Ullu OTT platform is going to release its IPO soon. The company has filed DRHP papers recently. Everyone is curious to know more about this upcoming IPO release. We will share details about Ullu Digital IPO date, price band, issue size, and review below. The company has established its place in the market with its super hit OTT series including its bold series series as well. We will share details about the Ullu OTT platform IPO release date, DRHP, IPO, fundraising, and more below.
Ullu Digital IPO Date, DRHP FIlling, Price Band, Issue Size, Review
Ullu recently filled out its DRHP papers to the SEBI. It is looking to raise public funding through all fresh shares. There won’t be any offer for sale in the IPO. Ullu will be providing around 62,62,800 equity shares at the face value of Rs. 10 each. Apart from the IPO shares, they decided to keep additional shares for the market maker. Vibhu Agarwal and Megha Agarwal are the promoters of the company having a majority stake of 95% in the company. Vibhu holds a majority in it as well.
Ullu is an OTT platform that has made its place in the market for the last few years. Everyone is eager to know more about Ullu’s IPO date. However, the company has yet to announce the IPO date for the platform. They have just filled the DRHP papers to SEBI. If everything goes well from the SEBI side, the company will list soon in the market. There are discussions about its estimated share price as well. However, the company will share the final price later. We will share details about its final listing price as soon as the company releases its IPO date.
The reviews about the OTT platform are said to be positive. It expects to have a positive response to the IPO as well. The company follows a subscription model with different pricing as per the convenience of the subscriber. The IPO size is considered to be among a medium size. However, as Ullu’s IPO will be an SME (Small Medium Enterprises) IPO, the amount raised is the largest till now in SMEs. The company will be raising Rs. 150 Crores from the IPO. As per the sources, Ullu is said to have a price band between Rs. 342 and Rs. 360 per share which is quite good for the company. The speculators are positive about its results. We hope you get enough details about the Ullu Digital IPO above.