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Beauty and home care service provider, Urban Company is set to launch an IPO soon. The Gurugram-based startup has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise Rs 1,900 crore from the stock market. It has reduced the total size of its IPO from the previously planned Rs 3,000 crore.

As per the DRHP details of the Urban Company, it has intended to raise Rs 429 crore by issuing fresh shares while existing investors intend to offload stakes worth Rs 1,471 crore through an offer for sale (OFS).

From the raised money, Urban Company (previously known as UrbanClap Technologies) will be allocating Rs 190 crore for the development of new technology and cloud infrastructure--the amount to be deployed in three tranches: Rs 42 crore in FY2026, Rs 74 crore in FY2027, and Rs 74 crore in FY2028.

Further, the service platform has earmarked Rs 70 crore towards lease payments for office spaces, Rs 80 crore for marketing initiatives, and the remaining funds for general corporate purposes.

Kotak Mahindra Capital Company, Morgan Stanley India Company, Goldman Sachs (India) Securities, and JM Financial are the book-running lead managers.Notably, founders Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra, will not be selling any shares in the IPO.

Urban Company files DRHP for Rs 1,900 crore IPO, earmarks Rs 80 crore for marketing biz

Entrepreneur and Shark Tank India judge Aman Gupta's company boAt has filed a Draft Red Herring Prospectus (DRHP) through a confidential pre-filing route, PTI news agency reported.

Imagine Marketing, the parent company of boAt, filed the DRHP with the market regulator Securities and Exchange Board of India (Sebi) on Monday.

The confidential pre-filing route allows the IPO-bound company to withhold public disclosure of details under the DRHP until later stages.

However, Imagine Marketing clarified that DRHP does not guarantee the company will go ahead with the IPO.

This marks boAt's second attempt to go public. Previously, the boAt's planned IPO in 2022 but later withdrew due to unfavourable market conditions. It then raised $60 million in private funding.

Sebi introduced a confidential filing route in 2022 for companies to file the DRHP papers confidentially.

This allows companies to shield sensitive business information from competitors, premature public scrutiny, and potential legal troubles.

Recently, Tata Capital and edtech unicorn PhysicsWallah also opted for the confidential filing route.

In 2024, food delivery giant Swiggy and retail store Vishal Mega Mart also floated their IPOs via a similar route.

Notably, Tata Play was the first company in the country to utilize this option for an IPO in December 2022.

The route allows flexibility to the IPO-bound firm to adjust the primary issue size by up to 50%. It also reduces pressure on companies to go public. In the traditional route of DRHP filing, IPOs must be launched within 12 months of Sebi's approval, while in the pre-filing route, companies can float an IPO within 18 months from Sebi's final comment.

boAt, founded in 2013, has become one of the leading domestic brands in India's wearable electronic device market, holding 26.7 percent market share as of the 2nd quarter of 2024.

In FY 2024, the company's losses halved to Rs 70.8 crore and its revenue declined by 5 percent to Rs 3,285 crore.

boAt's parent Imagine Marketing files DRHP via confidential pre-filing route: Report

Hospitality chain Oyo Hotels is reportedly accelerating its IPO as the debt repayment deadline approaches. 

According to a report by the Bloomberg news agency, creditors have insisted that founder Ritesh Agarwal pay off the dues of $383 million he borrowed if the start-up does not have an IPO by October.

In case the company is planning to make a debut in the Indian stock exchanges, then creditors may allow a delay in the repayment until 2027, the news agency reported.

<a href="https://www.storyboard18.com/brand-marketing/oyos-european-holiday-homes-brand-dancenter-makes-india-debut-57184.htm">OYO's European holiday homes brand DanCenter makes India debut</a>

The 31-year-old entrepreneur borrowed $2.2 billion in 2019, achieving a guarantee from SoftBank Group's Chairman Masayoshi Son to increase his stake in Oyo and gain strategic control over the company. The loan amount was restructured in 2022, and Agarwal has yet to pay it back.

SoftBank has a 40 percent stake in Oyo Hotels while Agarwal owns 30 percent stakes.

Oyo has aimed to become a publicly listed company several times, but external circumstances hammered all its plans. Now, the hospitality startup is in discussion with bankers for an IPO with a valuation of $5 billion.

<a href="https://www.storyboard18.com/brand-marketing/oyo-alters-check-in-policy-unmarried-couples-no-longer-allowed-52349.htm">OYO alters check-in policy, unmarried couples no longer allowed</a>

Agarwal founded Oyo in 2013. Thereafter, he won the backing of SoftBank's Son. However, during the Covid-19 pandemic, the company suffered massive setbacks. The company gradually recovered from its losses. It eked out a small profit for the fiscal year through March 2024 as sales recovered. 

In January 2025, Oyo raised $65 million from Redsprig Innovation Partners, Agarwal's Singapore-based investment firm. In 2024, he led $175 million through his Singapore-based fund, Patient Capital.

Oyo accelerates IPO plans as debt repayment deadline nears: Report

BigBasket CEO Hari Menon said they are targeting to list the company on the Indian stock exchanges in the next two years. During an event on CNBC-TV18, the CEO said that the grocery-delivery arm of Tata Sons is on a strong growth trajectory, aiming to double its business between March 2025 and 2026.

Further, he dismissed the report that Tata Sons is disappointed over the grocery-delivering arm's quick commerce performance. According to the CNBC-TV18 report, Menon clarified that there is no urgency to expand quickly in quick commerce until there is a strong product-market fit.

"I sat on the sidelines for almost a year to see if quick commerce would work, but I was almost in a statement of denial. There are still concerns over the model making money but quick commerce will evolve in the next five years and everyone will have a space," he said.

BigBasket is currently generating Rs 1,200 crore monthly in terms of runrate. The average order value, comprising slotted delivery and quick commerce stands at Rs 850 with  BBNow accounting for 80 percent of the business. 

BigBasket is rapidly expanding its business by entering four new categories: Medicines, luxury fashion, food, and electronics. Next week, it will be entering the 10-minute food delivery segment in partnership with Tata Starbucks. BigBasket will also be launching Qmin on the app, featuring food products from Taj.

Additionally, it will also be launching prescription and OTC medicine delivery in partnership with Tata 1mg from May 1.

Recently, Bigbasket partnered with Croma and started delivering electronics products in 10 minutes in three cities. It also piloted luxury and fashion deliveries in partnership with Tata Cliq in Bengaluru. 

BigBasket aims for IPO in 2 years, targets business doubling by 2026: Report

India's tea chain, Chai Point, plans to debut in the Indian stock market next year. According to a PTI report, Chai Point co-founder Tarun Khanna said, "We are working towards getting listed and we are aiming to get listed by May 2026". Chai Point opened its first outlet in Koramangala in Bengaluru in 2010. Today, the firm sells over 9,00,000 cups of brewed tea, along with a range of snacks like sandwiches, pakoras, etc. Khanna told the news agency that Chai Point is expanding its stores rapidly. He said they are building 10 stores a month and deploying 500 bots. He envisaged building 20 stores a month and 750 bots per month within a year. 

On the company's financials, Khanna said, "We are already EBITDA positive and we intend to stay that way going forward. We are looking to be PBT (Profit Before Tax) cash flow positive in the next 4-5 months".

On Maha Kumbh sales, Khanna said that Chai Point sold almost one lakh cups of tea in a day in the Maha Kumbh. "A little over 1 lakh cups of tea were sold every day at Kumbh in the prime days". The company is looking at a primary plus secondary capital round in this fiscal year, Khanna said. 

The Bengaluru-based company's revenue from operation stood at Rs 200 crore in fiscal year 2023, up 88.7 percent. The company's revenue from operation was Rs 106 crore in FY 22. Chai Point reduced its losses by 16.67 percent to Rs 70 crore in FY23 compared to Rs 84 crore in FY22.

Chai Point's rival Chaayos, registered a revenue of Rs 237 crore in FY 23 while its losses stood at Rs 95 crore.

Chai Point likely to debut in stock market, aims for IPO in 2026

Electronics brand boAt is reportedly planning for another attempt to go public as per the media report. Entrepreneur Aman Gupta-led company is planning to raise Rs 2,000 crore via Initial Public Offering (IPO) route in fiscal year 2026, CNBC-TV18 reported.

Citing sources, the news channel said the company will file a confidential draft red herring prospectus (DRHP).

The Securities and Exchange Board of India (Sebi) introduced a confidential filing route in 2022 for companies to file the DRHP papers confidentially. This allows companies to shield sensitive business information from competitors, premature public scrutiny, and potential legal troubles.

boAt, founded in 2013, has become one of the leading domestic brands in India's wearable electronic device market, holding 26.7 percent market share as of the 2nd quarter of 2024.


In FY 2024, the company's losses halved to Rs 70.8 crore and its revenue declined by 5 percent to Rs 3,285 crore. 

Previously, the boAt's planned IPO in 2022 but later withdrew due to unfavourable market conditions. It then raised  $60 million in private funding. According to Tracxn data, boAt has raised a total funding of $171 million over nine rounds. The company is backed by 12 investors which includes, Warbug Pincus, Qualcomm Ventures, Fireside Ventures, Malabar Investments, etc.

Its valuation was $1.32 billion as of 2 December 2022.

boAt plans to go public again, aims to raise Rs 2,000 crore via IPO in FY26: Report

Hyundai Motor India has continued to witness growth in the SUV market, COO and Whole-Time Director Tarun Garg said in an interview with Storyboard18's sister publication CNBCTV18.com. Garg said that sports utility vehicles (SUVs) make up 70 percent of their sales.

The maker of Venue, Alacazar, and Creta among others, HMI has maintained its SUV market share at a steady 18 percent (approx), showing no sign of decline, Garg added.

Hyundai's SUVs accounted for 67 percent of the company's sales from January to September 2024. Garg said that in September alone, the figure rose to 70 percent. The automaker's rural penetration matches the 67 percent-mark, the COO told CNBC TV8.

	
<a href="https://www.storyboard18.com/advertising/hyundai-motor-india-increases-ad-budget-as-ipo-nears-eyes-trusted-brand-positioning-44763.htm">Hyundai Motor India increases ad budget as IPO nears, eyes trusted brand positioning</a>

HMI is set to make a debut in the Indian stock market this month. The 27,870 crore initial public offering (IPO) of the company opened for subscription on Monday 15 October and will conclude on October 17.

According to the COO, the IPO funds will aid in expanding the company's electric vehicle segment. Hyundai's Indian arm has planned three launches in the EV segment, he added.

Acknowledging competition with brands like Kia and others, Garg exuded confidence in Hyundai's position, citing the continued success of Creta. The model has sold around 15,000 units per month, positing double-digit growth.

HMI, established in May 1996, is a part of Hyundai Motor Group. The HMIL's vehicle lineup includes sedans, hatchbacks, SUVs, and electric vehicles (EVs), featuring models such as the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5. As of December 31, 2023, HMIL had partnerships with 363 dealer companies for distribution and sales in India.

The price band of Hyundai Motor IPO is between Rs 1,865 and Rs 1,960 per share. The company's value is pegged at around Rs 1.6 lakh crore post-IPO.

Hyundai Motor India accelerates in SUV market, eyes growth with IPO, EV expansion: COO Tarun Garg

Hyundai Motor India Ltd, which is preparing for its upcoming IPO, has significantly increased its spending on advertising and marketing over the last two fiscal years. The automaker has affirmed its commitment to continue these efforts in order to strengthen its position as a trusted brand in the Indian market.
The Indian arm of the South Korean automaker is set to make a debut in the Indian stock market in just 10 days.

Hyundai Motors's IPO size is pegged at Rs 27,870.16 crore. The maker of the Creta car has set a price band of Rs 1,865-1,960 per share. The issue will open on 15 October 2024 and conclude on 17 October. 

According to the Draft Red Herring Prospectus (DRHP), submitted to the Securities and Exchange Board of India (Sebi) in June this year, Hyundai Motors has spent Rs 677 crore on advertisement and sales promotion on a standalone basis in fiscal year 2023 (FY23). The ads expenses saw an increase of 37.66 percent in contrast to FY22 expenditure at Rs 491 crore driven by campaigns exhibitions and new launches.

<a href="https://www.storyboard18.com/advertising/swiggys-ad-spend-drops-26-to-rs-1850-79-crore-in-fy2024-to-cost-effectively-invest-in-marketing-43347.htm">Swiggy’s ad spend drops 26% to Rs 1850 crore in FY2024; to ‘cost-effectively’ invest in marketing</a>

Hyundai has planned to invest in targeted marketing campaigns through digital media initiatives, sponsorships, television advertisements, gaming shows, and sporting events and celebrity endorsements in the future.

In the DRHP, the automaker mentioned, "We collaborate with our dealers for promotion and advertising through various media and supply dealers with promotional materials for sales and service marketing". 

	
<a href="https://www.storyboard18.com/how-it-works/rs-580-bn-boom-indian-digital-ad-spending-set-to-surge-15-9-this-festive-season-41419.htm">Rs 580 bn boom: Indian digital ad spending set to surge 15.9% this festive season</a>

As of December 31, 2023, Hyundai Motor India had partnerships with 363 dealer companies for distribution and sales in India.
Notably, Hyundai's advertising expenses lag significantly behind those of its rival, Maruti Suzuki India. The Indian subsidiary of Japanese automaker Suzuki Motor Corporation spent Rs 947 crore on advertisement and sales as compared to Rs 668 crore in FY 2022. Additionally, Tata Motors' standalone publicity expenses in FY23 and FY22 stood at Rs 439.7 crore and Rs 321.4 crore, respectively.

Hyundai Motor India increases ad budget as IPO nears, eyes trusted brand positioning

The shareholders of IPO-bound Swiggy have reportedly approved the resolution to increase the size of the company's public issue from Rs 3,750 crore to Rs 5,000 crore. 

According to the Moneycontrol report, a sister publication of Storyboard18, Swiggy has created a provision to increase the IPO size by Rs 1,250 crore which requires additional funds. 

Citing sources, Moneycontrol said the shareholders approved the resolution to increase the IPO size during the Extraordinary General Meeting (EGM), held on October 3. 

Notably, only the size of the primary issue has been increased to Rs 5,000 crore. The offer for sale (OFS) component will remain unchanged at Rs 6,664 crore.

The Bengaluru-based food delivery platform is slated to go public later this year.

<a href="https://www.storyboard18.com/advertising/swiggys-ad-spend-drops-26-to-rs-1850-79-crore-in-fy2024-to-cost-effectively-invest-in-marketing-43347.htm">Swiggy's ad spend drops 26% to Rs 1850 crore in FY2024; to 'cost-effectively' invest in marketing</a>

The company made its draft red herring prospectus (DRHP) public on September 26. As per the DRHP, the losses of the company have widened by 8 percent to Rs 611 crore between April and June FY 2025 from Rs 564 crore in the same period last fiscal.

Swiggy's revenue from operation stood at Rs 3,222 crore in the first quarter of FY25 as against Rs 2,389.8 crore in the corresponding period of FY2024.

<a href="https://www.storyboard18.com/brand-marketing/swiggy-expresses-concerns-over-ondc-intensified-competition-and-economic-pressure-43445.htm">Swiggy expresses concerns over ONDC, intensified competition, and economic pressure</a>

Swiggy's listed rival Zomato's revenue was up by 74 percent to Rs 4,206 crore year on year in Q1 FY25. Zomato also posted a profit of Rs 253 crore in the Q1 of the current fiscal.


Swiggy's quick commerce arm, Swiggy Instamart, revenue was up by 108 percent to Rs 374 crore in the Q1 FY25 while Zomato's Blinkit clocked revenue of Rs 942 crore (23 percent growth) during the same period.

	
<a href="https://www.storyboard18.com/brand-makers/swiggy-admits-to-data-breaches-says-business-is-vulnerable-to-cyberattacks-43408.htm">Swiggy admits to data breaches, says business is vulnerable to cyberattacks</a>

Swiggy decreased its advertisement and sales expenditure by 26% to Rs 1850.79 crore in FY2024 from Rs 2501.16 crore in FY2023. In the quarter ended June 30, 2024, Swiggy spent Rs 445.3 crore on advertising and sales. In contrast, Zomato's advertisement and sales promotion expenses rose 17% YoY to Rs 1,432 crore in FY2024 and Rs 396 crore in Q1 FY2025. Swiggy emerged as the "most valuable brand in the Consumer Technology & Services Platforms" category and amongst the Top 25 most valuable brands in India, overall on the Kantar BrandZ Most Valuable Indian Brands Report 2024.

Swiggy shareholders approve increase in IPO size to Rs 5,000 crore: Report

Food aggregator and delivery platform Swiggy, which submitted an updated draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi), expressed ONDC as a threat.

In the DRHP, Swiggy said that large businesses can develop their own apps and delivery services to bypass third-party platforms. Successful execution of this trend could reduce the volume of orders on these platforms as customers might prefer ordering directly from these businesses.

"The emergence of models like Open Network for Digital Commerce (ONDC) is an example of this trend by allowingbusinesses to connect directly with consumers, bypassing third-party intermediaries," Swiggy mentioned in the DRHP.

<a href="https://www.storyboard18.com/advertising/swiggys-ad-spend-drops-26-to-rs-1850-79-crore-in-fy2024-to-cost-effectively-invest-in-marketing-43347.htm">Swiggy's ad spend drops 26% to Rs 1850 crore in FY2024; to 'cost-effectively' invest in marketing</a>

ONDC is an initiative by the Indian government to promote an open e-commerce network that connects shoppers, platforms, and retailers.

Apart from ONDC, Swiggy said that intensified competition from existing players, new entrants, and companies from other sectors
leveraging their existing capabilities for certain hyperlocal services like Quick Commerce can raise competitive
intensity.

Further, according to Swiggy, economic and inflationary pressure could limit disposable income, impacting some discretionary spending on Hyperlocal Platforms.

Swiggy has posted its revenue from operations at Rs 3,222.21 crore in the first quarter of FY25 against Rs 2,389.81 crore reported in the corresponding quarter of FY2024.

<a href="https://www.storyboard18.com/brand-makers/swiggy-admits-to-data-breaches-says-business-is-vulnerable-to-cyberattacks-43408.htm">Swiggy admits to data breaches, says business is vulnerable to cyberattacks</a>

The food delivery aggregator’s total liabilities were reported at Rs 2,896.25 crore in Q1FY25, against Rs 2,526.26 crore reported in Q1FY24. 

However, the Bengaluru-headquartered company's net loss narrowed to Rs 2,350 crore in FY2024, from a loss of Rs 4,179 crore in fiscal 2023.

<a href="https://www.storyboard18.com/brand-makers/swiggy-ipo-co-founders-sriharsha-majety-nandan-reddy-remuneration-revealed-43348.htm">Swiggy IPO: Co-founders Sriharsha Majety, Nandan Reddy remuneration revealed</a>


Swiggy is looking to raise Rs 3,750 crore by issuing fresh shares and offers for sale with shareholders offloading up to 185,286,265 equity shares of the company.

According to Swiggy, the net proceeds towards the funding will be utilized for the investment in Scootsy- a material subsidiary of the company; investment in technology and cloud infrastructure; brand marketing and business promotion and funding in inorganics growth through unidentified acquisitions and general corporate purposes.