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Home services marketplace Urban Company has allocated shares worth Rs 853.87 crore ($97 million) to anchor investors ahead of its Rs 1,900 crore initial public offering (IPO).
The issue comprises a fresh issue of shares worth Rs 429 crore and an offer-for-sale (OFS) of Rs 1,471 crore by existing shareholders.
The board at Urban Company has passed a resolution to offer 8,29,00,485 equity shares at an issue price of Rs 103 (upper band) to its anchor investors, its regulatory filing accessed from stock exchanges show.
Global investors such as Goldman…
