Scripbox shareholders have approved the conversion of the wealth management startup into a public company, a step that comes ahead of its planned initial public offering.
At an extraordinary general meeting on October 19, shareholders cleared a change in the company's name from Scripbox Wealth Managers Private Limited to Scripbox Wealth Managers Limited. Regulatory filings show they also approved amendments to the company's constitutional documents.
Converting from a private to a public limited company is a standard requirement for an Indian company that wants to list on the stock exchanges. The removal of 'Private' from the name reflects that change in status. Revising the memorandum and articles of association is typically part of the same process, so the governing documents match the rules for a public company.
Scripbox is backed by Accel. The filings do not set out details of the proposed public offering, such as its size, timing or structure, and this article does not speculate on them.
The resolutions mark a procedural milestone rather than a listing itself. The company would still need to complete further regulatory steps before any offering can go ahead.
Scripbox did not immediately provide additional detail on its listing plans.
