Scripbox shareholders approve conversion into public company ahead of IPO
The Economic Times · ETtech ·
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
Wealth management platform Scripbox has secured shareholder approval to convert into a public limited company, as it moves ahead with plans for an initial public offering (IPO).
At an extraordinary general meeting on October 19, shareholders approved the change of the Accel-backed startup's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited, along with amendments to its constitutional documents, according to regulatory filings reviewed by ET.
The company said in a statement that it intends to list its shares through a fresh issue and/or an offer for sale by existing shareholders. The timing will be decided in consultation with investment bankers and remains subject to regulatory approvals. The startup has not disclosed the size or valuation of the proposed issue.
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