Policybazaar raises ₹2,569.37 crore from 155 Anchor Investors

PB Fintech, the operator of Policybazaar, received Rs 2,569.37 crore from anchor investors on Friday, October 29, 2021, just before the IPO. The Policybazaar initial public offering (IPO) is set to begin on Monday, November 1st. At a price band of 980, the company allocated a total of 2,62,18,079 equity shares to 155 anchor investors. – Mutual Funds through a total of – schemes make up the anchor investor list. The company plans to raise 5709.72 crores through an initial public offering (IPO).