The firm registered revenue of Rs 109.43 crore in FY24, compared to Rs 92.97 crore in FY23
Read MoreThe IPO discussions follow a recent Series E funding round, where Shadowfax raised USD 50 million at a Rs 3,000 crore valuation
Read MoreThe recent funding round values Oravel Stays at USD 2.4 billion, matching the valuation from the first Series G tranche issued to InCred in July
Read MoreBoth institutional investors and retail investors showed keen interest, subscribing 5.31 times and 3.92 times their respective allotments on 6 August
Read MoreThe IPO opened on 6 August and closed on 8 August. The allotment is scheduled on 9 August. Subsequently, the IPO will list on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on 13 August
Read MoreKotak Mahindra Capital Company, Citigroup Global Markets India, BofA Securities India, Goldman Sachs (India) Securities, Axis Capital, ICICI Securities, SBI Capital Markets, and BOB Capital Markets are the book running lead managers and Link Intime India is the registrar to the offer
Read MoreThe IPO proceeds will be used for setting up new modern stores, sales and marketing incentives, investing in its subsidiary Digital Age, and more. Funds will also go towards paying leases for existing stores, setting up warehouses, and expanding to Saudi Arabia
Read MoreThe IPO is expected to value the company between USD 3 billion and USD 3.5 billion
Read MoreAs the situation develops, no official statements have been issued by Amazon or Swiggy regarding the potential deal
Read MoreOla Electric's last funding round in September, led by Singapore's investment firm Temasek, valued the company at USD 5.4 billion
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