Policybazaar IPO opens today: Here’s everything you need to know

Policybazaar IPO: The initial public offering (IPO) of PB Fintech, the operator of online insurance aggregator Policybazaar and credit comparison portal Paisabazaar, has opened for subscription on Monday, November 1, 2021, at a price band of Rs 940-980 per share. The offer will be available till Wednesday, November 3, 2021.

Through the offer, PB Fintech aims to raise Rs 5,710 crore. The IPO comprises a fresh issue of equity shares worth Rs 3,750 crore and an offer for sale (OFS) of Rs 1,960 crore by existing shareholders.

As part of the OFS, SVF Python II (Cayman) will sell shares worth Rs 1,875 crore, Yashish Dahiya will offload shares worth Rs 30 crore,