Policybazaar files DRHP with Sebi, aims to raise over Rs 6,000 cr via IPO

PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, has filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India (Sebi) to raise Rs 6,017.5 crore via an initial public offering (IPO). The IPO will consist of a fresh issue worth Rs 3,750 crore and an offer for sale (OFS) of Rs 2,267.5 crore.

SVF Python II (Cayman) is offloading shares worth Rs 1,875 crore, and other shareholders will sell shares worth Rs 392.50 crore, of which Yashish Dahiya, chairman and CEO of the company, will be selling Rs 250 crore worth of shares.

In its DRHP, the company has said it may consider a further issue of equity shares through private placement up to Rs 750 crore before filing the prospectus with the registrar of companies (RoC).