Investment banking sources confirmed this development and said the fashion retailer's initial public offering (IPO) is aiming to mobilise as much as $1 billion.
With this, VMM becomes the fourth company to opt for the confidential filing route. Tata Play was the first company to tap this route, first introduced in 2022. It, however, scrapped its IPO plan. Last year, Softbank-backed hotel aggregator Oyo also made a confidential filing for its IPO. Meanwhile, in April, delivery giant Swiggy took the pre-filing route for its IPO, whose size is pegged at $1.25 billion.
VMM is fully owned by private equity (PE) players. In 2014, Partners Group and Kedaara Capital had completed the acquisition of the fashionfocused retailer from TPG Capital and the Shriram Group.
Diese Geschichte stammt aus der July 18, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 18, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Defence stocks take fire: Rally or retreat?
Period of correction follows a prolonged bull run
RIL, TaMorally, benchmarks at fresh highs
Equity benchmark indices Sensex and Nifty hit their all-time high levels on Thursday, driven by a rally in index majors Reliance Industries and Tata Motors.
IPOS sail strong on mkt tailwind
IPOS this year stay on course: Only 10 let Sebi approval slip- a three-year low
India among critical tech leaders, behind only US and China in Al
Among top five countries in 45 of 64 critical technologies
PLANT-BASED LEATHER TAKING ROOT
But limited infra and lack of govt incentives driving up cost of sustainable vegan products
Tax reform dilemmas
For a fairer, more inclusive tax system, taxing agriculture and adjusting exemptions are essential
Stationed in space
Recent experience has lessons for Isro
Ring-fencing a challenge
Industrial parks are expected to help attract investment
Will Amazon ever be Apple of India's eye?
Jeff Bezos is a bonafide global celebrity.
Durov charged for crimes committed on Telegram
Pavel Durov, the chief executive officer of Telegram, was charged in France for complicity in the spread of sexual images of children and other crimes, in a rare example of a tech leader being held liable for the way their platform is used.
