<p>SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to Rs 6,018 crore ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months.</p>.<p>Indian food-delivery firm Zomato had a stellar public debut last month, while fintech firm Paytm has filed for a listing as markets hover at record highs and cash-laden investors hunt for firms likely to benefit in the post-pandemic world.</p>.<p>PB Fintech Ltd, Policybazaar's parent, will issue new shares worth Rs 3,750 crore and existing investors will offload shares worth Rs 2,268 crore in the offering, a draft prospectus showed on Monday.</p>.<p>SoftBank unit SVF Python II (Cayman) Ltd is selling Rs 1,875 crore of shares.</p>.<p>Launched in 2008, Policybazaar is an online platform for customers and insurer partners to buy and sell products.</p>.<p>The company said it would use the proceeds of the IPO to build its brand, develop an offline presence, and make investments and acquisitions.</p>.<p>Policybazaar is also targeting a pre-IPO issue of shares worth Rs 750 crore, and will cut the size of the offering's fresh issue component if the placement is completed.</p>.<p>Kotak Mahindra Capital, Morgan Stanley, Citigroup Global Markets India, ICICI Securities, HDFC Bank, IIFL Securities and Jefferies India are the book running lead managers for the IPO.</p>
<p>SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to Rs 6,018 crore ($809.36 million), joining a string of Indian startups that have tapped capital markets in recent months.</p>.<p>Indian food-delivery firm Zomato had a stellar public debut last month, while fintech firm Paytm has filed for a listing as markets hover at record highs and cash-laden investors hunt for firms likely to benefit in the post-pandemic world.</p>.<p>PB Fintech Ltd, Policybazaar's parent, will issue new shares worth Rs 3,750 crore and existing investors will offload shares worth Rs 2,268 crore in the offering, a draft prospectus showed on Monday.</p>.<p>SoftBank unit SVF Python II (Cayman) Ltd is selling Rs 1,875 crore of shares.</p>.<p>Launched in 2008, Policybazaar is an online platform for customers and insurer partners to buy and sell products.</p>.<p>The company said it would use the proceeds of the IPO to build its brand, develop an offline presence, and make investments and acquisitions.</p>.<p>Policybazaar is also targeting a pre-IPO issue of shares worth Rs 750 crore, and will cut the size of the offering's fresh issue component if the placement is completed.</p>.<p>Kotak Mahindra Capital, Morgan Stanley, Citigroup Global Markets India, ICICI Securities, HDFC Bank, IIFL Securities and Jefferies India are the book running lead managers for the IPO.</p>