Policybazaar IPO: Key details to know before you subscribe

PB Fintech IPO will open on November 1 and close on November 3. It comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer for sale (OFS) of over Rs 1,900 crore—largely by SoftBank. The company has set a price band of Rs 940-980 per share for the IPO. PB Fintech, the parent company of online marketplaces Policybazaar and Paisabazaar, will continue to chase growth in the long term over short-term profits as it looks to list on the Indian bourses with an initial public offering (IPO) that values the firm at around $6.15 billion, senior company officials Yashish Dahiya and Alok Bansal said.

via Economictimes

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