PB Fintech aka Policybazaar raises ₹2569 crore from 155 Anchor Investors

A Haryana primarily based one of many largest largest on-line insurance coverage platform, PB Fintech aka Policybazaar raised ₹2569 crore from anchor buyers on October 29, 2021 Friday earlier than the IPO. The PB Fintech aka Policybazaar IPO to open on November 01, Monday. The corporate allotted complete of 26,218,079 fairness shares to 155 Anchor buyers at a higher worth band ₹980. The anchor buyers checklist consists of 18 Mutual Funds by a complete of 69 schemes. The corporate goes to lift ₹6017 crores through IPO. Try the ultimate checklist of PB Fintech aka Policybazaar Anchor Traders given under:

Listing of PB Fintech aka Policybazaar Anchor Traders:

The IPO Committee of the Board of the Administrators of the Firm vide decision on October 29, 2021, in session with Kotak Mahindra Capital Firm Restricted and Morgan Stanley India Firm Personal Restricted (Joint World Coordinators and E-book Operating Lead Managers for the Provide or “JGC-BRLMs”), and Citigroup World Markets India Personal Restricted, ICICI Securities Restricted, HDFC Financial institution Restricted, IIFL Securities Restricted and Jefferies India Personal Restricted because the e book working lead managers (the “BRLMs” and along with the JGC-BRLMs the “Lead Managers”). has finalized allocation of 26,218,079 Fairness Shares in mixture, to Anchor Traders on the Anchor Investor Allocation Value of ₹980 per Fairness Share (together with share premium of ₹978 per Fairness Share). The small print are given under:

The PB Fintech aka Policybazaar IPO to open on 01 November and closes on 03 November 2021. The value band is mounted at ₹940 to ₹980. PB Fintech aka Policybazaar IPO software minimal bid is for 15 Shares (₹14,700) and most bid is 195 shares (₹191,100). The E-book Operating Lead Managers of the IPO are Kotak Mahindra Capital Firm Restricted, Morgan Stanley India Firm Personal Restricted, Citigroup World Markets India Personal Restricted, ICICI Securities Restricted, HDFC Financial institution Restricted, IIFL Securities Restricted and Jefferies India Personal Restricted.