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Initial Public Offerings
AI-powered customer experience solutions provider Fusion CX Ltd on Friday fixed the price band of Rs 275-289 per share for its Rs 702 crore Initial Public Offering (IPO), which will open for subscription on October 14. At the upper end of the price band, Fusion CX is expected to command a post-issue market capitalisation of over Rs 4,170 crore. The three-day public issue will close on October 16, while bidding by anchor investors is scheduled for October 13, according to a public announcement. The IPO comprises a fresh issue of equity shares worth up to Rs 500 crore and an Offer For Sale (OFS) of shares aggregating up to Rs 202 crore by existing shareholders, P N S Business Pvt Ltd and Rasish Consultants Pvt Ltd. The company had initially planned to raise up to Rs 1,000 crore through its IPO, according to its draft red herring prospectus filed with Sebi in May 2025. However, the proposed issue size has since been reduced to Rs 702 crore. Fusion CX proposes to utilise Rs 275 crore
Swara Baby Products, a contract manufacturer of baby diapers, adult diapers and feminine hygiene products backed by FirstCry, received Sebi's approval on Tuesday to proceed with its proposed Rs 1,000 crore Initial Public Offering (IPO), an update with the regulator showed. The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) valued at Rs 500 crore by promoters, according to the draft red herring prospectus (DRHP). The OFS includes the sale of shares worth up to Rs 300 crore by Brainbees Solutions Ltd and up to Rs 200 crore by Anadya Bon Merchari LLP. The company filed its preliminary IPO papers on July 2 with the Securities and Exchange Board of India (Sebi) and obtained the regulator's final observation on October 6. The Sebi observations mark an important step in the IPO process, allowing companies to proceed with preparations for their public issues, subject to applicable regulatory requirements. As per the draft .
EverBrands India Ltd, which operates Subway restaurants, has filed draft papers with markets regulator Sebi to raise Rs 600 crore through an initial public offering. The IPO is entirely a fresh issue of equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Of the proceeds, the company plans to use Rs 125 crore of the proceeds to repay or pre-pay borrowings of its wholly-owned subsidiary Culinary Brands India and Rs 326.85 crore to fund the setting up of new Subway stores under the company-owned-company-operated (COCO) format. Also, the remaining proceeds will be utilised for general corporate purposes. EverBrands India, formerly known as Culinary Brands Pvt Ltd, is a multi-brand food and beverages platform comprising Subway, Lavazza, Dilmah and its own Fresh & Honest brand. In the quick service restaurant (QSR) segment, the company holds master franchisee rights for Subway restaurants across India, Sri Lanka and Bangladesh. As of March 31, 2026, ..
India's primary market is witnessing an unprecedented boom, with the mainboard IPO pipeline hitting a staggering Rs 3.86 lakh crore-- nearly 3.5 times the Rs 1.10 lakh crore raised through 84 issues in 2026 so far-- indicating companies' growing appetite to tap public markets, according to the industry body Association of Investment Bankers of India (AIBI). The pipeline includes around 130 companies that have received approval from market regulator Securities and Exchange Board of India (Sebi), while another 75 companies have filed their Draft Red Herring Prospectuses (DRHPs) and are awaiting regulatory approval, AIBI said in its mid-term white paper. Of the total pipeline, companies that have received Sebi approval account for around Rs 2.43 lakh crore, while those awaiting approval represent another Rs 1.44 lakh crore, AIBI Chairman Mahavir Lunawat said. The report, titled India Capital Markets: Navigating Geopolitics, Capital & Growth, said theprimary market is moving beyond an
Pioneer Fil-Med, Tonbo Imaging India and Functional & Innovative Foods have secured approval from capital markets regulator Sebi for their proposed initial public offerings (IPOs), paving the way for the three companies to proceed with their public issue plans. The draft offer documents of the three companies were received by Sebi between April and August. After reviewing the documents, the regulator gave its observations during September 21-25, an update with the markets watchdog showed on Monday. The regulator's observations are a key regulatory step that enables companies to proceed with their IPOs, subject to applicable laws and other requirements. Railway components maker Pioneer Fil-Med's proposed Rs 500 crore IPO comprises a fresh issue of equity shares worth Rs 250 crore and an Offer for Sale (OFS) of shares worth Rs 250 crore, according to its draft papers. The OFS will comprise stake sales by promoter Pioneer Facor IT Infradevelopers and promoter group entity Aztech ...
Nine companies, including Trans ACNR Solutions and Maharashtra Oil Extractions have filed preliminary papers with markets regulator Sebi for IPOs, joining a growing list of firms tapping the primary market to raise capital for expansion, debt repayment and other corporate requirements. Trans ACNR Solutions has filed its preliminary papers through the confidential pre-filing route, while the other eight firms -- Maharashtra Oil Extractions, Jagatjit Agri Engineering, Jai Parvati Forge, Koolking Industries India, Sai Infinium, SG Encon, Mount Everest Breweries and Ultravibrant Integrated Energy -- have filed standard public draft documents with Sebi. The filings were made between September 21 and September 26. The proposed initial public offerings (IPOs) are aimed at raising funds for a range of purposes, including business expansion, working capital requirements, repayment of debt and general corporate purposes. Under the confidential pre-filing mechanism, companies can submit draft
Cars24 expects to be eligible to file its draft red herring prospectus (DRHP) by April after completing its reverse flip from Singapore to India, a process that could take six to nine months, its CFO Shivanshu Makkar said. In an interview with PTI, Makkar said Cars24, which was incorporated in Singapore in 2015, has received approval for the reverse flip and will file papers for its IPO in India. "On the IPO, we are a Singapore-based entity. We had set up back in 2015 in Singapore. So, we are re-domiciling right now. It's a reverse flip process, like the process that Flipkart and Myntra did. "We have gotten our approval from Singapore, and we are filing in India. This will take anywhere between six to nine months. After the day we become an Indian entity is when we can file the DRHP. So, by April, we would be eligible to file a DRHP. From there, it takes about three to four months for Sebi approvals, pricing, book-building and all. So, that's the kind of timeline I'm looking at righ
J Infratech Ltd, an integrated infrastructure engineering, procurement and construction (EPC) firm, has filed preliminary papers with the market regulator Sebi for an initial public offering (IPO) comprising a fresh issue of shares worth Rs 600 crore. Apart from the fresh issue, the company's proposed IPO comprises an offer for sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Friday. The Haryana-based company may also consider a pre-IPO placement of up to Rs 120 crore. In case the placement is completed, the size of the fresh issue will be reduced accordingly. The proceeds from the IPO will primarily be utilised to meet working capital requirements, repay or pre-pay certain borrowings and for general corporate purposes. J Infratech is an integrated infrastructure engineering, procurement and construction (EPC) company focused on roads, highways and bridges, with experience in executing large-scale road development proje
Orient Cables (India) Ltd on Tuesday announced a price band of Rs 258-272 per share for its Rs 552-crore IPO, as the networking cables and passive networking equipment maker gears up to tap the primary market. The issue will open for public subscription on September 25 and close on September 29, according to a public announcement. The IPO comprises a fresh issue of equity shares worth up to Rs 320 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 232 crore. Proceeds of the fresh issue will be used for capital expenditure towards purchase of machinery, equipment and civil works at its manufacturing facilities; repayment or partial prepayment of certain borrowings. A portion will also be used for general corporate purposes. Earlier, the company had filed preliminary papers with Sebi to raise Rs 700 crore through IPO, comprising a fresh issue of Rs 320 crore and an OFS of Rs 380 crore. The revised IPO size is therefore lower by Rs 148 crore, with the entire reduction ..