CosmicTaco

Amazon-Backed More Retail Plans INR 2,000 Cr IPO

CosmicTaco · 2025-05-13T13:49:47.719445+05:30

- More Retail aims to go public next year between April and December, targeting INR 2,000 Cr through an IPO. - The IPO will primarily involve fresh issue of shares, with no offer-for-sale component, reducing promoters' stake by 10%. - Samara Capital and Amazon currently hold 51% and 48% stakes, respectively, in More Retail. - The company plans to use the IPO proceeds to expand its store count to 3,000 by 2030 and reduce its current debt of INR 500 Cr. - More Retail operates with a hybrid model, combining offline stores and online services, and aims to strengthen ties with Amazon Fresh. Source: [Inc42](https://inc42.com/buzz/amazon-backed-more-retail-plans-to-raise-inr-2000-cr-via-ipo-report/)

More Retail aims to go public next year between April and December, targeting INR 2,000 Cr through an IPO.
The IPO will primarily involve fresh issue of shares, with no offer-for-sale component, reducing promoters' stake by 10%.
Samara Capital and Amazon currently hold 51% and 48% stakes, respectively, in More Retail.
The company plans to use the IPO proceeds to expand its store count to 3,000 by 2030 and reduce its current debt of INR 500 Cr.
More Retail operates with a hybrid model, combining offline stores and online services, and aims to strengthen ties with Amazon Fresh.

Source: Inc42