Urban Company secures shareholder nod for IPO, to raise Rs 528 crore in fresh capital

Accel-backed Urban Company has received shareholder approval for an IPO to raise up to ₹528 crore. The IPO size, which was initially around Rs 3,000 crore has been readjusted. The revised size reflects current market conditions. The company aims to file draft papers with Sebi soon and has appointed bankers for the offering.