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Urban Company Early Backers Set for Big IPO Gains
Financial Express Kochi
|April 30, 2025
Headed for Dalal Street
PROFESSIONAL SERVICES PLATFORM Urban Company's long-awaited initial public offering (IPO) will see five of its early backers partially exit their holdings, eyeing a combined payout of up to ₹1,471 crore, according to the company's draft red herring prospectus (DRHP) filed on Monday. While the company plans to issue fresh shares worth ₹429 crore, the offer-for-sale (OFS) component will dominate the total ₹1,900 crore offering.
The selling shareholders include Accel, Elevation Capital, Bessemer India, Tiger Global (through Internet Fund V), and VYC11.
Diese Geschichte stammt aus der April 30, 2025-Ausgabe von Financial Express Kochi.
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