SoftBank-backed Snapdeal files for initial public offering, issues shares worth ₹12.5 billion

The Indian e-commerce platform Snapdeal has filed for an initial public offering on Tuesday.

1 min read . Updated: 21 Dec 2021, 10:25 AM IST Reuters

Snapdeal's IPO consists of a fresh issue of shares worth ₹12.5 billion ($165.09 million) and an offer for sale of 30.8 million shares, according to its draft prospectus

Listen to this article

SoftBank-backed Indian e-commerce platform Snapdeal filed for an initial public offering on Tuesday, joining dozens of firms in the country that have tapped the capital markets this year.

Snapdeal's IPO consists of a fresh issue of shares worth 12.5 billion rupees ($165.09 million) and an offer for sale of 30.8 million shares, according to its draft prospectus dated Dec. 20. ($1 = 75.7180 Indian rupees)

MINT PREMIUM See All

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!