Initial Public Offerings

IPO buzz: Over a dozen firms, including Zepto set for debut next month

Coming month is likely to witness an IPO rush with more than a dozen companies, including Zepto, Truhome Finance and logistics platform Shiprocket gearing up to launch their initial share-sale. The upcoming issues, expected to collectively raise over Rs 25,000 crore, include a mix of fresh equity issuances and offer for sale (OFS) component, merchant bankers said. "With markets stabilising and investor sentiment improving, companies that were waiting on the sidelines are now moving ahead with their IPO plans," said Bhavesh Shah, MD & Head-Investment Banking at Equirus Capital. Among the largest offerings, Zepto plans to raise up to Rs 8,010 crore through a fresh issue, along with an OFS of up to 11.34 crore equity shares. Housing finance company Truhome has proposed a Rs 3,000-crore IPO, comprising a fresh issue of up to Rs 1,500 crore and an OFS of an equal amount. Elevate Campuses intends to raise Rs 2,550 crore entirely through a fresh issue, while Shiprocket has filed for a Rs

We can theoretically become net-debt zero after IPO: Manipal Health's Jose

MD & CEO Dilip Jose says the hospital chain will use the ₹8,000-crore fresh issue largely to repay debt, while pursuing organic expansion and selective acquisitions in key markets

Debt issuances propel June fund mobilisation to record ₹3.15 trillion

Total fund mobilisation surged 122 per cent month on month to a record ₹3.15 trillion in June as debt issuances more than offset subdued IPO activity

Manipal Health aims to raise $960 mn in IPO, price band set at ₹560-590

Manipal Health will start taking investor orders on July 29 and plans to close bidding on July 31

Indo-MIM IPO: Why do analysts prefer it over Xtranet, Lohia & Cube? Decoded

As investors struggle to decide the best bet, analysts' consensus lies with ₹3,811-crore Indo MIM IPO as they find its global leadership position, robust financials and strong grey market positioning.

Should you bet on Xtranet Technologies' ₹167-crore IPO? What brokerages say

Xtranet Technologies IPO has received mixed reviews, with Swastika recommending applying with a medium-term view. SBI Securities has a 'neutral' call on the offer.

SBI Funds Management poised for strong India debut after $1 billion IPO

Shares of the nation's largest funds manager by assets were quoted about 18% above the IPO price of ₹574 in the gray market on Monday

Lohia Corp fixes IPO price band at ₹404-425; issue opens on July 23

Industrial machinery manufacturer Lohia Corp Ltd on Monday said it has fixed a price band of Rs 404-425 per equity share for its upcoming Initial Public Offering (IPO), valuing the company at around Rs 4,500 crore at the higher end. The company's Rs 1,102 crore IPO will open for public subscription on July 23 and conclude on July 27, while the bidding for anchor investors will open on July 22, according to a public announcement. The IPO is entirely an OFS of up to 2.59 crore equity shares by existing shareholders. Since the issue is an OFS, the company will not receive any proceeds from the public offering. At the upper end of the price band, the IPO is valued at around Rs 1,102 crore. Investors can bid for a minimum of 35 equity shares and in multiples thereafter. Qualified Institutional Buyers (QIBs) have been allocated 75 per cent of the net offer, while 15 per cent has been reserved for Non-Institutional Investors (NIIs) and 10 per cent for retail investors. The equity shares

Cube Highways Trust InvIT, Indo MIM among 4 public issues opening next week

The primary market will remain active next week, with four public issues, including the InvIT of Cube Highways Trust and the initial public offerings (IPOs) of Indo MIM, Lohia Corp and Xtranet Technologies, set to open for subscription. Cube Highways Trust will open its Rs 5,000-crore InvIT public issue on July 22 and close on July 24. The price band has been fixed at Rs 151-152 per unit, while anchor investor bidding will take place on July 21. The issue is a 100 per cent book-built offer for sale by existing unitholders as the trust transitions from a privately listed InvIT to a publicly listed platform. Ahead of the public issue, Cube Highways Trust raised Rs 1,250 crore from strategic investors through unit subscription agreements. The IPOs of Indo MIM, Lohia Corp and Xtranet Technologies will open on July 23 and close on July 27. Anchor investor bidding for the three mainboard issues are slated for July 22. Precision engineering components maker Indo MIM's IPO comprises a fre

Cube Highways Trust sets Rs 151-152 IPO band; issue opens July 22

Cube Highways Trust has fixed the price band for its Rs 5,000 crore IPO at Rs 151-152 per unit, with the infrastructure investment trust set to open its issue on July 22

SBI Funds Management's IPO fully subscribed on second day of bidding

The IPO of India's ​largest asset manager received bids for 126.74 million shares, against 124.56 million ‌on offer, as of 10:48 a.m. IST, exchange data showed

Nearly 210 newage firms ready for public markets in next two years: Redseer

Redseer projects nearly 210 new-age firms will be ready for IPOs over the next two years, with listed companies' market capitalisation expected to reach $1 trillion by 2030

SBI to sell 1.42% stake in SBI Funds Management in pre-IPO placement

The stake sale at ₹574 per share - the top end of the asset manager's IPO price band - provides an early benchmark for the unit's valuation and indicates institutional demand before public offering

Zostel asks Sebi to scrutinise Oyo's IPO disclosures over legal dispute

Zostel has urged Sebi to review Oyo's IPO disclosures, alleging incomplete and misleading references to their long-running legal dispute before the public issue

Cult.fit files for ₹4,000 crore IPO, Hrithik among those selling stake

An offer for sale by existing shareholders could take the fitness company's IPO size to as much as ₹4,000 crore

Real estate firm K Raheja delays $700 million IPO plan by at least a year

The company now intends to revisit the plan once it has achieved greater scale, potentially allowing it to pursue a larger offering and command a higher valuation

Fitness firm Cult.fit files for IPO to raise ₹950 crore via fresh issue

Cult.fit operates 708 fitness centres across India and had more than 987,000 paid members as of March 31, 2026

Cube Highways Trust plans ₹5,000 crore IPO, eyes broader investor base

Cube Highways Trust is planning to launch its Rs 5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the .

ShareChat plans $400 million IPO after turning operationally profitable

The company, commonly known as ShareChat, has become operationally profitable in the first quarter of the year that began April 2026

Waterways Leisure IPO fully booked on Day 3; Sebi resolves 5,500 complaints

Waterways Leisure Tourism's IPO closes fully subscribed, Advit Jewels sees massive demand, while Sebi seeks clarification on Jio Platforms' public issue