The Urban Company, which offered mobile app -based beauty and home care services, will increase the sale of new shares by Rs 29.129 billion, while existing investors plan to fload the LOAD stock of Rs 14.71 billion.
Services Neline Services plans to use more than half of funds raised from new stocks to develop agrigator tech ings furings, and the rest for most of the Office Fissure Lease and Marketing.
The urban company operates in 59 cities of India, UAE and Saudi Arabia.
Basemer Venture Partners also joined the Pay FIRM, startups list of startups that have already filed to disclose or to disclose the Physics Wall, PhoneP and Flipkart.
The Gurugram -based urban company became profitable in the previous financial year, reporting a pre -tax profit of Rs 271.4 million in nine months in nine months, compared to a loss of Rs 577.7 million a year ago.
Tax credit helped the company report an overall profit of Rs 2.43 billion for that period.
Domestic private equity Axel India and Elevation Capital, the initial supporters of the urban company and the top shareholders with 10.5% and 10.8% respectively, will sell shares of Rs 7.79 billion collectively.
Kotak Mahindra Capital, Morgan Stanley, Goldum Sachs SS and JM Financials are the main banks to issue primary shares of Urban Company.
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