Urban Company set to file DRHP for Rs 2,000-crore IPO

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Accel-backed at-home services platform Urban Company is preparing to file its draft red herring prospectus (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 reported on April…



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Urban Company set to file DRHP for Rs 2,000-crore IPO


Accel-backed at-home services platform Urban Company is preparing to file its draft red herring prospectus (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 reported on April…



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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