Initial Public Offerings Ipos

Anthropic picks Nasdaq for much-anticipated IPO, eyes listing in October

The Claude chatbot maker is seeking to raise as much as or more than SpaceX in an IPO that could take place as soon as October

Agri-inputs maker SML weighing IPO in 2-3 yrs to fund new chemical entities

Agri-inputs maker SML Ltd, formerly known as Sulphur India Limited, is evaluating a stock market listing within the next two to three years as it looks to fund the development of new chemical entities (NCEs), Managing Director Bimal Shah said. "We have not completely decided - we are also evaluating it," Shah said in an interview to PTI, adding that the debt-free company expects greater clarity on the timeline within the next one to two years. Mumbai-based SML Ltd said it is among a handful of Indian companies developing NCEs - proprietary new molecules rather than generic formulations - with one new molecule expected to reach the market soon and others in the pipeline. "We are working on NCEs, new chemical entity in the last three years. We have a new molecule coming up very soon. ... NCE is a very important focus for us. Of course, this requires a lot of investment," he said. Bringing a single NCE to market can cost USD 70 million-USD 80 million, Shah said, and the company has so

Anthropic may begin IPO marketing in October, eyeing November listing

The AI company is now expected to make its IPO prospectus public in late September, potentially paving the way for one of the largest-ever public listings

Sembcorp Green Infra files DRHP for ₹3,750 crore fresh-issue IPO

The renewable power producer plans to use the proceeds largely to repay borrowings, while expanding its RTC, FDRE and storage-linked renewable energy portfolio

Pushp Brand gets Sebi nod for IPO, investors to partially divest stake

Packaged spices company Pushp Brand (India) has received approval from Sebi to float an initial public offering (IPO), the markets regulator said on Thursday. The IPO is an Offer for Sale of up to 74.45 lakh equity shares by existing shareholders. The company, which filed preliminary IPO papers in June, obtained 'final observation' from the regulator on August 27, the update showed. The receipt of Sebi observation is a key step in the IPO process, following which the company can proceed with further preparations for the public issue, subject to applicable regulatory requirements. The OFS will include shares held by promoters Surendra Kumar Surana and Mahendra Kumar Surana, as well as investor shareholders A91 Emerging Fund I LLP and Sixth Sense India Opportunities III. A91 Emerging Fund I, which invested about Rs 125 crore in the company in 2020, holds a 20.14 per cent stake and will sell only part of its holding. Sixth Sense India Opportunities III, which invested around Rs 101

Lumino Industries IPO: GMP at 60%; analysts recommend 'subscribe' tag

The shares of Lumino Industries are slated to list on BSE and NSE with a tentative date set as September 3.

MSM Unify appoints Rishi Kapoor as CFO ahead of potential FY28 IPO

MSM Unify, the global platform connecting students, recruitment partners, and universities across markets on six continents, on Monday announced the appointment of Rishi Kapoor as Chief Financial Officer. The appointment comes as the company advances its plans for a potential Initial Public Offering (IPO) on Indian stock exchanges, paired with an international listing, targeted for fiscal year 2028. In his new role, Kapoor will oversee financial strategy, fundraising, investor relations, and financial operations across MSM Unify's global markets, including North America, Europe, MENA (Middle East and North Africa), India, Africa, and Australia. He will also lead the company's IPO readiness in India and its broader dual-listing strategy across Indian and international markets. Kapoor brings more than two decades of finance leadership experience across edtech, IT, pharmaceuticals, and supply chain businesses. Over the course of his career, he has led the raising of more than USD 135

Priority Jewels sets IPO price band at ₹190-200, issue to open on Aug 28

Priority Jewels Ltd is gearing up to launch its Initial Public Offering (IPO) on August 28, with a price band of Rs 190-200 per share. The three-day public issue will close on September 1, while bidding by anchor investors will take place on August 27, according to an announcement by the company. The IPO comprises a fresh issue of up to 45.75 lakh equity shares, aggregating to Rs 86.93 crore at the lower end and Rs 91.50 crore at the upper end of the price band. At the upper price band, the post-issue implied market capitalisation of the company is estimated at around Rs 360 crore. Proceeds from the public issue will be used for debt payment and general corporate purposes. Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery. Qualified institutional buyers (QIBs) have been allocated 50 per cent of the offer, while 15 per cent has been reserved for Non-Institutional Inve

Rays of Belief's IPO to open on Sep 1, price band set at ₹227-239

Rays of Belief Ltd, which operates under the Mom's Belief brand, is set to launch its Initial Public Offering (IPO) on September 1, with a price band of Rs 227-239 per share. The post-issue implied market capitalisation of the company is estimated at Rs 474-500 crore, based on the price band. The three-day public issue will close on September 3, while bidding by anchor investors will take place on August 31, according to the company's announcement on Monday. The IPO comprises a fresh issue of up to 52.30 lakh equity shares worth Rs 125 crore at the upper end of the price band. The issue proceeds will be used to fund the company's expansion plans, including setting up 319 new centres between fiscal 2027 and fiscal 2029. Also, funds will be allocated towards capital expenditure, including centre fit-outs, therapy-material inventory and technology hardware. Rays of Belief is a for-profit social enterprise providing personalised intervention plans for children with neurodevelopmental

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

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

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 ...

Sembcorp plans to file IPO papers for Indian unit to raise $500 million

The Temasek Holdings Pte.-backed renewable energy company plans to submit draft documents as early as this month

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 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

Behari Lal Engineering IPO gets 'subscribe' tag from analysts; GMP at 23%

Strong industry outlook, robust order book and customer base, along with scope for improved profitability, make analysts bullish on Behari Lal Engineering IPO.