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Urban Company Slashes IPO Size to ₹528 Cr, Gets Green Light from Board

OutlookIndia

OutlookIndia · 4m ago

Urban Company Slashes IPO Size to ₹528 Cr, Gets Green Light from Board

Urban Company has received board approval to reduce its IPO size to ₹528 crore from an initially planned ₹3,000 crore. The company plans to file draft papers with SEBI soon. This decision comes after entering the quick commerce sector with Insta Maids, a 15-minute booking service for household help. Urban Company has raised $376 million across 12 funding rounds, with a valuation of $2.5 billion. It also launched products like water purifiers and smart locks.

Related News

Urban Company secures shareholder nod for IPO, to raise Rs 528 crore in fresh capital

Economic Times

Economic Times · 4m ago

Urban Company secures shareholder nod for IPO, to raise Rs 528 crore in fresh capital

Urban Company has received shareholder approval for an IPO to raise Rs 528 crore in fresh capital. Initially targeting a Rs 3,000 crore IPO, the company adjusted its plans due to market conditions. The IPO will include both primary capital raise and an offer-for-sale from investors. Urban Company has appointed Kotak Mahindra, Goldman Sachs, and Morgan Stanley as bankers. The company narrowed its net loss in fiscal 2024 and reported a pre-tax profit in early 2025.

Warburg, Kedaara-backed Avanse Financial gets SEBI approval for IPO

VCCircle

VCCircle · 10m ago

Warburg, Kedaara-backed Avanse Financial gets SEBI approval for IPO

Avanse Financial Services, an education loan provider backed by private equity firms Warburg Pincus and Kedaara Capital, has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The company aims to raise Rs 1,000 crore through a fresh issue of shares, along with an offer for sale of Rs 2,500 crore. The proposed IPO would value Avanse at at least $1.2 billion. NTPC Green Energy, a subsidiary of state-run power producer NTPC Ltd, also received SEBI approval for its planned Rs 10,000 crore IPO.

ixigo Refiles DRHP For IPO, Slashes Fresh Issue Size To INR 120 Cr

Inc42 · 1y ago

ixigo Refiles DRHP For IPO, Slashes Fresh Issue Size To INR 120 Cr

Online travel aggregator ixigo has refiled its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The IPO will consist of a fresh issue of INR 120 crore and an offer for sale (OFS) component of 6.66 crore equity shares. The funds raised will be used for working capital requirements, tech stack enhancement, and inorganic growth through acquisitions. The company had previously shelved its IPO plans due to unfavorable market conditions.

ArisInfra Gets SEBI Nod For INR 580 Cr IPO

Inc42 · 9m ago

ArisInfra Gets SEBI Nod For INR 580 Cr IPO

SEBI issued an observation letter to ArisInfra regarding its IPO, cutting the size of the fresh issue to INR 579.60 Cr. ArisInfra is also considering a pre-IPO placement of up to INR 115.92 Cr before filing the Red Herring Prospectus (RHP).

Breaking: Ola Electric Gets SEBI Approval For INR 5,500+ Cr IPO

Inc42 · 1y ago

Breaking: Ola Electric Gets SEBI Approval For INR 5,500+ Cr IPO

Ola Electric, led by Bhavish Aggarwal, has received approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering (IPO). The IPO will include a fresh issue of INR 5,500 crore and an offer for sale (OFS) component of up to 9.51 crore shares. The company filed its draft red herring prospectus in December 2021 and is aiming for a listing on the stock exchanges within a month.

Brookfield-backed Leela hotels owner Schloss slashes IPO size by 30%

VCCircle

VCCircle · 3m ago

Brookfield-backed Leela hotels owner Schloss slashes IPO size by 30%

Schloss Bangalore, the owner of India's Leela hotels and backed by Brookfield, reduced its IPO size by 30% to 35 billion rupees ($409 million), as detailed in its prospectus. Initially, the company aimed for a 50 billion-rupee offering. The IPO is scheduled for May 26-28, with large "anchor" investors invited to bid on May 23.

SBI Mutual Fund, Permira, Other Investors Eye ₹450 Cr Slice of Urban Company Before IPO – Outlook Business

OutlookIndia

OutlookIndia · 19d ago

SBI Mutual Fund, Permira, Other Investors Eye ₹450 Cr Slice of Urban Company Before IPO – Outlook Business

SBI Mutual Fund, Permira, and other investors are in advanced talks to acquire ₹450 crore worth of Urban Company shares through secondary transactions from early investors like Accel, Bessemer Venture Partners, Tiger Global, and Elevation Capital. These stake sales are expected to occur soon ahead of Urban Company’s IPO. Urban Company, which reported a ₹239.8 crore profit in FY25, plans to raise ₹1,900 crore through its IPO for various business enhancements.

Aye finance gets board approval for ₹1,450 cr IPO

Inshorts · 8m ago

Aye finance gets board approval for ₹1,450 cr IPO

Non-banking financial company (NBFC) Aye Finance has set the ball rolling for its public listing. The company's board, in an extraordinary general meeting (EGM) held on Wednesday (December 11), reportedly gave its nod for raising up to ₹1,450 crore through an initial public offering (IPO).

Swiggy IPO: Foodtech Major Gets Shareholders’ Nod To Up Fresh Issue Size To INR 5,000 Cr

Inc42 · 11m ago

Swiggy IPO: Foodtech Major Gets Shareholders’ Nod To Up Fresh Issue Size To INR 5,000 Cr

- Shareholders approved an increase in the fresh issue size of Swiggy from INR 3,750 Cr to INR 5,000 Cr. - Swiggy aims to raise $1.4 Bn through its IPO, up from the initial plan of $1.25 Bn. - The projected valuation for Swiggy's IPO is approximately $15 Bn. - The IPO will involve an offer for sale component of 18.53 Cr shares in addition to the fresh issue. - The approval from shareholders paves the way for Swiggy to secure more funds and strengthen its position in the foodtech industry.

PE-backed Continuum Green Energy gets SEBI nod for IPO

VCCircle

VCCircle · 4m ago

PE-backed Continuum Green Energy gets SEBI nod for IPO

The Securities and Exchange Board of India has approved the IPO proposal of Continuum Green Energy Ltd, a renewable energy firm backed by Morgan Stanley Infrastructure Partners. The IPO, worth Rs 3,650 crore, includes a fresh issue of Rs 1,250 crore and an offer for sale by its Singapore-based holding firm. Founded in 2009, Continuum's portfolio includes about 4.7 GWp of renewable projects. Funds will be used for debt repayment.

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