InsuranceDekho targets September DRHP filing for Rs 2,500-3,000 crore IPO
The IPO preparations come as InsuranceDekho continues to work on its merger with insurance distribution platform RenewBuy.
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The IPO preparations come as InsuranceDekho continues to work on its merger with insurance distribution platform RenewBuy.
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
Kissht has cut the fresh issue component from Rs 1,000 crore to Rs 850 crore, while OFS portion has also been reduced from 8.8 million shares to 4.4 million shares.
The stock exchange has been attempting to list since 2016 to provide exit to its investors.
The IPO comprises of fresh issue of shares worth up to Rs 1,500 crore, and an offer for sale (OFS) worth up to Rs 1,500 crore.
Meanwhile, fintech companies, Pine Labs and Groww, have already made their public market debut this year.