NEW DELHI: Urban Company has filed draft papers with the Securities and Exchange Board of India (Sebi) for an initial public offering ( IPO ) to raise Rs 1,900 crore. According to its Draft Red Herring Prospectus (DRHP), the IPO will comprise a fresh issue of shares worth Rs 429 crore and an offer for sale (OFS) of shares worth Rs 1,471 crore by existing investors.
Key OFS participants include Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd.
The company plans to utilise the proceeds to fund technological upgrades and cloud infrastructure (Rs 190 crore), lease payments for new office spaces (Rs 70 crore), marketing initiatives (Rs 80 crore), and for general corporate purposes.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities, and JM Financial are acting as the book-running lead managers for the IPO.
Urban Company operates a technology-driven online marketplace offering home and beauty services . As of December 31, 2024, it had a presence in 59 cities across India, the United Arab Emirates, Singapore, and Saudi Arabia, including 48 locations within India.
The platform enables consumers to book a wide range of services such as cleaning, pest control, electrical and plumbing work, carpentry, appliance servicing and repair, painting, skincare, hair grooming, and massage therapy, with services delivered by independent professionals.
Key OFS participants include Accel India, Elevation Capital, Bessemer India Capital Holdings II Ltd, Internet Fund V Pte. Ltd, and VYC11 Ltd.
The company plans to utilise the proceeds to fund technological upgrades and cloud infrastructure (Rs 190 crore), lease payments for new office spaces (Rs 70 crore), marketing initiatives (Rs 80 crore), and for general corporate purposes.
Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities, and JM Financial are acting as the book-running lead managers for the IPO.
Urban Company operates a technology-driven online marketplace offering home and beauty services . As of December 31, 2024, it had a presence in 59 cities across India, the United Arab Emirates, Singapore, and Saudi Arabia, including 48 locations within India.
The platform enables consumers to book a wide range of services such as cleaning, pest control, electrical and plumbing work, carpentry, appliance servicing and repair, painting, skincare, hair grooming, and massage therapy, with services delivered by independent professionals.
You may also like
'We are Muslims, we say Allahu Akbar even in storms': Father of zipline operator on viral Pahalgam attack video
Razor that 'glides like butter' named 'best' by shoppers and is now less than £6
India, US looking for 'early mutual wins' before concluding first phase of trade pact
Putin's Kremlin mouthpiece mocks Donald Trump and insists 'the war will go on and on'
On Pahalgam attack, SP leaders sound like Pak spokesmen: CM Yogi
