Page 2 - Initial Public Offering Ipo

PhysicsWallah sets ₹3,480 cr IPO price band ahead of Nov 11 share sale

Cofounders say they will not entertain investors who them to increase course prices for revenue

IPO-bound Pine Labs plans to expand presence in global markets: CEO

Fintech major Pine Labs, which is gearing up to float its initial public offering (IPO) this week, plans to expand its presence in global markets as a part of its growth strategy, its CMD and chief executive office B Amrish Rau said. "We want to take our fintech platform global. We want to focus on select global markets, such as Southeast Asia and the Middle East, and intend to continue expanding and onboarding new clients in these markets," Rau told PTI. Noida-based Pine Labs is a technology company focused on digitising commerce through digital payments and issuing solutions for merchants, consumer brands, enterprises, and financial institutions. At present, its technology infrastructure supports digital transactions and payment processing in India as well as in 20 international markets including Malaysia, the UAE, Dubai, Singapore, Australia, the US, and parts of Africa. "By expanding our operations in these international markets, we expect to be able to scale our existing ...

Lenskart's $821 mn IPO price sparks concern over Indian startup valuations

DSP Asset Managers Pvt. over the weekend publicly defended its anchor investment in Lenskart after facing social media criticism over the IPO's valuation

Pine Labs to launch IPO on Nov 7; aims to raise ₹2,080 cr via fresh issue

Fintech firm Pine Labs is gearing up to launch its initial public offering (IPO) on November 7, aiming to raise Rs 2,080 crore through fresh issue of shares. The company's maiden public offering would conclude on November 11. The bidding for anchor investors will open for a day on November 6, according to the red herring prospectus (RHP). Apart from fresh issue, there would be an Offer for Sale (OFS) of up to 8.23 crore equity shares. Under the OFS, Peak XV Partners, London-based Actis, PayPal, Mastercard Asia/Pacific, Temasek through Macritchie Investments, Invesco, Madison India Capital, MW XO Digital Finance Fund Holdco, Lone Cascade LP, Sofina Ventures S.A.and Pine Labs co-founder Lokvir Kapoor will be divesting their shares in the fintech firm. Proceeds from the fresh issue will be used by the company to repay debt, investment in IT assets, expenditure towards cloud infrastructure, technology development initiatives and procurement of digital checkout points. The company will

Groww founders eye $1.9 billion wealth boost as online broker heads for IPO

The Bengaluru-headquartered firm is seeking to raise ₹1,060 crore, while existing investors plan to sell as many as 557.2 million shares

Oyo's parent PRISM increases authorised share capital ahead of planned IPO

IPO-bound OYO's parent firm PRISM has initiated a fresh round of corporate actions, including an increase in its authorised share capital as part of its preparations for a potential public listing, sources said on Thursday. In August, PTI had reported that OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, according to sources. The company has proposed to increase its authorised share capital from Rs 2,431.13 crore to Rs 2,433.13 crore by adding 20 lakh CCPS (Compulsarily Convertible Preference Shares) of Rs 10 each. This follows earlier shareholder approvals in August and September 2025 for capital expansion linked to IPO readiness and other fund-raising activities. The current proposal is to further increase the authorised share capital to accommodate the issuance of bonus CCPS. In a communication to shareholders, OYO said, "The increase in the authorised share capital is in addition to the earlier increase in t

India's $200 million-an-hour IPO boom highlights rise of local investors

A rapidly expanding pool of money from domestic mutual funds, insurers and millions of retail investors is now dominating the IPO space, showing an increased ability to absorb large share sales

Beauty parade in full swing as Reliance shortlists bankers for Jio IPO

RIL to finalise bankers for Jio Platforms' IPO by year-end; listing expected in first half of 2026, likely to be India's biggest at around $6 billion; recalibrates Russian oil imports amid US sanction

SME IPO wave: High subscriptions and quick listing gains mask deeper risks

The surge in IPO listing has been fuelled by a resilient domestic economy, enabling government policies such as simplified listing norms, and the integration of digital payment systems

Lenskart to launch IPO on Oct 31, aims to raise ₹2,150 cr via fresh issue

Eyewear retailer Lenskart Solutions is gearing up to launch its initial public offering (IPO) on October 31, aiming to raise Rs 2,150 crore through a fresh issue of shares. This marks its much-awaited entry into the public markets. The company's maiden public offering would conclude on November 4, and the bidding for anchor investors would open for a day on October 30, according to the Red Herring Prospectus (RHP). Apart from the fresh issue, there would be an offer-for-sale (OFS) component, in which promoters and investors would offload over 12.75 crore equity shares. As a part of the OFS, promoters -- Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi; and investors -- SVF II Lightbulb (Cayman) Ltd, Schroders Capital Private Equity Asia Mauritius Ltd, PI Opportunities Fund '? II, Macritchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP -- would offload shares. Lenskart proposes to utilise the proceeds from the IPO for various strategic

Flipkart-backed Shadowfax gains regulatory approval for IPO in India

Logistics firm clears Sebi hurdle to launch offering estimated at up to ₹2,500 crore; updated draft prospectus expected soon as company targets valuation near ₹8,500 crore

Meesho files updated IPO papers, aims to raise up to $800 million

E-commerce firm's revised Sebi filing details equity structure and investor stake sales via offer for sale, as it targets a December market debut

InGovern says WeWork India has resolved governance issues post IPO

The governance advisory firm says WeWork India's ₹3,000-crore IPO marks a key milestone, strengthening transparency and investor confidence

LG Electronics India poised to rise in trading debut after $1.3 bn IPO

More broadly, an opening-day surge by LG would bode well for other Indian companies planning to go public, particularly in the wake of Tata Capital Ltd. only rising 1.4 per cent in its debut

Street signs: Nifty looks set to extend upward run, Winro in IPO pool

Following a record-setting week, the initial public offering (IPO) market is expected to pause, with only one issue - Midwest - scheduled for the coming week.

Tata Capital, LG Electronics debut to test strength of IPO market next week

The two listings underscore India's growing status as a global fundraising hub, powered by deep domestic liquidity and an expanding retail investor base

Canara HSBC Life raises ₹750 crore from anchor investors ahead of IPO

Canara HSBC Life Insurance Company Ltd on Thursday said it has raised a little over Rs 750 crore from anchor investors, just a day before its initial share-sale opening for public subscription. The anchor book received participation from institutional investors including ICICI Prudential Mutual Fund (MF), HDFC MF, DSP MF, WhiteOak Capital, Mirae Asset MF, Allianz Global Investors Fund, Amundi Funds, Matthews India Fund, Tata MF, Motilal Oswal MF and Societe Generale, according to a circular uploaded on BSE's website. Canara HSBC Life has allotted around 7.08 crore equity shares to 33 funds at 106 per share. This translates into an aggregate transaction size of Rs 750.32 crore, the circular showed. The insurer said the Rs 2,516-crore maiden public offering would open for subscription on October 10 and conclude on October 14. The company has set a price band of Rs 100 to Rs 106 per share for its IPO, targeting for a valuation of about Rs 10,000 crore at the upper end. Canara HSBC Li

LG Electronics India's ₹11,607 crore IPO draws record ₹4.4 trillion bids

LG's Rs 11,607-crore IPO drew record demand from investors, making it the most subscribed large-cap issue since 2020, with strong institutional and HNI interest

Anantam Highways Trust raises ₹180 cr as IPO opens for subscription

Anantam Highways Trust has collected Rs 180 crore from anchor investors as its Initial Public Offering (IPO) opened for subscription on Tuesday. WhiteOak Capital Mutual Fund, Minerva Ventures, Trust Investment Advisors, SBI Capital Markets, Edelweiss Life Insurance Company and Reliance General Insurance Company, among others, participated in the anchor round, according to a circular uploaded on BSE's website. Anantam Highways Trust allotted 1.8 crore units to these investors at Rs 100 apiece, the circular showed. The infrastructure investment trust's Rs 400 crore IPO would conclude on October 9. The price band has been set between Rs 98-100 per unit. Proceeds from the public issue are expected to be utilised for funding infrastructure projects, debt repayment, and general corporate purposes. Anantam Highways Trust operates in the road and highway sector, with a portfolio of revenue-generating assets aimed at providing stable and predictable returns to investors.

PhysicsWallah expands to 4.46 mn paid users in FY25, up 153% from FY23

In FY25, the platform recorded 4.13 million unique transacting users on its online channel and expanded its offerings to 13 education categories