Urban Company DRHP: To raise Rs 1,900 Cr via primary issue and OFS

Urban Company has reportedly filed its DRHP (Draft Red Herring Prospectus) to raise ₹1900 crore through a primary issue and an Offer for Sale (OFS). This move signals the online home services platform's intention to go public. The funds raised through the IPO will likely be used for business expansion, technological advancements, and other strategic initiatives. An OFS component means that some existing shareholders will also sell their stake in the IPO. A ₹1900 crore IPO indicates significant investor interest in Urban Company's business model and growth prospects.