IPO Bound OTT platform Ullu Digital saw its profit after tax (PAT) fall 16% to INR 12.68 Cr in FY24 from INR 15.14 crore the previous year

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Ullu's operating revenue increased by 7% to INR 99.67 crore in the fiscal year under review, up from INR 93.15 crore the previous year

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Including other income of INR 51.51 lakh, total revenue exceeded INR 100 crore

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The OTT platform's total expenses increased by 15% to INR 83.49 Cr from INR 72.33 Cr in the previous fiscal year

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In February 2024, the OTT platform filed a draft red herring prospectus (DRHP) to be listed on the BSE SME platform

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Ullu Digital intends to collect INR 135 crore to INR 150 crore through an IPO, which will only include a fresh issue of 62.63 lakh shares

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In February 2024, the National Commission for Protection of Child Rights recommended the Ministry of Electronics & IT to take action against the OTT platform

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Ullu's IPO plans were delayed as a result of the dispute. Last month CEO Vibhu Agarwal, informed media that the company expects to go public in March 2025

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Ullu competes with Amazon's MX Player, ALTBalaji, and others in the congested Indian OTT sector

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