Policybazaar raises Rs 2,569 cr from anchor investors at Rs 980 per share

33.5% of the total allocation to anchor investors was made to 18 domestic mutual funds through 69 mutual fund schemes

PB Fintech, the parent company of online insurance aggregator Policybazaar, has mopped up Rs 2,569 crore through allocation to anchor investors. The company said in a BSE filing late on Friday that the anchor investor (AIs) portion in the public issue of 26,218,079 equity shares has been subscribed at Rs 980 apiece.

Moreover, 33.5 per cent of the total allocation to anchor investors was made to 18 domestic mutual funds through 69 mutual fund schemes.

PB Fintech has set a price band of Rs 940-950 apiece for its initial public offering (IPO), which will open on November 1 and close on November