InvestorQ : Can you tell me about the pricing of the Policybazaar IPO and the Fino Payments Bank IPO?
Moii Chavate made post

Can you tell me about the pricing of the Policybazaar IPO and the Fino Payments Bank IPO?

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Tisha Malhotra answered.
2 months ago
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The IPO of PB Fintech, the owner of Policybazaar brand, will open its IPO on 01-Nov and close on 03-Nov. The price band for the IPO has been fixed in the range of Rs.940-980 per share. At the upper end of the price band, the total issue size will be Rs.5,951 crore. This would comprise of a fresh issue of Rs.3,910 crore and an offer for slae or OFS of Rs.2,041 crore. SVF Python Fund will be the big seller worth Rs.1,875 crore in the OFS portion.

Regarding Fino Payments Bank, the dates were already announced and only the price band was pending. The IPO opens on 29-Oct and closes on 01-Nov. It has been priced in the band of Rs.560-577 and the IPO will comprise of Rs.300 crore fresh issue and Rs.900 crore OFS. Fino PayTech, which currently holds 100% stake in Fino Payments Bank, will see its stake fall to 70% post the offer for sale. It will have an indicative valuation of Rs.4,800 crore on listing.

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