Page 14 - Latest Updates on IPO
IPO-bound Smartworks FY25 loss widens to ₹63 cr, revenue rises 32%
Smartworks said it aims to generate and sustain increased revenue levels and decrease proportionate expenses in future periods to achieve profitability
 "IPO-bound Smartworks FY25 loss widens to ₹63 cr, revenue rises 32%")
Allied Engineering Works files IPO papers, to raise ₹400 cr via fresh issue
The proposed IPO is a combination of fresh issuance of shares worth ₹400 crore, and an offer-for-sale of 75 lakh shares by promoter Ashutosh Goel
 "Allied Engineering Works files IPO papers, to raise ₹400 cr via fresh issue")
Smarten Power IPO to open on Jul 7, sets issue price band at ₹100/share
The IPO is a combination of a fresh issue of up to 40.01 lakh equity shares aggregating to ₹40.01 crore and an offer for sale of 10 lakh shares aggregating to ₹10 crore
 "Smarten Power IPO to open on Jul 7, sets issue price band at ₹100/share")
Smartworks Coworking IPO to open on July 10; issue size cut to ₹445 crore
About Rs 226 crore from the total proceeds will be used for capital expenditure related to the fit-outs in new centres and security deposits for these new centres
 "Smartworks Coworking IPO to open on July 10; issue size cut to ₹445 crore")
Crizac's ₹860 crore IPO subscribed 59.82 times on final bidding day
The ₹860-crore initial share sale received bids for 154,56,79,488 shares against 2,58,36,909 shares on offer, as per NSE data
 "Crizac's ₹860 crore IPO subscribed 59.82 times on final bidding day")
Meesho files confidential IPO papers with Sebi, targets ₹4,250 cr listing
Last month, the NCLT approved Meesho's move to shift its HQ from Delaware to India, a step seen as key to its long-awaited listing and corporate restructuring
 "Meesho files confidential IPO papers with Sebi, targets ₹4,250 cr listing")
Kapur Family Trust to partially sell stake in Travel Food Services
Travel Food Services IPO is a full offer-for-sale issue by Kapur Family Trust with SSP Group raising stake as company eyes APAC, Middle East and highway QSR growth
 "Kapur Family Trust to partially sell stake in Travel Food Services")
HDB Financial Services jumps 13% on debut, valued at ₹69,704 crore
HDB Financial Services gains over 13 per cent on market debut with Rs 69,704 crore valuation after strong IPO demand, though RBI's stake cap proposal could weigh on outlook
 "HDB Financial Services jumps 13% on debut, valued at ₹69,704 crore")
Ellenbarrie, Globe Civil shine on market debut; Kalpataru, Raymond subdued
Industrial listings see strong investor response while real estate debuts Kalpataru and Raymond Realty deliver modest or flat returns despite strong sectoral interest
 "Ellenbarrie, Globe Civil shine on market debut; Kalpataru, Raymond subdued")
India's IPO market eyes $2.4 bn in offerings in July on confidence revival
So far this year, India continues to the world's No. 2 IPO market with $5.86 billion raised, accounting for the 12 per cent of total proceeds globally, LSEG data shows
 "India's IPO market eyes $2.4 bn in offerings in July on confidence revival")
Hero Motors files draft papers for ₹1,200 cr IPO; looks to reduce debt
The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400, the draft prospectus showed
 "Hero Motors files draft papers for ₹1,200 cr IPO; looks to reduce debt")
Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO
Curefoods files for ₹800 crore IPO with investor exits led by Iron Pillar and Accel, even as the firm shows revenue growth and plans brand expansion
 "Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO")
Investment bankers pocket just ₹104 crore from HDB Financial IPO
The first half of calendar 2025, saw 24 IPOs on the mainboard. The cumulative amount raised by these companies stood at ₹45,375 crore, translating into an average IPO size of ₹1,890 crore
 "Investment bankers pocket just ₹104 crore from HDB Financial IPO")
Tenneco Clean Air India files for IPO with Sebi, seeks to raise ₹3000 cr
The proposed IPO is entirely an Offer for Sale (OFS) by the promoter Tenneco Mauritius Holdings Ltd with no fresh equity issuance, according to the draft red herring prospectus (DRHP)
 "Tenneco Clean Air India files for IPO with Sebi, seeks to raise ₹3000 cr")
Silverton Industries files IPO papers, seeks ₹300 cr via fresh issue
The proposed IPO is a combination of fresh issuance of shares worth Rs 300 crore, and an offer-for-sale of 3.22 crore equity shares by promoters, according to the DHRP filed on Friday
 "Silverton Industries files IPO papers, seeks ₹300 cr via fresh issue")
Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO
Pine Labs' DRHP shows CEO Amrish Rau's net worth may cross ₹1,000 crore as he sells shares via OFS, alongside Peak XV, PayPal, Mastercard and other investors
 "Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO")
HDB Financial IPO subscribed 17x on strong institutional demand
HDB Financial's ₹12,500 crore IPO sees overwhelming interest from institutional investors, though modest grey market premium kept retail demand relatively low
 "HDB Financial IPO subscribed 17x on strong institutional demand")
Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr
The proposed IPO of the Bengaluru-based company is a combination of a fresh issue of equity shares aggregating up to Rs 468.2 crore and an OFS of 5.84 crore equity shares by the selling shareholders
 "Wakefit Innovations files draft papers with Sebi; seeks to raise ₹ 468 cr")
Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids
Kalpataru IPO sees modest interest; Ellenbarrie and Global Civil Projects attract overwhelming demand from institutional and HNI segments on final day
 "Strong demand for Ellenbarrie, Global Civil; Kalpataru sees 2.3x bids")
Pine Labs files DRHP with Sebi for IPO; to raise ₹2,600 cr via fresh issue
The company plans a pre-IPO placement of shares aggregating to Rs 520 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced
 "Pine Labs files DRHP with Sebi for IPO; to raise ₹2,600 cr via fresh issue")