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OfBusiness targets mid-November DRHP filing for $800M IPO
Indian B2B ecommerce unicorn OfBusiness plans to file a DRHP for an $800 million IPO, targeting a $5-6 billion valuation. The company cited improved market conditions and stronger profitability, supported by manufacturing integration and an exit from lower-return segments.
Reported figures
From the report. Source details below
| FY26 net profit ₹724 crore, up | 21% YoY |
|---|---|
| FY26 revenue | ₹20,645 crore |
| FY26 EBITDA ₹769 crore, up | 34% YoY |
| EBITDA margin 4%, versus | 2.6% |
Also in the report
- Up to $260 million fresh issue
- Nearly $900 million raised
The source
First seen