Page 8 - Initial Public Offering (ipo)

Ahead of July 10 listing, Smartworks reports ₹382 cr debt as of Apr-end

Smartworks Coworking Spaces, which plans to launch IPO on July 10, has said that the company's total debt stood at Rs 382 crore at the end of April. Gurugram-based Smartworks currently has 48 operational centres with over 1.9 lakh seating capacities. "Our total outstanding borrowings as on April 30, 2025, were Rs 3,819.67 million, on a consolidated basis," the company said in a Red Herring Prospectus (RHP) filed with SEBI. Smartworks will hit the capital market on July 10 to launch its Initial Public Offering (IPO). The issue will close on July 14. The company has revised its IPO size downward. The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer For Sale (OFS) by promoters has been cut to 33.79 lakh shares from 67.59 lakh shares. Out of the total proceeds from the fresh issue of shares, the company will use Rs 226 crore for capital expenditure related to the fit-outs in new centres and security deposits for these ne

Allied Engineering Works files IPO papers, to raise ₹400 cr via fresh issue

Smart energy meter manufacturer Allied Engineering Works has filed preliminary papers with the markets regulator Sebi to garner funds through an initial public offering (IPO). The proposed IPO is a combination of fresh issuance of shares worth Rs 400 crore, and an offer-for-sale of 75 lakh shares by promoter Ashutosh Goel, according to the draft red herring prospectus (DRHP) filed on Saturday. Proceeds from the fresh issue will be used for part financing the capital expenditure required to set up manufacturing facilities. This includes Rs 116.75 crore for the production of smart gas meters, smart water meters, and IoT (Internet of Things) solutions at the Kundli facility, and Rs 99.71 crore for the production of smart electricity meters at the Rai facility. Additionally, Rs 120 crore will be allocated towards meeting the company's future working capital requirements and a portion of the proceeds will also be used for general corporate purposes. Also, the city-based company consider

Smartworks Coworking IPO to open on July 10; issue size cut to ₹445 crore

About Rs 226 crore from the total proceeds will be used for capital expenditure related to the fit-outs in new centres and security deposits for these new centres

Visioning expansion: IPO-bound Lenskart sets sights on AI glasses

The investment gives Lenskart access to Ajna's XR and AI tech as it plans to launch consumer-focused smart eyewear and raise $1 billion at a $10 billion valuation

Brigade Hotel Ventures raises ₹126 crore from 360 ONE ahead of IPO

Brigade Hotel Ventures Ltd has raised Rs 126 crore by selling equity shares to 360 ONE Alternates Asset Management, ahead of its maiden public issue. Brigade Hotel Ventures is a subsidiary of Bengaluru-based real estate company Brigade Enterprises Ltd. In a statement on Friday, Brigade Hotel Ventures said it has "raised Rs 126 crore in a pre-IPO placement round." The company issued 1.4 crore equity shares to 360 ONE Alternates Asset Management Ltd (360 ONE) at Rs 90 per share. This transaction represents 4.74 per cent of the company's pre-offer share capital. According to the DRHP, the company's initial public offering (IPO) consisted of a fresh issue of shares aggregating up to Rs 900 crore. The company will use around Rs 480 crore to cut debt and Rs 107 crore to purchase land. The remaining proceeds will be to pursue inorganic growth. Brigade Hotel Ventures Ltd is one of the leading hospitality firms in South India. It entered into the hospitality business in 2004. The compan

Sundaram MF to launch multi-factor fund; Crizac raises nearly ₹258 crore

New Sundaram scheme to follow rule-based multi-factor strategy; Crizac IPO opens Wednesday after anchor allotment

India's IPO market eyes $2.4 bn in offerings in July on confidence revival

So far this year, India continues to the world's No. 2 IPO market with $5.86 billion raised, accounting for the 12 per cent of total proceeds globally, LSEG data shows

Shadowfax Technologies files confidential DRHP for ₹2,500-crore IPO

In its most recent funding round in February 2025, Shadowfax raised both primary and secondary capital at an approximate valuation of ₹6,000 crore.

Wakefit to raise ₹468 crore via IPO; plans to expand Coco stores

Wakefit plans to raise Rs 468.2 crore via IPO, with a fresh issue and partial exit by promoters and investors as it expands store network and marketing efforts

Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr

Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prospectus (UDRHP) filed on Thursday. As part of the OFS route, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will sell shares worth Rs 950 crore and HDFC Bank Ltd will be offloading its stake in the company for Rs 1,050 crore. Also, the Mumbai-based Credila Financial Services is looking to raise about Rs 600 crore in a pre-IPO round. If the pre-IPO round takes place, the size of the fresh issue will reduce accordingly. The updated draft filing comes after Credila's confidential offer documents w

Credila Fin Services files updated draft for IPO; to raise Rs 5,000 cr

Education loan provider Credila Financial Services has filed its updated draft papers with capital markets regulator Sebi to raise Rs 5,000 crore through the initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth Rs 3,000 crore and an offer for sale (OFS) of shares for Rs 2,000 crore by promoter entity and an investor, aggregating the total size of the public issue to Rs 5,000 crore, according to the updated draft red herring prospectus (UDRHP) filed on Thursday. As part of the OFS route, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will sell shares worth Rs 950 crore and HDFC Bank Ltd will be offloading its stake in the company for Rs 1,050 crore. Also, the Mumbai-based Credila Financial Services is looking to raise about Rs 600 crore in a pre-IPO round. If the pre-IPO round takes place, the size of the fresh issue will reduce accordingly. The updated draft filing comes after Credila's confidential offer documents w

HDB starts taking orders for one of India's biggest IPOs this year

The shares are being marketed from Wednesday at ₹700 to ₹740 each, valuing the company at as much as $7 billion

Tata Capital gets Sebi nod for $2 bn IPO, likely India's biggest in 2025

The approval clears the way for the company to incorporate feedback from the regulator into its prospectus, before it starts marketing the deal

HDB Financial IPO pricing reflects investor feedback, say bankers

The IPO, which opens on June 25 and closes on June 27, has kept a price band of ₹700-740 per share

Health-tech sees IPO rush fueled by digitisation, govt ease, AI adoption

India's post-pandemic healthcare IPO landscape is evolving fast, with health-tech firms leading the charge as AI, digitisation and policy reforms attract fresh investor interest

Oswal Pumps IPO subscribed 1.6x; strong HNI demand ahead of close

Qualified investors subscribe 27 per cent, wealthy investors 4.5 times, and retail investors 1.1 times as Oswal Pumps IPO nears close with ₹416 crore anchor backing

Impact on biz no valid reason to set aside injunction: HC on trademark row

Delhi HC dismisses tech firm's plea claiming injunction, that restrained it from using the trademark "Newgen", hampers operations and IPO plans

ArisInfra Solutions Ltd sets IPO price band at Rs 210-222 per share

ArisInfra Solutions Ltd on Friday fixed a price band of Rs 210 to Rs 222 per share for its nearly Rs 500-crore Initial Public Offering (IPO). The initial share sale will open for a public subscription on June 18 and conclude on June 20, the company announced. The IPO is a completely fresh issue of equity shares worth Rs 499.6 crore with no Offer For Sale (OFS) component. At the upper end of the price band, the company is valued at nearly Rs 1,800 crore. Proceeds of the issue will be used for funding the working capital requirements of the company, investment in subsidiary, Buildmex-Infra, for funding its working capital, purchase of partial shareholding from existing shareholders of its subsidiary, ArisUnitern Re Solutions Pvt Ltd, repayment of loan and for general corporate purposes. Arisinfra Solutions is a B2B technology-enabled company, focusing on simplifying and digitising the procurement process for construction materials. Between April 1, 2021 and March 31, 2024, the comp

Rayzon Solar to file draft papers with Sebi for Rs 1,500 crore IPO

Solar panel manufacturer Rayzon Solar Ltd is planning to file its draft papers with markets regulator Sebi by the end of the month, as it prepares for about Rs 1,500-crore initial public offering (IPO), people familiar with the plan said on Friday. The Surat-based company has already roped in top investment banks to manage the public offering. According to the people familiar with the plan, the company is looking to raise funds through fresh issuance of equity shares and proceeds are expected to be used for for its expansion plans. An email to Rayzon Solar seeking confirmation of the draft papers filing and IPO details did not elicit a response. The company is considering to enter the public market at a time when the domestic solar manufacturing industry is gaining traction, driven by import curbs, and rising global interest in non-China supply chains. Founded in 2017, Rayzon Solar has emerged as one of the fastest-growing solar PV module manufacturers in the country. As per its .

JSW Cement begins roadshow ahead of next month's planned Mumbai IPO

JSW Cement could be joining a swelling pipeline of summer listings in India, where the central bank cut rates by a bigger-than-expected 50 basis points last week