Accel-backed at-home services platform ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/urban-company” target=”_blank”>Urban Company is preparing to file its draft red herring prospectus ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/drhp” target=”_blank”>DRHP) in the coming days for a Rs 2,000-crore initial public offering (IPO), people aware of the development told ET. The offering will comprise a primary issue of about Rs 500 crore and a secondary share sale of approximately Rs 1,500 crore, they said.
The company has trimmed the overall IPO size from an earlier planned Rs 3,000 crore with investors offloading a lesser stake in the company than originally planned.
ET had first data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/urban-company-secures-shareholder-nod-for-ipo-to-raise-rs-528-crore-in-fresh-capital/articleshow/120153435.cms” data-type=”tilCustomLink” target=”_blank”>reported on April…
