OFB Tech Pvt, the operator of the technology supply chain and financing platform OfBusiness, is considering reviving plans for an initial public offering that could raise as much as $800 million, according to people familiar with the matter.
The company, backed by SoftBank, is exploring the move as part of a broader strategy to access public capital markets in India.
The potential listing comes at a time when the Indian IPO market is experiencing a significant resurgence.
The pipeline has reached record levels as major companies prepare to list, with investment bankers actively organizing roadshows for a growing number of deals.
This environment provides a favorable backdrop for OfBusiness to re-enter the public sphere after previously shelving or delaying its listing ambitions.
The development aligns with a broader trend of Indian tech firms turning to public markets for growth capital.