Page 11 - Initial Public Offering Ipo
Duroflex to push ahead with IPO, eyes double-digit revenue growth
Duroflex, founded about six decades ago in the south Indian state of Kerala, receives 85 per cent of its revenue from mattresses
 "Duroflex to push ahead with IPO, eyes double-digit revenue growth")
Duroflex to push ahead with IPO, eyes double-digit revenue growth
Duroflex, founded about six decades ago in the south Indian state of Kerala, receives 85 per cent of its revenue from mattresses
Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes
The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares
 "Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes")
Canara HSBC Life Insurance files for IPO; Canara Bank, PNB to sell stakes
The insurance firm, which manages more than ₹40,000 crore ($4.7 billion) in assets, did not detail the size or timing of the IPO but said it will not issue fresh shares
Ather IPO sees 16% subscription, ABSL AMC Q4 profit up 10%, and more
On Friday, Ather allocated shares worth Rs 1,340 crore to anchor investors
 "Ather IPO sees 16% subscription, ABSL AMC Q4 profit up 10%, and more")
Street signs: Banking stocks run out of steam, Sebi's shift to e-office
The Securities and Exchange Board of India (Sebi), based in Mumbai's Bandra Kurla Complex, is set to overhaul its operations by adopting a fully digital 'e-office' system
 "Street signs: Banking stocks run out of steam, Sebi's shift to e-office")
Prestige Hospitality Ventures files DRHP to raise ₹2,700 cr through IPO
The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹1,700 cr and an offer for sale of shares worth up to ₹1,000 cr by the parent company, Prestige Estates Projects
 "Prestige Hospitality Ventures files DRHP to raise ₹2,700 cr through IPO")
Ather Energy garners Rs 1,340 cr from anchor investors ahead of IPO
Electric two-wheeler maker Ather Energy Ltd on Friday said it has mobilised Rs 1,340 crore from anchor investors days ahead of the launch of its initial share sale for public subscription. The Ather Energy IPO opens for public subscription on April 28. Some of the key anchor investors who were allocated shares include Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, Eastspring Investments, Morgan Stanley Investment Management and Societe Generale. PSBI Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Invesco MF, Aditya Birla Sun Life Insurance, ITI MF and Union MF are among the anchor investors. According to a circular uploaded on BSE's website, the electric two-wheeler maker has allotted 4.17 crore shares to 36 funds at Rs 321 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 1,340 crore. The Rs 2,981-crore public issue, with a price band of Rs 304 to Rs 321 a piece, will be available for pu
 "Ather Energy garners Rs 1,340 cr from anchor investors ahead of IPO")
IPO Alert! Prestige Hotel Ventures files draft papers with Sebi; details
Prestige Hotel Ventures has filed its draft papers with market regulator Sebi to raise funds via IPO
 "IPO Alert! Prestige Hotel Ventures files draft papers with Sebi; details")
Ather Energy sets IPO price band in range of ₹304 to ₹321 per share
The Tiger Global-backed company trimmed its IPO size on Tuesday to ₹2,626 crore ($308.3 million), down from its initial aim of raising ₹3,100 crore
From 96% holding to a sliver: How Gensol promoters made swift exit
Sebi order alleges misleading disclosures, fraudulent trades, fund diversions helped promoters offload their stake onto unsuspecting investors
 "From 96% holding to a sliver: How Gensol promoters made swift exit")
Flipkart ends WFH policy, asks staff to be in office 5 days a week
Company adopted remote work at the onset of Covid-19 in 2020, ends practice as it preps for IPO
 "Flipkart ends WFH policy, asks staff to be in office 5 days a week")
Waste-to-energy firm SAEL aims for public listing within next 12 months
SAEL, a firm that converts agricultural waste into clean energy, is gearing up for a public listing within the next 12 months, its CEO Laxit Awla said. The company is in the process of identifying merchant bankers to manage its maiden public issue. Speaking about the planned public issue, Awla told PTI that the proceeds from the IPO will be utilized to scale up SAEL's operations, with a focus on expanding its cell manufacturing capabilities, Independent Power Producer (IPP) business, and waste-to-energy initiatives. Awla highlighted that SAEL is the world's only 100 per cent paddy-based biomass waste-to-energy operator and the largest single industrial offtaker of paddy straw globally. Through its 11 biomass plants spread across Punjab, Haryana, and Rajasthan totalling 165MW of installed capacity, the company processes nearly 2 million tonne of agricultural waste annually, he said. This conversion results in clean and reliable green power, helping to combat air pollution, improve
 "Waste-to-energy firm SAEL aims for public listing within next 12 months")
Ahead of IPO, Zepto appoints Airtel's Akhil Gupta to company board
Currently, Zepto's board includes co-founders Aadit Palicha and Kaivalya Vohra, alongside Avra founder Anu Hariharan and Nexus Venture Partners co-founder and managing director Suvir Sujan
 "Ahead of IPO, Zepto appoints Airtel's Akhil Gupta to company board")
US tariffs: Global trade tensions hit IPO outlook for Indian tech startups
A wave of market uncertainty has tempered investor appetite, leading many firms to consider delaying their listings, according to industry sources and analysts
 "US tariffs: Global trade tensions hit IPO outlook for Indian tech startups")
Belrise Industries acquires H-One India to expand production capacity
IPO-bound auto components maker Belrise Industries on Friday announced the acquisition of the Indian arm of Japanese firm H-One Co. The move is aimed at expanding Belrise's design and manufacturing capabilities and strengthen its position as a supplier of chassis systems and body-in-white parts in the Indian automotive market, the company said. Belrise, however, did not disclose the deal size. H-One India, the Indian subsidiary of H-One Co, is involved in the design and manufacturing of high-tensile steel components and high-tensile tool development for two and four-wheelers. High-tensile steel components are crucial for light-weighting, enhancing vehicle safety, fuel efficiency, and overall performance. Through this acquisition, Belrise said it aims to enhance its production capacity and logistical efficiency by leveraging H-One India's two manufacturing facilities in North India and integrating the acquired company's core technological capabilities. H-One India's clientele incl
 "Belrise Industries acquires H-One India to expand production capacity")
Amazon-backed More Retail eyes IPO next year, plans to double store count
Mumbai-based More, known for its neighborhood supermarkets and fresh grocery offerings, operates one of the country's largest retail chains, with 775 stores as of its latest count
 "Amazon-backed More Retail eyes IPO next year, plans to double store count")
EV maker Ather considers cutting IPO size by $50 mn amid market chaos
Ather is still planning to go ahead with the IPO in the coming weeks despite the fresh volatility in global stock markets
EV maker Ather considers cutting IPO size by $50 mn amid market chaos
Ather is still planning to go ahead with the IPO in the coming weeks despite the fresh volatility in global stock markets
Market turmoil casts dark clouds over LG Electronics India, Ather IPOs
Both companies had planned to launch their offerings this month
 "Market turmoil casts dark clouds over LG Electronics India, Ather IPOs")
