Kuku Applied sciences, the mum or dad firm of audio storytelling platform Kuku FM and microdrama app Kuku TV, has acquired an commentary letter from SEBI for its proposed IPO.

The commentary letter, issued on 11 September, clears an vital regulatory step for the corporate after it filed its draft supply paperwork by means of SEBI’s confidential submitting route in June.

Kuku is anticipated to file an up to date prospectus with SEBI within the coming weeks and is focusing on a inventory market itemizing within the first half of 2027.

The proposed IPO might elevate as much as Rs 3,500 crore and is anticipated to comprise a contemporary concern of shares in addition to a suggestion on the market by current traders.

Kuku was focusing on a valuation of about Rs 15,000 crore when it filed its confidential papers, in contrast with its earlier private-market valuation of about Rs 4,500 crore. The ultimate concern dimension and valuation might change relying on market situations.

Kotak Mahindra Capital, Jefferies, JM Monetary and Axis Capital are managing the problem.

Proceeds from the contemporary concern are anticipated for use to strengthen Kuku’s expertise and AI infrastructure, improve content material manufacturing and assist enlargement into new markets.

Based in 2018 by Lal Chand Bisu, Vikas Goyal and Vinod Kumar Meena, Kuku started with Kuku FM earlier than increasing into different types of cellular leisure.

Kuku FM focuses on audio storytelling, whereas Kuku TV, launched in 2024, affords short-form vertical microdramas. The corporate additionally operates Guru, an edutainment platform. Kuku TV has grown to change into the largest contributor to the corporate’s enterprise.

Kuku’s ecosystem had crossed 400 million app installs by August 2026, alongside 10 million paid subscribers and a group of greater than 50,000 creators.