Page 2 - Initial Public Offering (ipo)

KKR-backed e-bus maker PMI Electro confidentially files for India IPO

Founded in 2017, PMI Electro Mobility is an electric commercial vehicle manufacturer with a fleet of 3,300 e-buses across 34 cities ‌in India

Orient Cables to launch ₹552 crore IPO on Sep 25, price band at ₹258-272

Orient Cables (India) Ltd on Tuesday announced a price band of Rs 258-272 per share for its Rs 552-crore IPO, as the networking cables and passive networking equipment maker gears up to tap the primary market. The issue will open for public subscription on September 25 and close on September 29, according to a public announcement. The IPO comprises a fresh issue of equity shares worth up to Rs 320 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 232 crore. Proceeds of the fresh issue will be used for capital expenditure towards purchase of machinery, equipment and civil works at its manufacturing facilities; repayment or partial prepayment of certain borrowings. A portion will also be used for general corporate purposes. Earlier, the company had filed preliminary papers with Sebi to raise Rs 700 crore through IPO, comprising a fresh issue of Rs 320 crore and an OFS of Rs 380 crore. The revised IPO size is therefore lower by Rs 148 crore, with the entire reduction ..

Orient Cables to launch ₹552 crore IPO on Sep 25, price band at ₹258-272

Orient Cables (India) Ltd on Tuesday announced a price band of Rs 258-272 per share for its Rs 552-crore IPO, as the networking cables and passive networking equipment maker gears up to tap the primary market. The issue will open for public subscription on September 25 and close on September 29, according to a public announcement. The IPO comprises a fresh issue of equity shares worth up to Rs 320 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 232 crore. Proceeds of the fresh issue will be used for capital expenditure towards purchase of machinery, equipment and civil works at its manufacturing facilities; repayment or partial prepayment of certain borrowings. A portion will also be used for general corporate purposes. Earlier, the company had filed preliminary papers with Sebi to raise Rs 700 crore through IPO, comprising a fresh issue of Rs 320 crore and an OFS of Rs 380 crore. The revised IPO size is therefore lower by Rs 148 crore, with the entire reduction ..

Snapdeal parent AceVector seeks up to $182 million valuation in India IPO

The company ‌has set a price band of ₹30 to ₹32 for its ₹420 crore ($43.84 million) IPO, according to an exchange filing

Fintech firm Moneyview seeks $624 million valuation in trimmed India IPO

Moneyview, formerly known as Whizdm ‌Innovations, provides users a suite of financial products through a network of banks, non-bank lenders, insurers, and other financial institutions

Fintech firm Moneyview seeks $624 million valuation in trimmed India IPO

Moneyview, formerly known as Whizdm ‌Innovations, provides users a suite of financial products through a network of banks, non-bank lenders, insurers, and other financial institutions

Liqvd Digital India issue to open on Sep 23, price band fixed at ₹51-54

Digital marketing solutions provider Liqvd Digital India Ltd on Sunday said its Rs 39-crore initial public offering (IPO) will open for subscription on September 23. The company has fixed a price band of Rs 51-54 per equity share, according to a statement. The three-day issue will conclude on September 25, and shares are proposed to be listed on the BSE SME platform. The Rs 39-crore IPO comprises a fresh issue of Rs 34.14 crore and an offer-for-sale of 9.02 lakh equity shares, worth Rs 4.87 crore at the upper end, by promoter Arnab Mitra. Of the fresh issue proceeds, Rs 9 crore will be used to fund the acquisition of a 23.21 per cent stake in AdLift Marketing Pvt Ltd, while Rs 10.59 crore will be utilised for setting up a full-scale video content production hub. Another Rs 6.57 crore will go towards incremental working capital requirements, with the remaining funds earmarked for acquisitions and general corporate purposes. Liqvd Digital India reported consolidated revenue from ..

6 companies line up IPOs worth ₹3,825 cr amid brisk primary market activity

Six mainboard companies, including Elevate Campuses and Varmora Granito, are set to tap the primary market next week, seeking to raise a combined Rs 3,825 crore through initial public offerings (IPOs), as fundraising activity continues at a brisk pace in 2026. Alongside these two issues, Bengaluru-based A-One Steels India Ltd, ArMee Infotech Ltd, Swastika Infra and Adroit Industries (India) Ltd will also launch their public offerings, taking the total number of IPOs scheduled for the week to six. The IPOs will be available for public subscription between September 22 and September 28, with most of the issues opening on September 23. The funds raised through the fresh issues will largely be utilised for business expansion, capital expenditure, debt repayment, working capital requirements and other general corporate purposes. The upcoming IPO activity follows a busy start to September, with 17 IPOs already concluded. The mega issue of the National Stock Exchange (NSE) and textile mak

From IPO battle to boardroom split: How Tata Sons reached its latest crisis

Tata Sons' listing dispute has deepened into a boardroom split, with Tata Trusts opposing the IPO and N Chandrasekaran's reappointment, while the board backs both moves

OpenAI weighs fresh funding at $1.2 trillion valuation ahead of IPO

Any decision to move forward with the fundraising effort will hinge on exactly when OpenAI decides to go public, a person familiar with the talks said

Anthropic picks Nasdaq for much-anticipated IPO, eyes listing in October

The Claude chatbot maker is seeking to raise as much as or more than SpaceX in an IPO that could take place as soon as October

Agri-inputs maker SML weighing IPO in 2-3 yrs to fund new chemical entities

Agri-inputs maker SML Ltd, formerly known as Sulphur India Limited, is evaluating a stock market listing within the next two to three years as it looks to fund the development of new chemical entities (NCEs), Managing Director Bimal Shah said. "We have not completely decided - we are also evaluating it," Shah said in an interview to PTI, adding that the debt-free company expects greater clarity on the timeline within the next one to two years. Mumbai-based SML Ltd said it is among a handful of Indian companies developing NCEs - proprietary new molecules rather than generic formulations - with one new molecule expected to reach the market soon and others in the pipeline. "We are working on NCEs, new chemical entity in the last three years. We have a new molecule coming up very soon. ... NCE is a very important focus for us. Of course, this requires a lot of investment," he said. Bringing a single NCE to market can cost USD 70 million-USD 80 million, Shah said, and the company has so

Agri-inputs maker SML weighing IPO in 2-3 yrs to fund new chemical entities

Agri-inputs maker SML Ltd, formerly known as Sulphur India Limited, is evaluating a stock market listing within the next two to three years as it looks to fund the development of new chemical entities (NCEs), Managing Director Bimal Shah said. "We have not completely decided - we are also evaluating it," Shah said in an interview to PTI, adding that the debt-free company expects greater clarity on the timeline within the next one to two years. Mumbai-based SML Ltd said it is among a handful of Indian companies developing NCEs - proprietary new molecules rather than generic formulations - with one new molecule expected to reach the market soon and others in the pipeline. "We are working on NCEs, new chemical entity in the last three years. We have a new molecule coming up very soon. ... NCE is a very important focus for us. Of course, this requires a lot of investment," he said. Bringing a single NCE to market can cost USD 70 million-USD 80 million, Shah said, and the company has so

Sonaselection India IPO to open on Sep 17, price band set at ₹94-99/share

Textile company Sonaselection India Ltd on Thursday fixed a price band of Rs94-99 per equity share for its upcoming Rs 141.6-crore initial public offering. The company's maiden public offer is scheduled to open on September 17and conclude on September 21.The bidding for anchor investors will take place on September 16. The Bhilwara-headquartered company's IPO will comprise a fresh issue of 1.43 crore equity shares worth Rs 141.57 crore at the higher end, with no offer for sale (OFS) component,according to a statement. Proceeds from the IPO will be used for debt payment, purchasing plant and machinery at the company's manufacturing facility and general corporate purposes. Founded in 2022, Sonaselection India is an integrated fabric manufacturing and processing company, with the core operations housed at its manufacturing facility atBhilwara in Rajasthan. Bhilwara is widely recognised as a major hub for textile processing and manufacturing, providing the company access to skilled ..

Sonaselection India IPO to open on Sep 17, price band set at ₹94-99/share

Textile company Sonaselection India Ltd on Thursday fixed a price band of Rs94-99 per equity share for its upcoming Rs 141.6-crore initial public offering. The company's maiden public offer is scheduled to open on September 17and conclude on September 21.The bidding for anchor investors will take place on September 16. The Bhilwara-headquartered company's IPO will comprise a fresh issue of 1.43 crore equity shares worth Rs 141.57 crore at the higher end, with no offer for sale (OFS) component,according to a statement. Proceeds from the IPO will be used for debt payment, purchasing plant and machinery at the company's manufacturing facility and general corporate purposes. Founded in 2022, Sonaselection India is an integrated fabric manufacturing and processing company, with the core operations housed at its manufacturing facility atBhilwara in Rajasthan. Bhilwara is widely recognised as a major hub for textile processing and manufacturing, providing the company access to skilled ..

MFs pour ₹12,944 cr into 2026 IPOs as institutional concentration deepens

ICICI Prudential Mutual Fund, SBI Mutual Fund and Nippon India Mutual Fund accounted for over 52 per cent of total institutional allocations

IPO action intensifies as 11 companies set to raise ₹7,055 cr next week

The primary market is poised for another action-packed week, with 11 main-board companies, including Rentomojo, Karamtara Engineering and Kanohar Electricals, set to raise Rs 7,055 crore through initial public offerings (IPOs). The IPOs are scheduled to hit the market between September 7 and September 15, with most of the issues opening for subscription on Tuesday and Wednesday. "This multi-issue rush reflects an eagerness to lock in early-stage growth equity in young companies as all these companies are below USD 1 billion market cap at listing," Rajkumar Rathi, Chief Investment Officer at YES Securities, said. The companies tapping the primary market include real estate developers, engineering and manufacturing firms, a payments and identity solutions provider, a specialty chemicals manufacturer and an online rental platform. Of Rs 7,055 crore, Rs 2,722 crore (39 per cent) is primary capital issuance, where funds go into the company, and Rs 4,333 crore (61 per cent) is a secondar

Anthropic may begin IPO marketing in October, eyeing November listing

The AI company is now expected to make its IPO prospectus public in late September, potentially paving the way for one of the largest-ever public listings

Anthropic may begin IPO marketing in October, eyeing November listing

The AI company is now expected to make its IPO prospectus public in late September, potentially paving the way for one of the largest-ever public listings

Sembcorp Green Infra files DRHP for ₹3,750 crore fresh-issue IPO

The renewable power producer plans to use the proceeds largely to repay borrowings, while expanding its RTC, FDRE and storage-linked renewable energy portfolio