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
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.
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 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'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 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.
In FY25, the platform recorded 4.13 million unique transacting users on its online channel and expanded its offerings to 13 education categories
The South Korean parent will offer as many as 101.8 million shares of LG Electronics India Ltd. at ₹1,080 to ₹1,140 each from Tuesday
Chauffeured car rental and mobility solutions provider Mann Fleet Partners Ltd on Monday said it has filed its draft papers with markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The proposed IPO comprises a fresh issue of 64.10 lakh equity shares and an Offer For Sale (OFS) of up to 16 lakh equity shares by promoters Amrit Pal Singh Mann and Parmjeet Mann. In a statement, the company said it plans to use the proceeds from the fresh issue worth Rs 63.78 crore for purchasing vehicles, Rs 18.76 crore for payment of debt and the rest for general corporate purposes. Headquartered in New Delhi and established in 1992, Mann Fleet Partners offers a comprehensive range of mobility solutions, including event-based transportation, long-term rentals, spot rentals, and self-drive car leasing. Its clientele includes corporates, government agencies, embassies, and high-net-worth individuals. The company provides chauffeur services in 83 cities across India, the UAE,
The primary market is set for a busy week as two major companies, Tata Capital Ltd and LG Electronics India Ltd, gear up to launch their initial public offerings (IPOs), collectively worth more than Rs 27,000 crore. The twin issues are expected to draw strong investor interest, given their scale and the stature of their parent groups. The IPOs come at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market. In 2025, a total of 78 companies have already tapped the mainboard market through maiden public offerings, and several issues are lined up for this month. The Rs 15,512 crore Tata Capital IPO, the largest issue of the year, will open for subscription on October 6 and close on October 8. The offering comprises a fresh issue of 21 crore shares and an offer for sale (OFS) of 26.58 crore shares. At the upper end of the Rs 310 to Rs 326 per share price band, the non-banking financial company is valued at around Rs 1
The IPO rush in India has been powered by corporates seeking funds to expand operations in the world's fastest-growing major economy
The IPO will fund expansion as India's data-centre demand soars; company runs 14 sites and seeks capital to tap growing AI, cloud, and digital infrastructure market
Facility management services provider, BVG India has filed its preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO) comprising a fresh issue of equity shares worth Rs 300 crore and an OFS. Under the offer for sale (OFS), existing shareholders will offload 2.85 crore equity shares, according to the draft red herring prospectus (DRHP) dated September 30. Out of the fresh issue proceeds, Rs 250 crore has been earmarked for payment of debt, while the balance will be deployed towards general corporate purposes. The company operates through three business verticals-- Integrated Facility Management (IFM), Emergency Response Services (ERS), and Environment & Sustainability Services (ESS) -- catering to clients across industrial, commercial, healthcare, education, government and transport infrastructure sectors. BVG India provides soft services such as mechanised housekeeping, janitorial services, industrial housekeeping, manpower supply, ..
The success of Physicswallah and Urban is not just about digitisation; it's also about dreams and despair
LG Electronics India has fixed a price band of Rs 1,080-1,140 per share for its IPO, aiming for a Rs 77,400 cr valuation through a ₹11,607 cr offer-for-sale
Big-ticket deals, including billion-dollar offerings from Tata Capital Ltd. and LG Electronics Inc.'s local unit, are boosting confidence that India's $5 trillion stock market
Big-ticket deals, including billion-dollar offerings from Tata Capital Ltd. and LG Electronics Inc.'s local unit, are boosting confidence that India's $5 trillion stock market
This move is expected to encourage greater participation by high-net-worth individuals (HNIs) and deepen engagement in the primary market
Proceeds from the fresh issue will be used for the prepayment or repayment of certain outstanding borrowings and for general corporate purposes
Pharmaceutical company Virupaksha Organics has filed preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The proposed IPO of the Hyderabad-based company is entirely a fresh issue of equity shares, according to the draft red herring prospectus (DRHP) filed on Monday. The company may consider raising Rs 148 crore in a pre-IPO placement round. If such placement is undertaken, then the issue size will be reduced. Virupaksha proposes to utilise proceeds of the fresh issue to the tune of Rs 360 crore towards funding capital expenditure requirement for capacity expansion, Rs 195 crore earmarked for payment of debt and the balance towards general corporate purposes. Virupaksha Organics is a research and development (R&D) driven Indian pharmaceutical company engaged in the manufacturing of active pharmaceutical ingredients (APIs) and intermediates. As of March 31, 2025, it had a diversified portfolio of 54 products, ...