HomeLane is planning an IPO for Rs 1,500 crore by the middle of 2022

• ByStartupStory     |    January 19, 2022

According to various persons familiar with the situation, HomeLane, a home interior business backed by former Indian cricket captain Mahendra Singh Dhoni, wants to earn up to Rs 1,500 crore through an initial public offering that is expected to hit the market by mid-2022.

According to the persons, Bank of America, Axis Capital, and ICICI Securities NSE -3.76 percent have been hired to manage the initial public offering (IPO). According to them, the proposed IPO will offer 25-30% of the company’s stock.

There will be a mix of main and secondary shares, with some existing investors, such as Sequoia Capital and Accel Partners, exiting in part.

Investors such as Sequoia Capital, Accel Partners, IIFL AMC, Oman India Joint Investment Fund, Stride Ventures, Pidilite, Evolvence, K Ganesh-backed Growth Story, Aarin Capital, Baring Private Equity Partners, RB Investments, JSW Ventures, and NuVentures own around 70% of Bengaluru-based HomeLane.

Follow Startup Story