Urban Company hires banks for IPO, likely to file by March-end
1 day, 2 hours ago

Urban Company hires banks for IPO, likely to file by March-end

Live Mint  

Mumbai: Home services platform Urban Company plans to file draft papers for a ₹3,000 crore initial public offering before the end of the March quarter, three people aware of the development said. The Prosus-backed company has already appointed Kotak Mahindra Capital, Goldman Sachs and Morgan Stanley to manage the IPO, the people said. Urban Company's financial performance Urban Company's consolidated revenues grew around 30% year on year in FY24 to reach ₹827 crore, while losses before tax fell from ₹312 crore in FY23 to ₹93 crore in FY24. Last year, India-focused investment firm Dharana Capital had purchased shares worth ₹400 crore, or $50 million, in Urban Company from its employees and other shareholders.

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