A total of 26.2 million shares have been allocated to over 150 funds 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
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With Sensex and Nifty below near-term support levels, what's the road ahead for markets? Will this weakness shift focus to primary markets, where Nykaa and Policybazaar are ready with their IPOs?
The company is looking to raise Rs 5,700 crore at a Rs 44,000-crore valuation
The Japanese venture fund currently has a 13 per cent stake in the IPO-bound company
The IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders
As per the draft papers, the firm may consider raising around Rs 750 crore by way of a private placement of equity shares ahead of the IPO
Of the total fundraising, a large chunk would be garnered by technology-driven companies
The IPO comprises a fresh issue of Rs 3,750 crore worth of equity shares and an offer for sale (OFS) of Rs 2,267.50 crore by existing shareholders
Of this, Rs 3,750 crore will be fresh issue portion and OFS of Rs 2,267.5 crore
Policybazaar was founded in 2008 to tap the large population of under-insured in a country of 1.3 billion people
Views follow a stellar response to India's first unicorn IPO by food delivery company Zomato, which was subscribed nearly 40 times
The Softbank-backed insurance aggregator is also likely to consider offer for sale from some of its investors
In a Q&A Sarbvir Singh dwells on the current trends in the insurance space and how his firm's business model will change now that it has got a broking licence
The brand will eventually expand to 100 locations
During devastating second wave in April and May, the numbers of people aged between 25 and 35 buying term insurance was 30% higher than in previous 3 months combined, said PolicyBazaar
True North disclosed neither the quantum of stake sold nor the value
This indicates a sharp increase in awareness and demand for high cover protection policies
Business Standard breaks down key listing requirements in India, in the US and the possibility in a few other scenarios