Ullu Digital IPO has been delayed, with plans to launch by March 2025, according to Vibhu Agarwal, the company’s founder. Plans for an IPO have been delayed due to concerns raised by the self-regulatory body for streaming services and the National Commission for Protection of Child Rights (NCPCR) regarding the platform’s adult content. However, Google later clarified that it found no inappropriate content featuring children on Ullu, the streaming service in question. The platform has informed these regulatory bodies that it has mandatory provisions in place to implement age restrictions for mature content.
Agarwal expressed optimism about the future, highlighting that the company aims to strengthen its position in the competitive streaming landscape before proceeding with the IPO. He emphasized that Ullu Digital is focused on enhancing its content library and expanding its user base, which will ultimately support a successful public offering.
The Ullu Digital IPO is expected to raise between INR 135-150 crore through a fresh issue of approximately 62.63 lakh shares, as outlined in their draft red herring prospectus (DRHP) filed with the BSE SME platform. Ullu’s IPO is considered the biggest SME IPO in terms of size. Notably, there is no offer for sale (OFS) component in this offering. The proceeds from the IPO will be utilized for various strategic initiatives, including content production, acquisition of international shows, and technological upgrades.
In summary, while Ullu Digital’s IPO is currently on hold, there is a clear commitment from leadership to make it happen within the next year. The Ullu Digital IPO details and timeline indicate a proactive plan for growth, setting the stage for what could be a significant milestone for the company in 2025. For the latest IPO Approval, live subscription, GMP and news stay tuned with IPO Central.
