ULLU DIGITAL
OTT streaming platform Ullu Digital has filed draft papers with BSE SME (Bombay Stock Exchange Small and Medium Enterprises) to launch an initial public offering (IPO). If approved, this IPO will mark a milestone in the SME segment, making it the largest SME IPO ever in terms of size.
Number
Ullu App aims to raise Rs 135 crore to Rs 150 crore through this IPO. The company plans to achieve this by issuing fresh equity shares, with a total of 62,62,800 shares on offer.
Ullu Digital Journey
Ullu has carved a niche for itself in the competitive OTT landscape. With a focus on bold and engaging content, Ullu has attracted a loyal customer base. There are 20,92,975 customers on the platform as of September 2023. Ullu is a top streaming platform that offers a range of web series, short films and shows targeted at adult audiences.
industry discussion
Industry experts are closely following Ullu Digital’s IPO journey. If successful, it could set a precedent for other SMEs eyeing the public markets. Investors are also keenly watching this pioneering step.
Stay tuned for updates as Ullu Digital is set to create history in the SME IPO sector!
Disclaimer: This article is for informational purposes only and is not investment advice. Readers are encouraged to do their own research and consult financial professionals before making any investment decisions.
