Page 5 - Initial Public Offering Ipo

Pride Hotels steps up expansion, plans ₹1,000-cr IPO by December

Pride Hotels is looking to launch its initial public offering (IPO) by December, with the issue size expected to be around Rs 1,000 crore, as the hospitality chain accelerates expansion across leisure, wedding and corporate events and pilgrimage destinations, CEO Satyen Jain said. "We have opened nine hotels in the last 12 months. This is the ninth in Indore," Jain said in an interaction with PTI. The expansion has taken Pride Hotels' portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, which are expected to open over the next one-and-a-half to two years, taking its portfolio to about 72 properties. "Our focus is on four segments -- going deep in the markets where we are already present, targeting large wedding and MICE (Meeting, Incentive, Conference and Exhibition) hotels, entering new leisure destinations and expanding in pilgrimage," Jain said. Among these, pilgrimage destinations are ..

Anthropic set to add Citigroup to top IPO banks ahead of mega-listing

The bank would join rivals Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. in the top ranks of advisers on the upcoming deal

Anthropic set to add Citigroup to top IPO banks ahead of mega-listing

The bank would join rivals Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. in the top ranks of advisers on the upcoming deal

Tiger Global-backed Upstox begins talks for potential $400 million IPO

Discussions are at an early stage and details including the size and timing of the offering, could still change

Tiger Global-backed Upstox begins talks for potential $400 million IPO

Discussions are at an early stage and details including the size and timing of the offering, could still change

Sebi reviewing small-company IPO, delisting rules: Chairman Tuhin Kanta

Sebi is also looking to support global fund management activity from India, Pandey said

Sebi reviewing small-company IPO, delisting rules: Chairman Tuhin Kanta

Sebi is also looking to support global fund management activity from India, Pandey said

NSE seeking valuation of as much as ₹5.26 trillion in planned IPO

At a $55 bn valuation, NSE's sale of 6% stake on offer could raise about ₹315 billion, surpassing the ₹278.7 billion raised by Hyundai Motor's Indian unit in 2024, the country's largest IPO to date

NSE seeking valuation of as much as ₹5.26 trillion in planned IPO

At a $55 bn valuation, NSE's sale of 6% stake on offer could raise about ₹315 billion, surpassing the ₹278.7 billion raised by Hyundai Motor's Indian unit in 2024, the country's largest IPO to date

Augmont Enterprises to launch ₹825 cr IPO, price band set at ₹750-788

Integrated gold and silver platform Augmont Enterprises Ltd is set to launch its initial public offering (IPO) on August 21, seeking to raise Rs 825 crore at a price band of Rs 750-788 per equity share. The IPO will comprise a fresh issue of shares worth Rs 620 crore and an offer for sale (OFS) of shares worth Rs 205 crore by promoters, according to the company's public announcement on Tuesday. The OFS will be undertaken by promoters Namita Ketan Kothari, Vivek Prithviraj Kothari and Dimple Mukesh Kothari. The anchor investor bidding will take place on August 20, while the public issue will close on August 25. At the upper end of the price band, the company will have a post-issue market capitalisation of around Rs 7,200 crore. The company plans to use the IPO proceeds primarily to fund its future working capital needs, including procurement and expansion of inventory, inventory maintenance and advance margin requirements for purchasing inventory and for general corporate ...

Augmont Enterprises to launch ₹825 cr IPO, price band set at ₹750-788

Integrated gold and silver platform Augmont Enterprises Ltd is set to launch its initial public offering (IPO) on August 21, seeking to raise Rs 825 crore at a price band of Rs 750-788 per equity share. The IPO will comprise a fresh issue of shares worth Rs 620 crore and an offer for sale (OFS) of shares worth Rs 205 crore by promoters, according to the company's public announcement on Tuesday. The OFS will be undertaken by promoters Namita Ketan Kothari, Vivek Prithviraj Kothari and Dimple Mukesh Kothari. The anchor investor bidding will take place on August 20, while the public issue will close on August 25. At the upper end of the price band, the company will have a post-issue market capitalisation of around Rs 7,200 crore. The company plans to use the IPO proceeds primarily to fund its future working capital needs, including procurement and expansion of inventory, inventory maintenance and advance margin requirements for purchasing inventory and for general corporate ...

7 companies set to raise nearly ₹6,400 crore through IPOs next week

The primary market is set for another busy week, with six companies, including Blackstone-backed Horizon Industrial Parks and Lalithaa Jewellery Mart, set to raise nearly Rs 5,600 crore collectively through initial public offerings (IPOs). The upcoming issues follow the launch of five IPOs in the past week, while three companies had already tapped the market earlier this month. Horizon Industrial Parks will kick off the week on August 17 with its Rs 2,600-crore IPO, followed by jewellery retailer Lalithaa Jewellery Mart's Rs 1,700-crore issue on the same day. Shankesh Jewellers and film and television producer Sunshine Pictures will open their IPOs on August 18, worth Rs 367 crore and Rs 282 crore, respectively. Gaja Alternative Asset Management, which operates under the Gaja Capital brand, will launch its Rs 550-crore IPO on August 19, while Tempsens Instruments (India) will open its issue on August 20. Together, the six companies are looking to raise around Rs 5,600 crore throug

Zetwerk files updated IPO draft papers with Sebi to raise ₹2,600 crore

Zetwerk's IPO also comprises an offer for sale of 96.8 million shares by existing investors

Zetwerk files updated IPO draft papers with Sebi to raise ₹2,600 crore

Zetwerk's IPO also comprises an offer for sale of 96.8 million shares by existing investors

Zetwerk planning to file IPO papers publicly, eyes raising up to $400 mn

The Bengaluru-based company, which confidentially filed for an IPO in March, may submit updated paperwork this week and is likely to begin investor meetings this month

Zetwerk planning to file IPO papers publicly, eyes raising up to $400 mn

The Bengaluru-based company, which confidentially filed for an IPO in March, may submit updated paperwork this week and is likely to begin investor meetings this month

NDR InvIT plans ₹750 crore issue to fund warehousing acquisitions

The proposed offer includes a ₹450 crore fresh issue and ₹300 crore OFS, with most fresh proceeds earmarked for acquiring two warehousing assets

Table Space files DRHP with Sebi for ₹800 crore fresh issue, OFS

The managed workspace provider's IPO will also include an OFS of up to 65.48 million shares, with proceeds earmarked for debt repayment, acquisitions and corporate purposes

Table Space files DRHP with Sebi for ₹800 crore fresh issue, OFS

The managed workspace provider's IPO will also include an OFS of up to 65.48 million shares, with proceeds earmarked for debt repayment, acquisitions and corporate purposes

Milky Mist IPO: Brokerages recommend 'Subscribe' on strong growth prospects

Milky Mist IPO review: Brokerages have shared a constructive view on the Milky Mist IPO and recommended a 'Subscribe' rating.