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The anchor book saw participation from large domestic mutual funds including SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund, among others.
The funding round also saw participation from existing investors Accel, S32 (Section 32), Prosus Ventures, Hitachi Ventures and Wipro Ventures.
The funding round also saw participation from new investors Anant Jain and Sachin Kasera.
The IPO will open on September 24 and close on September 28, while the anchor investor round is scheduled for September 23.
Earlier in May, the venture capital firm sold 6.2 crore shares in a transaction valued at nearly Rs 1,116 crore.
PB Fintech has also authorised a capital infusion of up to Rs 10 crore into PB Wheels Pvt Ltd and Rs 1 crore into PB Financial Account Aggregators Pvt Ltd.
The fresh capital will be used for product development, customer deployments, and expanding its engineering teams across the US, India, and Israel.
The AJVC investment is part of Novastar's broader private-markets strategy that combines fund investments with selective direct bets on private companies.
Earlier this year, other lending companies such as Kissht and Aye Finance also cut their IPO size, as valuation concerns grew.
August was defined by Trump’s crypto push, US regulatory moves, stablecoins and India’s tokenisation ambitions.
The overall value of merchant category-wise purchases via UPI fell to Rs 8.95 lakh crore in August from Rs 9.07 lakh crore in July, even as transaction volumes rose.
The latest transaction comes weeks after NewQuest sold 1.25 crore Shadowfax shares for around Rs 300.6 crore in August at Rs 240.46 per share.
The final close follows the fund’s first close of Rs 550 crore in February.
The funding round also saw participation from Sharad Sanghi, Antler India, Sandeep Singhal and Paula Mariwala.
Innoviti's net loss narrowed by 57% to Rs 26.7 crore in FY26 from Rs 62.1 crore in the previous fiscal.
The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
The service is powered by the Bharat Connect (BBPS) network and provides access to 22,722 billers across 30 categories.
PharmEasy's comeback followed a costly Thyrocare bet, founder's cash-outs, and a founder-investor deal outside the captable.
The round values the digital banking startup at $450 million, marking a steep decline from the $1.5 billion it commanded in 2022.
