India, Feb. 8 -- Gurugram-based home services marketplace Urban Company has taken a step towards potential initial public offering (IPO) this year by converting itself into a public entity.

As per Urban Company's regulatory filings, its board has approved a resolution to rename the company from "Urbancalp Technologies India Private Limited" to "Urbanclap Technologies India Limited".

Entrackr reported the development first.

This comes as the company is reportedly planning to submit its draft papers for an INR 3,000 Cr IPO before March ends.

As part of the IPO, the company will offer both new and existing shares, but most of the funds will come from fresh share sales.

To manage the process, it has brought on board Kotak Mahindra Capita...