India, Sept. 2 -- Just hours after receiving SEBI's official go-ahead, consumer services unicorn Urban Company filed its red herring prospectus (RHP) for a INR 1,900 Cr IPO.

The startup's public offering will constitute a fresh issue of INR 472 Cr along with an offer-for-sale (OFS) element of INR 1,428 Cr.

Although the overall size of the public offering is same as the DRHP, the company has increased its fresh issue size by 10% from the initially proposed INR 429 Cr.

The company plans to utilise INR 190 Cr from the fresh issue for new technology development and cloud infrastructure. While it will use INR 75 Cr for lease payments for its offices, it will utilise INR 90 Cr for marketing activities.

Further, the OFS component has been re...