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Organised gold jewellery manufacturer and wholesale distributor Master Chains N Jewels Ltd has filed preliminary 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 worth up to Rs 400 crore and an Offer for Sale (OFS) of up to 59.06 lakh equity shares by promoter Taruna Madan Kothari, according to the draft red herring prospectus (DRHP) filed on Saturday. The proceeds from the fresh issue will be utilised towards funding the company's working capital requirements and for general corporate purposes. Master Chains N Jewels is engaged in the designing, manufacturing, job-work services and sale of a wide range of gold jewellery, including lightweight jewellery. It caters to customers across India through its wholesale distribution network and manufacturing capabilities. As of June 30, 2026, the company had a design database of around 80,666 jewellery designs. It operates two ...
Coming month is likely to witness an IPO rush with more than a dozen companies, including Zepto, Truhome Finance and logistics platform Shiprocket gearing up to launch their initial share-sale. The upcoming issues, expected to collectively raise over Rs 25,000 crore, include a mix of fresh equity issuances and offer for sale (OFS) component, merchant bankers said. "With markets stabilising and investor sentiment improving, companies that were waiting on the sidelines are now moving ahead with their IPO plans," said Bhavesh Shah, MD & Head-Investment Banking at Equirus Capital. Among the largest offerings, Zepto plans to raise up to Rs 8,010 crore through a fresh issue, along with an OFS of up to 11.34 crore equity shares. Housing finance company Truhome has proposed a Rs 3,000-crore IPO, comprising a fresh issue of up to Rs 1,500 crore and an OFS of an equal amount. Elevate Campuses intends to raise Rs 2,550 crore entirely through a fresh issue, while Shiprocket has filed for a Rs
The primary market will remain active next week, with four public issues, including the InvIT of Cube Highways Trust and the initial public offerings (IPOs) of Indo MIM, Lohia Corp and Xtranet Technologies, set to open for subscription. Cube Highways Trust will open its Rs 5,000-crore InvIT public issue on July 22 and close on July 24. The price band has been fixed at Rs 151-152 per unit, while anchor investor bidding will take place on July 21. The issue is a 100 per cent book-built offer for sale by existing unitholders as the trust transitions from a privately listed InvIT to a publicly listed platform. Ahead of the public issue, Cube Highways Trust raised Rs 1,250 crore from strategic investors through unit subscription agreements. The IPOs of Indo MIM, Lohia Corp and Xtranet Technologies will open on July 23 and close on July 27. Anchor investor bidding for the three mainboard issues are slated for July 22. Precision engineering components maker Indo MIM's IPO comprises a fre
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 .