Goa nightclub Tito's preparing for IPO at ₹1,000 crore valuation

Tito's Resorts & Hospitalities, behind the Goa-based nightclub Tito's, is preparing for an SME IPO at a valuation of up to ₹1,000 crore, NDTV Profit reported. It plans to dilute at least 30% of its equity through the offering. However, Reuters reported Tito's is looking to sell at least 10% stake at an over ₹1,000 crore valuation before exploring IPO.