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Initial Public Offering (IPO)
Reliance Industries' planned listing of its digital arm Jio Platforms could be delayed to the second half of fiscal 2027 due to geopolitical tensions in the Middle East, CreditSights said on Wednesday. In its commentary on FY26 earnings of India's most valuable company, CreditSights said the management in the earnings call shared that "the Jio IPO was imminent." Earlier market rumors reported that the IPO could come as early as May, with Reliance looking to shed 2.5-3 per cent stake from its existing 67 per cent stake in Jio for close to USD 4 billion (Rs 37,500 crore). "We believe the Mideast conflict may delay Jio's IPO towards the second half of the year," CreditSights, part of the Fitch Group, said. "A Jio IPO will raise cash for debt repayment and capex, and improve Jio's competitiveness against rivals Bharti and Vodafone Idea." Reliance reported 2025-26 (FY26) revenue and EBITDA growth of 10 per cent and 8 per cent year-on-year, respectively, with retail and telecom continuin
As many as 38 companies, including SBI Funds Management and Manipal Health Enterprises, filed preliminary IPO papers with Sebi in March 2026, signalling improving issuer sentiment even as regulatory timelines contributed to the surge. This marks a sharp jump from 22 filings in March 2025 and 16 in March 2024, data from the Securities and Exchange Board of India (Sebi) showed, indicating a stronger pipeline of public issues. The momentum is expected to continue, with several high-profile companies, including the National Stock Exchange (NSE) and Reliance Industries' telecom arm Jio, preparing to submit their draft papers in the coming weeks, according to merchant banking sources. In addition, Singapore-based Sembcorp Industries' Indian renewable energy arm, Sweden-based Modern Times Group's subsidiary PlaySimple, TPG-backed online lending platform Fibe and Tiger Global-backed BatterySmart are also likely to file DRHPs soon, they added. Of the 38 companies that filed their draft pape
As many as 38 companies, including SBI Funds Management and Manipal Health Enterprises, filed preliminary IPO papers with Sebi in March 2026, signalling improving issuer sentiment even as regulatory timelines contributed to the surge. This marks a sharp jump from 22 filings in March 2025 and 16 in March 2024, data from the Securities and Exchange Board of India (Sebi) showed, indicating a stronger pipeline of public issues. The momentum is expected to continue, with several high-profile companies, including the National Stock Exchange (NSE) and Reliance Industries' telecom arm Jio, preparing to submit their draft papers in the coming weeks, according to merchant banking sources. In addition, Singapore-based Sembcorp Industries' Indian renewable energy arm, Sweden-based Modern Times Group's subsidiary PlaySimple, TPG-backed online lending platform Fibe and Tiger Global-backed BatterySmart are also likely to file DRHPs soon, they added. Of the 38 companies that filed their draft pape
Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed preliminary papers with markets regulator Sebi through the confidential route to float an initial public offering (IPO). The company has opted for the confidential pre-filing route, which allows it to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed. Companies increasingly prefer this route because it offers more flexibility in IPO preparations and allows them to respond to market conditions before a public filing. In a stock exchange filing on Tuesday, AvenuesAI said, "Rediff.com India Ltd, a subsidiary of AvenuesAI Ltd, has filed the Pre-Filed Draft Red Herring Prospectus (Pre-DRHP) with the Sebi, the BSE Ltd and the National Stock Exchange of India Ltd in relation to the proposed initial public offering of its equity shares...on the main board". AvenuesAI, formerly known as Infibeam Avenues, is a multinational financial ...
Consumer electronics retailer Sathya Agencies Ltd has filed preliminary papers with markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating to Rs 300 crore and an offer for sale (OFS) of equity shares worth Rs 300 crore by promoters, taking the total offer size to Rs 600 crore, according to the draft red herring prospectus (DRHP) filed on Monday. The OFS includes the sale of shares by promoters -- Johnson Asaria, J John Sathya and Charles Packiaraj. Each of them will offload equity shares valued at Rs 100 crore. The Tamil Nadu-based company proposes to utilise the proceeds from the fresh issue towards repayment or prepayment of certain borrowings, payment of partial purchase consideration for the acquisition of its subsidiary Unilet Appliances Private Limited, and for general corporate purposes. Also, the company expects that listing of its equity shares will enhance its visibility