CSM Technologies lists at 5% discount; Swara Baby Products files ₹1K cr IPO
CSM Technologies lists at a discount, while FirstCry-backed Swara Baby Products files draft papers for a ₹1,000-crore IPO to fund expansion and acquisitions
 "CSM Technologies lists at 5% discount; Swara Baby Products files ₹1K cr IPO")
CSM Technologies made a weak stock market debut, closing at a five per cent discount to its issue price. The stock ended its session at ₹107.35, after opening at ₹113 on Thursday. Post-listing, the company's market capitalisation hit ₹553.96 crore. The IPO was subscribed 1.36 times.
FirstCry-backed Swara Baby Products files ₹1,000-cr IPO
Swara Baby Products, backed by FirstCry parent Brainbees Solutions, has filed a draft red herring prospectus (DRHP) for a ₹1,000-crore initial public offer (IPO). The offer comprises a fresh issue of equity shares worth up to ₹500 crore and an offer for sale (OFS) of up to ₹500 crore from existing shareholders. Promoters Brainbees Solutions and Anadya Bon Merchari LLP are selling stakes worth up to ₹300 crore and ₹200 crore, respectively. Avendus Capital and JM Financial are the book-running lead managers. The proceeds of the fresh issue will be used to fund unidentified acquisitions, capex to set up a new factory in Madhya Pradesh, borrowing costs, and general corporate purposes.
Invesco MF enters SIF with Summit Equity Long-Short Fund
Invesco Mutual Fund (MF) on Thursday announced its foray into the specialised investment fund (SIF) space with the launch of Summit Equity Long-Short Fund. The scheme aims to capture both directional upside and tactical downside opportunities through long and short positions. "Return generation within markets is inherently non-linear and characterised by periodic dislocations. Summit Equity Long-Short Fund is designed to capture both long and short opportunities enabling it to effectively capitalise on market volatility and evolving opportunities," said Hiten Jain, Fund Manager, Invesco MF.
Carlsberg files IPO papers for India unit
Carlsberg India Ltd, the Indian arm of Danish brewing major Carlsberg Group, has filed confidential papers with the Securities and Exchange Board of India (Sebi) for a proposed initial public offering (IPO), the company said on Thursday. The brewer submitted a confidential pre-filed draft red herring prospectus to Sebi on July 1, 2026, according to a company statement. The filing marks a significant step in Carlsberg India's plans to tap the Indian capital markets.
Ratnadeep Retail files IPO papers with Sebi
Organised food and grocery retailer Ratnadeep Retail has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹400 crore and an offer for sale (OFS) of nearly14.9 million equity shares by promoters, according to the draft red herring prospectus filed on Wednesday. The promoters who are offloading shares under the OFS are — Sandeep Agarwal, Manish Bhartiya, and Mitesh
Bhartiya.
SBI Funds’ $1.2 bn IPO to test demand
SBI Funds Management is set to launch its initial public offering (IPO), which could raise up to $1.2 billion, in the week starting July 13, according to people familiar with the matter, testing investor demand ahead of a busy pipeline of billion-dollar listings in India.
India’s largest asset manager plans to seek a valuation of ₹1.15 trillion ($12.1 billion) to ₹1.20 trillion, lower than the $14 billion to $15 billion planned previously, the sources said, asking not to be identified.
After a subdued first half, India’s primary market is gearing up for a wave of billion-dollar-plus offerings, with issuers including Mukesh Ambani’s Jio Platforms, the National Stock Exchange, and Manipal Health Enterprises expected to seek listings in the coming months. SBI Funds’ publicly traded peers — ICICI Prudential Asset Management and HDFC Asset Management — are valued at about $17.7 billion and $12.4 billion, respectively. BLoomberg
Coca-Cola said to seek bankers for $1 bn IPO
Coca-Cola has invited investment banks to pitch for roles on the planned initial public offering of its Indian bottling unit in a deal that could raise about $1 billion, according to sources.
The presentations are scheduled to take place in London next week, where Rothschild & Co, the company’s adviser on the transaction, will meet prospective banks for the proposed listing of Hindustan Coca-Cola Beverages, the people said. The Atlanta-based beverage maker is seeking a valuation of about $10 billion for its Indian bottling business, the people said. Talks are ongoing, and details including the size, valuation and structure of the IPO could still change, the people said.
Representatives for Coca-Cola and Rothschild & Co didn’t immediately respond to a request for comment. The IPO would add to a growing pipeline of multinational firms monetising their Indian businesses through public markets. Bloomberg