B2B Commerce Platform OfBusiness Targets IPO Launch in 2025

OfBusiness, which operates a digital marketplace connecting small and medium enterprises with suppliers, is moving ahead with plans to go public in the coming fiscal year. The B2B commerce platform intends to file its Draft Red Herring Prospectus (DRHP) with India's Securities and Exchange Board (SEBI) in November, setting the stage for a market offering in the first quarter of the next financial year.

The company's IPO valuation is expected to be anchored to its current market assessment of $4.4 billion to $5 billion, reflecting its position as one of India's prominent digital marketplaces for business-to-business transactions. The listing would mark a significant milestone for the fintech and commerce sector in India, adding to the growing number of technology-enabled platforms seeking public capital.

OfBusiness has built its business model around digitising procurement and supply chain operations for MSMEs, offering working capital solutions and inventory management tools alongside marketplace functionality. The prospective IPO comes as the company continues to expand its user base and transaction volumes in India's rapidly evolving digital commerce ecosystem.

The timeline suggests OfBusiness will navigate the regulatory approval process over the coming months, with the SEBI review period typically taking several weeks before clearance for public offerings. A successful listing would provide the company with capital for expansion while offering early investors and shareholders a liquidity event.