Page 20 - Latest Updates on IPO
Ather Energy trims IPO size to Rs 2,626 crore from Rs 3,100 crore
Existing shareholders will offload 11.1 million shares, around half the 22 million shares they planned to sell earlier
 "Ather Energy trims IPO size to Rs 2,626 crore from Rs 3,100 crore")
Flipkart plans India IPO next year, targets up to $70 billion valuation
The Walmart-owned company has initiated steps to relocate its holding company from Singapore to India, a move intended to smooth the path for a domestic listing
 "Flipkart plans India IPO next year, targets up to $70 billion valuation")
IPO-bound Flipkart plans to shift holding company from Singapore to India
Speaking on the development, a Flipkart spokesperson on Monday night said the strategic decision reflects the company's deep and unwavering commitment to India and its remarkable growth
 "IPO-bound Flipkart plans to shift holding company from Singapore to India")
PhonePe's Pincode app starts 24x7 medicine delivery in three cities
Pincode app is transforming the online pharmacy sector through exclusive partnerships with local medical shops, rather than utilising dark stores
 "PhonePe's Pincode app starts 24x7 medicine delivery in three cities")
Ather Energy cuts IPO size by 25% to ₹3,000 crore, delays launch to May
Ather goes ahead with IPO despite global volatility and market slump triggered by Trump's tariff shock; valuation also revised downward
 "Ather Energy cuts IPO size by 25% to ₹3,000 crore, delays launch to May")
Sai Infinium files draft papers with Sebi to raise funds through IPO
The Gujarat-based company's IPO is entirely a fresh issue of 1.96 crore equity shares with no offer-for sale (OFS) component, according to the draft papers filed on Wednesday
 "Sai Infinium files draft papers with Sebi to raise funds through IPO")
SIS Cash Service IPO to raise Rs 100 cr, promoters offer 3.7 mn addl shares
Proceeds from the fresh issue to the tune of ₹37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle
 "SIS Cash Service IPO to raise Rs 100 cr, promoters offer 3.7 mn addl shares")
Park Medi World files for ₹1,260 cr IPO, includes ₹300 cr shares on offer
The company may also consider a pre-IPO placement of up to ₹192 crore
 "Park Medi World files for ₹1,260 cr IPO, includes ₹300 cr shares on offer")
Desco Infratech IPO opens today; check price band, lot size, GMP, key dates
Desco Infratech intends to raise ₹30.75 crore at the upper price band through this issue.
 "Desco Infratech IPO opens today; check price band, lot size, GMP, key dates")
Rapid Fleet Management IPO opens today: Check key dates, price band, GMP
Ahead of its IPO, Rapid Fleet Management raised ₹10.72 crore from anchor investors.
 "Rapid Fleet Management IPO opens today: Check key dates, price band, GMP")
Electric scooter maker Ather Energy expands facility to boost R&D
Spanning 38,692 sq ft, the facility is designed to validate durability and safety across vehicle, system, and component levels
 "Electric scooter maker Ather Energy expands facility to boost R&D")
FMCG major Adani Wilmar changes name to AWL Agri Business Limited
The rebranding aims to align the company's identity with its core business activities and future growth prospects in the agri-business industry
 "FMCG major Adani Wilmar changes name to AWL Agri Business Limited")
Innovatiview India files draft papers with Sebi for Rs 2,000 crore IPO
Since the IPO is entirely an OFS, the company will not receive any funds from the issue and the proceeds will go to the selling shareholder
 "Innovatiview India files draft papers with Sebi for Rs 2,000 crore IPO")
Granite producer Midwest gets Sebi nod for IPO worth Rs 650 crore
The proposed Initial Public Offering (IPO) of Hyderabad-based Midwest is a mix of fresh issue of shares up to Rs 250 crore and an Offer For Sale (OFS) of up to Rs 400 crore by promoters
 "Granite producer Midwest gets Sebi nod for IPO worth Rs 650 crore")
Our goal is to make India 50% of our overall biz: Eruditus' Kalipatnapu
"We have started the process and will follow the letter of the law in terms of the time that it would take. But we are not in a tearing hurry to do the IPO"
 "Our goal is to make India 50% of our overall biz: Eruditus' Kalipatnapu")
Companies trim IPO sizes to ride market roller coaster, say experts
Slowing corporate earnings, FPI outflows behind valuation reassessment, say experts
 "Companies trim IPO sizes to ride market roller coaster, say experts")
SMPP, Brigade Hotel among 8 companies to get Sebi nod to float IPOs
Sebi received preliminary IPO documents from these firms between October and November, and issued its observations during January 28-31, the update showed
 "SMPP, Brigade Hotel among 8 companies to get Sebi nod to float IPOs")
Tata Capital sets stage for IPO with articles of association update
The company said its current shareholder base is around 29,000 and in order to avoid a situation where its shareholder base increases further
 "Tata Capital sets stage for IPO with articles of association update")
Seafood tech firm Captain Fresh raises Rs 250 cr in ongoing pre-IPO round
Prosus Ventures, Accel, and Tiger Global lead the round, backed by prominent domestic family offices
 "Seafood tech firm Captain Fresh raises Rs 250 cr in ongoing pre-IPO round")
IPO fund raise between April-Dec 2024 at Rs 11.1 trn: Economic Survey 2025
Economic Survey 2025: India's share in global IPO listings, meanwhile, surged to 30 per cent in 2024, up from 17 per cent in 2023
 "IPO fund raise between April-Dec 2024 at Rs 11.1 trn: Economic Survey 2025")