PB Fintech, that operates online insurance platform Policybazaar and credit- comparison portal Paisabazaar, has filed preliminary papers with market regulator SEBI to raise ₹6,017.50 crore through an initial public offering (IPO).
The IPO comprises a fresh issue of ₹3,750 crore worth of equity shares and an offer for sale (OFS) of ₹2,267.50 crore by existing shareholders, according to the draft red herring prospectus (DRHP).
The firm may consider raising about ₹750 crore by way of private placement.
Proceeds of the fresh issue will be used towards enhancing visibility and awareness of the company's brands.
