Ullu Digital IPO Date:
India’s largest adult streaming OTT company Ullu is going to launch its IPO very soon, for which the company has made all its preparations. In such a situation, people associated with the stock market have become very curious about the IPO of Ullu OTT platform and also want to read many more information about Ullu Digital IPO.
For your information, let us tell you that Ullu Digital is India’s largest adult streaming OTT platform, which has more than 25 lakh paid subscribers who have subscribed to Ullu. But now Ullu has submitted draft papers to India’s stock market regulator SEBI to launch its IPO.
After which Ullu’s IPO is going to come very soon, that is why many people want to know about Ullu Digital IPO Date. Therefore, in today’s post, we will share with you Ullu Digital IPO Date and many other important information about this IPO.
Ullu Digital IPO Current Status
The country’s largest adult streaming OTT company has submitted all the draft papers for its IPO to the market regulator SEBI. Through this IPO, Ullu Digital wants to raise around Rs 135 to 150 from the market. According to the information received, let us tell you that this company is going to issue 62.6 lakh new shares, which are not going to be offered for sale.
Apart from this, let us also tell you that if Ullu gets approval for IPO from SEBI, then its IPO will become the largest SMI IPO of the country, till now the largest SMI IPO of the country was of Spectrum Talent Management, which had Had raised Rs 105 from its IPO.
At present, Ullu Digital’s IPO is in the draft stage, where they have to wait for the approval from SEBI because only when they get the approval from SEBI, Ullu company will be able to bring its IPO in the market.
What will the company do with the IPO money?
At present the owners of Ullu Digital company are Vibhu Agarwal and his wife Megha Agarwal, who currently hold 95% stake in the company. The remaining 5% stake is with the company’s public shareholder Zenith Multi Trading DMCC.
According to the information received in the reports, the company is going to use the money received from IPO for the production of new content, technology, staff hiring etc. Apart from this, the company is going to use the money received from IPO for its marketing and other corporate purposes.
Ullu Digital IPO Date
Now if we talk about Ullu Digital IPO Date, the official date of its IPO has not been revealed yet because its IPO is still in the draft stage. But if they get approval for IPO from SEBi, then Ullu Digital IPO can be launched in the market by April next month.
Let us also tell you that after the closing of Ullu Digital IPO, the shares of this company will be listed on BSE and NSE, which then everyone will be able to buy easily.
We hope that from this post you would have got information about Ullu Digital IPO Date, share it with your friends also so that they can also know about Ullu Digital IPO Date.
