Page 12 - Initial Public Offering (ipo)

Wakefit to raise ₹468 crore via IPO; plans to expand Coco stores

Wakefit plans to raise Rs 468.2 crore via IPO, with a fresh issue and partial exit by promoters and investors as it expands store network and marketing efforts

Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr

Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prospectus (UDRHP) filed on Thursday. As part of the OFS route, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will sell shares worth Rs 950 crore and HDFC Bank Ltd will be offloading its stake in the company for Rs 1,050 crore. Also, the Mumbai-based Credila Financial Services is looking to raise about Rs 600 crore in a pre-IPO round. If the pre-IPO round takes place, the size of the fresh issue will reduce accordingly. The updated draft filing comes after Credila's confidential offer documents w

Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr

Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prospectus (UDRHP) filed on Thursday. As part of the OFS route, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will sell shares worth Rs 950 crore and HDFC Bank Ltd will be offloading its stake in the company for Rs 1,050 crore. Also, the Mumbai-based Credila Financial Services is looking to raise about Rs 600 crore in a pre-IPO round. If the pre-IPO round takes place, the size of the fresh issue will reduce accordingly. The updated draft filing comes after Credila's confidential offer documents w

HDB starts taking orders for one of India's biggest IPOs this year

The shares are being marketed from Wednesday at ₹700 to ₹740 each, valuing the company at as much as $7 billion

Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025

The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal

HDB Financial IPO pricing reflects investor feedback, say bankers

The IPO, which opens on June 25 and closes on June 27, has kept a price band of ₹700-740 per share

Health-tech sees IPO rush fueled by digitisation, govt ease, AI adoption

India's post-pandemic healthcare IPO landscape is evolving fast, with health-tech firms leading the charge as AI, digitisation and policy reforms attract fresh investor interest

Oswal Pumps IPO subscribed 1.6x; strong HNI demand ahead of close

Qualified investors subscribe 27 per cent, wealthy investors 4.5 times, and retail investors 1.1 times as Oswal Pumps IPO nears close with ₹416 crore anchor backing

Impact on biz no valid reason to set aside injunction: HC on trademark row

Delhi HC dismisses tech firm's plea claiming injunction, that restrained it from using the trademark "Newgen", hampers operations and IPO plans

ArisInfra Solutions Ltd sets IPO price band at Rs 210-222 per share

ArisInfra Solutions Ltd on Friday fixed a price band of Rs 210 to Rs 222 per share for its nearly Rs 500-crore Initial Public Offering (IPO). The initial share sale will open for a public subscription on June 18 and conclude on June 20, the company announced. The IPO is a completely fresh issue of equity shares worth Rs 499.6 crore with no Offer For Sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitising the procurement process for construction materials. Between April 1, 2021 and March 31, 2024, the comp

Rayzon Solar to file draft papers with Sebi for Rs 1,500 crore IPO

Solar panel manufacturer Rayzon Solar Ltd is planning to file its draft papers with markets regulator Sebi by the end of the month, as it prepares for about Rs 1,500-crore initial public offering (IPO), people familiar with the plan said on Friday. The Surat-based company has already roped in top investment banks to manage the public offering. According to the people familiar with the plan, the company is looking to raise funds through fresh issuance of equity shares and proceeds are expected to be used for for its expansion plans. An email to Rayzon Solar seeking confirmation of the draft papers filing and IPO details did not elicit a response. The company is considering to enter the public market at a time when the domestic solar manufacturing industry is gaining traction, driven by import curbs, and rising global interest in non-China supply chains. Founded in 2017, Rayzon Solar has emerged as one of the fastest-growing solar PV module manufacturers in the country. As per its .

JSW Cement begins roadshow ahead of next month's planned Mumbai IPO

JSW Cement could be joining a swelling pipeline of summer listings in India, where the central bank cut rates by a bigger-than-expected 50 basis points last week

Block deals, IPOs surge as investors race to tap India's booming market

The South Asian nation saw $6.4 billion raised through share sales in May, the highest monthly total since December 2024, according to data compiled by Bloomberg

Indian depository NSDL plans IPO for July, expects to raise $400 million

The listing of NSDL, the country's largest depositary in terms of assets under custody, is being managed by ICICI Securities Ltd., Axis Capital Ltd., HSBC Holdings Plc and IDBI Capital

Packaged foods firm Orkla India files DRHP for IPO, sees market growing

Orkla India, formerly MTR Foods, files DRHP with SEBI for IPO comprising 2.2 crore shares in a full OFS; company will not receive any proceeds from the sale

Packaged foods firm Orkla India files DRHP for IPO, sees market growing

Orkla India, formerly MTR Foods, files DRHP with SEBI for IPO comprising 2.2 crore shares in a full OFS; company will not receive any proceeds from the sale

Lalithaa Jewellery files draft papers with Sebi, to raise ₹1,700 cr via IPO

Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,700 crore through an Initial Public Offering (IPO). The Chennai-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 1,200 crore and an offer-for-sale of equities valued at Rs 500 crore by M Kiran Kumar Jain, according to the Draft Red Herring Prospectus (DRHP). The issue includes a reservation for a subscription by eligible employees, and a discount is being offered to such employees. As per the draft papers filed on Friday, proceeds from the fresh issue to the tune of Rs 1,014.50 crore will be used for setting up new stores, and a portion would be utilised for general corporate purposes. Lalithaa Jewellery Mart, which opened its first store in 1985 in T Nagar locality of Chennai, sells gold jewellery, silverware and diamond jewellery. It had 56 stores, out of which 22 are in Andhra Pradesh, 20 in Tamil Nadu, seven in ..

Lalithaa Jewellery files draft papers with Sebi, to raise ₹1,700 cr via IPO

Jewellery player Lalithaa Jewellery Mart has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,700 crore through an Initial Public Offering (IPO). The Chennai-based company's proposed IPO is a combination of a fresh issue of shares worth Rs 1,200 crore and an offer-for-sale of equities valued at Rs 500 crore by M Kiran Kumar Jain, according to the Draft Red Herring Prospectus (DRHP). The issue includes a reservation for a subscription by eligible employees, and a discount is being offered to such employees. As per the draft papers filed on Friday, proceeds from the fresh issue to the tune of Rs 1,014.50 crore will be used for setting up new stores, and a portion would be utilised for general corporate purposes. Lalithaa Jewellery Mart, which opened its first store in 1985 in T Nagar locality of Chennai, sells gold jewellery, silverware and diamond jewellery. It had 56 stores, out of which 22 are in Andhra Pradesh, 20 in Tamil Nadu, seven in ..

Demat accounts grow by 2.2 million in May, total hits 196.6 million

May snaps a four-month slide with 2.2 million new accounts, pushing the total towards 200 million

TReDS platform M1xchange eyes IPO in 3-5 years, aims ₹1.25 trn biz in FY25

M1xchage, a leading RBI-licensed Trade Receivables Discounting System (TReDS) platform, which is witnessing an 80-90 per cent annual growth in business, is planning to go public in the next 3-5 years. "Although the company has been profitable for the last two years, the initial public offering (IPO) is still a few years away. We would look at an IPO in 3-5 years, depending on market conditions," M1xchange Chief Executive Officer Sundeep Mohindru told PTI. M1xchage, which started operations in 2017, is aiming to close the financial year with a business of Rs 1.25 lakh crore. Factoring as a business is picking up very well as it is win-win for the banks, buyers and sellers, he said, adding that the business has been witnessing a growth of 80-90 per cent on an annual basis. During the current financial year, he said the business is expected to reach Rs 1.25 lakh crore. Last year, the volume was to the tune of Rs 78,000 crore as compared to Rs 43,000 crore in FY24. The platform is ...