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Renewbuy plans to launch IPO in next two years: CEO

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Renewbuy plans to launch IPO in next two years: CEO

New Delhi, Nov 21 (PTI) Insurance company RenewBuy is planning to launch its initial public offering (IPO) in the next two years on the back of healthy growth in the business. The company’s Chief Executive Officer (CEO) and co-founder Balachandra Shekhar gave this information.

Balachandra told PTI, “We thought that if we got the capability to scale up and we are able to reach this level, then we will definitely get listed in the market. We are one of the most professionally managed companies in the region.

“We think we are probably a year or two away from the IPO… I’ll talk about that very soon,” he said.

Renewbuy CEO said that it is not just a team of founders and management, but we have built one of the most professionally managed teams with comprehensively high operating standards.

He said that our company is six years old and probably we will do the IPO when we are seven to eight years of doing business.

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