GENERAL4 Oct 2026
B2B commerce firm OfBusiness plan IPO next year, DRHP likely in Nov
OfBusiness, a business-to-business (B2B) commerce firm, plans to file its IPO papers next year. The draft red herring prospectus (DRHP) may come in November, with the share sale targeted for March-April. The IPO is expected to be based on the company's existing valuation of $4.4-5 billion. Business owners should watch for the DRHP. The founders include Asish Mohapatra, Ruchi Kalra and two other partners.
Key Statutory Highlights
- OfBusiness plans to file its IPO papers next year, with the draft red herring prospectus likely in November.
- The IPO is expected to be based on the company's existing valuation of $4.4-5 billion, with the issue targeted for March-April next year.
- The company was founded nearly 10 years ago by Indian School of Business alumni Asish Mohapatra, Ruchi Kalra and two other partners.
Actionable Advice for Taxpayers / Founders:If an IPO interests you, wait for the OfBusiness DRHP to be filed, then read its risk factors and financials carefully before deciding. Discuss it with your financial advisor, since listing plans and timelines can change.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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