Furlenco plans ₹1,200 crore IPO at ₹7,000 crore target
Furniture rental startup Furlenco is reportedly preparing to raise ₹1,000-1,200 crore in an initial public offering, aiming for a valuation near ₹7,000 crore. The company expects to finalize ICICI Securities as its IPO advisor, though the final valuation will depend on market response. Furlenco plans to launch the IPO in the next fiscal year. Multiple reports say the move follows the company's recent profitability.
- Furlenco aiming for up to ₹1,200 crore IPO
- Target valuation is around ₹7,000 crore
- ICICI Securities expected as IPO advisor
- IPO likely in the next fiscal year
- Furlenco profitable in latest reported periods
Sources covering this
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