IPOs

Generic drug maker Hindustan Laboratories and steel tubes and pipes manufacturer RK Steel Manufacturing Company have secured Sebi's approval to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Thursday. The two companies, which filed their preliminary IPO papers in September, obtained Sebi's observations on April 27. In Sebi's parlance, obtaining observations is equivalent to securing approval to float a public offering. Hindustan Laboratories' maiden public offering comprises a fresh issue of 50 lakh shares, along with an offer for sale (OFS) of 91 lakh shares by the promoter, according to the draft red herring prospectus (DRHP). The company proposes to utilise IPO proceeds for funding the working capital requirements and general corporate purposes. Hindustan Laboratories is an Indian pharmaceutical company primarily engaged in the large-scale manufacturing and supply of generic medicines to government institutions under a ...

Blackstone-backed REIT targets sustained NOI growth and distributions, supported by a strong ROFO pipeline, low leverage, and continued demand from GCC tenants

Kissht-parent OnEMI Technology has set the price band in the range of ₹162 to ₹171, with a lot size of 87 shares

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap ended 0.07 per cent down, and the Nifty SmallCap settled 0.65 per cent higher

The listing could value Airtel Money at as much as $10 billion, the people said, a valuation that would put it among the largest IPOs on a European exchange in recent years

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.28 per cent and 0.42 per cent higher, respectively

Adda247 eyes IPO in 12-18 months, focusing on profitability and skilling expansion as it prepares for public market debut

Digital lending platform OnEMI sets ₹162-171 price band for ₹926-crore IPO, comprising fresh issue and OFS, with subscription opening April 30 and closing May 5

Sensex Today | Stock Market Highlights, Monday: In the Nifty MidCap and the Nifty SmallCap indices ended 1.47 per cent and 1.90 per cent higher, respectively

OnEMI Technology Solutions has set the price band in the range of ₹162 to ₹171 per share

Sensex Today | Stock Market LIVE Updates, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.96 per cent and 0.87 per cent down, respectively

Amba Auto Sales & Services operates as an authorised dealer of Bajaj Auto and LG Electronics India under the brand names Amba Bajaj and Amba LG Best Shop, respectively

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.41 and 0.67 per cent down, respectively

French spirits major Pernod Ricard on Tuesday said that no decision has been made on the listing of its Indian subsidiary, although it continues to explore options to create shareholder value. The company, which owns popular brands such as Absolute, Chivas Regal, and Glenlivet, said, "At this stage, no decision has been made regarding any particular action or involving any of these options." However, it also said it regularly "assesses and evaluates" its strategic opportunities and is continuously exploring options to create value for its shareholders, including optimising its capital structure. Its local subsidiary, Pernod Ricard India (PRI), is the leading Indian alchoBev player with a revenue of Rs 27,446 crore for FY2024-25. It has grown at a high single-digit CAGR of 8 per cent over the last five years. PRI has recently divested its Imperial Blue business to home-grown Tilaknagar Industries. Now, PRI's Segram profile consists of the brands Royal Stag, Blenders Pride, 100 Piper

Sensex Today | Stock Market Highlights, Tuesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.49 per cent and 0.88 per cent higher, respectively

Adisoft Technologies IPO has been priced in the range of ₹163 to ₹172 per share, with a minimum lot size of 800 shares

Leapfrog Engineering IPO is being offered at a price band of ₹21 to ₹23 per share, with a lot size of 6,000 shares

Sensex Today | Stock Market Highlights, Monday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.18 per cent and 0.45 per cent down, respectively

Avaada Electro, the solar manufacturing arm of the Brookfield-backed Avaada Group, has secured approval from Sebi to raise an estimated Rs 9,000-10,000 crore through an initial public offering (IPO), an update with the regulator showed on Friday. Besides Avaada Electro, textile firm Sonaselection India and Chennai-based Grand Housing have also received Sebi's approval to float their maiden public issues. According to the update, the three companies received the regulator's observations between April 15 and April 17. In Sebi parlance, issuance of observations implies its go-ahead to launch public offerings. Avaada Electro had filed its preliminary IPO papers with Sebi in October through the confidential route. The proposed IPO is expected to comprise a combination of a fresh issue of shares and an offer for sale (OFS) by existing shareholders. According to people familiar with the development, the company is targeting to raise Rs 9,000-10,000 crore, which could value it in the rang

Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 1.27 per cent and 1.48 per cent higher, respectively