Spinny Files for India IPO Targeting 30 Billion Rupees
Valuedrive Technologies has confidentially filed draft papers for an initial public offering in India. The used-car platform operator targets raising at least 30 billion rupees through the share sale.
Valuedrive Technologies, operating as Spinny, filed confidential draft IPO papers in India targeting at least 30 billion rupees ($313.84 million). The offering comprises an equal mix of fresh shares and an offer for sale by existing backers. The confidential filing allows the used-car platform to shield sensitive data while seeking regulatory feedback amid a revival in primary market activity.
