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Cube Highways Trust is planning to launch its Rs 5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the .
Cube Highways Trust is planning to launch its Rs 5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the .
Kolkata-based Laser Power & Infra Ltd (LPIL), an integrated manufacturer of power cables, conductors and specialised products for the power transmission and distribution industry, will launch its Rs 742 crore initial public offering (IPO) on July 9. The issue will close on July 13, according to its red herring prospectus. The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of shares aggregating up to Rs 200 crore by promoter selling shareholders, according to filings. Net proceeds from the fresh issue will be utilised towards repayment or prepayment of borrowings amounting to Rs 490 crore and for general corporate purposes. LPIL operates three manufacturing units in West Bengal with a combined installed capacity of 85,448 MT. The company reported revenue of Rs 2,326 crore and net profit of Rs 151 crore in FY26. Its order book stood at Rs 3,243 crore as of March 31, 2026. The firm, which also has an EPC division, is a licensed stranding .
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National
Goa-based Latambarcem Brewers (LB Brewers), which owns craft beer MakaDi and functional beverage drink 'Borecha', plans to cross the Rs 500 crore revenue mark in the next 4-5 years and also has listing plans in the mid-term to fund its expansion plans, said a company official. The company, which started its journey from a home-brewing experiment at a US apartment, has evolved into a fast-growing beverage business in India, and has plans to cross Rs 60 crore this fiscal from nearly Rs 24 crore in the previous year, driven by rapid expansion across Indian states and overseas markets, said its Chief Growth Officer Sarika Varshnei. LB Brewers has a pan-India presence of Borecha, while its beer brand 'MakaDi', which has presence in 10 states, is expected to become profitable this fiscal. "In the next five years, we expect to cross the Rs 500-crore revenue mark, and potentially exceed it. I am probably being conservative in that estimate. I am not a finance person; my focus has always bee
Goa-based Latambarcem Brewers (LB Brewers), which owns craft beer MakaDi and functional beverage drink 'Borecha', plans to cross the Rs 500 crore revenue mark in the next 4-5 years and also has listing plans in the mid-term to fund its expansion plans, said a company official. The company, which started its journey from a home-brewing experiment at a US apartment, has evolved into a fast-growing beverage business in India, and has plans to cross Rs 60 crore this fiscal from nearly Rs 24 crore in the previous year, driven by rapid expansion across Indian states and overseas markets, said its Chief Growth Officer Sarika Varshnei. LB Brewers has a pan-India presence of Borecha, while its beer brand 'MakaDi', which has presence in 10 states, is expected to become profitable this fiscal. "In the next five years, we expect to cross the Rs 500-crore revenue mark, and potentially exceed it. I am probably being conservative in that estimate. I am not a finance person; my focus has always bee
The long-awaited initial public offering (IPO) of the National Stock Exchange (NSE) is set to move a step closer, with the country's largest stock exchange expected to file its preliminary papers with Sebi next week, people aware of the matter said. This comes after NSE's board approved the proposed IPO on February 6, following receipt of Sebi's no-objection certificate (NOC). The public issue will be entirely an offer for sale (OFS), with no fresh issue component. According to people familiar with the development, the draft red herring prospectus (DRHP) is likely to be filed on June 15 or June 16. The exchange has a broad-based shareholder base comprising domestic financial institutions, insurance companies, foreign investors and individual shareholders. Life Insurance Corporation of India (LIC) is the single largest shareholder in NSE, holding a 10.72 per cent stake. State Bank of India (SBI) and its subsidiary, SBI Capital Markets, together own around a 7.5 per cent stake in t