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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Brand visibility enhancement for Policybazaar and Paisabazaar
A large share of the fresh issue proceeds will fund marketing and brand-building activity for the group's two platforms.
Expanding the consumer base including offline presence
Proceeds will help the company reach new customers, including through an expanded offline presence alongside its online channels.
Strategic investments and acquisitions
A portion of the proceeds is set aside to fund potential strategic investments and acquisitions.
International expansion
Proceeds will support the company's expansion into markets outside India.
General corporate purposes
The remaining fresh issue proceeds are earmarked for general corporate purposes.
No documents added yet.
(₹ in Crore)
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PB Fintech Limited is the parent company of Policybazaar and Paisabazaar, two of India's largest online platforms for insurance and lending products. Policybazaar was launched in 2008 to bring more transparency and choice to insurance buying, while Paisabazaar was launched in 2014 to help consumers access personal credit products online. By Fiscal 2020, Policybazaar had built a dominant position in digital insurance distribution in India, and the company's platforms serve as a consumer-facing marketplace connecting buyers with insurance and lending partners rather than manufacturing these financial products itself. The company is headquartered in Gurugram, Haryana, and was converted into a public limited company in 2021 ahead of its listing. Unlike a typical Indian mainboard issuer, PB Fintech has no single identifiable promoter group; it is founder-led and was backed by private equity and venture investors prior to listing, a structure comparable to other new-age internet companies that listed around the same period.
Promoter Name is not available
Ahead of the issue opening, the company raised about Rs 2,569 crore from 155 anchor investors at the allocation price of Rs 980 per share, including global institutions such as New World Fund, BlackRock, Baillie Gifford, the Abu Dhabi Investment Authority, Goldman Sachs and Nomura, alongside domestic investors including HDFC Mutual Fund, ICICI Prudential and SBI Mutual Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 AM
Category-leading online insurance marketplace
Policybazaar holds a dominant share of India's digital insurance distribution, giving the group significant scale and brand recognition in a fast-growing online financial services market.
Diversified platform across insurance and lending
The Paisabazaar platform extends the group's reach into online credit products, reducing reliance on a single product category.
History of losses
The company has posted net losses in every fiscal year shown in its financials, and profitability is not yet established at the group level.
Earnings-based valuation not meaningful
Because of ongoing losses, standard price-to-earnings valuation measures could not be meaningfully calculated at the time of the issue.
MUFG Intime India Private Limited
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