Page 14 - Initial Public Offering Ipo

Tata Capital plans to raise $750 mn via ECBs under $2 bn MTN programme

The fundraising comes as the company prepares for an initial public offering (IPO), expected by September, pending shareholder approval

Oyo speeds up IPO plans as Ritesh Agarwal's debt repayment date looms

Creditors, including Mizuho Financial Group Inc insist that founder Ritesh Agarwal pay off the dues for $383 million he borrowed

Mumbai-based Pranav Constructions files DRHP for Rs 392 crore IPO

OFS includes 28,56,869 equity shares by the promoter and investors

Meir Commodities files draft papers with Sebi to raise funds through IPO

Meir Commodities India Ltd has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public Offering (IPO). The Mumbai-based company's proposed IPO is a mix of fresh issues 52.94 lakh shares and an offer-for-sale (OFS) of 35.29 lakh shares by promoter Rahil Irfan Iqbal Shaikh, according to the draft red herring prospectus (DRHP) filed on Thursday. Proceeds from the fresh issue to the extent of Rs 48.75 crore will be used for funding working capital requirements and general corporate purposes. Incorporated in 2018, Mier Commodities India is engaged in B2B trading of agricultural commodities, primarily sugar, khandsari, and sugar allied products. Operating as an intermediary, the company connects sugar mills and distributors, ensuring seamless supply chain management. Its diverse product portfolio includes sugar, rice, pulses, spices, and other agricultural commodities, with a strong presence in both domestic and international ...

Meir Commodities files draft papers with Sebi to raise funds through IPO

Meir Commodities India Ltd has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public Offering (IPO). The Mumbai-based company's proposed IPO is a mix of fresh issues 52.94 lakh shares and an offer-for-sale (OFS) of 35.29 lakh shares by promoter Rahil Irfan Iqbal Shaikh, according to the draft red herring prospectus (DRHP) filed on Thursday. Proceeds from the fresh issue to the extent of Rs 48.75 crore will be used for funding working capital requirements and general corporate purposes. Incorporated in 2018, Mier Commodities India is engaged in B2B trading of agricultural commodities, primarily sugar, khandsari, and sugar allied products. Operating as an intermediary, the company connects sugar mills and distributors, ensuring seamless supply chain management. Its diverse product portfolio includes sugar, rice, pulses, spices, and other agricultural commodities, with a strong presence in both domestic and international ...

Markets Today: GIFT Nifty; Trump tariffs; Q3 GDP; Swasth, HP Telecom IPOs

Stock Market Today: At 6:50 AM, GIFT Nifty Futures were down 148 points at 22,536, hinting at a gap-down start

Markets Today: Trump tariffs; FIIs; Nifty50 expiry, Beezaasan IPO allotment

As of 6:40 AM, GIFT Nifty Futures were down merely 5 points at 22,578, hinting at a flat start

Tata Capital's board approves IPO plan, to issue 230 mn new shares

Financial services company also approves rights issue of Rs 1,504 cr as it moves to comply with RBI regulations

LG Corp Chairman Koo visits India ahead of local subsidiary's IPO

LG Corporation Chairman and CEO Kwang Mo Koo is on a two-day visit to India ahead of the proposed initial public offering of its Indian unit, according to industry insiders. Koo is meeting with the senior leadership of LG Electronics India, including its Managing Director, to review the performance and take stock of the preparations for the local subsidiary's upcoming IPO, they added. He is also expected to discuss investment proposals for the Indian market, one of the largest markets for the South Korean Chaebol. It is unclear whether he is scheduled to meet with any top policymakers here. He is likely to visit the Greater Noida plant of LG Electronics India. An e-mail sent to LG Electronics India remained unanswered. Last week, LG Electronics started roadshows for the upcoming initial public offering of its Indian units, where the South Korean chaebol will sell over 10.18 crore shares amounting to a 15 per cent stake, which, according to some reports, may raise up to USD 1.5 ..

LCC Projects files draft papers with Sebi, to raise funds via IPO

Ahmedabad-based LCC Projects has filed preliminary papers with the capital markets regulator Sebi to mobilise funds through an initial public offering. The initial public offering (IPO) is a mix of fresh issue of equity shares worth Rs 320 crore and an offer-for-sale (OFS) component of up to 2.29 crore equity shares or 8.43 per cent stake by the promoters, as per the draft red herring prospectus (DRHP). Going by the draft papers filed on Friday, Arjan Suja Rabari and Laljibhai Arjanbhai Ahir will be selling up to 1.14 crore equity shares each through the OFS. The company may raise Rs 64 crore through pre-IPO placement. If the placement is completed then the size of the fresh issue will be reduced. The net proceeds from the fresh issue worth Rs 220 crore will be used by the company to repay debt, Rs 14.91 crore will be used for purchase of equipment and balance for general corporate purposes. LCC Projects is a multidisciplinary engineering, procurement and construction (EPC) compan

LCC Projects files draft papers with Sebi, to raise funds via IPO

Ahmedabad-based LCC Projects has filed preliminary papers with the capital markets regulator Sebi to mobilise funds through an initial public offering. The initial public offering (IPO) is a mix of fresh issue of equity shares worth Rs 320 crore and an offer-for-sale (OFS) component of up to 2.29 crore equity shares or 8.43 per cent stake by the promoters, as per the draft red herring prospectus (DRHP). Going by the draft papers filed on Friday, Arjan Suja Rabari and Laljibhai Arjanbhai Ahir will be selling up to 1.14 crore equity shares each through the OFS. The company may raise Rs 64 crore through pre-IPO placement. If the placement is completed then the size of the fresh issue will be reduced. The net proceeds from the fresh issue worth Rs 220 crore will be used by the company to repay debt, Rs 14.91 crore will be used for purchase of equipment and balance for general corporate purposes. LCC Projects is a multidisciplinary engineering, procurement and construction (EPC) compan

NSDL's much-awaited IPO likely before April to meet Sebi ownership cap

Sebi granted in-principle approval for the IPO in September 2023, following NSDL's draft red herring prospectus (DRHP) filing in July 2023

Carlyle-backed IT exporter Hexaware valued at $5 bn on market debut day

Institutional investors bid for nine times the shares on offer, while retail investors bid for only a tenth of the portion reserved for them amid market volatility and investor caution over IT sector

Solitario Lab Grown Diamonds raises $3.6 million in pre-IPO funding

Leading lab-grown diamond brand Solitario Lab Grown has raised USD 3.6 million in a pre-IPO funding round. The funding round attracted notable investors including Neeraj Gupta (Founder of Meru Cabs), Mauritius-based FPI Investi Global, Vicco Group, and Seema Manish Nuwal (Promoter, Solar Industries), along with several ultra-high-net-worth individuals including Amit Agarwal, Rajesh Singla, Garima Theti, and Sandeep Singh, a company statement said on Tuesday. Co-founded by jewellery industry veteran Ricky Vasandani, and Bollywood actor Vivek Oberoi, Solitario crafts sustainable, eco-conscious diamond jewellery including necklaces, rings, earrings, bracelets, and pendants. "The newly raised capital will be used to expand Solitario's retail network both domestically and internationally, enter new geographical markets, enhance branding and marketing initiatives, broaden its product portfolio, and strengthen its manufacturing capabilities," Co-founder Vivek Oberoi, said. The company has

LG Electronics kicks off roadshows to launch $1.5 bn India IPO this year

Bloomberg has also reported the IPO could raise $1 billion to $1.5 billion and value LG India at as much as $15 billion

Temasek-backed meat delivery startup Licious targets $2 billion IPO

Licious, founded in 2015, is the latest to join the queue for India's IPO market after a blockbuster year for listings in 2024 when more than $20 billion was raised by local firms

Shein exec reassures investors after Trump crackdown on low-value imports

Shein investors include Sequoia Capital, General Atlantic, Declaration Partners, Brookfield, and Claure Group, according to PitchBook

IPO-bound Udaan raises $75 million from M&G, Lightspeed, and others

Udaan co-founder and chief executive officer Vaibhav Gupta said that the company was in advanced talks to close an additional equity round of $25 million from potential investors in the coming quarter

Quality Power IPO receives 83% subscription on second day of offer

The initial public offer of Quality Power Electrical Equipments Ltd received 83 per cent subscription on the day two of bidding on Monday. The initial share sale got bids for 92,24,514 shares against 1,11,12,530 shares on offer, as per NSE data. The quota for non-institutional investors garnered 1.10 times subscription while Retail Individual Investors (RIIs) part got subscribed 1.07 times. The category for Qualified Institutional Buyers (QIBs) received 62 per cent subscription. The energy transmission equipment and technologies company has garnered over Rs 386 crore from anchor investors. The Rs 859-crore Initial Public Offering (IPO) will conclude on Tuesday. The IPO is in a price range of Rs 401-425 per share. The initial public offer has a fresh issue of equity shares aggregating up to Rs 225 crore and an offer-for-sale (OFS) of 1.5 crore shares valued at Rs 634 crore at the upper end of the price band. This takes the total issue size to Rs 859 crore. Proceeds from the fresh

Hexaware Technologies IPO subscribed 2.7 times, driven by strong QIB demand

The company had allotted shares worth almost Rs 2,600 crore to anchor investors