Urban Company IPO Goes LIVE, Licious Shuts UnCrave & More

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Urban Company’s INR 854 Cr Anchor Boost

Urban Company’s IPO is all set to open today. Ahead of the public issue, the on-demand services unicorn raised INR 854 Cr from 59 anchor investors. So, who all backed the home service marketplace ahead of its public issue?

Breaking Down Anchor Allocation: The company allocated 8.29 Cr equity shares at INR 103 each, the upper end of its price band, to investors like Goldman Sachs, Nippon India, ICICI Prudential, among others. Of this, 3.06 Cr shares were allocated to six domestic mutual funds. 

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Urban Company IPO Goes LIVE, Licious Shuts UnCrave & More


Urban Company’s INR 854 Cr Anchor Boost

Urban Company’s IPO is all set to open today. Ahead of the public issue, the on-demand services unicorn raised INR 854 Cr from 59 anchor investors. So, who all backed the home service marketplace ahead of its public issue?

Breaking Down Anchor Allocation: The company allocated 8.29 Cr equity shares at INR 103 each, the upper end of its price band, to investors like Goldman Sachs, Nippon India, ICICI Prudential, among others. Of this, 3.06 Cr shares were allocated to six domestic mutual funds. 

The…



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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