Urban Company Likely To File Draft Papers For INR 3K Cr IPO By March End

Urban Company Likely To File Draft Papers For INR 3K Cr IPO By March End

SUMMARY

The company will reportedly issue both new and existing shares in its IPO

To oversee the IPO process, the company has appointed Kotak Mahindra Capital, Goldman Sachs and Morgan Stanley

Ahead of its IPO, its investor Prosus is also planning to double down on its investment in the company reported in October last year

Hyperlocal services startup Urban Company is reportedly looking to file draft papers for its INR 3,000 Cr initial public offering (IPO) before the end of March.

The company will issue both new and existing shares in its IPO, as per a Mint report, citing sources. However, it added that the company will largely raise primary capital. 

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