The record
Written from the 1 report below. Nothing here is unsourced.
- The used car platform Spinny, through its parent company Valuedrive Technologies, has filed a Draft Red Herring Prospectus (DRHP) with SEBI.
- The company aims to raise between ₹2,500 crore and ₹3,000 crore through the proposed initial public offering.
- Several financial institutions including Kotak Mahindra Capital, Citigroup, and Morgan Stanley have been appointed to manage the process.
- This public offering comes as the company continues to report revenue growth in its used car retail and services business.
What to watch next
- SEBI approval of the draft filing
- Finalization of the IPO size and listing timeline
- Company performance in FY27
Coverage1
1 report
Indian-language1
All filed from India
Named India · Sachin Tendulkar · 360 One WAM · Citigroup Global Markets India · Kotak Mahindra Capital · Morgan Stanley India · Securities and Exchange Board of India · Spinny · Valuedrive Technologies
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