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Initial Public Offerings
Bagmane Prime Office REIT, which is backed by Bengaluru-based realty firm Bagmane Group, has filed a draft paper with market regulator to launch its Initial Public Offering (IPO) to raise up to Rs 4,000 crore. The Real Estate Investment Trusts (REITs) are investment vehicles that own or operate income-generating real estate, enabling investors to earn a share of the income produced without directly purchasing the properties. At present, there are five listed REITs in India- Sattva Group and Blackstone-backed Knowledge Realty Trust (KRT), K Raheja Corp-backed Mindspace Business Parks REIT, Brookfield India Real Estate Trust, Embassy Office Parks REIT and Nexus Select Trust. According to a draft offer document filed with the SEBI, the IPO comprises fresh issue of units up to Rs 3,000 crore while the size of the Offer For Sale (OFS) would be up to Rs 1,000 crore. The net proceeds will be used to acquire Luxor at Bagmane Capital Tech Park (spanning one million sq ft) for Rs 1,775 crore
Mobile retail company SS Retail has filed preliminary papers with capital markets regulator Sebi to raise Rs 500 crore through its initial public offering (IPO). The company's maiden public offering will be a combination of fresh issue of shares worth Rs 300 crore, along with an offer for sale (OFS) of Rs 200 crore by promoters and other shareholders, according to the draft red herring prospectus (DRHP). As per the draft papers filed on Saturday, proceeds of the fresh issue will be used to fund capital expenditure for fit outs towards setting up of new stores in FY27 and FY28; working capital requirements; and general corporate purposes. SS Retail is a multi-brand retail chain for mobile phones, accessories and other electronic items, with operations in four states -- Maharashtra, Karnataka, Madhya Pradesh, and Goa with focus on tier-II and tier-III cities and beyond. As of March 31, 2025, the company operated 347 stores in India, of which 334 stores were in Maharashtra. On the .
As many as seven companies, including Yashoda Healthcare Services, Fusion CX and Orient Cables, have secured Sebi's approval to raise funds through initial public offerings (IPOs), data with the markets regulator showed on Tuesday. Other firms that received regulatory approvals are Turtlemint Fintech Solutions, RSB Retail India, SFC Environmental Technologies, and Lohia Corp. Together, these companies are expected to fetch over Rs 6,000 crore, market sources said. These seven companies approached Sebi between May and September, obtained its observations during December 8-12, the update showed. In Sebi's parlance, receiving observations is equivalent to its go-ahead to proceed with a public issue. In Yashoda Healthcare Services, the company filed draft papers with Sebi in September through a confidential route for raising funds through its maiden public offering. According to market sources, the IPO size is expected to be anywhere between Rs 3,000 and Rs 4,000 crore. Turtlemint F
Initial public offerings worth USD 20 billion per annum are the "new normal" for India and will become an annualised run rate over the next few years, one of the biggest investment bankers said on Tuesday. The market, which has seen a slew of initial share sales this fiscal, has already witnessed USD 21 billion of issuances in 2025, the same as last year, and we should close the year with over USD 23 billion, given the fact that some large issues like the Rs 10,000 offering from ICICI Prudential AMC are in process, said JP Morgan. "Yearly issuance of USD 20 billion is the new normal for India. It is the new watermark and will become an annualized run rate from here on," its head of equity capital markets, Abhinav Bharti, told reporters here. Bharti said nearly a fifth of the demand is getting driven by consumer technology and new age businesses, and the same will go above 30 per cent as well over the next five years. He said at least 20 startups, which command valuations in hundred