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Agri-inputs maker SML Ltd, formerly known as Sulphur India Limited, is evaluating a stock market listing within the next two to three years as it looks to fund the development of new chemical entities (NCEs), Managing Director Bimal Shah said. "We have not completely decided - we are also evaluating it," Shah said in an interview to PTI, adding that the debt-free company expects greater clarity on the timeline within the next one to two years. Mumbai-based SML Ltd said it is among a handful of Indian companies developing NCEs - proprietary new molecules rather than generic formulations - with one new molecule expected to reach the market soon and others in the pipeline. "We are working on NCEs, new chemical entity in the last three years. We have a new molecule coming up very soon. ... NCE is a very important focus for us. Of course, this requires a lot of investment," he said. Bringing a single NCE to market can cost USD 70 million-USD 80 million, Shah said, and the company has so
Agri-inputs maker SML Ltd, formerly known as Sulphur India Limited, is evaluating a stock market listing within the next two to three years as it looks to fund the development of new chemical entities (NCEs), Managing Director Bimal Shah said. "We have not completely decided - we are also evaluating it," Shah said in an interview to PTI, adding that the debt-free company expects greater clarity on the timeline within the next one to two years. Mumbai-based SML Ltd said it is among a handful of Indian companies developing NCEs - proprietary new molecules rather than generic formulations - with one new molecule expected to reach the market soon and others in the pipeline. "We are working on NCEs, new chemical entity in the last three years. We have a new molecule coming up very soon. ... NCE is a very important focus for us. Of course, this requires a lot of investment," he said. Bringing a single NCE to market can cost USD 70 million-USD 80 million, Shah said, and the company has so
Textile company Sonaselection India Ltd on Thursday fixed a price band of Rs94-99 per equity share for its upcoming Rs 141.6-crore initial public offering. The company's maiden public offer is scheduled to open on September 17and conclude on September 21.The bidding for anchor investors will take place on September 16. The Bhilwara-headquartered company's IPO will comprise a fresh issue of 1.43 crore equity shares worth Rs 141.57 crore at the higher end, with no offer for sale (OFS) component,according to a statement. Proceeds from the IPO will be used for debt payment, purchasing plant and machinery at the company's manufacturing facility and general corporate purposes. Founded in 2022, Sonaselection India is an integrated fabric manufacturing and processing company, with the core operations housed at its manufacturing facility atBhilwara in Rajasthan. Bhilwara is widely recognised as a major hub for textile processing and manufacturing, providing the company access to skilled ..
Textile company Sonaselection India Ltd on Thursday fixed a price band of Rs94-99 per equity share for its upcoming Rs 141.6-crore initial public offering. The company's maiden public offer is scheduled to open on September 17and conclude on September 21.The bidding for anchor investors will take place on September 16. The Bhilwara-headquartered company's IPO will comprise a fresh issue of 1.43 crore equity shares worth Rs 141.57 crore at the higher end, with no offer for sale (OFS) component,according to a statement. Proceeds from the IPO will be used for debt payment, purchasing plant and machinery at the company's manufacturing facility and general corporate purposes. Founded in 2022, Sonaselection India is an integrated fabric manufacturing and processing company, with the core operations housed at its manufacturing facility atBhilwara in Rajasthan. Bhilwara is widely recognised as a major hub for textile processing and manufacturing, providing the company access to skilled ..
The primary market is poised for another action-packed week, with 11 main-board companies, including Rentomojo, Karamtara Engineering and Kanohar Electricals, set to raise Rs 7,055 crore through initial public offerings (IPOs). The IPOs are scheduled to hit the market between September 7 and September 15, with most of the issues opening for subscription on Tuesday and Wednesday. "This multi-issue rush reflects an eagerness to lock in early-stage growth equity in young companies as all these companies are below USD 1 billion market cap at listing," Rajkumar Rathi, Chief Investment Officer at YES Securities, said. The companies tapping the primary market include real estate developers, engineering and manufacturing firms, a payments and identity solutions provider, a specialty chemicals manufacturer and an online rental platform. Of Rs 7,055 crore, Rs 2,722 crore (39 per cent) is primary capital issuance, where funds go into the company, and Rs 4,333 crore (61 per cent) is a secondar
Packaged spices company Pushp Brand (India) has received approval from Sebi to float an initial public offering (IPO), the markets regulator said on Thursday. The IPO is an Offer for Sale of up to 74.45 lakh equity shares by existing shareholders. The company, which filed preliminary IPO papers in June, obtained 'final observation' from the regulator on August 27, the update showed. The receipt of Sebi observation is a key step in the IPO process, following which the company can proceed with further preparations for the public issue, subject to applicable regulatory requirements. The OFS will include shares held by promoters Surendra Kumar Surana and Mahendra Kumar Surana, as well as investor shareholders A91 Emerging Fund I LLP and Sixth Sense India Opportunities III. A91 Emerging Fund I, which invested about Rs 125 crore in the company in 2020, holds a 20.14 per cent stake and will sell only part of its holding. Sixth Sense India Opportunities III, which invested around Rs 101
MSM Unify, the global platform connecting students, recruitment partners, and universities across markets on six continents, on Monday announced the appointment of Rishi Kapoor as Chief Financial Officer. The appointment comes as the company advances its plans for a potential Initial Public Offering (IPO) on Indian stock exchanges, paired with an international listing, targeted for fiscal year 2028. In his new role, Kapoor will oversee financial strategy, fundraising, investor relations, and financial operations across MSM Unify's global markets, including North America, Europe, MENA (Middle East and North Africa), India, Africa, and Australia. He will also lead the company's IPO readiness in India and its broader dual-listing strategy across Indian and international markets. Kapoor brings more than two decades of finance leadership experience across edtech, IT, pharmaceuticals, and supply chain businesses. Over the course of his career, he has led the raising of more than USD 135
MSM Unify, the global platform connecting students, recruitment partners, and universities across markets on six continents, on Monday announced the appointment of Rishi Kapoor as Chief Financial Officer. The appointment comes as the company advances its plans for a potential Initial Public Offering (IPO) on Indian stock exchanges, paired with an international listing, targeted for fiscal year 2028. In his new role, Kapoor will oversee financial strategy, fundraising, investor relations, and financial operations across MSM Unify's global markets, including North America, Europe, MENA (Middle East and North Africa), India, Africa, and Australia. He will also lead the company's IPO readiness in India and its broader dual-listing strategy across Indian and international markets. Kapoor brings more than two decades of finance leadership experience across edtech, IT, pharmaceuticals, and supply chain businesses. Over the course of his career, he has led the raising of more than USD 135
Priority Jewels Ltd is gearing up to launch its Initial Public Offering (IPO) on August 28, with a price band of Rs 190-200 per share. The three-day public issue will close on September 1, while bidding by anchor investors will take place on August 27, according to an announcement by the company. The IPO comprises a fresh issue of up to 45.75 lakh equity shares, aggregating to Rs 86.93 crore at the lower end and Rs 91.50 crore at the upper end of the price band. At the upper price band, the post-issue implied market capitalisation of the company is estimated at around Rs 360 crore. Proceeds from the public issue will be used for debt payment and general corporate purposes. Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery. Qualified institutional buyers (QIBs) have been allocated 50 per cent of the offer, while 15 per cent has been reserved for Non-Institutional Inve
Priority Jewels Ltd is gearing up to launch its Initial Public Offering (IPO) on August 28, with a price band of Rs 190-200 per share. The three-day public issue will close on September 1, while bidding by anchor investors will take place on August 27, according to an announcement by the company. The IPO comprises a fresh issue of up to 45.75 lakh equity shares, aggregating to Rs 86.93 crore at the lower end and Rs 91.50 crore at the upper end of the price band. At the upper price band, the post-issue implied market capitalisation of the company is estimated at around Rs 360 crore. Proceeds from the public issue will be used for debt payment and general corporate purposes. Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery. Qualified institutional buyers (QIBs) have been allocated 50 per cent of the offer, while 15 per cent has been reserved for Non-Institutional Inve
Rays of Belief Ltd, which operates under the Mom's Belief brand, is set to launch its Initial Public Offering (IPO) on September 1, with a price band of Rs 227-239 per share. The post-issue implied market capitalisation of the company is estimated at Rs 474-500 crore, based on the price band. The three-day public issue will close on September 3, while bidding by anchor investors will take place on August 31, according to the company's announcement on Monday. The IPO comprises a fresh issue of up to 52.30 lakh equity shares worth Rs 125 crore at the upper end of the price band. The issue proceeds will be used to fund the company's expansion plans, including setting up 319 new centres between fiscal 2027 and fiscal 2029. Also, funds will be allocated towards capital expenditure, including centre fit-outs, therapy-material inventory and technology hardware. Rays of Belief is a for-profit social enterprise providing personalised intervention plans for children with neurodevelopmental
Rays of Belief Ltd, which operates under the Mom's Belief brand, is set to launch its Initial Public Offering (IPO) on September 1, with a price band of Rs 227-239 per share. The post-issue implied market capitalisation of the company is estimated at Rs 474-500 crore, based on the price band. The three-day public issue will close on September 3, while bidding by anchor investors will take place on August 31, according to the company's announcement on Monday. The IPO comprises a fresh issue of up to 52.30 lakh equity shares worth Rs 125 crore at the upper end of the price band. The issue proceeds will be used to fund the company's expansion plans, including setting up 319 new centres between fiscal 2027 and fiscal 2029. Also, funds will be allocated towards capital expenditure, including centre fit-outs, therapy-material inventory and technology hardware. Rays of Belief is a for-profit social enterprise providing personalised intervention plans for children with neurodevelopmental
Pride Hotels is looking to launch its initial public offering (IPO) by December, with the issue size expected to be around Rs 1,000 crore, as the hospitality chain accelerates expansion across leisure, wedding and corporate events and pilgrimage destinations, CEO Satyen Jain said. "We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. "Our focus is on four segments -- going deep in the markets where we are already present, targeting large wedding and MICE (Meeting, Incentive, Conference and Exhibition) hotels, entering new leisure destinations and expanding in pilgrimage," Jain said. Among these, pilgrimage destinations are ..