Accel-backed at-home services provider Urban Company has secured approval from its shareholders to go ahead with an initial public offering (IPO), through which it will raise up to Rs 528 crore in primary capital, according to regulatory filings with the Registrar of Companies.
According to people in the know, the company has readjusted its IPO size, which was initially around Rs 3,000 crore, with a large portion expected to be a primary raise.
“There is some readjustment to reflect the current realities of the markets,” a person briefed on the…