InsuranceDekho parent selects banks for possible IPO

Girnar Insurance Brokers (Girnar Insurance), the genitor of Indian security aggregator InsuranceDekho, has selected banks to counsel connected a imaginable archetypal nationalist offering (IPO), Bloomberg reported, citing sources.

The banks chosen are HSBC Holdings, Morgan Stanley, ICICI Securities and IIFL Capital Services.

The sources said the offering, backed by Investcorp and BNP Paribas Cardif, could instrumentality spot this twelvemonth oregon successful aboriginal 2027 and whitethorn question to rise arsenic overmuch arsenic $400m (Rs38.19bn).

According to the sources, the IPO is expected to see a caller contented of shares to bring successful caller capital, alongside a stock merchantability by immoderate existent investors to alteration an exit.

They besides said the size, timing and valuation of the projected listing stay nether treatment and whitethorn alteration depending connected marketplace conditions.

Data compiled by Bloomberg showed that India's IPO marketplace has been comparatively subdued this year, with astir $3.9bn raised successful the archetypal six months, compared to $22bn past year.

The aforesaid information showed that respective ample offerings are being planned, including those by Jio Platforms, the National Stock Exchange of India, SBI Funds Management and Manipal Health Enterprises.

Founded successful 2016, InsuranceDekho runs an online marketplace wherever customers tin comparison and bargain policies.

In November 2025, the Competition Commission of India (CCI) approved the projected merger of Girnar Finserv Private, Girnar Insurance, D2C Consulting Services Private and RB Info Services Private into Artivatic Data Labs Private.

A announcement issued by the CCI stated that Girnar Insurance is controlled by Girnar Software and distributes security products successful India done its platform, InsuranceDekho.

The announcement besides stated that InsuranceDekho holds a composite broking licence from the Insurance Regulatory and Development Authority of India.

According to the aforesaid notice, the projected operation provides for Girnar Finserv, Girnar Insurance, D2C Consulting and RB Info to merge into Artivatic nether the Merger Framework Agreement executed connected 12 May 2025.

"InsuranceDekho genitor selects banks for imaginable IPO" was primitively created and published by Life Insurance International, a GlobalData owned brand.