Page 15 - Latest Updates on IPO
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")
Netherlands-based firm Prosus sees IPO upside in India as portfolio matures
With $6.5 billion in Indian assets, the Dutch firm eyes near-term returns from listings, including Urban Company and BlueStone, amid sustained tech investment
 "Netherlands-based firm Prosus sees IPO upside in India as portfolio matures")
HDB Financial IPO subscribed 37% on Day 1; HNIs, staff lead bids
HDB Financial's Rs 12,500 crore IPO opened with 37 per cent subscription on Day 1, led by HNIs and employees, while retail and institutional categories lagged
NSE to settle colocation case with Sebi for ₹1,388 cr; clears IPO path
The NSE has agreed to pay ₹1,388 crore to settle the colocation case with Sebi, resolving a major regulatory overhang and paving the way for its long-pending public listing
 "NSE to settle colocation case with Sebi for ₹1,388 cr; clears IPO path")
Ellenbarrie Industrial Gases IPO subscribed 31% on day two of bidding
The IPO received bids for 47,29,488 shares against 1,51,08,983 shares on offer, according to data available with the NSE
 "Ellenbarrie Industrial Gases IPO subscribed 31% on day two of bidding")
HDB Financial Services IPO sees 37% subscription on first day of bidding
The ₹12,500-crore initial public offering (IPO) will conclude on June 27. The price band for the offer has been fixed at ₹700-740 per share
 "HDB Financial Services IPO sees 37% subscription on first day of bidding")
HDB Financial Services raises ₹3,369 crore through anchor allotment
The prominent institutional investors who participated in the anchor allotment included Life Insurance Corporation, ICICI Prudential Mutual Fund, Nippon Life, and Goldman Sachs Funds, among others
 "HDB Financial Services raises ₹3,369 crore through anchor allotment")
Sambhv Steel raises ₹161 crore from anchor investors ahead of IPO launch
According to a circular uploaded on BSE's website, Sambhv Steel allocated over 1.96 crore equity shares to 19 entities at ₹82 per equity share, which is the upper end of the IPO price band
Globe Civil Projects IPO gets fully subscribed on day 1 of bidding
The ₹119-crore IPO received bids for 8,16,76,623 shares against 1,17,32,392 shares on offer, as per NSE data
Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025
The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal
 "Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025")