Page 19 - Latest Updates on IPO
Belrise eyes four-wheeler, CV push ahead of ₹2,150-cr IPO on May 21
Belrise Industries, dominant in two-wheeler components, plans to expand into CVs and four-wheelers as it raises ₹2,150 crore through an IPO opening on May 21
 "Belrise eyes four-wheeler, CV push ahead of ₹2,150-cr IPO on May 21")
Singapore's GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww
The proposed investment is part of Groww's broader plan to raise $200 million in pre-IPO funding and may double its valuation to $6.5 billion
 "Singapore's GIC seeks approval from CCI for 2.14% stake in IPO-bound Groww")
HDB Financial Services may seek RBI extension on listing deadline
HDFC Bank's NBFC arm may ask the RBI for more time to meet its September 2025 listing deadline as IPO approval faces delays over compliance issues and regulatory hurdles
 "HDB Financial Services may seek RBI extension on listing deadline")
Group of senior executives exit IPO-bound Flipkart in recent months
Departures come as Flipkart gears up for a $60-70 billion IPO and expands its quick-commerce play against rivals like Blinkit, Swiggy Instamart, and Zepto
 "Group of senior executives exit IPO-bound Flipkart in recent months")
More Retail plans ₹2,000 crore IPO, targets Ebitda-positive in FY26
Company backed by Amazon and Samara Capital aims to go public in 12-18 months, reduce debt, and expand store network from 775 to 3,000 by the end of the decade
 "More Retail plans ₹2,000 crore IPO, targets Ebitda-positive in FY26")
Motilal Oswal, Raamdeo Agrawal buy shares worth $100 million in Zepto
Both investors acquire shares from Zepto's early foreign backers at a $5 billion valuation as the firm aims for majority domestic ownership before going public
 "Motilal Oswal, Raamdeo Agrawal buy shares worth $100 million in Zepto")
Pre-IPO startups seek Sebi nod for flexibility on Esops to founders
Startups with diluted founder stakes seek Sebi's nod to issue Esops post-listing as they look to retain leadership alignment and reward long-term value creation
 "Pre-IPO startups seek Sebi nod for flexibility on Esops to founders")
NSE denies seeking finance ministry help over Sebi IPO approval delay
NSE denies reports it sought finance ministry help after Sebi delayed IPO nod; says no government communication in 30 months, rejects claims of regulatory bias
 "NSE denies seeking finance ministry help over Sebi IPO approval delay")
Stock Market Close Highlights: Sensex, Nifty settle higher after Operation Sindoor; SMIDs up 1%
Sensex Today | Stock Market Close Highlights: The broader markets outperformed benchmark indices as the BSE Midcap index gained 1.36 per cent and BSE Smallcap rose 1.16 per cent
 "Stock Market Close Highlights: Sensex, Nifty settle higher after Operation Sindoor; SMIDs up 1%")
If macro conditions hold, IPOs will top 2024's record tally: Sunil Khaitan
'Issuers and investors recognise the need for balanced pricing rather than short-term gains,' says managing director and head of India Financing Group at Goldman Sachs
 "If macro conditions hold, IPOs will top 2024's record tally: Sunil Khaitan")
Sebi bars Synoptics, promoters over IPO fund misuse, probes 20 SMEs
The market regulator also restricted merchant banker First Overseas Capital - the lead manager for Synoptics' IPO - from taking up any new assignments until further notice
 "Sebi bars Synoptics, promoters over IPO fund misuse, probes 20 SMEs")
Ather Energy IPO manages to scrape through; achieves 1.4x subscription
High net-worth individuals (HNIs) subscribed only 66 per cent, while retail and employee portions fared better at 1.78x and 5.4x, respectively
 "Ather Energy IPO manages to scrape through; achieves 1.4x subscription")
With IPO in sight, mattress maker Duroflex aims double-digit revenue growth
The company has identified institutions as a large vector of growth in the coming years. Institutions like colleges, hospitals, hotels etc currently make up a small fraction of the company's revenue
 "With IPO in sight, mattress maker Duroflex aims double-digit revenue growth")
Ather Energy's IPO subscribed 28%; last day of issue on Wednesday
The wealthy investor or high net worth individual portion was subscribed 27 per cent, the retail investor portion was subscribed 1.1 times
 "Ather Energy's IPO subscribed 28%; last day of issue on Wednesday")
KKR-backed InCred said to be in talks with advisers on $470 million IPO
InCred Financial plans to file documents soon for a share offering in Mumbai that might take place by October, the people said
 "KKR-backed InCred said to be in talks with advisers on $470 million IPO")
Kenrik Industries IPO opens today; check lot size, GMP, key dates, more
Shares of Kenrik Industries are expected to be listed on the BSE SME platform on Friday, May 09, 2025, according to the RHP
 "Kenrik Industries IPO opens today; check lot size, GMP, key dates, more")
Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes
The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares
 "Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes")
Canara Robeco Asset Management Company files draft papers for IPO with Sebi
The IPO is entirely an offer for sale (OFS) by state-owned Canara Bank and foreign partner Orix Corp (formerly Robeco Group)
 "Canara Robeco Asset Management Company files draft papers for IPO with Sebi")
India's Canara Robeco Asset Management Company files paper for IPO
Canara Bank will reduce its stake in the asset manager by 13% by selling 25.92 million shares via the listing. ORIX will sell 23.93 million shares
Tankup Engineers IPO day 2 update: Check subscription, GMP, listing date
Tankup Engineers aims to raise ₹19.53 crore through a fresh issue of 1.39 million equity shares
 "Tankup Engineers IPO day 2 update: Check subscription, GMP, listing date")