Page 7 - Initial Public Offering Ipo

Indian shadow banks' IPO boom falters amid mounting credit stress

TPG Inc.-backed SK Finance Ltd. and Belstar Microfinance Ltd. are the latest firms to shelve plans for initial public offerings

Sebi clears IPOs of 13 firms including Urban Company, Boat's parent

Sebi has approved IPOs for 13 companies, including Urban Company and Boat's parent Imagine Marketing, with issues worth Rs 15,000 crore expected in the coming months

Tata Capital to float $2 bn IPO in Sept last week, eyes $11 bn valuation

Non-banking financial company (NBFC) Tata Capital is set to launch its much-anticipated USD 2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, market sources familiar with the matter said on Sunday. The issue is expected to value the company around USD 11 billion, they added. Tata Capital is likely to make its stock market debut by September 30. The proposed IPO of 47.58 crore shares comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares, according to the updated draft red herring prospectus (DRHP) filed in August. Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation (IFC) will divest 3.58 crore shares. Currently, Tata Sons holds an 88.6 per cent stake in Tata Capital, while IFC owns 1.8 per cent holding. Proceeds from the IPO will be used to strengthen the company's Tier-1 capital base, supporting future capital requirements, including on

CMR Green Technologies files draft papers, seeks Sebi's nod to float IPO

CMR Green Technologies Ltd, non-ferrous metal recycler, has filed preliminary papers with markets regulator Sebi seeking its approval to raise funds through an initial public offering (IPO). The proposed IPO is entirely through an Offer for Sale (OFS) of 4.28 crore equity shares, according to the draft red herring prospectus (DRHP) filed on Friday. The selling shareholders include promoter Mohan Agarwal, certain members of the promoter group, and investor Global Scrap Processors Ltd. At present, promoters and promoter group entities hold around 87 per cent stake in CMR Green Technologies, while the remaining 13 per cent is owned by Global Scrap Processors. As the IPO is entirely an OFS, the company itself will not receive any proceeds from the issue; all funds raised will go directly to the selling shareholders. In its draft papers, the company stated that listing is expected to enhance its visibility, brand image and provide liquidity to existing shareholders. This is CMR Green'

IPO-bound NephroPlus expands ops in Philippines, acquires 5 more clinics

IPO-bound NephroCare Health Services Ltd on Friday announced the acquisition of five new dialysis clinics in the Philippines, bringing its total footprint in the country to 39. The newly acquired clinics include Santiago, Isabela Dialysis Center, Cabuyao, Laguna Dialysis Center, Binondo, Manila Dialysis Center, CP Garcia Ave, Diliman, Quezon City Dialysis Center and E Rodriguez, Quezon City Dialysis Center. The Hyderabad-based company entered the Philippines market in fiscal 2020 and has since expanded rapidly, growing from 3,614 treatments per month in fiscal 2021 to 22,073 treatments per month in fiscal 2025. "This expansion marks a milestone in our journey in the Philippines, which has now become one of our key countries of operations after India," Rohit Singh, Group CEO of NephroCare Health Services, said in a statement. NephroCare Health Services, known for its NephroPlus brand, initially expanded into the Philippines by acquiring a majority stake in Royal Care Dialysis Clinic

IPO-bound PhysicsWallah's revenue grows by 53% in FY25, losses narrow

Edtech firm PhysicsWallah posted Rs 3,000 crore revenue in FY25 with 50% growth, aided by offline expansion and rising paid enrolments, as it prepares for its Rs 4,500 crore IPO

IPO-bound PhysicsWallah's revenue grows by 53% in FY25, losses narrow

Edtech firm PhysicsWallah posted Rs 3,000 crore revenue in FY25 with 50% growth, aided by offline expansion and rising paid enrolments, as it prepares for its Rs 4,500 crore IPO

Oyo likely to file DRHP in November, targets $7-8 bn IPO valuation

Global travel tech firm OYO plans to file its Draft Red Herring Prospectus (DRHP) in November, eyeing a USD 7-8 billion valuation for its IPO, sources said. The company is expected to approach its board with the proposal next week, people familiar with the matter told PTI. When reached out, a company spokesperson said, "While we cannot comment on any timelines related to OYO's DRHP or IPO related plans, since it's a decision that will be guided by OYO's Board of Directors and will be solely at their discretion. For now, OYO continues to evaluate a range of strategic options to drive value for its stakeholders". According to sources, discussions with key banking partners have ramped up in recent weeks, with valuation guidance now pegged at USD 7-8 billion ( around Rs 70 per share), potentially in the range of 25-30 times the EBITDA. "The filing with regulators is being considered for November. Over the past few months, SoftBank has engaged with banks such as Axis, Citi, Goldman Sach

'Regulated pre-IPO trading platform to bring transparency for investors'

Market regulator Sebi's plan to introduce a regulated pre-IPO trading platform could reshape how investors buy and sell unlisted shares, bringing transparency to a space long dominated by the opaque grey market and reducing risks for retail investors, market experts said. Moreover, for employees, especially those holding ESOPs (employee stock options), the framework could be a game-changer. Rajesh Singla, founder and CEO of Planify, which deals in buying and selling of unlisted shares, explained that a large portion of ESOPs remains unutilised today as employees lack access to liquidity options before an initial public offering (IPO). With Sebi's proposed system, they would finally have an avenue to monetise their holdings in a regulated environment. On Friday, Sebi chairman Tuhin Kanta Pandey hinted at introducing a regulated platform for pre-IPO share trading, potentially replacing existing grey market practices. The move, if implemented, may also allow investors to trade shares

Globtier Infotech prices IPO at ₹72 per share, ₹31 crore issue opens Monday

Globtier Inforech on Friday fixed the price at Rs 72 per share for its Rs 31.02 crore initial public offering, which will open for subscription on August 25. The IPO is a combination of a fresh issue of 38.11 lakh equity shares, including market maker portion of 2.24 lakh shares, and an offer for sale of 5 lakh equity shares, the company said in a statement. The fixed price issue will be for subscription on the BSE SME platform on August 25 and closes on August 28, 2025. The net proceeds from the issue are proposed to be utilised by the company for funding its working capital requirements, repayment of debt, and for general corporate purposes. Globtier Infotech Limited is a Managed IT and SAP Support Service provider, empowering businesses with IT solutions. The company's total revenue was reported at Rs 94.81 crore and net profit at Rs 5.50 crore, whereas EBITDA was reported at Rs 11.77 crore in FY 25. Shannon Advisors Pvt Ltd is the sole book running lead manager of the offer.

Sebi may introduce regulated platform for pre-IPO firms: Tuhin Kanta Pandey

The markets regulator, Sebi, may introduce a regulated platform where pre-IPO (initial public offering) companies can trade after making certain disclosures, its chairman Tuhin Kanta Pandey said on Thursday. This initiative would be on a pilot basis, he said. Speaking at an event organised by FICCI, Pandey said pre-listing information is often not enough for investors to make an investment decision. He hinted at an initiative "on a pilot basis for a regulated venue where pre-IPO companies can choose to trade subject to certain disclosures." This initiative is expected to eliminate unnecessary processes and pain points that cause avoidable friction in fundraising, disclosures and investor onboarding, he said. Additionally, this will explore emerging areas, products and asset classes that create both demand and supply of capital. When asked whether there is any discussion with depositories on the pre-IPO trading platform, he said, "This is only in principle with what I'm stating".

Sebi may introduce regulated platform for pre-IPO firms: Tuhin Kanta Pandey

The markets regulator, Sebi, may introduce a regulated platform where pre-IPO (initial public offering) companies can trade after making certain disclosures, its chairman Tuhin Kanta Pandey said on Thursday. This initiative would be on a pilot basis, he said. Speaking at an event organised by FICCI, Pandey said pre-listing information is often not enough for investors to make an investment decision. He hinted at an initiative "on a pilot basis for a regulated venue where pre-IPO companies can choose to trade subject to certain disclosures." This initiative is expected to eliminate unnecessary processes and pain points that cause avoidable friction in fundraising, disclosures and investor onboarding, he said. Additionally, this will explore emerging areas, products and asset classes that create both demand and supply of capital. When asked whether there is any discussion with depositories on the pre-IPO trading platform, he said, "This is only in principle with what I'm stating".

India becomes rare hub for clean energy IPOs as firms eye $4 billion boost

Starting with Vikram Solar Ltd this week, more than a dozen green-energy companies have lined up to go public, seeking to raise more than $4 billion in total

SME IPOs regain momentum after three-month lull, raise ₹3,131 crore

Experts attribute it to buoyant market sentiment and pursuit of better listing gains among investors

RSB Retail files draft IPO papers with Sebi, seeks to raise ₹1,500 cr

RSB Retail India Ltd, a multi-brand retail chain in south India, has filed preliminary papers with markets regulator Sebi for an initial public offering (IPO), and people familiar with the matter indicated the issue could raise around Rs 1,500 crore. The proposed IPO is a combination of a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of up to 2.98 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Thursday. The Hyderabad-based company plans to utilise the net proceeds to the tune of Rs 275 crore for payment of debt, Rs 118 crore for setting up of new stores under the R S Brothers and South India Shopping Mall formats; and rest for general corporate purposes. Incorporated in 2008, RSB Retail is a leading multi-format apparel retailer catering to premium, mid-premium, and value customer segments offering ethnic wear, everyday casual wear and formal wear. As of March 31, 2025, RSB Retail had 73 stor

All Time Plastics IPO listing: Stock debuts at 14% premium; quick overview

All Time Plastics IPO listing: The company lists at 14 per cent premium on BSE and 13 per cent on NSE; check all details here

With 3 mn new entries, demat a/cs see biggest spike in July since Dec

With seamless onboarding and the continued allure of equities fuelling demand, July's additions pushed the nationwide demat count beyond 200 million

AI firm Fractal Analytics files DRHP, eyeing to raise ₹4,900 cr via IPO

The IPO comprises a fresh issue of equity shares aggregating up to ₹12,79.3 crore and an offer for sale of equity shares aggregating up to ₹3620.7 crore

Shreeji Shipping, Patel Retail to launch maiden IPOs on August 19

Shipping and logistics solutions provider Shreeji Shipping Global Ltd and supermarket chain Patel Retail Ltd are set to launch their maiden public issues on August 19. According to their Red Herring Prospectus (RHP), the IPOs will close on August 21, and the one-day bidding for anchor investors is scheduled for August 18. The two companies will announce the price band for their public issues on Monday. So far this year, 44 mainboard companies have launched their IPOs. In addition, two IPOs of BlueStone Jewellery and Lifestyle will open on August 11, followed by the issue of agro-based firm Regaal Resources on August 12. Going by the RHP, Shreeji Shipping Global's IPO is an entirely fresh issue of 1.63 crore equity shares with no offer for sale (OFS) component. The company plans to utilise Rs 251.2 crore from the IPO proceeds for the acquisition of dry bulk carriers in the supramax category on the secondary market, and Rs 23 crore for debt repayment. The flagship company of ...

Sebi plans larger quota for institutions in big IPOs, trims retail share

Sebi said its proposals reflect current market conditions, marked by robust mutual fund inflows and larger IPO sizes