Urban Company Files DRHP For INR 1,900 Cr IPO

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SUMMARY

Urban Company’s IPO will comprise a fresh issue of up to INR 429 Cr and an offer for sale of up to INR 1,471 Cr

Accel and Elevation will together sell shares worth INR 779 Cr via the offer-for-sale component in the IPO

It plans to utilise over half of the capital raised via fresh issue to develop its tech offerings

Weeks after getting its board nod to raise INR 528 Cr via its IPO, consumer services unicorn Urban Company has filed its draft red herring prospectus…



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Urban Company Files DRHP For INR 1,900 Cr IPO


SUMMARY

Urban Company’s IPO will comprise a fresh issue of up to INR 429 Cr and an offer for sale of up to INR 1,471 Cr

Accel and Elevation will together sell shares worth INR 779 Cr via the offer-for-sale component in the IPO

It plans to utilise over half of the capital raised via fresh issue to develop its tech offerings

Weeks after getting its board nod to raise INR 528 Cr via its IPO, consumer services unicorn Urban Company has filed its draft red herring prospectus…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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