Policybazaar IPO aims to raise Rs 6,500 crore likely to file DRHP in a week

The IPO deluge continues, Policybazaar's parent firm PB Fintech is reportedly aiming to raise Rs 6,500 crore via its upcoming IPO.

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The IPO could value the country's largest insurance aggregator at $4-5 billion. Policybazaar may file its draft prospectus in the next one week and is expected to be listed by November or December.

Notably, the company’s list of investors includes Japan’s SoftBank, private equity firm True North, Premji Invest, Tiger Global Management and Temasek.

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Policybazaar reported a net loss of Rs 218 crore in FY20 and Rs 213 crore in the previous financial year.