Page 16 - Initial Public Offering (ipo)

Dorf-Ketal Chemicals files IPO draft papers with Sebi, eyes Rs 5,000 cr

Speciality chemicals company Dorf-Ketal Chemicals India Ltd has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 5,000 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an offer for sale of shares worth Rs 3,500 crore by promoter Menon Family Holdings Trust, according to the draft red herring prospectus (DRHP) filed on Friday. Proceeds from the fresh issue to the tune of Rs 82.90 crore will be allocated to repay debt of the company, Rs 33.30 crore will be invested in subsidiary Dorf Ketal Chemicals FZE to repay or prepay its outstanding borrowings, and the remaining funds will be used for general corporate purposes. Founded in 1992, Dorf-Ketal Chemicals is an R&D and innovation-focused global manufacturer and supplier of specialty chemicals across the hydrocarbons and industrial supply chains, including the oil and gas, refining and petrochemicals industries, ..

Dorf-Ketal Chemicals India files for $580 million IPO, claim draft papers

The IPO consists of fresh issue of shares worth up to 15 billion rupees, while existing shareholder Menon Family Holdings Trust is selling shares worth up to 35 billion rupees

Zetwerk Manufacturing strengthens leadership team in preparation for IPO

The manufacturing firm has assembled a leadership team with extensive experience in electronics manufacturing to drive operations and innovation

SAT upholds Sebi order against SME firm Trafiksol ITS Technologies

Regulator had directed refund of money to IPO investors

Groww taps five banks for $1 billion IPO, plans draft filing by April

Groww targets a $1 billion IPO with a potential $10 billion valuation, enlisting five top banks for the process. Draft filings expected by April, listing by FY26

EPack Prefab Tech files IPO papers to raise Rs 300 cr via fresh issue

EPack Prefab Technologies has filed draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The IPO comprises fresh issues of shares worth Rs 300 crore and an Offer For Sale (OFS) of 1 crore shares by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday. The Greater Noida-based company may consider raising Rs 60 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Proceeds from the fresh issue to the extent of Rs 101.62 crore will be used for setting up a new manufacturing facility at Ghiloth Industrial Area at Alwar in Rajasthan; Rs 58.10 crore for expansion of the existing manufacturing facility at Mambattu in Andhra Pradesh for increasing the pre-engineered steel building capacity; Rs 70 crore for payment of debt and a portion will be used for general corporate purposes. Incorporated in 1999, EPack Prefab Technologies provides Pre-Engineered Building (PEB) .

Denta Water and Infra IPO gets 50.6 times subscription on second day

The initial public offer of Denta Water and Infra Solutions received 50.63 times subscription on the second day of bidding on Thursday. The initial share sale received bids for 26,58,10,750 shares against 52,50,000 shares on offer, translating into 50.63 times subscription, according to data available with the NSE. The portion for non-institutional investors fetched 128.41 times subscriptions, while the category for retail individual investors (RIIs) got subscribed 43.51 times. The quota for qualified institutional buyers (QIBs) received 4.75 times the subscription. Denta Water and Infra Solutions on Tuesday said it has raised a little over Rs 66 crore from anchor investors. The issue, with a price band of Rs 279-294 per share, will conclude for public subscription on Friday. The IPO is entirely a fresh issue of 75 lakh equity shares worth Rs 220.5 crore at the upper end of the price band. Proceeds to the extent of Rs 150 crore will be utilised for meeting working capital ...

Denta Water and Infra IPO gets 50.6 times subscription on second day

The initial public offer of Denta Water and Infra Solutions received 50.63 times subscription on the second day of bidding on Thursday. The initial share sale received bids for 26,58,10,750 shares against 52,50,000 shares on offer, translating into 50.63 times subscription, according to data available with the NSE. The portion for non-institutional investors fetched 128.41 times subscriptions, while the category for retail individual investors (RIIs) got subscribed 43.51 times. The quota for qualified institutional buyers (QIBs) received 4.75 times the subscription. Denta Water and Infra Solutions on Tuesday said it has raised a little over Rs 66 crore from anchor investors. The issue, with a price band of Rs 279-294 per share, will conclude for public subscription on Friday. The IPO is entirely a fresh issue of 75 lakh equity shares worth Rs 220.5 crore at the upper end of the price band. Proceeds to the extent of Rs 150 crore will be utilised for meeting working capital ...

Zepto launches women-only dark store in Madambakkam area of Chennai

This initiative ensures that every order placed in the region is managed entirely by an all-women team, from picking to packing

ArisInfra Solutions mobilises Rs 80 crore in pre-IPO funding round

Technology-driven construction material provider ArisInfra Solutions Ltd has mobilised Rs 80 crore in a pre-IPO funding round. Those who participated in the funding round included Cognizant Capital Dynamic Opportunities Fund, JVS Holdings LLP, and Lamha Enterprise LLP. On January 17, ArisInfra's board of directors and shareholders approved this pre-IPO placement. Following this, the company secured Rs 80 crore by selling 36,03,792 equity shares at Rs 222 apiece, according to a public announcement. In August 2024, ArisInfra Solutions filed draft papers with capital markets regulator Sebi to raise Rs 600 crore through an initial public offering (IPO). The Mumbai-based company's proposed IPO is completely a fresh issue of equity shares with no offer for sale (OFS) component. 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 ...

Karamtara Engineering files draft papers with Sebi for Rs 1,750 cr IPO

Power transmission firm Karamtara Engineering has filed preliminary papers with markets regulator Sebi seeking its approval to raise Rs 1,750 crore through an initial public offering (IPO). The proposed IPO is a combination of a fresh issue of shares valued at Rs 1,350 crore and an offer for sale (OFS) of shares worth Rs 400 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday. As a part of the OFS, promoters --Tanveer Singh and Rajiv Singh -- are offloading shares worth Rs 200 crore each. Overall, promoters hold 94.8 per cent stake in the company at present. Proceeds of the fresh issue to the tune of Rs 1,050 crore will be used towards payment of debt and a portion will be utilised for general corporate purposes. Karamtara Engineering is a backward integrated manufacturer of products for renewable energy and transmission lines sectors. It offers a diverse product portfolio which enables it to serve as a one-stop shop for solar structures ...

Denta Water and Infra IPO Day 2: Check subscription status; GMP slips today

Denta Water and Infra IPO: Retail Individual Investors (RIIs) oversubscribed to their portion by 22.69 times with a bid of 5,95,66,750 shares

Zepto set to raise IPO size to $800 mn-$1 bn, targets $5.5 bn sales by FY26

Zepto aims for 40 per cent domestic shareholding before its IPO; it is merging its Singapore parent with an Indian entity to relocate its domicile to India

Denta Water and Infra raises Rs 66 crore from anchor investors ahead of IPO

Water and infrastructure solutions company Denta Water and Infra Solutions Ltd on Tuesday said it has raised a little over Rs 66 crore from anchor investors ahead of its initial public offering (IPO). Foreign and domestic institutions who participated in the anchor included Abakkus Diversified Alpha Fund-2, Rajasthan Global Securities, Saint Capital Fund, Finavenue Capital Trust, Chhatisgarh Investments Ltd, Steptrade Revolution Fund, Astorne Capital VCC -- Arven and Aarth AIF, according to a circular uploaded on BSE's website. As per the circular, the company has allocated 22.5 lakh equity shares at Rs 294 apiece to 10 funds, aggregating the transaction size to Rs 66.15 crore. The issue, with a price band of Rs 279 to Rs 294 per share, will open for public subscription on January 22 and conclude on January 24. The IPO is entirely a fresh issue of 75 lakh equity shares worth Rs 220.5 crore at the upper end of the price band. Proceeds from its fresh issuance to the extent of Rs 150

EPC firm Lumino Industries files draft papers with Sebi for Rs 1,000 cr IPO

Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an offer-for-sale (OFS) of Rs 400 crore by promoters. A portion of the offer will be reserved for the eligible employees under the employee reservation portion. In addition, the Kolkata-based company, in consultation with the book-running lead managers (BRLMs), may consider a pre-IPO placement of equity shares aggregating up to Rs 120 crore. The company will use Rs 420 crore proceeds from the fresh issue to reduce borrowing. Only a meagre amount of Rs 15 crore will go for capex while the rest will be used for general corporate purposes. The IPO will carry a face value of Rs 5 per equity share.

EPC firm Lumino Industries files draft papers with Sebi for Rs 1,000 cr IPO

Lumino Industries, an EPC company specialising in conductors, power cables, and power EPC projects, has filed its draft red herring prospectus (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The IPO comprises a mix of a fresh issue of shares worth Rs 600 crore and an offer-for-sale (OFS) of Rs 400 crore by promoters. A portion of the offer will be reserved for the eligible employees under the employee reservation portion. In addition, the Kolkata-based company, in consultation with the book-running lead managers (BRLMs), may consider a pre-IPO placement of equity shares aggregating up to Rs 120 crore. The company will use Rs 420 crore proceeds from the fresh issue to reduce borrowing. Only a meagre amount of Rs 15 crore will go for capex while the rest will be used for general corporate purposes. The IPO will carry a face value of Rs 5 per equity share.

PharmEasy sets stage for IPO return with new strategy, boosted cash flow

PharmEasy plans to re-enter the IPO market following a major business overhaul. The company aims to discuss its IPO strategy, including a potential merger with Thyrocare, at its February board meeting

Stallion India Fluorochemicals IPO allotment: Check status, listing date

Investors can check Stallion India Fluorochemicals' allotment status by visiting NSE, BSE, or its registrar Bigshare Services

Stallion India IPO garners 188.38 times subscription on last day of offer

The initial public offer of Stallion India Fluorochemicals Ltd received 188.38 times subscription on the closing day of bidding on Monday, driven by overwhelming participation from investors. The Rs 199.45 crore initial share sale got bids for 2,92,22,89,425 shares against 1,55,12,978 shares on offer, as per NSE data. The portion meant for non-institutional investors fetched a huge 422.42 times subscription while the category for Qualified Institutional Buyers (QIBs) received 172.93 times subscription. The category for Retail Individual Investors (RIIs) garnered 96.90 times subscription. Refrigerants supplier Stallion India Fluorochemicals on Tuesday fixed a price band of Rs 85-90 per share for its initial public offering (IPO). The IPO has a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) component of 43.02 lakh shares by its promoter Shazad Sheriar Rustomji. Proceeds from the issue will be used towards funding working capital requirements, capital expenditure

Groww picks JPMorgan for IPO to raise $750 mn, may seek $7 bn valuation

Billionbrains Garage Ventures behind financial services platform Groww Invest Tech Pvt Ltd could proceed with an IPO this year, seizing on the momentum for share sales in India