Shopper providers unicorn City Firm has set a worth band of INR 98 to INR 103 for its upcoming IPO

On the higher finish of the value band, the corporate can be valued at about INR 14,790 Cr

The corporate’s public difficulty will open on September 10 and shut on September 12. The bidding for anchor buyers will happen on September 9

Shopper providers unicorn City Firm has set a worth band of INR 98 to INR 103 for its upcoming IPO.

On the higher finish of the value band, the corporate can be valued at about INR 14,790 Cr (about $1.6 Bn).

The corporate’s public difficulty will open on September 10 and shut on September 12. The bidding for anchor buyers will happen on September 9. 

City Firm filed its RHP yesterday after it acquired SEBI nod for its IPO. The problem will comprise a recent difficulty of as much as INR 472 Cr and an offer-for-sale (OFS) factor of as much as INR 1,428 Cr.

Accel, Elevation Capital and Tiger International are among the many current buyers who will offload their shares within the public providing. Accel has minimize its share sale by INR 43 Cr to INR 390 Cr, whereas Elevation Capital and Tiger International are offloading shares price INR 346 Cr and INR 303 Cr, respectively. 

(The story shall be up to date quickly)