Ullu Digital Files Draft Papers For INR 135-150 Cr IPO

Ullu Digital Files Draft Papers For INR 135-150 Cr IPO

SUMMARY

As per the draft papers, the company’s IPO comprises fresh issue of 62.63 Lakh shares and do not have an offer for sale (OFS) component

Reportedly, Ullu Digital is looking to raise INR 135 Cr-INR 150 Cr via the IPO

Ullu Digital plans to use the net proceeds raised via the IPO to meet the expenses for production of new content, purchase of international shows, tech investment, and to meet the working capital requirements, among others

OTT streaming platform Ullu Digital has filed its draft red herring prospectus (DRHP) with the  BSE SME for an initial public offering (IPO).

As per the draft papers, the company’s IPO comprises a fresh issue of 62.63 Lakh shares but has no offer for sale (OFS) component.

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