InsuranceDekho parent Girnar Insurance picks banks for possible IPO

Corporate Action
โดย Life Insurance International·Read original
Summary · why it matters

Girnar Insurance Brokers, the parent of Indian insurance aggregator InsuranceDekho, has selected HSBC Holdings, Morgan Stanley, ICICI Securities and IIFL Capital Services to advise on a possible initial public offering. The offering, backed by Investcorp and BNP Paribas Cardif, could take place this year or in early 2027 and may seek to raise as much as $400m. The IPO is expected to include a fresh issue of shares alongside a sale by some current investors, though the size, timing and valuation remain under discussion and may change with market conditions. India's IPO market has been relatively subdued this year, with around $3.9bn raised in the first six months compared to $22bn last year, while several large offerings are being planned by companies including Jio Platforms and the National Stock Exchange of India.

Impact on stocks 2

Financials▲ · 2 stocks

Off-coverage companies 8

Girnar Insurance BrokersPrivate▲ Positive
Capitalrelevance

Girnar Insurance Brokers, the parent, is planning an IPO which could raise up to $400m, providing capital and liquidity.

InsuranceDekhoPrivate▲ Positive
Capitalrelevance

InsuranceDekho, as the subsidiary, would benefit from the parent's IPO proceeds and increased visibility.

BNP Paribas CardifPrivate± Mixed
relevance

ICICI SecuritiesPrivate± Mixed
relevance

IIFL Capital ServicesPrivate± Mixed
relevance

InvestcorpPrivate± Mixed
relevance

Jio Platforms LimitedPrivate± Mixed
relevance

National Stock Exchange of India LimitedPrivate± Mixed
relevance

© 2026 MarketDXNews