IPO-Bound Urban Company Faces INR 51 Cr GST Demands

As per its DRHP, Urban Company is contesting tax demand notices issued by GST departments of Haryana, Maharashtra and Tamil Nadu

The unicorn also has contingent liabilities worth INR 4.38 Cr for matters under dispute from consumers related to services provided and lessors related to leased premises

Urban Company’s IPO will comprise a fresh issue of up to INR 429 Cr and an offer for sale of up to INR 1,471 Cr

IPO-bound consumer services unicorn Urban Company is facing…