banking and Financial Service Fund (1.17%), HDFC Trustee Co Ltd A/C HDFC Fund Hybrid – Equity Plan (1.17%), ICICI Prudential Technology Fund (2.92%), SBI Long Term Equity Fund (2.45%), UTI-Mid Cap Fund (1.02%), Abu Dhabi Investment Authority – Behave (2.04%), Df International Partners II LLC (2.04%), and Goldman Sachs Funds – Goldman Sachs India Equity Portfolio (2.04%) and others respectively.

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Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

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