According to the statement, the company allotted just over 1.91 million shares, worth ₹21 crore, to anchor investors at an issue price of ₹111 per share
"We have initiated the IPO process and talks with three merchant bankers. We will soon select a merchant banker to proceed with the process," he said
With this, the Kolkata-based company is targeting a valuation of Rs 5,500-6,500 crore
Proceeds from the fresh issue will be deployed for funding capital expenditure requirements, repayment or prepayment of borrowings, and general corporate purposes
The Bhubaneswar-based company's proposed IPO comprises entirely a fresh issue of 1.29 crore equity shares, with no offer-for-sale (OFS) component
Funds raised through the fresh issue will be utilised towards funding business expansion, working capital requirements, and general corporate purposes
37% close below issue price in debut trade in 2025 so far, against 9% last year
Tata Capital filed its red herring prospectus with Sebi for an IPO opening October 6 and closing October 8, with anchor investor subscriptions beginning October 3
IPO Calendar: The SME segment is expected to be even more vibrant, with 16 IPOs slated to launch and an equal number, 16 companies, scheduled to list on the SME platforms of the stock exchanges
Through its maiden share sale, the Hyderabad-based company aims to raise ₹202.5 crore from the fresh issue of equity shares
Epack Prefab Technologies continue to trade with marginal gains in the grey market on the final day of its IPO subscription
Curefoods allots 12.8 million equity shares at Rs 124 each to Binny Bansal's 3State Ventures in a pre-IPO placement, ahead of its Rs 800 crore fresh issue and OFS under SEBI norms
Anand Rathi Share IPO allotment status: Investors can check their status on the official websites of the NSE, BSE and MUFG Intime India
Seshaasai Technologies IPO allotment today: Here's how investors can check their share allotment status online
Pace Digitek IPO: The company raised ₹245.14 crore from 15 global and domestic institutional investors through the anchor book
Investors who have applied for the Solarworld Energy Solutions IPO can check the share allotment status on the official BSE or NSE websites, or on the website of MUFG Intime India
Most of the activity has been in the small-cap space, with average mainboard deal sizes at around ₹530 crore, even as larger companies have preferred to play the waiting game
Tata Capital is set to launch its IPO in October to raise Rs 16,500-17,500 crore, providing growth capital for 2-3 years as Tata group stake declines to 86.5% post issue
PhysicsWallah will use ₹460.55 crore from IPO proceeds to set up Vidyapeeth, Pathshala and Other Centers across India and select overseas markets to expand offline reach
Advance Agrolife IPO will open for subscription on Tuesday, September 30, 2025, and close on Friday, October 3, 2025