Snapdeal to Soon File Draft Papers for 1,250-crore IPO

21 December 2021, Mumbai:

The public issue will also have a secondary component of 400-500 crores

Online marketplace Snapdeal is expected to file its draft initial public offering (IPO) papers with the country's markets regulator Sebi (Securities and Exchange Board of India) in the next few days, people briefed on the matter said.

Snapdeal, once a challenger to Flip kart and Amazon In dia, is looking to raise around 1,250 crores through primary share sale while the public Issue will also have a secondary or offer for sale (OFS) component of anywhere between 400 crore and 6500 crore Japanese investor Soft Bank, which made an early bet on Indian commerce company.

ET DT 21-12-2021 (The news article has not been edited by DFU Publications staff)

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