Pepperfry IPO: Omnichannel furnishings firm Pepperfry is making ready for itemizing on the Stock Exchanges. The firm might quickly file a draft paper for the IPO (Initial Public Offering) with the inventory market regulator SEBI (Securities and Exchange Board of India). It is believed that the corporate can file DRHP with SEBI between October and December.

Pepperfry, a Goldman Sachs-backed startup firm, was planning to launch an IPO earlier this yr. But the corporate had shelved the plan to carry IPO after the inventory market sentiment deteriorated. Pepperfry was initially aiming to lift Rs 2,000 -2400 crore via IPO.

The firm has appointed JP Morgan and ICICI Bank as funding banks to carry the IPO. When Pepperfry raised capital in 2020, then the valuation of the corporate was estimated at $ 500 million i.e. Rs 4,000 crore.

Pepperfry is a veteran title within the on-line furnishings phase. The firm’s income from operations in 2021-22 was Rs 247 crore. In 2020-21, the corporate’s income declined by 10 % because of the Kovid epidemic. The firm earns a fee from the furnishings offered via the e-commerce platform.

However, Pepperfry is planning to carry IPO at a time when IPOs of tech-based corporations have carried out very badly on the inventory change. So the businesses which have been planning to carry IPO have been postponed in the interim.

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