Urban Company set to file DRHP for Rs 2,000-crore IPO

Accel-backed at-home services platform Urban Company is preparing to file its draft red herring prospectus (DRHP) in the coming days for a Rs 2,000-crore initial public offering (IPO), people aware of the development told ET. The offering will comprise a primary issue of about Rs 500 crore and a secondary share sale of approximately Rs 1,500 crore, they said.

The company has trimmed the overall IPO size from an earlier planned Rs 3,000 crore with investors offloading a lesser stake in the company than originally planned.

ET had first reported on April…