Snapdeal to soon file draft paper for IPO
Snapdeal to Soon File Draft Paper for IPO Online marketplace Snapdeal is likely to file papers soon with India’s markets regulator SEBI (Securities and Exchange Board of India) for an initial public offering (IPO) Snapdeal is hoping to raise as. 1,250 crore rupees through primary share sale while the public issue will also have a secondary or OFS component of anywhere between Rs. 400 crore and Rs. 500 crore. Snapdeal has been focusing on segments like fashion, electronic accessories etc. The company was once a challenger to companies like Flipkart and Amazon India. Japanese investor Soft Bank may offload parts of its holding to trim its stake down to below 25%. Snapdeal founders Kunal Bahl and Rohit Bansal are unlikely to sell any shares in the upcoming IPO